The U.S. Department of Energy today released three reports showing record growth in land-based wind energy, significant expansion of the pipeline for offshore wind projects, and continued decline in the cost of wind energy generation. WASHINGTON, D.C.
“At DOE, we will double down on efforts to deploy more wind energy around the country as we also pursue technologies to make turbines even cheaper and more efficient.” More wind energy was installed in 2020 than any other energy source, accounting for 42% of new U.S. capacity. The U.S. wind industry supports 116,800 jobs.
According to the International Renewable Energy Agency, wind power is now cheaper than fossil fuels in all major markets. In 2024, onshore wind retained its position as the world's most affordable source of new power generation, with a global weighted average levelized cost of electricity (LCOE) of just $0.034 per kilowatt-hour.
Funding provided by U.S. Department of Energy Office of Energy Efficiency and Renewable Energy Wind Energy Technologies Office. The views expressed in the article do not necessarily represent the views of the DOE or the U.S. Government.
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