American Wind Energy Association. U.S. Wind Industry Second Fourth Quarter Market Report

Transcription

1 American Wind Energy Association U.S. Wind Industry Second Fourth Quarter Market Report A product of AWEA Data Services Released January July 22, 28, 2015 The American wind energy industry installed 1,661 megawatts (MW) in the second quarter of 2015, a record for second quarter installations. The 1,994 In MW the installed fourth quarter in the first of 2014, two quarters the American of 2015 wind is more energy than industry double installed the capacity 3,600 megawatts installed in the (MW). first In half total of during The 2014, U.S. 4,854 now megawatts has an installed (MW) wind were capacity installed, of nearly 67,870 five MW times and over more 49,000 than the wind industry turbines. installed in The U.S. now has an installed wind capacity of 65,879 MW. There are over 13,600 MW of wind currently under construction, continuing There near-record are over levels 12,700 of construction MW of wind activity. currently Over under 800 construction, MW of new power with more purchase than 3,300 agreements MW of (PPA) power were purchase also signed agreements in the second signed quarter in of 2015.

2 Table of Contents Key Takeaways 3 U.S. Annual and Cumulative Wind Power Capacity Growth 4 U.S. Wind Power Capacity Installations, by State 5 U.S. Wind Power Capacity Installations, by Quarter 6 U.S. Wind Power Capacity Installations, Top States 7 Wind Power Capacity Under Construction 8 Map of Wind Power Capacity Under Construction 9 Power Offtake Status for Near-Term Projects Full Version Only Market Breakdown: Turbine Activity Full Version Only Utility-Scale Wind Projects Completed in Map of Projects Online & Under Construction in Wind Power Projects Under Construction Full Version Only New Power Purchase Agreements Full Version Only Map of Power Purchase Agreements Full Version Only American Wind Energy Association U.S. Wind Industry Second Quarter 2015 Market Report AWEA Public Version 2

3 Key Takeaways 2015 Wind Project Installations During the second quarter of 2015, the U.S. wind industry installed 845 turbines totaling 1,661 MW, a record for wind installations in the second quarter. These turbines were installed across 12 projects in five different states. The most capacity was installed in Texas (1,226 MW), followed by Oklahoma (150 MW), California (107 MW), Illinois (99 MW) and South Dakota (80 MW). For the year, the U.S. wind industry has installed 1,014 turbines, totaling 1,994 megawatts (MW). This total is more than double the 835 MW installed during the first half of 2014 but still falls short of historical installation trends. There are now 67,870 MW of installed wind capacity in the United States and over 49,000 wind turbines. Texas now has over 15,000 MW of installed capacity and California has over 6,000 MW. Wind Power Construction Activity Wind developers reported more than 2,200 MW of new construction activity in the second quarter of In total, there is currently more than 13,600 MW of wind capacity under construction across 101 projects in 24 states. These results continue the trend of near-record construction activity. Approximately 50% of all wind construction activity is currently focused in Texas (6,800 MW). There are over 1,400 MW under construction in Oklahoma, over 1,000 MW under construction in Kansas, nearly 680 MW under construction in Iowa, and over 530 MW under construction in North Dakota. Wind Power Purchase Agreements, Southeastern Investments and Corporate Purchasers Utilities and rural electric cooperatives signed over 800 MW of power purchase agreements (PPAs) for wind power in the second quarter of 2015, bringing total PPA contracts signed sine the beginning of 2013 to more than 12,000 MW. Among the 12,000 MW of PPAs announced since the beginning of 2013, approximately 3,000 MW are currently online and 4,400 MW have not yet started physical construction. Southeastern utilities continue to invest in wind energy. Gulf Power and the Arkansas Electric Cooperative Corp. both signed PPAs in the second quarter of 2015 for 180 MW and 108 MW, respectively, to import wind energy into their states. The 180 MW Gulf Power contract marks the first approved wind PPA for the state of Florida. The second quarter of 2015 saw the commissioning of two utility-scale wind projects with corporate purchaser investment. Both the 98 MW Hoopeston wind farm in Illinois owned by IKEA and the 211 MW Mesquite Creek wind farm in Texas invested in by Mars, Inc. are now online. American Wind Energy Association U.S. Wind Industry Second Quarter 2015 Market Report AWEA Public Version 3

