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New DOE Study Shows Soaring Demand for Wind Spurs Significant Expansion in U.S. Manufacturing

July 16, 2009

WASHINGTON – Secretary Chu today announced the release of DOE’s 2008 Wind Technologies Market Report, which shows the United States is the world leader in annual wind energy capacity growth, as well as cumulative wind energy capacity. 

The report, a comprehensive overview of developments in the U.S. wind power market, found that wind power capacity increased by 8,558 megawatts (MW) in 2008. This $16 billion investment in wind projects made the U.S. the fastest-growing wind power market in the world for the fourth consecutive year. Wind power contributed 42% of all new U.S. electric generating capacity in 2008; for the fourth consecutive year, wind power was the second-largest new resource added to the U.S. electrical grid in nameplate capacity.

The report, which has been issued annually since 2007, analyzes a range of developments in the wind market, including trends in wind project installations, turbine size, turbine prices, wind project costs, project performance, and wind power prices. The report also details trends in project financing, a key concern for the wind industry in the current economic climate, as well as trends in project ownership, public policy, and the integration of wind power into the electrical grid. DOE’s report provides the wind industry, state and local policy makers, and the general public with valuable information on the state of wind power in the United States.

Some of the key findings of the report include:

Download the full 2008 Wind Technologies Market Report.

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Content Last Updated: 09/21/2011