Wind farm
New installations place the U.S. on a trajectory to generate 20% of the nation’s electricity by 2030 from wind energy. Growth in 2008 channeled some $17 billion into the economy, positioning wind power as one of the leading sources of new power generation in the country, along with natural gas. Wind projects completed in 2008 accounted for about 42% of the entire new power-producing capacity added in the U.S. during the year.
Wind power
Nuclear power and fossil fuels are subsidized by many governments, and wind power and other forms of renewable energy are also often subsidized. For example, a 2009 study by the Environmental Law Institute assessed the size and structure of U.S. energy subsidies over the 2002–2008 period. The study estimated that subsidies to fossil-fuel based sources amounted to approximately $72 billion over this period and subsidies to renewable fuel sources totalled $29 billion. In the United States, the federal government has paid US$74 billion for energy subsidies to support R&D for nuclear power ($50 billion) and fossil fuels ($24 billion) from 1973 to 2003. During this same time frame, renewable energy technologies and energy efficiency received a total of US$26 billion. It has been suggested that a subsidy shift would help to level the playing field and support growing energy sectors, namely solar power, wind power, and biofuels. History shows that no energy sector was developed without subsidies.