Energy Analytics Power and Renewables

Project Tracking Review: Top 10 US Wind Developers

bySarp Ozkan

The U.S. consists of one of the largest and fastest-growing wind industries. The U.S. Department of Energy (DOE) is focused on investing in research and development projects for both onshore and offshore wind, supporting continued innovation, new job opportunities and driving economic development. The wind industry represents a vital part of the national energy strategy to reduce carbon emissions and support a transition to a clean energy future.

In 2021, the U.S. had 12,373 megawatts of newly installed wind capacity, bringing the national total to just under 140,000 megawatts. Declining costs and continued progression in the performance of wind technologies have enhanced the economics of these projects.

Wind energy now generates more than 10% of electricity in 16 states and more than 30% in Iowa, Kansas, Oklahoma and the Dakotas. The capacity factor, a ratio of energy a turbine can produce compared to the amount it could generate at its peak, suggests that wind power operations in the U.S. have improved significantly. Some of the most notable gains are in the “wind belt” region, an area expanding from the Dakotas to Texas, renowned for receiving large amounts of wind. A significant proportion of this gain is due to improvements in wind turbine technology and expanding blade and tower sizes. While the wind belt region remains a top priority for wind development nationwide, the emerging trend of larger structures has enabled wind operators to develop sites elsewhere with lower average wind speeds. There may be higher initial costs associated with constructing more substantial turbines but based on a price-per-watt basis, it is cheaper in the long term and generates a more efficient level of energy production.

These industry developments and continued progress are making wind energy far more affordable. In 2009, the average price of wind power purchase agreements in the U.S. peaked at $70 per megawatt-hour. Today in the wind belt region, the figure stands at approximately $20, and on average, $30 for other locations elsewhere.

Offshore wind development plans in the U.S.

Driven by a continued decline in offshore wind project costs, government incentives and commitments, the U.S. offshore wind pipeline increased by 24% over the last year, with more than 35,000 megawatts of offshore wind projects currently in various stages of development. The Vineyard Wind 1 in Massachusetts represents the first commercial-scale offshore wind project to gain approval in the U.S. There are now 15 offshore projects that have progressed to a permitting stage.

The Biden Administration has committed to reaching net-zero emissions by 2050. This goal requires a significant expansion of renewable energy. The National Renewable Energy Laboratory has pointed to the U.S. offshore wind industry as having the potential to provide over 2,000 gigawatts of generating capacity, approximately double the electricity consumed annually nationwide.

The DOE has set a target of 30 gigawatts of offshore wind in operation by 2030. Today’s current offshore wind capacity stands at just a little over 40 megawatts, so there is still a long way to go. Industry experts believe that offshore wind combined with the necessary strategic planning can create job opportunities and support further economic development in much-needed regions.

Below is a chart of the top 10 U.S. wind developers by megawatt within our Enverus Power & Renewables platform. Each business listed represents a critical contribution to the future growth and development of the U.S. wind industry.

Figure 1: Top 10 U.S. Wind Developers by Megawatt of Total Wind Capacity

Graph showing Top 10 US Wind Developers by Megawatt of Total Wind Capacity
Source: Enverus Power & Renewables

Figure 2: Wind Capacity by Currently Operating, Under Construction and Pre-Construction

Graph showing Wind Capacity by Currently Operating, Under Construction and Pre-Construction
Source: Enverus Power & Renewables

Top 10 Wind Developers in the U.S.

RANK DEVELOPER OPERATING UNDER CONSTRUCTION PRE-CONSTRUCTION TOTAL
1 NextEra Energy Resources 19,601 1,633 6,653 27,887
2 Invenergy 12,079 2,284 4,683 19,046
3 APEX Clean Energy 6,946 0 9,187 16,133
4 Avangrid Renewables 7,865 1,052 5,435 14,352
5 EDF Renewable Energy 7,443 393 4,492 12,328
6 Orsted 4,307 567 6,802 11,676
7 EDP Renewables 8,536 250 523 9,309
8 Equinor 0 0 8,532 8,532
9 Tradewind Energy 5,293 315 1,102 6,710
10 E.ON Climate & Renewables 4,730 441 989 6,160

Explore how our analytics and insights can benefit your workflows. Access a preview of Enverus Foundations™ | Power & Renewables here.

