The Net electricity generated by Wind power plants in United States of America reached 352,693.52 GWh in 2020
The indicator recorded a historical growth (CAGR) of 11% between ...
GlobalData projects the indicator to grow at a CAGR of 5.55% between ...
Net electricity generated by wind power plants in the US continuous to grow in 2020
In 2020, renewable power capacity held a low-double digit share in the total power capacity. Within renewable power, onshore wind held the dominant share followed by solar PV and biopower. By 2030, the cumulative renewable capacity is expected to rise at a low-double-digit CAGR.
The increase in the number of wind installations in the US augmented the wind power generation in the country, which increased between 2010 and 2020. Wind power generation in the US is expected to increase during 2021–2030.
The US is the second-largest wind power market after China. The growth of the US wind market is supported by production tax credits (PTCs), treasury grants, subsidies, and renewable portfolio standards (RPS) in various states. Financial backing from the government helped offset the high costs and helped the growth of wind power in the country. Despite a substantial reduction in the price of wind-generated electricity due to technological advancement and market development, wind power is still not as cost-effective as fossil fuels. Consequently, financial and policy support from the government continues to be crucial to the industry’s current and future development. The US wind industry benefits from federal and state support, as well as from standard utility contracts, which guarantee a satisfactory market price for wind power.
As of 2020, many states in the US had wind power capacity, and a few states had their first few projects underway. Texas generated the largest amount of wind electricity in 2020. Iowa was a distant second. There was a difference in generation between these two states, which is more than proportional to the difference in installed capacities, and this could be attributed to the availability of better wind-class sites in Texas. Oklahoma and Kansas were two other states that generated significant wind electricity.
Wind power results from the conversion of wind flow into a useful form of energy through turbines, water pumping, and windmills, which transform mechanical energy. Wind is an alternative source, which generates power from the flow of the earth’s air currents through a wind turbine.
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