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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.
- 2021 Cost of Wind Energy Review
The 11th annual Cost of Wind Energy Review, now presented in...
- 2021 Cost of Wind Energy Review
U.S. wind energy continued to grow in 2021, providing low-cost clean energy to millions of Americans. Three market reports released by the U.S. Department of Energy detail trends in wind development, technology, cost, and performance through the end of 2021 (and in offshore wind through May 2022).
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.
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.
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. A record-high 366 GW of wind was seeking transmission interconnection.
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).
3 Οκτ 2023 · Average construction costs fell by 18% from 2020 for natural gas-fired generators, by 5% for wind turbines, and by 6% for solar photovoltaic systems. These three technologies—solar, wind, and natural gas—made up more than 91% of the capacity added to the U.S. electric grid in 2021.
