Today: Thursday, 29 February 2024 year

DTE Energy buy three wind farms in Michigan

DTE Energy buy three wind farms in Michigan

DTE is withdrawing a portion of its coal-fired generation, the company announced the buying of three wind farms in Michigan. The ambitious project scheduled to begin operations in 2020. This week, the deal was conditionally approved by the Michigan Public Service Commission (MPSC).

DTE plans to purchase two largest wind parks — Isabella I and Isabella II — from Apex Clean Energy and Fairbanks Wind from Heritage Sustainable Energy. These three wind farms are able to generate 455 megawatt of renewable energy. Up to date, the company’s largest wind park in Michigan-Pine River has commenced operations, providing 54,000 homes with clean energy.

The main obligation of DTE is reducing carbon emission and increasing its electricity generation from renewable sources. The new project – three wind farms in Michigan – will expand the company’s renewable energy portfolio by nearly 50%.

Over the years, DTE is investing steadily to enhance its renewable generation assets. Since 2009, the company has invested $2.8 billion and will invest an additional $2 billion over the next five years.

The recent purchase will boost the company’s position in the rapidly transforming energy market, wherein clean energy-producing utilities will gain more.

EIA: The perspectives of wind energy are endless

The U.S. Energy Information Administration (EIA) reports on constant increasing of the usage of renewable energy sources. In the United States, wind energy is gradually becoming the preferred renewable source of electricity generation. Such an approach allows decrease cost of production and providing cutting-edge technologies.

According to IAE, wind and solar renewables together will contribute 11% in 2019 and 13% in 2020 to a total utility-scale generation in the US.

Decarbonization of the economy makes the market od clean energy stronger- the American utility players like NextEra Energy, Inc NEE, Xcel Energy XEL and WEC Energy Group, Inc WEC prefer to focus on the wind.