2015 Wind Technologies Market Report Summary

jburwen

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WIND POWER TECHNOLOGIES OFFICE

Key Findings

• Annual wind capacity additions surged in 2015, w/ significant additional

new builds anticipated over next five years in part due to PTC extension

Wind has been a significant source of new electric generation capacity

additions in the U.S. in recent years

• Supply chain has been under some duress, but domestic manufacturing

content for nacelle assembly, blades, and towers is strong

• Turbine scaling is significantly boosting wind project performance, while

the installed cost of wind projects has declined

Wind power sales prices remain near all-time lows, enabling economic

competitiveness despite low natural gas prices

• Growth beyond current PTC cycle remains uncertain: could be blunted

by declining federal tax support, expectations for low natural gas prices,

and modest electricity demand growth

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