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 in the United States
By 2014, the wind industry in the USA was able to produce more power at lower cost by using taller wind turbines with longer blades, capturing the faster winds at higher elevations. This opened up new opportunities and in Indiana, Michigan, and Ohio, the price of power from wind turbines built 300 feet to 400 feet above the ground competed with conventional fossil fuels like coal. Prices had fallen to about 4 cents per kilowatt-hour in some cases and utilities had been increasing the amount of wind energy in their portfolio, saying it is their cheapest option. For power contracts made in the year 2014, the average price of wind power fell to 2.5¢/kWh.