«The time has never been better in the history of American wind power”, claims Tom Kiernan, CEO of the American Wind Energy Association (AWEA). “The prices for clean energy from wind are at the record low, manufacturers thrive thanks to the stable policy, the sector employed 88,000 people in the high-paying jobs.”
In December 2015, the US Congress extended the production tax exemptions in the renewable energy sector. 100% of the exemptions are now in force in 2016, in 2017 it will be 80%, 60% in 2018 and 40% in 2019. These rules brought about certainty to the wind energy market as well, stimulating private investments.
Today in the USA 5% of energy is produced from wind, the number is expected to reach 10% by 2020, and 20% by 2030.
Activity in the US wind power market has reached a record high in the second quarter of 2016. As it is said in the new report by the American Wind Energy Association (AWEA) “U.S. Wind Industry Second Quarter 2016 Market Report”, currently more than 12,450 MW are under construction, of which 5,800 MW are already at the stage of commissioning.
Quarterly reports of the AWEA provide a momentary glance at the current situation in the US wind industry and reflect the main trends of the sector (including new installed capacities, projects under construction and those at the stage of commissioning, new signed agreements for the supply of electricity from wind and much more).
Completed projects added 310 MW in the second quarter of 2016, bringing the total capacity of 2016 (taking into account the first quarter) to 830 MW. The US has installed wind farms with the capacity of 74,821 MW so far.
It should be noted that, due to the success of the European offshore wind power, the interest in the construction of sea-based wind farms is now growing in the United States. The development of coastal areas is carried out according to the developed plans for the integrated management and development of these areas. Updated regional plans (the North-East and East Coast of the USA) now suggest great potential for commercial projects (including simplification of the permit system for building offshore wind farms).