DOE: U.S. Wind Generation Growth to Continue

August 22, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--A series of reports recently released by the U.S. Department of Energy (DOE) highlights U.S. wind power generation growth. Wind power accounted for 32% of domestic energy capacity growth in 2021, and the DOE expects that amount to grow--with the Inflation Reduction Act (IRA) poised to further wind's standing in the U.S. energy mix.

Industrial Info is tracking $113 billion worth of capital-spending projects for onshore wind-generation across the U.S., of which only $46.5 billion has a high or medium (70-99%) probability of moving forward as planned, and $48.5 billion worth of capital offshore wind-generation projects, of which only $18 billion worth has a high or medium probability.

Companies featured: Clearway Energy (NYSE:CWEN) (Princeton, New Jersey), Enel Green Power North America, NextEra Energy Incorporated (NYSE:NEE), Dominion Energy Incorporated (NYSE:D), RWE Renewables Americas LLC (San Francisco, California)