Fill out the form below to get a demo of Enverus renewable energy project tracking analytics. View up to date data sets of power plants, generation analysis, companies and more.

Picture of Sarp Ozkan

Sarp Ozkan

Sarp Ozkan is VP of Commercial Product at Enverus. He joined Enverus through the acquisition of products and services from Ponderosa Advisors in 2016 and has more than 10 years of research and modeling experience in the upstream, downstream and power markets. Sarp has been a trusted energy expert for the media and for state regulatory bodies throughout the U.S. and has led consulting projects around many M&A and strategy related inquiries. He has presented at many commercial and academic conferences around the world and been published in several peer-reviewed journals. Sarp holds a Master of Science in Mineral and Energy Economics from the Colorado School of Mines, a Master of Science in Petroleum Economics and Management from the Institut Francais du Petrole (IFP School), and a Bachelor of Arts in Economics from the University of Chicago.

Subscribe to the Enverus Blog

A weekly update on the latest “no-fluff” insight and analysis of the energy industry.

Related Content

energy-transition
Energy Transition
ByKevin Kang

The anticipated end of a two-year reprieve on solar panel tariffs from China coincided with unexpected tariffs on other energy transition-related sectors.

brno-enverus
Operators
ByBryn Davies

Our twelve-member team embarked on the memorable Vltava Relay challenge, covering 360km in 35 hours, with 300 other competing teams.

nuclear-worker
Energy Transition
ByCarson Kearl

This past week two companies in the advanced reactor space went public. Oklo Inc. (NYSE: OKLO) and Nano Nuclear (NASDAQ: NNE) had mixed opening days, with OKLO seeing nearly a 50% price drop from open and NNE trading up well...

Enverus Press Release - Tapping Alberta’s overlooked lithium brines
Energy Transition Intelligence
ByMatthew Keillor, Editor, Enverus Intelligence

Equinor is acquiring 45% stakes in two of Standard Lithium’s direct lithium extraction (DLE) projects in the Smackover Formation in Southwest Arkansas and East Texas, less than a month after closing the book on its U.S. onshore shale operatorship.

Enverus Press Release: Beyond the horizon: US solar and storage solutions are on the rise
Power and Renewables
ByMarie Amice

Learn how Enverus Contiguous Acreage enhancement simplifies parcel discovery, making negotiations easier and projects more viable.

kid-solar-gallery
Power and Renewables
ByColton Wright

Harnessing Sunlight and Soil As the early morning light filters through the countryside, you find yourself on a quiet rural road. You’re sipping coffee and humming your favorite tune. You’re on your way to see loved ones, explore a national...

emissions-wind-women-working
Power and Renewables
ByBryan DiRenzo

In the United States, the anticipated load growth and the retirement of aging plants to meet state mandates are creating a compelling narrative for the expansion of battery storage infrastructure.

Enverus Press Release - Load impact imminent: Data center growth at the mercy of power supply constraints
Energy Transition
ByJeffery Jen

On March 25, 2024, the EPA released its final rulemaking on the update to 40 CFR Part 60 implementing its New Source Performance Standards for New, Modified and Reconstructed Fossil Fuel-Fired Electricity Generating Units.

accurate-grid-forecastin
Energy Transition Intelligence
ByMatthew Keillor, Editor, Enverus Intelligence

In March 2021, the Biden administration set a goal of deploying 30 GW of offshore wind capacity in the U.S. by 2030. These efforts have faced significant growing pains.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Sign up for our Blog

Register Today

Sign Up

Power Your Insights

Connect with an Expert

Access Product Tour

Speak to an Expert