DOE Finds Record Production, Job Growth in U.S. Wind Power Sector
- Aug 18, 2022 2:34 pm GMT
"These reports show
Technology advancement, state-level policies, and the federal production tax credit (PTC) have fueled the wind sector's growth in recent years, but the PTC for wind expired at the end of 2021, creating market uncertainty. The passage of the Inflation Reduction Act, which invests billions of dollars in wind energy by extending the PTC for at least 10 years and encouraging investment in American clean energy manufacturing, gives long-term certainty to the wind industry and is likely to fuel the sector's rapid growth in the years to come.
The Inflation Reduction Act includes long-term extensions of critical tax incentives supporting the deployment of all three wind applications - land-based, offshore and distributed - and new programs to support the siting and construction of high-voltage transmission lines, which will be important for both land-based and offshore wind. Also included are new production-based tax credits for domestic manufacturing and supply of wind components and equipment, which will provide strong incentives to onshore key supply chains of wind turbines and related components.
The 2022 edition of the Land-Based Wind Market Report, prepared by
* Wind energy provided more than 9% of total electricity nationwide, more than 50% in
* Twenty-two states installed new utility-scale land-based wind turbines in 2021.
* Wind turbines continue to grow in size and power, leading to more cheap clean energy production. The average capacity of newly installed wind turbines grew 9% from 2020 to 2021, to 3 MW.
* For wind projects built in 2021, the researchers estimated public health benefits, climate benefits, and value to the grid are worth more than triple the cost of generating electricity from wind energy.
The 2022 edition of the Offshore Wind Market Report, prepared by
* The Biden-Harris administration significantly expanded offshore wind development in new areas of the country, including six new lease areas auctioned in the New York Bight and two new lease areas auctioned in
* As of
* The global capacity for proposed floating offshore wind energy-turbines mounted to a floating foundation or substructure-more than doubled in 2021 from 26,529 MW to 60,746 MW. Deployment of this technology is likely to continue gaining momentum as the industry works to lower costs through innovation and global market growth.
The 2022 edition of the Distributed Wind Market Report, prepared by
* For small wind capacity additions, defined as turbines up to 100 kilowatts in size,
The three market reports, including supporting blogs, videos, and infographics, are available at energy.gov/windreport.
Learn more about the Wind Energy Technologies Office in
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REPORT: https://www.energy.gov/sites/default/files/2022-08/land_based_wind_market_report_2202.pdf, https://www.energy.gov/sites/default/files/2022-08/offshore_wind_market_report_2022.pdf, https://www.energy.gov/sites/default/files/2022-08/distributed_wind_market_report_2022.pdf
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