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“What’s really driving demand in California is consistent public policy,” said Randy Hoyle, head of wind energy development for Terra-Gen, as pearly white wind turbines rotated lazily across miles of brown rolling hills behind him. It is one of about two dozen states that have any kind of written strategy for achieving renewable energy goals.
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īut executives said strong Californian support for renewable energy smoothed the way and will prove pivotal in securing the roughly $2 billion more in financing - on top of the $1.6 billion committed - needed to complete the massive project.Ĭalifornia aims for a third of its energy to come from renewable sources by 2020 under a renewable portfolio strategy. Construction activity of new wind farms in the United States fell dramatically in the first half of 2010. investment in wind power shows signs of flagging after a record 2009 as policy support wanes and prices for fuels like natural gas drop. Executives expect the project - using turbines from Denmark's Vestas VWS.CO and General Electric Co GE.N - to run eventually at the typical industry average of 30-40 percent capacity, supplying electricity to the equivalent of 275,000 homes from 2011 and creating thousands of jobs.