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 and has been instrumental to the industry's growth... purchase to read more
Industry Report - Industry Products Chapter
The Wind Power industry produces a single product, electricity, from a single energy source, wind. Industry companies build out wind farms with varying electric capacities depending on the size of the land available and the strength of wind flows in the area.
Utility scale wind
Utility scale wind, estimated to account for 69.7% of industry revenue, is defined as wind farms that have greater than one megawatt (MW) of energy capacity. One MW of energy equates to enough power to provide electricity to 200 US households. Large independent power producers and utility companies typically build these wind farms, and they require significant investment to undertake. Companies involved in this service generally do not have distribution operations. The.. purchase to read more