4 U.S. Annual and Cumulative Wind Power Capacity Growth 70,000 Cumulative Capacity 65,877 67,870 60,000 Annual Capacity Installations 1Q Capacity Installations 60,012 61,110 2Q Capacity Installations 50,000 3Q Capacity Installations 46,930 Wind Power Capacity (MW) 40,000 30,000 4Q Capacity Installations 25,065 35,068 40,283 20,000 16,702 10,000 4,147 4,557 6,222 6,619 8,993 11, Note: Utility-scale wind capacity includes installations of wind turbines larger than 100-kW for the purpose of the AWEA U.S. Wind Industry Quarterly Market Reports. Annual capacity additions and cumulative capacity may not always add up due to decommissioned, uprated and repowered wind turbines. Wind capacity data for each year is continuously updated as information changes American Wind Energy Association U.S. Wind Industry Second Quarter 2015 Market Report AWEA Public Version 4

5 U.S. Wind Power Capacity Installations, by State AK 62 0 to 100 MW >100 MW to 1,000 MW >1,000 MW to 5,000 MW >5,000 MW to 10,000 MW >10,000 MW CA 6,018 OR 3,153 WA 3,075 NV 152 HI 206 ID 973 AZ 238 UT 327 MT 665 WY 1,410 CO 2,593 NM 812 ND 1,886 SD 882 NE 812 KS 2,967 TX 15,635 OK 3,932 MN 3,035 IA 5,708 MO 459 AR LA WI 648 MI 1,531 IL IN 3,667 1,745 MS AL KY TN 29 OH 435 PR 125 GA WV 583 SC FL PA 1,340 VA NC VT 119 NY 1,749 ME 440 NH 171 MA 107 RI 9 CT NJ 9 DE 2 MD 160 American Wind Energy Association U.S. Wind Industry Second Quarter 2015 Market Report AWEA Public Version 5

6 U.S. Wind Power Capacity Installations, by Quarter 9,000 8,000 7,000 1Q 2Q 3Q 4Q 8,385 6,000 Wind Power Capacity (MW) 5,000 4,000 3,000 3,080 4,114 3,298 3,446 3,600 2,000 1,589 1,695 1,837 1,661 1, , ,118 1,050 1, , , American Wind Energy Association U.S. Wind Industry Second Quarter 2015 Market Report AWEA Public Version 6

7 U.S. Wind Power Capacity Installations, Top States 1 Texas 2 California 3 Iowa 4 Oklahoma 5 Illinois 6 Oregon 7 Washington 8 Minnesota 9 Kansas 10 Colorado 11 North Dakota 12 New York 13 Indiana 14 Michigan 15 Wyoming 16 Pennsylvania Through Q Q 2014 With 1,226 MW installed in Texas during the second quarter of 2015, the state now has over 15,600 MW in installed capacity, more than twice the installed capacity in any other state. With 107 MW installed in the second quarter of 2015, California now has over 6,000 MW in installed capacity. Currenly, 16 states have over 1,000 MW installed. Given construction activity, Iowa is currently on pace to overtake California and become the second-ranked state in installed capacity by the end of ,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000 13,000 14,000 15,000 16,000 Wind Power Capacity Additions during the First Quarter 2015, Top States State Capacity, MW Texas 312 Iowa 20 New York 1 Wind Power Capacity Additions during the Second Quarter 2015, Top States State Capacity, MW Texas 1,226 Oklahoma 150 California 107 American Wind Energy Association U.S. Wind Industry Second Quarter 2015 Market Report AWEA Public Version 7

8 Wind Power Capacity Under Construction 15,000 14,000 13,000 12,000 11,000 New Under Construction in Quarter All Under Construction in Quarter Completed Capacity in Quarter The second quarter of 2015 saw over 2,200 MW in new construction announcements, bringing total under construction capacity to 13,600 MW.* These projects are presumed to have taken steps to qualify for the PTC through safe harbor or physical construction. These results mark the third highest construction numbers in U.S. history, with activity in 24 states. 10,000 Wind Power Capacity (MW) 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1, Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 *Projects reported as under construction by AWEA are subject to change. A number of projects previously reported as under construction are no longer considered under construction, resulting in the observed drop in total under construction capacity. American Wind Energy Association U.S. Wind Industry Second Quarter 2015 Market Report AWEA Public Version 8 2Q15

