AWEA: Wind energy projects have contributed $128 million to U.S. economy in last 10 years

Wind turbine, green field

Investment in wind energy projects in U.S. continues to grow

In the last decade, wind energy companies have invested $128 billion into the U.S. economy, the American Wind Energy Association (AWEA) said in a recent report.

According to the AWEA, the construction of new wind farms in the last five years has brought about $13 billion per year to the American economy.

“Over [he past decade], wind has rapidly scaled-up. There‚Äôs now enough wind power installed to reliably produce electricity for over 19 million American homes.” — Tom Kiernan, CEO of AWEA.

Wind energy growing quickly

Last year, wind was the top source for new electricity in the U.S. Additionally, the U.S. maintained its role as the world leader in wind energy last year, as well.

In 2014 alone, the U.S. invested $8.5 billion in new projects, and that number jumped significantly year-over-year $14.7 billion last year.

Texas leads the way by a wide margin

On a state-by-state basis, Texas leads wind project investment by a wide margin. Texas wind power investment is at $32 billion, followed by California at $11.9 billion, Iowa ($11.8 billion), Oklahoma ($9.6 billion), and Illinois ($7.7 billion).

Source → AWEA