S&P Analysis: US wind additions in Q2 hit lowest level since 2018

Wind developers connected 945 MW of new capacity to U.S. grids from April to June, a 77% decrease from the 4,098 MW of wind capacity that came online during the same period of 2021, according to a new S&P Global Market Intelligence data and analysis.

Q2 2022 hedge fund letters, conferences and more

The second-quarter 2022 total is the lowest level for U.S. wind additions since the third quarter of 2018, when developers installed 910 MW of projects. The total also represents a 66% decline from the first quarter of 2022, when the U.S. added 2,786 MW of wind power capacity.

Other highlights include:

As of the end of the second quarter, the U.S. had a cumulative wind power capacity of 139,025 MW, Market Intelligence data shows.
The largest plant was added to the Electric Reliability Council of Texas Inc. grid: The 336-MW Truscott-Gilliland East Wind Project in Knox County, Texas.
Looking ahead, the U.S. has a strong wind project development pipeline, with 73.4 GW through 2026, according to Market Intelligence data. Of that total, 31% is in advanced development or under construction. For 2022, 13 GW is in various stages of development, with almost 6.2 GW, or 48%, under construction and another nearly 1.5 GW, or 11%, in advanced development.
Wyoming leads the nation with 6.5 GW of wind projects in advanced development or under construction, though some of the projects have been pending for years. Texas came in second, with a roughly 4-GW pipeline of such projects. Massachusetts, which is targeting 4 GW of offshore wind capacity by 2027, came in third with 2.7 GW of projects.