American Wind Energy Association. U.S. Wind Industry Third Quarter 2014 Market Report

Transcription

1 American Wind Energy Association U.S. Wind Industry Third Quarter 2014 Market Report A product of AWEA Data Services Released October 20, 2014 The American wind energy industry installed 1,254 megawatts (MW) during the first three quarters of 2014, more than the industry installed during the entire year in The U.S. now has an installed wind capacity of 62,300 MW. There are over 13,600 MW of wind currently under construction.

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 10 Market Breakdown: Turbine Activity 11 Utility-Scale Wind Projects Completed in Map of Wind Power Projects Completed or Under Construction in Wind Power Projects Under Construction 14 New Power Purchase Agreements 19 Map of Power Purchase Agreements 20 American Wind Energy Association U.S. Wind Industry Third Quarter 2014 Market Report AWEA Public Version 2

3 Key Takeaways 2014 Wind Project Installations During the third quarter of 2014, the U.S. wind industry installed 233 turbines, totaling 419 megawatts (MW). These turbines were installed across 5 projects in 4 different states. The most wind capacity was installed in Texas (289 MW), followed by Nebraska (77 MW), Michigan (51 MW) and California (2 MW). Through the third quarter the U.S. wind industry has installed 1,254 MW and 711 turbines. This is more than the wind industry installed during all of 2013, but still lags behind installation numbers from recent years. There are now 62,300 MW of installed wind capacity in the United States and over 46,400 wind turbines. Wind Power Construction Activity At the end of September 2014, wind project developers reported more than 13,600 MW of wind capacity under construction across 105 projects in 21 states. The majority of wind construction activity continues to be focused within Texas (>7,600 MW). There are over 1,170 MW under construction in Oklahoma, over 1,050 MW under construction in Iowa, over 780 MW under construction in North Dakota, and over 670 MW under construction in Kansas. Wind Power Purchase Agreements and Corporate Purchasers Utilities continue signing power purchase agreements (PPAs) for wind power into Over 1,600 MW of new wind PPAs have been announced during 2014, building on the roughly 8,000 MW of power purchase agreements signed during Among the 9,600 MW of PPAs announced during , approximately 3,700 MW have not yet started physical construction. Corporate purchasers continue to invest in wind energy. Yahoo! and Walmart have signed PPAs for projects in Kansas and Texas respectively, joining investments from Google, Microsoft, Ikea and Mars earlier in American Wind Energy Association U.S. Wind Industry Third Quarter 2014 Market Report AWEA Public Version 3

4 U.S. Annual and Cumulative Wind Power Capacity Growth 70,000 Cumulative Capacity 60,000 Annual Capacity Installations 1Q Capacity Installations 60,012 61,110 62,300 2Q Capacity Installations 50,000 3Q Capacity Installations 46,930 4Q Capacity Installations Wind Power Capacity (MW) 40,000 30,000 25,065 35,068 40,283 20,000 16,702 11, ,147 4,557 6,222 6,619 8, 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 Third Quarter 2014 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 5,832 OR 3,153 WA 2,808 NV 152 HI 206 ID 973 AZ 238 UT 325 MT 665 WY 1,410 CO 2,332 NM 797 ND 1,681 SD 783 NE 812 KS 2,967 TX 12,976 OK 3,134 MN 3,035 IA 5,177 MO 459 AR LA WI 648 MI 1,350 IL IN 3,568 1,544 MS AL KY TN 29 OH 435 PR 125 GA WV 583 SC FL PA 1,340 VA NC VT 119 NY 1,732 ME 431 NH 171 MA 107 RI 9 CT NJ 9 DE 2 MD 120 American Wind Energy Association U.S. Wind Industry Third Quarter 2014 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 4,105 3,080 4,114 3,298 3,446 2,000 1, ,621 1,306 1, ,221 1, ,118 1,050 1, ,837 1,695 1, , American Wind Energy Association U.S. Wind Industry Third Quarter 2014 Market Report AWEA Public Version 6

7 U.S. Wind Power Capacity Installations, Top States 1 Texas 2 California 3 Iowa 4 Illinois 5 Oregon 6 Oklahoma 7 Minnesota 8 Kansas 9 Washington 10 Colorado 11 New York 12 North Dakota 13 Indiana 14 Wyoming 15 Michigan 16 Pennsylvania Through Q Q Q Q ,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 Wind Power Capacity Additions during the Third Quarter 2014 State Capacity, MW Texas 289 Nebraska 77 Michigan 51 California 2 American Wind Energy Association U.S. Wind Industry Third Quarter 2014 Market Report AWEA Public Version 7

