Wind Power NAICS 221115

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Industry Summary
The 98 companies in the US use wind power to drive a turbine and produce electric energy, which is provided to electric power transmission systems or electric power distribution systems. Utility-scale turbines are generally defined as turbines that exceed 100KW in capacity, but typically range from 1.5 to 7.5MW. Wind energy accounts for about 10.3% of total US electricity generation and about 46.4% of electricity generation from renewable energy, according to the EIA.
“NIMBY” Opposition
Wind farms often face opposition from local residents concerned about noise, aesthetic impacts, and harm to bird populations.
Less Government Support
The One Big Beautiful Bill Act of 2025 hastens the sunsetting of clean energy tax credits established through the Biden-era Inflation Reduction Act (IRA).
Recent Developments
Sep 8, 2025 - US Government Issues Stop-Work Order for Offshore Wind Project
- In late August, the US government – through the Bureau of Ocean Energy Management (BOEM) - ordered Danish firm Orsted to cease work on the Revolution Wind project off the coast of Maryland, according to The Wall Street Journal. The wind project began construction last year and was 80% complete at the time of the stoppage, with all foundations and 45 of 65 turbines installed. The BOEM said it needed more time to complete a review ordered by the Trump administration. Trump opposes wind power and suspended all new federal leases for wind projects soon after his inauguration. In early September, Orsted filed a lawsuit to challenge the stoppage. In mid-April 2025, the Trump administration made a similar move against Norway-based Equinor’s Empire Wind project off the New York Coast, but the order was lifted a month later.
- The U.S. Department of Transportation has rescinded $679 million in funding for 12 offshore wind-related port and infrastructure projects, according to Utility Dive. Major projects affected include the Humboldt Bay terminal off the Northern California coast and the Arthur Kill Terminal in New York. The move follows a broader rollback of federal support for offshore wind, including investigations into turbine imports, revoked lease areas, and halted construction plans. Critics, including five Northeastern governors, warn that reversing these commitments undermines economic progress, threatens jobs, and discourages investment by signaling instability in federal energy policy. In a release announcing the move, the DOT stated the funding cancellations were part of the Trump administration’s energy priorities, which include traditional energy and shipbuilding.
- Renewable energy industry insiders expect the tax and policy bill signed into law in early July by President Trump to reduce clean energy investments, according to The Wall Street Journal. The Biden-era Inflation Reduction Act created 30% tax credits for renewable energy projects, either on the development side with Investment Tax Credits (ITC) or for producing clean energy with Production Tax Credits (PTC). The credits were to remain available until 2032. The legislation signed in July sunsets the ITC and PTC for wind and solar projects five years early in 2027. The new law also requires projects to have higher levels of US-derived content and increases restrictions on content from foreign entities of concern (FEOC). Princeton University’s REPEAT Project estimates the new law will reduce US electricity and clean fuels production by $500 billion over the next decade.
- Since the beginning of 2025, nearly $15.5 billion in clean energy investments have been cancelled, closed, or scaled back, according to a report released in late June by clean energy advocacy nonprofits E2 and the Clean Economy Tracker. Many of the cutbacks came in anticipation of the Trump administration’s goal to claw back some tax credits created during the Biden administration. Clean energy projects have also faced other headwinds, including inflation, high interest rates, and supply chain snarls that affected project timelines, according to The Wall Street Journal. The E2 and the Clean Economy Tracker report said about $450 million was invested in May across five states for solar, EV, grid enhancements, and transmission equipment, but those investments come well short of offsetting the value of project cancellations.
Industry Revenue
Wind Power

Industry Structure
Industry size & Structure
The average wind electric power generator employs about 77 workers and generates about $82 million annually.
- The wind electric power generator industry consists of about 98 firms that employ about 7,600 workers and generate almost $8 billion annually.
- The industry is highly concentrated; the top eight companies account for 80% of industry revenue.
- Large firms include Clearway Energy, Energy Capital Partners, and Caithness Energy.
- Large owners of wind capacity include NextEra Energy, Berkshire Hathaway Energy, Avangrid, and EDP.
- Wind energy accounts for about 10.3% of total US electricity generation and about 46.4% of electricity generation from renewable energy, according to the EIA.
- More than 76,000 wind turbines operate across 45 states, Guam, and Puerto Rico and represent more than 150,100 megawatts (MW) of electricity generation capacity.
- Texas, Iowa, Oklahoma, Kansas, and Illinois produced about 58% of total U.S. wind electricity generation in 2024.
- Alta Wind Energy Center in California is the world’s third-largest wind farm generating 1,550 MW of electricity. The first US commercial, utility-scale offshore wind farm – South Fork Wind off the coast of Montauk, New York – came online in 2024.
Industry Forecast
Industry Forecast
Wind Power Industry Growth

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