Windpower Monthly rating 4/5
Our rating is based on a combination of project pipeline, political and policy support, investor confidence and structural readiness of the country in terms of grid infrastructure, permitting process and local supply chain.
Forecast of installed and operating wind power capacity based on the latest statisitics and measured against the Windpower Intelligence database.
The United States is enjoying a relatively prolonged period of policy certainty following the 2016 decision to phase out its key incentive, the Production Tax Credit, over five years.
For almost two decades, the regular one- or two-year extensions, often as the incentive was about to expire, created a boom-and-bust cycle confusing developers and scaring off investors.
Some uncertainty remains post the 2021-end of the tax incentive, but the industry is confident it can operate at market prices by that time, with the rise of corporate power purchase deals becoming an important driver.
Much policy is directed at state level, with some states such as Texas and Iowa more friendly towards wind projects.
Transmission becoming a bigger issue, as the country starts needing to ship the vast amounts of generation in central and mid-west states to load centres of coastal cities.
This offers an opportunity to offshore wind, which can be placed closer to major cities. Still in its infancy, the US could have over 12GW of offshore wind capacity in the first half of the next decade.
Last month's blockbuster Bureau of Ocean Energy Management (BOEM) triple auction in Massachusetts had significant implications for the wider US offshore wind industry, Liz Burdock of the Business Network for Offshore Wind writes.
UNITED STATES: The great and the good convened in San Francisco to discuss ways and means of combating climate change at a conference that was long on ambition and aspiration but short on practical answers.
Executive director, Business Network for Offshore Wind
Governor of California
Ørsted has spent more than $1 billion in the past two months, buying up more than just US wind capacity.
Innogy and Nordex have agreed a strategic partnership to work together on a 1.7GW pipeline of onshore wind farms in Europe and the US.
Massachusetts is considering doubling its solicitations of offshore wind to 3.2GW. The first round of solicitations for 1.6GW of offshore wind is already under way, meaning the new goal could add a further 1.6GW by 2035, Windpower Monthly confirmed.
Offshore wind developer Ørsted has entered into a partnership agreement with a coalition of US fishing industry associations to improve communications between the two sectors.
A new generation of buyers and improved data are making risk mitigation tools increasingly popular, according to the CEO of a valuation and risk analytics firm that provides risk management services for renewable energy.
Masdar has acquired shares in two onshore wind projects in the US from John Laing Group.
United States Supply chain constraints threaten US installations
United States AEP subsidiary launches 1.2GW RfP
United States Weather-risk hedge used at new Enel project