About Wind Energy
Why Wind?
Why Wind
Wind energy is reliable, abundant, and affordable. According to the American Clean Power Association, over 8.5 gigawatts (GW) of wind power came online in 2022. As the industry grows, its cost continues to decrease. According to Lazard’s Levelized Cost of Energy Analysis, wind energy was the lowest-cost energy resource in 2023.
In today’s changing energy landscape, energy security is more critical than ever. This has placed an emphasis on the need for more locally produced energy resources and the lowest-cost option is renewables.
Tens of thousands of landowners have elected to participate in Invenergy’s wind projects which provide reliable income and help landowners diversify their revenue stream.
Wind Energy’s Success
According to the US Department of Energy, by 2022 the wind power industry employed more than 125,000 Americans full-time across all 50 states. Utility scale wind power has the total capacity of 146 gigawatts, enough to power 46 million American homes.
Low Cost Wind
Wind power saves consumers money. Adding wind energy to the generation mix reduces electricity prices, helps protect against future price shocks, and makes the energy market more competitive. According to ACP, the cost to generate power from wind has declined by 41% over the past decade. With improved technology and U.S.-based manufacturing, wind energy is becoming the cheapest source of new electricity in the country.
Wind’s Environmental Benefits
Wind energy is a clean technology that does not produce harmful emissions that contribute to global climate change. According to ACP, in 2022, wind and solar energy avoided 426 million metric tons of CO2: the equivalent of planting 20 billion trees. In that same year, Invenergy’s clean energy portfolio—which includes 18,000 megawatts of wind power—offset 50.7 million tons of CO2. That’s equivalent to planting 766 million trees. Invenergy is dedicated to being a responsible developer by ensuring regulatory compliance and ethical practices across project development and operations.
Additionally, Invenergy’s in-house Environmental Compliance and Strategy team are subject matter experts in natural resource management, federal lands, policy and permitting, and vegetation management. This team consults on every project throughout its lifespan. We also work with appropriate staff at the local, state, and federal levels to ensure regulations are followed throughout all phases of the project.