Land-Based Wind Market Report: 2023 Edition

Technical Report · Thu Aug 24 04:00:00 EDT 2023

DOI:https://doi.org/10.2172/1996790· OSTI ID:1996790

Wiser, Ryan ^[1]; Bolinger, Mark ^[1]; Hoen, Ben ^[1]; Millstein, Dev ^[1]; Rand, Joseph ^[1]; Barbose, Galen ^[1]; Darghouth, Naim ^[1]; Gorman, Will ^[1]; Jeong, Seongeun ^[1]; O'Shaughnessy, Eric ^[1]; Paulos, Bentham ^[1]

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1. Lawrence Berkeley National Laboratory (LBNL), Berkeley, CA (United States)

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.

• Research Organization: Lawrence Berkeley National Laboratory (LBNL), Berkeley, CA (United States)
• Sponsoring Organization: USDOE Office of Energy Efficiency and Renewable Energy (EERE), Renewable Power Office. Wind Energy Technologies Office
• DOE Contract Number: AC02-05CH11231
• OSTI ID: 1996790
• Country of Publication: United States
• Language: English

Related Subjects

17 WIND ENERGY
29 ENERGY PLANNING, POLICY, AND ECONOMY