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

Transcription

1 American Wind Energy Association American Wind Energy Association U.S. Wind Industry Second Quarter U.S. Wind Industry Fourth Quarter Market Report Market Report A product of AWEA Data Services A product of AWEA Data Services Released July 21, 2016 Released January 28, 2015 The U.S. wind industry installed 310 megawatts (MW) during the second quarter of 2016, bringing cumulative year-to-date installations to 830 MW. The U.S. now has an installed capacity of 74,821 MW. Acting on the five-year extension of the Production Tax Credit (PTC) at the end In the fourth quarter of 2014, the American wind energy of 2015, industry utilities installed announced 3,600 plans during the second quarter to develop and own megawatts (MW). In total during 2014, 4,854 megawatts up to (MW) 2,600 were MW installed, new wind project capacity. More than 1,800 MW of additional nearly five times more than the industry installed in power The purchase U.S. now agreements has an (PPA) were announced during the second quarter, installed wind capacity of 65,879 MW. with utilities signing 81% of the contracted capacity. There are over 12,700 MW of wind currently under construction, There are now with over more 12,450 than MW of wind power capacity under construction, with 3,300 MW of power purchase agreements signed in an additional 5,800 MW in advanced stages of development.

2 Table of Contents Key Takeaways 3 U.S. Annual and Cumulative Wind Power Capacity Growth 4 U.S. Wind Power Capacity Installations, by Quarter 5 U.S. Wind Power Capacity, by State 6 U.S. Wind Power Capacity, Top States 7 Wind Power Capacity Under Construction 8 Map of Wind Power Capacity Under Construction Wind Power Capacity in Advanced Development Power Offtake Status Power Purchase Agreement Activity Project Acquisition Activity Market Share for Turbine Manufacturers Utility-Scale Wind Projects Completed during Map of Projects Online & Under Construction during Wind Power Projects Under Construction New Power Purchase Agreements New Project Acquisition Activity Electric Utility Requests for Proposals (RFPs) American Wind Energy Association U.S. Wind Industry Second Quarter 2016 Market Report AWEA Public Version 2

3 Key Takeaways 2016 Wind Project Installations The U.S. wind industry installed 310 MW of wind power capacity during the second quarter of 2016, bringing cumulative year-todate installations to 830 MW. The industry installed 169 wind turbines across four states during the second quarter. Texas led the country with 200 MW of wind capacity installed, followed by Kansas (72 MW), Nebraska (36 MW), and a single turbine installation in Iowa. There are now 74,821 MW of installed wind capacity in the United States, with more than 49,000 wind turbines operating in 40 states, plus Guam and Puerto Rico. GE Renewable Energy, Siemens, and Vestas installed 99% of the 830 MW commissioned during the first half of Large Scale Utility Announcements and Construction Activity Following the multi-year PTC extension at the end of 2015, utilities announced plans during the second quarter to develop and own up to 2,600 MW in new wind project capacity. Announcements include both the 2,000 MW Wind XI project by MidAmerican Energy in Iowa, as well as the 600 MW Rush Creek project by Xcel Energy in Colorado. In total, developers reported more than 12,450 MW of wind capacity currently under construction, a 23% increase over the first quarter of 2016, with more than 3,000 MW in new construction announcements. Kansas led the nation with nearly 780 MW in new construction announcements during the second quarter. Texas continues to host the highest level of total construction activity. An additional 5,800 MW of wind capacity were reported in advanced stages of development during the second quarter, with more than 3,100 MW of new announcements. Strong Power Purchaser Activity More than 1,800 MW of PPAs were announced during the second quarter of 2016, the second highest volume of announcements since the beginning of Electric utilities and cooperatives emerged to sign 81% of the contracted capacity during the second quarter. Corporate and other emerging customers of wind, including Google Energy and Dow Chemical, announced the remaining capacity. AWEA Quarterly Reports now include a full list of electric utility requests for proposals (RFPs) issued during American Wind Energy Association U.S. Wind Industry Second Quarter 2016 Market Report AWEA Public Version 3

4 U.S. Annual and Cumulative Wind Power Capacity Growth 80,000 Cumulative Capacity 73,992 74,821 70,000 Annual Capacity Installations 1Q Capacity Installations 65,877 60,000 2Q Capacity Installations 60,012 61,110 3Q Capacity Installations Wind Power Capacity (MW) 50,000 40,000 30,000 4Q Capacity Installations 35,068 40,283 46,930 25,065 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 2016 Market Report AWEA Public Version 4

