Released April 30, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. project developers announced new power windfarms with a total capacity of 6,146 megawatts (MW) in the first quarter of 2019, bringing the construction and advanced development pipeline to a record 39,161 MW, the American Wind Energy Association (AWEA) announced last week.
Industrial Info is tracking more than $170 billion in U.S. wind project activity that is in various stages of development, including $26.75 billion worth that has a high probability of moving forward as planned.
Click the image at right for a graph showing high-probability windfarm project activity by the top 10 states.
Wind power developers are racing to begin construction of windfarms before the end of 2019, so owners can benefit from the Production Tax Credit, which is scheduled to cease by the end of the year. At an outlook conference earlier this year, Britt Burt, Industrial Info's vice president of Power Industry research, said: "The big question is, 'Will wind stand on its own, unsubsidized?' ... It remains to be seen whether wind will compete economically with natural gas when it has to stand on its own and the developers have to seek conventional financing to develop a project."
Of the total wind power project pipeline, 17,213 MW were under construction across 21 states at the end of the first quarter, according to the AWEA, a trade association for the industry.
Texas had the most wind power under construction with 6,528 MW. Industrial Info is currently tracking 12 wind power projects worth nearly $3.8 billion in the Lone Star State. Among them is NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) $495 million Torrecillas Wind Energy Center near Freer in Duval Country. The 300-MW windfarm has 120 2.5-MW General Electric turbine generators. Construction kicked off in mid-2018 and was planned for completion in the second quarter this year. For more information, see Industrial Info's project report.
A total of 841 MW of wind projects came online during the first quarter, elevating the country's total installed capacity to 97,223 MW. Iowa led in new capacity installations, according to the AWEA, with 536 MW brought online. Industrial Info tracked the completion of U.S. windfarm projects worth more than $1.3 billion in the first quarter, including Energias de Portugal S.A.'s (Lisbon, Portugal) $400 million Turtle Creek Windfarm near Saint Ansgar, Iowa. White Construction Company (Austin, Texas) was the engineering, procurement and construction provider for the project, which utilized 40 Vestas 3.6-MW wind turbines and 16 Vestas 3.45-MW wind turbines. For more information, see Industrial Info's project report.
The AWEA said the number of projects deploying more powerful and efficient wind turbines is growing. Nearly 30% of projects that have already selected a turbine model are deploying turbines with nameplate capacities of 3 MW or higher.
The first quarter also saw the second strongest volume of power purchase agreements (PPAs) since the AWEA began tracking procurement activity, with 2,717 MW of wind PPAs signed, according to the trade association. Utilities signed contracts totaling 2,694 MW.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Industrial Info is tracking more than $170 billion in U.S. wind project activity that is in various stages of development, including $26.75 billion worth that has a high probability of moving forward as planned.
Wind power developers are racing to begin construction of windfarms before the end of 2019, so owners can benefit from the Production Tax Credit, which is scheduled to cease by the end of the year. At an outlook conference earlier this year, Britt Burt, Industrial Info's vice president of Power Industry research, said: "The big question is, 'Will wind stand on its own, unsubsidized?' ... It remains to be seen whether wind will compete economically with natural gas when it has to stand on its own and the developers have to seek conventional financing to develop a project."
Of the total wind power project pipeline, 17,213 MW were under construction across 21 states at the end of the first quarter, according to the AWEA, a trade association for the industry.
Texas had the most wind power under construction with 6,528 MW. Industrial Info is currently tracking 12 wind power projects worth nearly $3.8 billion in the Lone Star State. Among them is NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) $495 million Torrecillas Wind Energy Center near Freer in Duval Country. The 300-MW windfarm has 120 2.5-MW General Electric turbine generators. Construction kicked off in mid-2018 and was planned for completion in the second quarter this year. For more information, see Industrial Info's project report.
A total of 841 MW of wind projects came online during the first quarter, elevating the country's total installed capacity to 97,223 MW. Iowa led in new capacity installations, according to the AWEA, with 536 MW brought online. Industrial Info tracked the completion of U.S. windfarm projects worth more than $1.3 billion in the first quarter, including Energias de Portugal S.A.'s (Lisbon, Portugal) $400 million Turtle Creek Windfarm near Saint Ansgar, Iowa. White Construction Company (Austin, Texas) was the engineering, procurement and construction provider for the project, which utilized 40 Vestas 3.6-MW wind turbines and 16 Vestas 3.45-MW wind turbines. For more information, see Industrial Info's project report.
The AWEA said the number of projects deploying more powerful and efficient wind turbines is growing. Nearly 30% of projects that have already selected a turbine model are deploying turbines with nameplate capacities of 3 MW or higher.
The first quarter also saw the second strongest volume of power purchase agreements (PPAs) since the AWEA began tracking procurement activity, with 2,717 MW of wind PPAs signed, according to the trade association. Utilities signed contracts totaling 2,694 MW.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
