United States (US) Wind Power Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035
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US Wind Power Market Report Overview
The cumulative installed capacity for wind power in the US was 144.24 GW in 2022. The US wind power market is expected to achieve a CAGR of more than 6% during 2022-2035. In the US, the onshore wind power capacity dominated the market with a cumulative installed capacity of 144.20 GW in 2022.
The US wind power market research report discusses the renewable power market in the country in-depth and predicts future outcomes until 2035. Detailed coverage of the renewable energy policy framework governing the market is also provided in the report.
US Wind Power Market Outlook, 2022-2035 (MW)
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The US wind power market report highlights installed capacity and power generation trends from 2010 to 2035 in the country’s wind power market. The report also provides company snapshots of a few of the major market participants. Furthermore, the report sheds light on the products and services offered by the companies.
Cumulative Installed Capacity (2022) | 144.24GW |
CAGR (2022-2035) | >6% |
Historical Period | 2010-2022 |
Forecast Period | 2023-2035 |
Key Deal Type | · Asset Transactions
· Debt Offerings · Private Equity · Acquisition · Partnerships · Equity Offerings · Mergers |
Key Active Plants | · Traverse Wind Project
· Buffalo Gap · Alta Wind Project · Shepherds Flat · Great Prairie Wind |
Key Companies | · WEC Energy Group Inc
· The AES Corp · Santee Cooper · PPL Corp · PNM Resources Inc · NRG Energy Inc |
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US Wind Power Market by Energy Policy Framework
- The US government has provided generous support to the renewable energy industry over the past 10 years, owing to the country’s need for stability and independence in its energy policy, and has prepared a supportive regulatory framework and provided financial backing.
- The country has in place renewable energy incentive programs both at the federal and state level with different states providing various kinds and degrees of support for different renewable energy technologies.
- The extension of the US PTC and ITC in December 2015 provided impetus to the wind and solar power sectors in the country. The bill included an extension of the wind PTC for a period of five years, and a PTC phase-down for wind projects beginning construction after December 31, 2016.
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US Wind Power Market Segmentation by Deal Types
The top deal types in the US wind power market are asset transactions, debt offerings, private equity, acquisition, partnerships, equity offerings, and mergers. Most deals in the American wind power sector were closed via debt offerings in 2022.
US Onshore Wind Power Market Analysis by Deal Types, 2023 (%)
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Major Active Plants in the US Wind Power Market
A few of the major active plants in the US wind power market are Traverse Wind Project, Buffalo Gap, Alta Wind Project, Shepherds Flat, and Great Prairie Wind among others. Developed by GE Renewable Energy and Invenergy LLC, the Traverse Wind Project and The AES Corp’s Buffalo Gap have a power generation capacity of 1GW each.
US Onshore Wind Power Market Analysis by Active Plants, 2023 (%)
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US Wind Power Market - Competitive Landscape
The leading companies in the US wind power market are WEC Energy Group Inc., The AES Corp, Santee Cooper, PPL Corp, PNM Resources Inc., and NRG Energy Inc.
WEC Energy Group Inc. (WEC): Headquartered in Milwaukee, the US, WEC is an energy holding company. It generates and distributes electricity and thermal energy and delivers natural gas. The company produces electric power using various sources such as coal, natural gas, oil, hydro, solar, wind, and biomass. It serves residential, commercial, community, and government customers in Illinois, Wisconsin, Michigan, and Minnesota.
US Wind Power Market Analysis by Companies
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Segments Covered in the Report
US Wind Power Market Deal Type Outlook (Value, 2010-2035, MW)
- Asset Transactions
- Debt Offerings
- Private Equity
- Acquisition
- Partnerships
- Equity Offerings
- Mergers
Scope
The report includes:
- A brief introduction to global carbon emissions and global primary energy consumption.
- An overview of the country’s renewable power market, highlighting installed capacity trends, generation trends, and installed capacity split by various renewable power sources.
- Detailed overview of the country’s wind power market with installed capacity and generation trends and major active and upcoming wind power projects.
- Deal analysis of the country’s wind power market.
- Key policies and regulatory framework supporting the development of wind power sources.
- Snapshots of some of the major market participants in the country.
Reasons to Buy
- Enhance your decision-making capability in a more rapid and time-sensitive manner.
- Identify key growth and investment opportunities in the country’s wind power market.
- Facilitate decision-making based on strong historical and forecast data for the wind power market.
- Position yourself to gain the maximum advantage of the industry’s growth potential.
- Develop strategies based on the latest regulatory events.
- Identify key partners and business development avenues.
- Understand and respond to your competitors’ business structure, strategy, and prospects.
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Frequently asked questions
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What was the US wind power market cumulative installed capacity in 2022?
The cumulative installed capacity for wind power in the US was 144.24 GW in 2022.
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What is the expected US wind power market growth rate for the forecast period?
The US wind power market is expected to achieve a CAGR of more than 6% during 2022-2035.
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Which was the leading deal type in the US wind power market in 2022?
In 2022, most of the deals in the US wind power market were closed via debt offerings.
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What are the major active plants in the US wind power market?
Some of the major active plants in the US wind power market are Traverse Wind Project, Buffalo Gap, Alta Wind Project, Shepherds Flat, and Great Prairie Wind among others.
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What are the key companies in the US wind power market?
The leading companies in the US wind power market are WEC Energy Group Inc., The AES Corp, Santee Cooper, PPL Corp, PNM Resources Inc., and NRG Energy Inc. among others.
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