Wind Power Price Trends in the United States

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For the fourth year in a row, the United States led the world in adding new wind power capacity in 2008, and also surpassed Germany to take the lead in terms of cumulative installed wind capacity. The rapid growth of wind power in the U.S. over the past decade (Figure 1) has been driven by a combination of increasingly supportive policies (including the Federal production tax credit (PTC) and a growing number of state renewables portfolio standards), uncertainty over the future fuel costs and environmental liabilities of natural gas and coal-fired power plants, and wind's competitive position among generation resources. ... continued below

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Bolinger, Mark & Wiser, Ryan July 15, 2009.

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For the fourth year in a row, the United States led the world in adding new wind power capacity in 2008, and also surpassed Germany to take the lead in terms of cumulative installed wind capacity. The rapid growth of wind power in the U.S. over the past decade (Figure 1) has been driven by a combination of increasingly supportive policies (including the Federal production tax credit (PTC) and a growing number of state renewables portfolio standards), uncertainty over the future fuel costs and environmental liabilities of natural gas and coal-fired power plants, and wind's competitive position among generation resources. This article focuses on just the last of these drivers - i.e., trends in U.S. wind power prices - over the period of strong capacity growth since 1998.

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  • Journal Name: Modern Energy Review

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  • Report No.: LBNL-2675E
  • Grant Number: DE-AC02-05CH11231
  • Office of Scientific & Technical Information Report Number: 974157
  • Archival Resource Key: ark:/67531/metadc934770

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  • July 15, 2009

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 & Wiser, Ryan. Wind Power Price Trends in the United States, article, July 15, 2009; Berkeley, California. (digital.library.unt.edu/ark:/67531/metadc934770/: accessed November 22, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.