Cost of Wind Energy Review: 2024 Edition

The primary elements of this analysis include: Estimated LCOE for (1) a representative land-based wind energy project installed in a moderate wind resource in the United States, (2) a representative fixed-bottom offshore wind energy project installed in the U.S. North Atlantic, and (3) a representative floating offshore wind energy project installed off the U.S. Pacific Coast. It also updates the LCOE estimates for representative residential-, commercial-, and large-scale distributed wind projects installed in a moderate wind resource in the United States. A sensitivity analyses is included that shows the range of effects that basic LCOE variables could have on the cost of wind energy for land-based and offshore wind projects and provides updated Fiscal Year 2024 values for land-based and offshore wind energy used for Government Performance and Results Act (GPRA) reporting and illustrated progress toward established GPRA targets.