More Bargain Prices for Wind Energy: This Time in Oklahoma

Public Service Company of Oklahoma is buying three times the wind energy it originally planned because of "extraordinary pricing opportunities," it says.

Buying 600 megawatts of wind energy will save the utility an estimated $53 million in the first year alone and even more after that, it says, while providing electricity for 200,000 homes.

Prices for wind energy are 50% lower than last year in Oklahoma – less than coal or natural gas. 

"With these long-term power purchase agreements, we’re adding a significant amount of Oklahoma wind energy, bringing more diversity to our fuel mix, and doing so at a price that will provide substantial savings for our customers," says Stuart Solomon, President.

The utility signed power purchase agreements for 200 MW of energy from three Oklahoma wind farms under development: Balko Wind Project (300 MW total); Seiling Wind Project and Goodwell Wind Project – deliveries begin by 2016.

Oklahoma’s Renewable Portfolio Standard targets 15% renewable energy by 2015 and the state ranks #8 for wind generation. The University of Oklahoma and Oklahoma State University get all their electricity from wind.

Onshore wind energy prices are projected to drop another 12% by 2016, thanks to advancing technologies and lower equipment costs, says Bloomberg New Energy Finance.

Cows are really tiny in this photo, showing how huge the turbines are:

Wind Farm Oklahoma
CREDIT: Sue Ogrocki, Associated Press

Meanwhile, wind energy hit a record last Thursday in Oklahoma and eight other states that make up the Southwest Power Pool. It supplied 6.45 GW of energy for several hours in the afternoon and evening – about 23% of all fuel sources.

Other recent low-priced wind energy buys include:

2 thoughts on “More Bargain Prices for Wind Energy: This Time in Oklahoma

  1. Rona Fried

    Call a wind turbine company, some specialize in small turbines, others large turbines – depends on your situation.

    Reply

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