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

Enverus Press Release - Lessons learned from Eaton and the risk of wildfires spread by transmission lines
Power and Renewables
ByEric Yen

As the energy landscape continues to evolve, grid congestion is becoming increasingly difficult to predict. With rapid additions of new generation and load projects, traders face growing uncertainty and rising risks in the market. The challenge lies in understanding where...

Enverus Press Release - Looking past the CCUS power plant pipe dream
Energy Transition
ByAmyra Mardhani

EIR provides an overview of recent changes and additions to the growing list of Claas VI wells associated with CCS projects in the US.

minerals-management
Minerals
ByPhillip Dunning

Discover 5 crucial tax strategies for mineral and royalty owners to maximize savings and minimize tax liability. Learn about deductions, 1031 exchanges, and more to ensure you don't overpay this tax season.

affordable energy
Energy Transition
ByAdam Robinson, Enverus Intelligence® | Research (EIR) Contributor

DeepSeek’s recently released open-source reasoning, large language model (LLM) V3-R1 has benchmarked closely to OpenAI’s o1 framework.

Enverus Blog
Energy Transition
ByBrynna Foley

As renewable energy development accelerates, interconnection queues have become increasingly congested with an influx of projects looking to connect to the grid.

energy-transition
Energy Transition
ByThomas Mulvihill

Enverus Intelligence Research (EIR) analyzes wildfire risk levels across the U.S. transmission network, as well as which transmission owners are the most at risk.

Enverus Press Release - Utica oil: America’s modest middleweight contender
Publications
ByJoseph Gyure, Editor, Enverus Intelligence®

U.S. drilling day rates took a tumble in 2024, finishing the year lower than they began for the first time since the COVID-19 pandemic. The Enverus Day Rate Survey’s U.S. composite day rate declined for the 11th consecutive month to...

Oil-drilling-officeworker-energy
Publications
ByMatthew Keillor, Editor, Enverus Intelligence®

Operators have little incentive to increase Haynesville production until gas prices increase, but higher demand is on the way for LNG and electricity generation.

Download our free e-book to explore key insights and strategies for navigating volatility in U.S. power trading markets.
Energy Transition
ByMarc De Guzman

Interconnection queue durations across independent system operators (ISOs) have lengthened and the proportion of projects successfully reaching completion is shrinking. To explore this in detail, Enverus Intelligence® Research captures the average duration of each phase in a project’s lifecycle, the...

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