AUGUST 20132012 WIND TECHNOLOGIES MARKET REPORTThis report is being disseminated by the U.S. Department of Energy (DOE). As such, this document was prepared in compliance with Section 515 of the Treasury and General Government Appropriations Act for fiscal year 2001 (public law 106-554) and information quality guidelines issued by DOE. Though this report does not constitute “influential” information, as that term is defined in DOEs information quality guidelines or the Office of Management and Budgets Information Quality Bulletin for Peer Review, the study was reviewed both internally and externally prior to publication. For purposes of external review, the study benefited from the advice and comments of five wind industry and trade association representatives, seven consultants, three federal laboratory staff, and one U.S. Government employee.NOTICE This report was prepared as an account of work sponsored by an agency of the United States government. Neither the United States government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States government or any agency thereof. The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States government or any agency thereof.Available electronically at osti.gov/bridgeAvailable for a processing fee to U.S. Department of Energy and its contractors, in paper, from: U.S. Department of Energy Office of Scientific and Technical Information P.O. Box 62 Oak Ridge, TN 37831-0062 phone: 865.576.8401 fax: 865.576.5728 email: reportsadonis.osti.govAvailable for sale to the public, in paper, from: U.S. Department of Commerce National Technical Information Service 5285 Port Royal Road Springfield, VA 22161 phone: 800.553.6847 fax: 703.605.6900 email: ordersntis.fedworld.gov online ordering: ntis.gov/ordering.htm2012 Wind Technologies Market Report i 2012 Wind Technologies Market Report Primary authors Ryan Wiser, Lawrence Berkeley National Laboratory Mark Bolinger, Lawrence Berkeley National Laboratory With contributions from Galen Barbose, Nam Darghouth, Ben Hoen, Andrew Mills, Samantha Weaver (Berkeley Lab) Kevin Porter, Michael Buckley, Sari Fink (Exeter Associates) Frank Oteri, Suzanne Tegen (National Renewable Energy Laboratory) Table of Contents Acknowledgments . i List of Acronyms and Abbreviations . ii Executive Summary . iv 1. Introduction . 1 2. Installation Trends . 3 3. Industry Trends . 14 4. Cost Trends . 32 5. Performance Trends . 42 6. Wind Power Price Trends . 49 7. Policy and Market Drivers . 55 8. Future Outlook . 69 Appendix: Sources of Data Presented in this Report . 72 References . 76 Acknowledgments For their support of this ongoing report series, the authors thank the entire U.S. Department of Energy (DOE) Wind Liz Salerno, Emily Williams, and Michael Goggin (American Wind Energy Association, AWEA); Cash Fitzpatrick, Liz Hartman, and Larry Mansueti (DOE); Alice Orrell (Pacific Northwest National Laboratory); Andrew David (U.S. International Trade Commission); Matthew Kaplan (IHS-E