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April 10, 2019

US wind capacity grows by 8% in 2018: AWEA

The American Wind Energy Association (AWEA) has reported that US wind energy capacity has grown by 8% in 2018 to a total of 96.4GW, doubling its capacity from 2010.

By Jack Unwin

The American Wind Energy Association (AWEA) has reported that US wind energy capacity has grown by 8% in 2018 to a total of 96.4GW, doubling its capacity from 2010. The amount of power produced by wind is able to power 30 million homes across the country.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
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The AWEA estimate that the US wind industry supports 114,000 jobs, 500 factories and $1bn in revenue for states.

The report singles out Texas as the state supplies a quarter of US wind capacity and notes that if Texas were a country it would be fifth in the world for wind energy. In jobs, the role of wind turbine service technician is the second-fastest growing job in the US after solar installer, and a total of 8,500 new jobs were added to the sector in 2018.

Wind energy now accounts for more than 20% of total energy generation in some states, including Kansas, Iowa and Maine. Wind energy accounts for 6.5% of the US’ electricity supply.

There is currently over 35GW of new wind energy capacity under construction in 31 states. Once completed, the amount of power produced will increase from enough to power 30 million homes to enough for 42 million homes.

AWEA CEO Tom Kiernan said: “Wind power’s record-breaking year shows our industry is leading the way to a cleaner, stronger 21st century US economy. America’s least expensive source of new electricity generation is also clean and inexhaustible, which gives our economy an edge in the global marketplace.

“We’re proud to report the wind industry employs a record number of Americans, supports a robust domestic manufacturing sector with over 500 factories, and contributes over a billion dollars a year to states and rural communities.”

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Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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