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DOE OSTI · 2434282

Land-Based Wind Market Report: 2024 Edition

Wiser, Ryan·Millstein, Dev·Hoen, Ben·Bolinger, Mark·Gorman, Will·Rand, Joseph·Barbose, Galen·Cheyette, Anna·Darghouth, Naim·Jeong, Seongeun·Kemp, Julie Mulvaney·O'Shaughnessy, Eric·Paulos, Bentham·Seel, Joachim
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Abstract

Wind power additions in the United States totaled 6.5 gigawatts (GW) of capacity in 2023. 1 Wind power growth has historically been supported by the industry’s primary federal incentive—the production tax credit (PTC)—as well as numerous state-level policies. Long-term improvements in the cost and performance of wind power technologies have also been key drivers for wind additions, yielding low-priced wind energy for utility, corporate, and other power purchasers. Nonetheless, 2023 was a slow year in terms of new wind deployment, the lowest since 2014. Elevated interest rates played a role in slowing deployment, as did interconnection and siting challenges.

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Wiser, Ryan, Millstein, Dev, Hoen, Ben, Bolinger, Mark, Gorman, Will, Rand, Joseph, Barbose, Galen, Cheyette, Anna, Darghouth, Naim, Jeong, Seongeun, Kemp, Julie Mulvaney, O'Shaughnessy, Eric, Paulos, Bentham, Seel, Joachim. 2024-08-20. Land-Based Wind Market Report: 2024 Edition. https://doi.org/10.2172/2434282

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