Though 2023 was a relatively slow year for new wind power deployment in the United States, the industry continues to see growth, solid performance, expanding supply chains, and attractive prices, according to a report prepared for the U.S. Department of Energy (DOE) by Lawrence Berkeley National Laboratory (Berkeley Lab).
With power sales prices ranging from less than $20 to more than $40 per megawatt-hour (MWh) for newly built projects, the cost of wind is well below its grid-system, health, and climate value.
"Wind energy prices—particularly in the central United States—remain attractive even as they have drifted higher in recent years," said Ryan Wiser, a senior scientist in Berkeley Lab's Energy Technologies Area. "Considering the health and climate benefits of wind energy makes the economics even better," he added.
The annual Land-Based Wind Market Report includes information on wind turbine size, energy prices, wind power's contribution to the electricity supply and its societal benefits.