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Competitive Renewable Energy Zones (CREZ) in Texas Driving Wind Power Development
GlobalData, Nov 2009, Pages: 12
Competitive Renewable Energy Zones (CREZ) in Texas Driving Wind Power Development
Summary
The creation of Competitive Renewable Energy Zones (CREZ) in Texas will significantly enhance the state’s current transmission capacity which will encourage wind farm development and further lead to increase in wind power installations in Texas. Wind power installed capacity in the state is expected to reach 21,664 MW in 2015 on the back of CREZ program and other federal and state support policies. CREZ came into existence as a part of Senate Bill 20 which was introduced in 2006 is an extension of Senate Bill 7, introduced in 2005. Unlike Senate Bill 7, which made no provision for the development of transmission infrastructure, Senate Bill 20 took this as a legislative strategy. CREZ is the mechanism where the state identified the wind rich zones to expand and construct the transmission network in the coming years so as to promote sustainable renewable energy development in Texas.
Scope
- The study covers the latest events or important trends in the Alternative Energy industry and provides our in-depth analysis of issues and challenges. It discusses how the Texan wind market would be impacted, following the creation of Competitive Renewable Energy Zones (CREZs). In addition, it offers expert opinions and Our views of various developments that have been taking place in the renewable energy sector across the world.
Reasons to buy
- Develop business strategies with the help of specific insights from GlobalData on the key events happening in the alternative energy industry.
- Gain a strong understanding of the energy market and analyze the major trends in the global alternative energy industry today
- Identify opportunities and challenges with the help of our analysis of the latest news and deals in the alternative energy industry
- Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events
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