This publicly available annual report summarizes key trends in the U.S. wind power market, with a focus on 2016 .
Wind power capacity in the United States experienced strong growth in 2016. Recent and projected near-term growth is supported by the industry’s primary federal incentive—the production tax credit (PTC)—as well as a myriad of state-level policies. Wind additions have also been driven by improvements in the cost and performance of wind power technologies, yielding low power sales prices for utility, corporate, and other purchasers. At the same time, the prospects for growth beyond the current PTC cycle remain uncertain, given declining federal tax support, expectations for low natural gas prices, and modest electricity demand growth.
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A summary presentation is available here.Wind Type: Land Based Wind Author: Lawrence Berkeley National Laboratory (LBNL) Publication Date: August 15, 2017 Topic: Economic Impact and Financing Resource Type: Report File Type: PDF Geographic Focus: National Keywords: Market, Market Barriers, Market Development Prepared For: U.S. Department of Energy Peer Reviewed: Yes Funding Source: U.S. Department of EnergyReturn to the NWRC Resource Library