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  1. The 12th annual Cost of Wind Energy Review, now presented as a slide deck, uses representative utility-scale and distributed wind energy projects to estimate the levelized cost of energy (LCOE) for land-based and offshore wind power plants in the United States.

  2. The 11th annual Cost of Wind Energy Review, now presented in slide deck format, uses representative utility-scale and distributed wind energy projects to estimate the levelized cost of energy (LCOE) for land-based and offshore wind power plants in the United States.

  3. Wind turbines continued to grow in size and power, with the average nameplate capacity of newly installed wind turbines at 3 MWup 9% from 2020 and 319% since 1998−1999. The combined health, climate, and grid-system benefits of wind are more than 3 times its levelized cost of energy.

  4. The U.S. Department of Energy’s 2023 offshore, land-based, and distributed wind market reports show that wind power continues to be one of the fastest growing and lowest-cost sources of electricity in America and is poised for rapid growth, thanks in part to the Inflation Reduction Act.

  5. U.S. wind power deployment was relatively low in 2023, totaling 6.5 gigawatts (GW) and representing $10.8 billion in investment. Yet wind energy contributed 10% of the nation’s electricity supply, and as much as 37% in the Southwest Power Pool. A total of 150 GW of wind was installed in the U.S. at the end of 2023.

  6. These figures include wind turbine (e.g., wind turbine components), balance of system (e.g., development, electrical infrastructure, assembly, and installation), and financial costs (e.g., insurance and construction financing).

  7. www.irena.org › Data › View-data-by-topicWind Costs - IRENA

    Weighted average LCOE of newly commissioned utility-scale onshore wind projects by country, 2010-2022. Hover over data point for the raw values. Brazil. Canada. China. Denmark. France. Germany. India. Italy. Japan. Mexico. Spain. Sweden.

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