7.8.10.3Vertical

Wind Farm Operations & Maintenance

O&M service companies maintaining wind turbine fleets.

Market snapshot

These figures describe Wind Energy Development & Generation (7.8.10), the segment that Wind Farm Operations & Maintenance sits within — not Wind Farm Operations & Maintenance on its own.

FragmentationConsolidatingEstimate
Federal indicators
Net generation
~464 TWh (10.5% of U.S. generation)
Operating capacity
~153 GW nameplate
Trend
+7.9% CAGR (2018–2025)
Share of U.S. generation
6.5% (2018) → 10.5% (2025)

U.S. Energy Information Administration — Electric Power Operational Data, 2025 (net generation, all sectors). U.S. Energy Information Administration — Form EIA-860M, December 2024 (operating generators). U.S. Energy Information Administration — Electric Power Operational Data, 2018–2025.

Wind generation (NAICS 221115, ~$14B reported) is sized under Power Generation; wind development and offshore wind span construction and services classifications and are not separately sized here.

Business model & economics

Revenue model

Development, PPAs, generation sales, and tax-credit monetization

Key economics

Recurring revenue
High

long-term PPAs and generation

EBITDA margin
Contracted infrastructure economics
Capex intensity
High

Characteristics

  • Onshore wind low-cost and mature; offshore emerging.
  • IRA production credits and clean-power goals.
  • Siting, transmission, and offshore-cost headwinds.

Geographic concentration

AlabamaAlaskaArizonaColoradoFloridaGeorgiaIndianaKansasMaineMassachusettsMinnesotaNew JerseyNorth CarolinaPennsylvaniaSouth DakotaTexasWyomingConnecticutMissouriWest VirginiaNew MexicoArkansasCaliforniaDelawareDistrict of ColumbiaHawaiiIowaKentuckyMarylandMichiganMississippiMontanaNew HampshireNew YorkOhioTennesseeUtahVirginiaWashingtonWisconsinNebraskaSouth CarolinaIdahoNevadaVermontLouisianaRhode IslandNorth DakotaOklahomaIllinoisOregon

Wind development and generation concentrate across the wind belt — Oregon, Oklahoma, North Dakota, and Illinois — where consistent wind resource supports large installed capacity.

OregonOklahomaNorth DakotaIllinois

U.S. Census Bureau — 2022 County Business Patterns (employment by state), NAICS 221115. Concentration shown by location quotient.

M&A deal context

Deal activityModerate

Who’s acquiring

  • Wind developers & IPPs
  • Infrastructure funds & asset owners
  • Offshore-wind & energy majors

What’s driving deals

  • IRA credits and clean-power demand.
  • Developer and asset consolidation.
  • Offshore-wind build-out (with cost challenges).

Find Wind Farm Operations & Maintenance acquisition targets

Search Acquisera’s index for companies classified under Wind Farm Operations & Maintenance (7.8.10.3) and build a targeted deal pipeline.

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