Nuclear Giant Exelon Wants to Invest in Wind Energy in Ohio
Exelon Corp. has been in the news a lot lately. It’s merger with Pepco finally went through. It has said it would retire two nuclear units in home state of Illinois, maintaining that it can’t compete with cheap natural gas and subsidized green energy. Now, though, it has said it would build a wind farm in Ohio and install 87 wind turbines.
The nuclear power house has been installing wind at a rapid pace, with 47 projects in 10 states — a total of 1,191 megawatts and the 12th largest wind producer in the country, reports the Columbus Business Journal. Nearly 4 percent of its electricity portfolio comes from wind generation, it adds, noting that nuclear makes up two-thirds of it.
At present, the state has only two wind farms. While producers would still get the federal production tax credits — a lucrative incentive, which some maintain is unfair — the state of Ohio may not extend its renewable portfolio standard. Such a standard requires the state’s utilities to offer a certain percentage of their electricity in the form of green energy. The stand expires at the end of this year, although there are discussions to have it extended another three years, the paper reports.
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