Falling Wind Price to Spur Gains in Next Decade, Sieminski Says

Adam Sieminski, head of the U.S. Energy Information Administration, said falling costs for wind power will make the alternate energy competitive with natural gas and coal, spurring expansion in the next two decades.

Sieminski, whose office is independent and doesn’t set policies, said extending a tax credit for wind power, set to expire in December, would help increase use of the power. Even if that tax provision expires as scheduled, wind generation will grow, he said.

To contact the reporter on this story: Mark Drajem in Washington at mdrajem@bloomberg.net

To contact the editor responsible for this story: Steve Geimann at sgeimann@bloomberg.net