Wind power reports
Firstly, the U.S. Department of Energy (DOE) released three reports showing that wind power remains one of America’s fastest growing energy sources and a generator of high-quality jobs.
Secondly, wind power accounted for 32% of U.S. energy capacity growth in 2021, employs 120,000 Americans, and now provides enough energy to power 40 million American homes.
Thirdly, the 2021 wind market reports show that the domestic expansion of wind power is proving to be an essential source of clean, cheap energy generation that supports President Biden’s goals of reaching 100% clean electricity by 2035 and a net zero economy by 2050.
These reports show U.S. wind energy deployment and generating capacity are booming, delivering cheap, reliable, and clean energy to power even more American homes and businesses.
U.S. Secretary of Energy Jennifer M. Granholm.
Automatization
Furthermore, technology advancement, state-level policies, and the federal production tax credit have fueled the wind sector’s growth in recent years, but the PTC for wind expired at the end of 2021, creating market uncertainty.
We recommend: Biden signs the Inflation Reduction Act, climate and energy bill, into law.
Investements
The passage of the Inflation Reduction Act, which invests billions of dollars in wind energy by extending the PTC for at least 10 years and encouraging investment in American clean energy manufacturing, gives long-term certainty to the wind industry and is likely to fuel the sector’s rapid growth in the years to come.
Additionally, this Act includes long-term extensions of critical tax incentives supporting the deployment of all three wind applications; land-based, offshore and distributed; and new programs to support the siting and construction of high-voltage transmission lines, which will be important for both land-based and offshore wind.
It also includes new production-based tax credits for domestic manufacturing and supply of wind components and equipment, which will provide strong incentives to onshore key supply chains of wind turbines and related components.
Wind power market report
The 2022 edition of the Land-Based Wind Market Report, prepared by DOE’s Lawrence Berkeley National Laboratory, detailed 13,413 MW of new utility-scale land-based wind generation capacity added in 2021. The equivalent of powering more than 4 million American homes and representing $20 billion investment in new wind power investment.
