Industry Analysis & Industry Trends
The Wind Power industry generates revenue from owning and operating wind farms and selling the produced energy to downstream customers. Over the past five years, government assistance has made this energy source more cost competitive with other electricity-generation sources, with net generation from wind continuing to increase. As a result, industry revenue is expected to grow over the next five years. Industry operators benefit from the federal production tax credit (PTC), a government incentive that pays producers per unit of energy sold, and growing support for renewable energy. The PTC offers renewable power generation operators a tax credit of 2.3 cents per kilowatt-hour of energy produced, and has been instrumental to the industry's growth... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Wind power production in the United States is growing at a rapid rate. Industry value added, which measures an industry's contribution to GDP, is anticipated to increase at an annual average rate of 7.2% in the 10 years to 2021. In comparison, GDP is projected to grow at an annualized rate of 2.2% over the same period. As a result, the Wind Power industry's importance to the economy is increasing, which indicates that the industry is in the growth phase of its life cycle. Government support has been leading the industry's growth, with tax credits and utility mandates guaranteeing markets for the industry's products.
A majority of states have either mandatory or voluntary targets regarding energy production from renewable sources... purchase to read more