Wind power generation capacity has tripled over the past six years, making up 65 gigawatts of capacity or 4.5% of the nation’s total electricity, but it has only spread across 39 different states.
Fueling the growth in wind turbines, more efficient technologies have allowed wind power costs to fall from 55 cents per killowatt-hour to less than 2.5 cents.
Looking ahead, the DOE projects that advancements in turbine size, blade, electronics and efficiency will help wind power generation grow to 20% of the country’s total capacity by 2030.
First Trust Global Wind Energy Fund
For more information on the wind industry, visit our wind category.
Max Chen contributed to this article.