Wind Power Growth Blows & It’s Getting Stronger

Wind Power Growth has never been better. Following several years of sustained investment, wind generated electricity has shown an outstanding year of growth!

The American Wind Energy Association (AWEA) has released their annual assessment and market report. Within this report, the AWEA shared that wind energy production has hit a new peak, providing 5% of U.S. electricity.

Seeing 5% energy production may not seem like much; however, you need to look at national energy strategies to see where this number is going. States such as Maryland, for example, are looking to produce upwards of 25% of their total energy through renewable measures such as wind. Wind energy investments doubled from 2014 to 2015 and are projected to go up another 160% in 2016.

Congress established a target of 20% energy production through wind farms by 2030. The current wind power growth rate keeps the nation on pace to achieve that objective.

Other Benefits to Wind Power Growth

States making the investment in wind power are also reaping the benefits through their unemployment numbers. Wind power growth has driven demand for many more skilled workers. There are now nearly 90,000 workers supporting the wind industry – this represents a 20% increase year-over-year. Industry experts are projecting that this could grow to almost 400,000 jobs by 2030.

Another tremendous benefit is that wind power growth outpaced all other forms of new energy creation including those from fossil fuels! And we all know that slower fossil fuel power plant growth means fewer climate change inducing greenhouse gases.

Growth is driving improvements and innovations in the technology. Industry leaders have seen their costs drop by two-thirds in less than a decade.

Wind Power in the Future

While federal programs provide incentives to invest in renewable energy sources, state governors have worked to establish consistent goals for renewable energy production in their individual states through the Governors Accord. The future looks very positive.

The Governors Accord has set a series of collaborative objectives that outline a future with more sustainable energy. Those objectives include:

  • An expansion of clean energy – and further breaking our dependency on fossil fuels.
  • Improvement and modernization of state energy infrastructures.
  • Encourage expanded use of clean energy transportation.

With federal, state, and local goals becoming more aligned, total energy generated from wind turbines will certainly continue to grow.