U.S. Wind Power Market - Statistics & Facts

U.S. Wind Power Market - Statistics & Facts

Statistics and Facts about Wind Power in the U.S.

The United States has one of the largest wind energy markets in the world. Wind power development in the country has been largely supported through a production tax credit which allows producers to be paid based on the amount of electricity they produce through wind sources. However, uncertainty about the market and the future of subsidies or other tax benefits may hinder market growth in coming years.

In 2014, wind power was the largest non-hydroelectric renewable energy source in the United States. The country generated about 191 terawatt hours of wind power that year. With a global market share of around 15.5 percent, General Electric was the leading wind turbine manufacturer in 2012. In 2015, the U.S.-based company generated revenue of around 6.27 billion U.S. dollars from its renewable energy segment in the fiscal year of 2015.

NextEra topped the list of U.S. wind power providers, based on 2012 capacity under managing ownership. The Florida-based electricity supplier owns and operates Horse Hollow and Capricorn Ridge, two of the largest wind power projects in the United States. U.S. wind power capacity additions are projected to reach approximately 3 gigawatts in 2015.

Photo: istockphoto.com / nikada

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