The United States has one of the largest wind energy markets in the world. Wind power development in the country has been largely supported through a production tax credit which allows producers to be paid based on the amount of electricity they produce through wind sources. Wind power is the
Wind power’s role in U.S. energy market
Electricity generation from wind in the United States reached a peak of over 434 terawatt hours in 2022, with figures having grown steadily since the early 2000s. Following China, the U.S. is the
leading country in new installed wind power. In 2022, the United States added about 8.6 gigawatts to its wind farm fleets. Texas was by far the
U.S. state with the greatest new capacity installations.
General Electric is the largest U.S.-based wind turbine manufacturer. In 2022, it made 13 billion U.S. dollars through its renewable energy business segment.
Offshore’s rocky start and future prospects
Despite the Department of Energy attributing it huge resource potential, the U.S. coast has been largely untapped for offshore wind deployment. To date, the country with a coastline of over 12,000 miles has only installed one commercial offshore wind park - Block Island Wind Farm, Rhode Island, with a capacity of 30 megawatts. However, this is looking to change in the future. As of 2022, more than 40 gigawatts of offshore projects were in the pipeline, and some of the country’s largest
electric utilities such as Dominion Energy and Duke Energy have made offshore wind essential to their goals of reaching net-zero emissions.
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