Wind Power Price Trends in the United States: Struggling to Remain Competitive in the Face of Strong Growth

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The amount of wind power capacity being installed globally is surging, with the United States the world leader in terms of annual market share for three years running (2005-2007). The rapidly growing market for wind has been a double-edged sword, however, as the resulting supply-demand imbalance in wind turbines, along with the rising cost of materials and weakness in the U.S. dollar, has put upward pressure on wind turbine costs, and ultimately, wind power prices. Two mitigating factors--reductions in the cost of equity provided to wind projects and improvements in project-level capacity factors--have helped to relieve some of the upward ... continued below

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Bolinger, Mark A & Wiser, Ryan October 30, 2008.

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The amount of wind power capacity being installed globally is surging, with the United States the world leader in terms of annual market share for three years running (2005-2007). The rapidly growing market for wind has been a double-edged sword, however, as the resulting supply-demand imbalance in wind turbines, along with the rising cost of materials and weakness in the U.S. dollar, has put upward pressure on wind turbine costs, and ultimately, wind power prices. Two mitigating factors--reductions in the cost of equity provided to wind projects and improvements in project-level capacity factors--have helped to relieve some of the upward pressure on wind power prices over the last few years. Because neither of these two factors can be relied upon to further cushion the blow going forward, policymakers should recognize that continued financial support may be necessary to sustain the wind sector at its current pace of development, at least in the near term. Though this article emphasizes developments in the U.S. market for wind power, those trends are similar to, and hold implications for, the worldwide wind power market.

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  • Journal Name: Energy Policy; Journal Volume: 37; Journal Issue: 3; Related Information: Journal Publication Date: March 2009

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  • Report No.: LBNL-2000E
  • Grant Number: DE-AC02-05CH11231
  • Office of Scientific & Technical Information Report Number: 962467
  • Archival Resource Key: ark:/67531/metadc934642

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Office of Scientific & Technical Information Technical Reports

Reports, articles and other documents harvested from the Office of Scientific and Technical Information.

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  • October 30, 2008

Added to The UNT Digital Library

  • Nov. 13, 2016, 7:26 p.m.

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  • Jan. 4, 2017, 6:04 p.m.

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Bolinger, Mark A & Wiser, Ryan. Wind Power Price Trends in the United States: Struggling to Remain Competitive in the Face of Strong Growth, article, October 30, 2008; Berkeley, California. (digital.library.unt.edu/ark:/67531/metadc934642/: accessed September 23, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.