Monday, July 27, 2009

Dept of Energy Releases Wind Technologies Market Report

The U.S. Department of Energy just released its “2008 Wind Technologies Market Report.” It provides a comprehensive overview of trends in the U.S. wind power market. Some highlights:
  • For the fourth consecutive year, the U.S. was home to the fastest-growing wind power market in the world in 2008, capturing roughly 30% of the market.
  • U.S. wind power capacity additions increased by 60 percent in 2008, representing a $16 billion investment in new wind projects.
  • Wind projects accounted for 42% of all new electric generating capacity added in the U.S. in 2008 and wind now delivers nearly 2% of the nation's electricity supply.
  • Soaring demand for wind has spurred expansion of wind turbine manufacturing in the United States. The share of domestically manufactured wind turbine components has grown from less than 30% in 2005 to roughly 50% in 2008, and that roughly 8,400 new domestic manufacturing jobs were added in the wind sector in 2008 alone.
  • Texas led all states with 7,118 MW of total wind capacity installed, followed by Iowa (2791 MW) and California (2517 MW). Seven states now have more than 1,000 MW installed, and 13 have more than 500 MW.
  • Iowa and Minnesota have the highest levels of wind penetration.
  • Wind power remained competitive in wholesale power markets in 2008, with average wind power prices at or below the low end of the wholesale power market price range.

Find the report here.

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