Wind Power Looks to Soar

Wind Power

Just published—our 2021 edition. Order now!

In 2019, wind generated 2.5% of America’s electricity production according to the U.S. Department of energy (DOE).  By the end of 2019, America’s cumulative wind generating capacity had reached 105,591 megawatts, according to the American Wind Energy Association. The DOE reported that by 2030, wind could supply as much as 20% of the country’s electricity.

In the U.S., wind projects benefit from tax credits and subsidies from government.  As of the beginning of December 2020, existing law stated that wind power’s production tax credit (PTC)  would not be available for projects on which construction began in 2021 or later.  It remained to be seen when or how PTC might be extended under a renewables-friendly Biden administration.

Meanwhile, wind power installation in Europe and Asia has been progressing at a strong pace.  Global wind generation cumulative capacity reached 622 gigawatts in 2019, up from 564 gigawatts in 2018 and 515 gigawatts in 2017, according to BP.  China had the highest total capacity installed with 210 gigawatts, followed by the U.S. with 103 gigawatts and Germany with 61 gigawatts.

More information on developments in wind turbine technology, offshore wind farms, and the future of wind energy can be found in our recently published industry almanac!
For everything you need to know about Solar Power, Wind Power & Renewable Energy companies, see: Solar Power, Wind Power & Renewable Energy Industry Almanac 2021

Order Plunkett’s Solar Power, Wind Power & Renewable Energy  Industry Almanac 2021 Here 

Available to Plunkett Research Online subscribers
See more information about the online edition here. Also available in Almanac Editions.
Publication Date: December 2020Price: $379.99
Printed ISBN: 978-1-62831-555-4
eBook ISBN:  978-1-62831-898-2
See the complete listings of book contents and details here.