The United States is one of the largest wind energy markets in the world. In terms of installed capacity, the country ranks second worldwide, after China. As of end of 2023, the total
installed across the United States reached over 150 gigawatts. Wind power development in the country has been largely supported through a production tax credit which allows producers to be paid based on the amount of electricity they produce through wind sources. In the last years, wind power has become the largest renewable electricity source in the U.S., accounting for roughly nine percent of
Wind power’s role in U.S. energy market
Electricity generation from wind in the United States reached a peak of over 434 terawatt hours in 2022, with figures having grown steadily since the early 2000s. In 2023, wind power production in the country registered a slight decrease, amounting to some 425 terawatt hours. Following China, the U.S. ranked as the
second-leading country in newly installed wind power. That year, the United States added about 6.4 gigawatts to its wind farm fleets. Texas was by far the
U.S. state with the greatest new capacity installations, followed by Ilinois and Kansas. Regarding wind companies, General Electric is the largest U.S.-based wind turbine manufacturer. In 2023, the company generated a revenue of 16.3 billion U.S. dollars through its
renewable energy business segment.
Offshore’s rocky start and future prospects
Despite the Department of Energy attributing it huge resource potential, the U.S. coast has been largely untapped for offshore wind deployment. As of end of 2023, the country with a coastline of over 12,000 miles had only 42 megawatts of
offshore wind capacity installed. However, this is looking to change in the next years. In May 2024, there were more than 80 gigawatts of offshore projects in the country's
offshore pipeline, with over four megawatts already under construction. Some of the country’s largest
electric utilities such as Dominion Energy and Duke Energy have made offshore wind essential to their goals of reaching net-zero emissions.
U.S. wind energy outlook
Offshore wind is expected to grow substantially in the country in the next years.
Offshore capacity additions are forecast to reach 4.2 gigawatts in 2024 and two gigawatts in 2025. New installations over the decade are expected to peak in 2029 at 6.4 gigawatts. For
land-based wind, the landscape is brighter, with capacity additions ranging from 8.4 to 18.7 gigawatts annually in the next five years.
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