Land-Based Wind Market Report: 2024 Edition

Technical Report · Tue Aug 20 04:00:00 EDT 2024

DOI:https://doi.org/10.2172/2434282· OSTI ID:2434282

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

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

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.

• 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: 2434282
• Country of Publication: United States
• Language: English

Related Subjects

17 WIND ENERGY