Economic Benefits, Carbon Dioxide (CO2) Emissions Reductions, and Water Conservation Benefits from 1,000 Megawatts (MW) of New Wind Power in Virginia (Fact Sheet).
Wind power is one of the fastest growing forms of new power generation in the United States. Industry growth in 2007 was an astounding 45%. New wind power installations constituted 35% of all new electric power installations. This growth is the result of many drivers, including increased economic competitiveness and favorable state policies such as Renewable Portfolio Standards. However, new wind power installations provide more than cost-competitive electricity. Wind power brings economic development to rural regions, reduces water consumption in the electric power sector, and reduces greenhouse gas emissions by displacing fossil fuels.