News
DOE details wind’s post-climate law headaches, growth
A trio of Department of Energy reports are shining a light on the American wind sector’s vulnerability to economic pressures, even as the Inflation Reduction Act delivers an infusion of fresh funds to the industry.
Prepared by three national laboratories, the reports portray a wind sector on the verge of holding its own against natural gas competitors as it reaps new subsidies, but also plagued by higher interest rates, inflation and supply chain problems.
Related Knowledge Center: ENERGY BASICS: wind
State of Play
Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent.