The U.S. wind market continued its decline in 2024, with total installations of 5.2 gigawatts (GW), the lowest in 10 years, according to the U.S. Wind Energy Monitor report by Wood Mackenzie. The report shows that 3.9 GW of onshore wind projects came online, along with 1.3 GW of onshore repowers and 101 megawatts (MW) of installed offshore capacity.
Despite this low installation figure, the U.S. is expected to exceed 160 GW of cumulative installed onshore capacity by 2025, with onshore growth projected to rebound to over 6.3 GW in 2025. The current onshore pipeline includes 10.8 GW under construction through 2027, along with another 3.9 GW announced.
In 2024, GE Vernova led onshore wind installations, capturing 56% of the market, followed by Vestas with 40% and Siemens Gamesa with 4%. GE Vernova is also expected to maintain its lead in connections for the next five years.
The offshore wind market is expected to grow in 2025, with 900 MW of installed capacity, a significant increase from 101 MW in 2024. However, several projects have been delayed due to recent Executive Orders, resulting in a 1.8 GW reduction in the five-year offshore wind outlook.
The report forecasts the installation of 33 GW of new onshore capacity, 6.6 GW of offshore capacity, and 5.5 GW of repowers through 2029. However, this five-year outlook has been reduced by 40% from a previous total of 75.8 GW due to U.S. policy changes and economic uncertainty. Key factors contributing to the slowdown include multiple Executive Orders, a temporary withdrawal of offshore wind leasing areas, a halt to onshore projects on federal lands, and a potential reduction in civilian federal employees, which may impact permitting procedures for wind projects. These challenges create a complex environment for wind energy stakeholders.
