Will 2022 become a record year for newly installed US wind power?

Though there are ongoing supply chain woes it still looks like 2022 will be record year for US wind power sector. Earlier this year, The Energy Information Administration (EIA) has announced planned deployments for 7.6 GW of wind power in the U.S. in 2022.

The U.S. wind industry installed 13,413 megawatts (MW) of new wind capacity in 2021, close to 10 percent of the cumulative total that is at 135,886 MW.

Offshore wind power is developing rapidly mostly driven by falling offshore wind prices as well as federal action, and state-level commitments. In fact, the U.S. offshore wind pipeline experienced the 14% growth over the previous year, with 40,083 MW now in various stages of development.

Domestic wind power industry jobs grew rapidly in number in 2021, with more than 120,000 Americans now working in the wind industry.  Wind turbine prices averaged $800–$950 per kilowatt (kW) in 2021. The average installed cost of wind projects is constantly decreasing and in 2021 was $1,500/kW.

For the fist 7 months solar and wind accounted for 70.6% of new US power capacity while renewables overall accounted for 71.0%. In fact, in April 2022 – for the first time ever, the US generated 20% of its electricity from wind and solar power.

It looks like 2022 will be a record year for newly installed US wind power capacity.

It is also worth mentioning that eight US states have set offshore wind energy procurement goals totaling 39,322 MW by 2040.