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DOE OSTI · 1996790

Land-Based Wind Market Report: 2023 Edition

Wiser, Ryan·Bolinger, Mark·Hoen, Ben·Millstein, Dev·Rand, Joseph·Barbose, Galen·Darghouth, Naim·Gorman, Will·Jeong, Seongeun·O'Shaughnessy, Eric·Paulos, Bentham
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Abstract

Wind power additions in the United States totaled 8.5 gigawatts (GW) in 2022. Wind power growth has historically been supported by the industry’s primary federal incentive—the production tax credit (PTC)—as well as myriad state-level policies. Long-term improvements in the cost and performance of wind power technologies have also been key drivers for wind additions. Nonetheless, 2022 was a relatively slow year in terms of new wind power deployment—the lowest since 2018—due in part to ongoing supply chain pressures, higher interest rates, and interconnection and siting challenges, but also the reduction in the value of the PTC that was in place up until the passage of the Inflation Reduction Act (IRA) in August 2022.

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17 WIND ENERGY29 ENERGY PLANNING, POLICY, AND ECONOMY

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Wiser, Ryan, Bolinger, Mark, Hoen, Ben, Millstein, Dev, Rand, Joseph, Barbose, Galen, Darghouth, Naim, Gorman, Will, Jeong, Seongeun, O'Shaughnessy, Eric, Paulos, Bentham. 2023-08-24. Land-Based Wind Market Report: 2023 Edition. https://doi.org/10.2172/1996790

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