• 4 minutes "Natural Gas Trading Picks Up Considerably Amid High Volatility" by Charles Kennedy - ...And is U.S. NatGas Futures dramatically overbought at the $6.35 range?
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours Revisiting: "The U.S. Grid Isn’t Ready For A Major Shift To Renewables" from March 2021 by Irina Slav at OILPRICE
  • 3 days How cheap Chinese tires might explain Russia's 'stalled' 40-mile-long military convoy in Ukraine
  • 7 days "The Calm Before The Storm In Oil Markets" by Tom Kool of OILPRICE and seen at YahooFinance
  • 7 days Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 17 hours Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 7 days "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 7 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
2022 Will Be A Critical Year For Wind Power

2022 Will Be A Critical Year For Wind Power

Wind power was once the…

Building Australia’s First-Ever Offshore Wind Farm

Building Australia’s First-Ever Offshore Wind Farm

Australia’s adoption of wind and…

Will Scotland's Pivot To Wind Power Pay Off?

Will Scotland's Pivot To Wind Power Pay Off?

Scotland is looking to ramp…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

U.S. Wind Capacity Additions Set To Surge To Record In 2020

The United States is on course to see record-breaking 23 gigawatts (GW) of wind turbine capacity additions this year, smashing the previous record from 2012 by nearly 10 GW, the U.S. Energy Information Administration (EIA) said on Thursday.

This year wind capacity additions are set to be higher than in previous years because of the impending phase-out of the full value of the U.S. production tax credit (PTC) at the end of 2020.

Between January and August, a total of 5 GW of wind turbine generation capacity was installed in the United States, according to data EIA has collected from power plant owners and developers. Another 18.5 GW are coming online between September and December, as it is typical for wind installations to come online at the end of each year, the EIA noted. December is typically the month with the most wind turbine capacity additions, and this year 9.6 GW are planned to come online in the last month of the year. In the previous 10 years, a total of 41 percent of the annual wind capacity additions came online in December.

In the third quarter of 2020, the U.S. wind industry installed nearly 2 GW of new wind power capacity, setting a record for third-quarter additions and bringing total American capacity to nearly 112 GW, the American Wind Energy Association (AWEA) said in its latest report at the end of October. U.S. wind installations are on pace for a record year, with capacity additions through the third quarter up by 72 percent compared to the first nine months of 2019.  

Wind power has increased its share in the U.S. energy mix and in the U.S. renewables sources mix in recent years as renewable energy consumption continues to grow.

Renewable energy consumption in the United States continued to rise for the fourth year in a row in 2019. Of the renewable energy used, wind energy—almost exclusively used to produce electricity—accounted for 24 percent of U.S. renewable energy consumption. Last year, wind beat hydropower to become the most used renewable electricity generation source.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News