8 Wind Power Capacity Under Construction 15,000 14,000 13,000 12,000 11,000 10,000 New Under Construction in Quarter All Under Construction in Quarter Completed Capacity in Quarter The third quarter of 2014 saw a slight decrease in under construction figures from the record breaking 14,600 MW verified during the second quarter. This decrease is the result of projects coming online, but also the removal of several projects. The third quarter did bring a slow down in new construction starts with less than 400 MW starting physical construction. These projects are presumed to have taken steps to qualify for the PTC through safe harbor. This record-breaking under construction activity is the result of the 2013 PTC extension and historically low wind prices. Wind Power Capacity (MW) 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1, Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q14 1Q14 2Q14 3Q14 American Wind Energy Association U.S. Wind Industry Third Quarter 2014 Market Report AWEA Public Version 8

9 Map of Wind Power Capacity Under Construction 5,000+ MW 1,000-4,999 MW MW MW MW No construction confirmed by AWEA Over 55% of the wind capacity currently reported as under construction is located within Texas. Approximately 20% of the under construction activity is located in the Midwest, from North and South Dakota to Iowa, Illinois and Michigan. The Plains states, Oklahoma, Kansas, and Nebraska are benefiting from 14% of the under construction activity. Nearly 5% of wind project construction activity is concentrated in the Mountain West region, which AWEA defines as Arizona and New Mexico, north to Colorado, Utah and Wyoming. American Wind Energy Association U.S. Wind Industry Third Quarter 2014 Market Report AWEA Public Version 9

10 Utility-Scale Wind Projects Completed in 2014 State Project Name First Quarter 2014 Project Capacity, MW Turbine OEM Turbine Model Project Developer Project Owner Power Purchaser MA LWSC Wind Turbine 0.60 RRB Energy PS-600 Lynn Water & Sewer Commission Lynn Water & Sewer Commission Lynn Water & Sewer Commission MI Echo Wind Park GE Energy Detroit Edison Detroit Edison Detroit Edison MI Pheasant Run II GE Energy NextEra Energy Resources NextEra Energy Resources Detroit Edison MN Lakewinds GE Energy PRC/WWV Rockland Capital, LLC Undisclosed PPA NM Brahms Wind Vestas V82 V82 BayWa r.e. Wind, LLC BayWa r.e. Wind, LLC Western Farmers Electric Coop NY Orangeville Wind 9.72 GE Energy Invenergy Invenergy Quasi-Merchant (NYSERDA) OH Erie Industrial Park 0.90 PowerWind PS-600 SUREnergy SUREnergy TX Reese 2.00 Gamesa G Gamesa Gamesa Second Quarter 2014 MT Fairfield Wind Farm GE Energy , Foundation Windpower Foundation Windpower NorthWestern Energy MT Two Dot 9.72 GE Energy OwnEnergy NJR Clean Energy Ventures NorthWestern Energy NE Prairie Breeze GE Energy Invenergy Invenergy Omaha Public Power District TX Goldthwaite 7.50 GE Energy Invenergy Invenergy Merchant (ERCOT) TX Panhandle Wind GE Energy Pattern Energy Group LP Pattern Energy Group LP Merchant Hedge (Citigroup) TX Pantex Renewable Energy Project Siemens SWT Siemens Siemens NNSA & Pantex Third Quarter 2014 CA Golden Acorn Casino 1.85 GE Energy Foundation Windpower Foundation Windpower Golden Acorn Casino MI Echo Wind Park GE Energy Detroit Edison Detroit Edison Detroit Edison NE Broken Bow II GE Energy Sempra U.S. Gas & Power Sempra U.S. Gas & Power NPPD NE Valentine 1.85 GE Energy Bluestem Energy Solutions Bluestem Energy Solutions City of Valentine TX Miami GE Energy Invenergy Invenergy Merchant (ERCOT) American Wind Energy Association U.S. Wind Industry Third Quarter 2014 Market Report AWEA Public Version 10

11 Map of Projects Online & Under Construction in 2014 Projects Online 1Q 2014 Projects Online 2Q 2014 Projects Online 3Q 2014 Projects Under Construction as of 3Q 2014 WA MT ND ME OR ID SD MN WI MI NY VT NH MA WY NE PA RI CT NV IA OH NJ UT CO IL IN WV MD DE CA KS MO KY VA NC TN AZ NM OK AR SC MS AL GA TX LA FL American Wind Energy Association U.S. Wind Industry Third Quarter 2014 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 Third Quarter 2014 Market Report can be accessed at Please contacts with any corrections or questions American Wind Energy Association U.S. Wind Industry Third Quarter 2014 Market Report AWEA Public Version 12