Wind Market Reports: 2024 Edition

The U.S. Department of Energy’s annual offshore, land-based, and distributed wind market reports, released in August 2024, show that the passage of the Inflation Reduction Act (IRA) led to significant increases in near-term wind deployment forecasts and has motivated billions of dollars of investment in the domestic supply wind chain, demonstrating the wind energy sector’s resilience and potential to power American homes in the face of industry challenges.

Click on each report cover to learn more.

Offshore Wind Energy 

 

The Offshore Wind Market Report: 2024 Edition provides detailed information on the global offshore wind energy industry through Dec. 31, 2023, and tracks U.S. projects in various stages of development through May 31, 2024.

Land-Based Wind Energy

 

The Land-Based Wind Market Report: 2024 Edition provides an overview of trends in the U.S. wind power market, with a particular focus on the year 2023. This report primarily focuses on land-based, utility-scale wind turbines over 100 kilowatts in size.

Distributed Wind Energy

 

The Distributed Wind Market Report: 2024 Edition provides statistics and analysis of U.S. distributed wind energy for 2003–2023. Distributed wind turbines are connected at the distribution level of an electricity system, or in off-grid applications, to serve local energy needs.

An icon of a wind turbine floating in water.

80,523 MW

is the potential generating capacity of the U.S. offshore wind energy project development and operational pipeline, a 53% increase since last year.

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150,492 MW

is the amount of land-based wind capacity installed in the United States by the end of 2023, including 6,474 MW added in 2023.

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1,110 MW

is the amount of distributed wind capacity installed in the United States from 2003 to 2023.

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$2.1 billion

was invested in the domestic offshore wind industry to develop ports, vessels, supply chain, and transmission in 2023.

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125,580 jobs

help power the domestic land-based wind energy industry.

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$37 million 

was invested in new U.S. distributed wind projects in 2023.

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13 states

have policies that collectively support 115,130 MW of offshore wind by 2050.

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4 states

got more than 40% of their electricity supply from land-based wind energy in 2023.

An icon of a wind turbine.

92,000 turbines

are installed in distributed wind applications in all 50 states as of 2023. 

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