Wind’s growth has been so rapid and its price has dropped so fast that a more important long term trend is often missed: It is quickly expanding its addressable marketplace.
Deployed wind energy capacity grew almost 19% in 2016, to 5.53% of total U.S. generating capacity, according to the U.S. Energy Information Administration (EIA). By year’s end, it was the nation’s most plentiful renewable resource by capacity, surpassing hydropower. There is now wind generation in 41 states. In the fourth quarter alone, 19 states brought new projects online.