9 Map of Wind Power Capacity Under Construction Current Construction Activity 1,000+ MW MW MW MW No construction confirmed by AWEA More than 13,600 MW of construction activity is underway across 101 projects in 24 states. Approximately 50% of the construction activity is located within Texas (>6,800 MW). There is more wind capacity under construction in Texas than the total installed wind capacity of any other state. Over 19% of construction activity is being reported from the Plains states, from Nebraska to Oklahoma. An additional 17% of construction activity is located in the Midwest, from North and South Dakota to Indiana and Michigan. Oklahoma saw the largest amount of new construction announcements in the second quarter of 2015, with 697 MW reported by developers. American Wind Energy Association U.S. Wind Industry Second Quarter 2015 Market Report AWEA Public Version 9

10 Utility-Scale Wind Projects Completed in 2015 State Project Name First Quarter 2015 Project Capacity, MW Turbine OEM Turbine Model Project Developer Project Owner Power Purchaser IA Carroll Area Siemens SWT Own Energy NJR Clean Energy Ventures MidAmerican Energy NY New York State Thruway Authority 1.10 Vergnet GEV MP-R New York State Thruway Authority New York State Thruway Authority TX Baffin* Gamesa G Iberdrola Renewables Iberdrola Renewables Merchant (ERCOT) TX Keechi Vestas V RES Americas Enbridge Microsoft Second Quarter 2015 CA Rising Tree South Vestas V EDP Renewables North America LLC EDP Renewables North America LLC Southern California Edison CA San Gorgonio Farms Wind Farm 8.00 Refurbished Vestas V42 San Gorgonio Farms San Gorgonio Farms Southern California Edison IL Hoopeston Wind Vestas V Apex Clean Energy IKEA Merchant (ERCOT) IL Method Manufacturing Plant 0.60 Refurbished NEG Micon NM48 Rockwind Venture Partners Method Products Method Products OK Osage Wind GE Energy TradeWind Energy Enel Green Power North America Associated Electric Cooperative Inc. SD Beethoven Wind, LLC GE Energy BayWa r.e. Wind, LLC BayWa r.e. Wind, LLC NorthWestern Energy TX Green Pastures Acciona Windpower AW-3000/116 Pioneer Green Capital Dynamics Merchant Hedge Contract TX Jumbo Road GE Energy Lincoln Renewable Energy BHE Renewables Austin Energy TX Longhorn Vestas V EDF Renewable Energy; RES Americas EDF Renewable Energy; BlackRock Merchant (ERCOT) TX Los Vientos III Vestas V Duke Energy Duke Energy Austin Energy TX Mesquite Creek GE Energy BNB Renewables; Sumitomo Corporation of America Sumitomo Corporation of America Merchant (ERCOT) TX Stephens Ranch II GE Energy Wind Tex Energy and Mesa Power Starwood Energy Merchant (ERCOT) *The 202 MW Baffin wind project was not included in the AWEA U.S. Wind Industry First Quarter 2015 Market Report. American Wind Energy Association U.S. Wind Industry Second Quarter 2015 Market Report AWEA Public Version 10

11 Map of Projects Online & Under Construction in 2015 Projects Online 2014 Projects Online 1Q 2015 Projects Online 2Q 2015 Projects Under Construction as of 2Q 2015 WA MT ND ME OR ID MN VT NH SD WI NY MA CA NV UT WY CO NE KS IA MO IL IN MI KY OH WV PA MD VA RI CT NJ DE AZ NM OK AR TN SC NC MS AL GA TX LA FL American Wind Energy Association U.S. Wind Industry Second Quarter 2015 Market Report AWEA Public Version 11

12 For more information on AWEA market analysis, please visit where you can access older versions of the Quarterly Market Reports and see the latest Annual Market Report. The AWEA U.S. Wind Industry Second Quarter 2015 Market Report can be accessed at For a spreadsheet with underlying data or with any corrections, please contact Hannah Hunt at hhunt@awea.org American Wind Energy Association U.S. Wind Industry Second Quarter 2015 Market Report AWEA Public Version 12