5 U.S. Wind Power Capacity Installations, by Quarter 9,000 8,000 7,000 1Q 2Q 3Q 4Q 8,385 4Q 3Q 6,000 2Q Wind Power Capacity (MW) 5,000 4,000 3,000 3,080 4,114 3,298 3,446 1Q 3,600 5,001 2,000 1,589 1,695 1,837 1,661 1,603 1, , ,118 1,050 1, , , American Wind Energy Association U.S. Wind Industry Second Quarter 2016 Market Report AWEA Public Version 5

6 U.S. Wind Power Capacity, by State AK 62 CA 5,662 OR 3,153 WA 3,075 NV 152 ID 973 UT 389 MT 665 WY 1,410 CO 2,965 ND 2,143 SD 977 NE 926 KS 3,836 MN 3,235 IA 6,365 MO 459 WI 648 MI 1,531 IL 3,842 IN 1,895 KY OH 444 WV 583 PA 1,340 VA VT 119 NY 1,749 ME 613 NH 185 MA 107 RI 9 CT 5 NJ 9 DE 2 MD 190 GU <1 HI 203 AZ 268 NM 1,112 TX 17,911 OK 5,453 AR LA MS TN 29 AL GA SC FL NC PR 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 American Wind Energy Association U.S. Wind Industry Second Quarter 2016 Market Report AWEA Public Version 6

7 U.S. Wind Power Capacity, Top States Texas 1 Iowa 2 California 3 Oklahoma 4 Illinois 5 Kansas 6 Minnesota 7 Oregon 8 Washington 9 Colorado 10 North Dakota 11 Indiana 12 New York 13 Michigan 14 Wyoming 15 Pennsylvania 16 New Mexico 17 Through Q Q 2016 Texas led the country during the second quarter with 200 MW of wind capacity installed, followed by Kansas (72 MW), Nebraska (36 MW), and a single turbine installation in Iowa. Given construction activity, Oklahoma and Kansas are both on pace to become the third- and fifth-ranked states in installed capacity by the end of 2016, respectively, overtaking California and Illinois. With 400 MW under construction, Nebraska is soon expected to be the 18th state to join the Gigawatt Club. 0 1,000 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 17,000 18,000 Top Five States with Wind Power Capacity Additions (MW) State 1Q Q Total Oklahoma Texas Iowa Kansas Utah American Wind Energy Association U.S. Wind Industry Second Quarter 2016 Market Report AWEA Public Version 7

8 Wind Power Capacity Under Construction 15,000 14,000 13,000 12,000 11,000 Project developers reported 3,002 MW in new construction announcements during the second quarter, with 12,462 MW of total reported construction activity. This represents a 23% increase over the 10,145 MW reported during the first quarter, moving closer to historic construction levels. Projects reported as under construction are presumed to have taken steps to qualify for the PTC through safe harbor or physical construction. 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 2Q15 3Q15 4Q15 1Q16 2Q16 New Under Construction End of Quarter All Under Construction End of Quarter American Wind Energy Association U.S. Wind Industry Second Quarter 2016 Market Report AWEA Public Version 8

9 Utility-Scale Wind Projects Completed during 2016 State Project Name Project Capacity (MW) Turbine OEM Turbine Model Project Developer Project Owner Power Purchaser First Quarter 2016 GU Guam Power Authority Wind Turbine 0.28 Vergnet GEV MP-C Guam Power Authority Guam Power Authority Guam Power Authority IA Adams Siemens SWT MidAmerican Energy MidAmerican Energy MidAmerican Energy NM Milo (of 49.50) Vestas V EDF Renewable Energy; Infinity Wind Power EDF Renewable Energy; BlackRock Merchant (SPP) OH Harpster Wind 1.50 Goldwind GW87/1500 One Energy LLC One Energy LLC AEP Ohio OK Grant Wind Siemens SWT Apex Clean Energy Southern Power ETEC (50.6 MW); NTEC (50.6 MW); Western Farmers Electric Cooperative (50.6 MW) OK Kingfisher Wind (of ) Vestas V Apex Clean Energy First Reserve Merchant Hedge Contract UT Latigo GE Renewable Energy Sustainable Power Group Sustainable Power Group PacifiCorp Second Quarter 2016 TX Colbeck s Corner GE Renewable Energy E.ON Climate & Renewables E.ON Climate & Renewables Undisclosed IA Green Energy Machine 1.79 GE Renewable Energy Greenfield Wind Power LLC Community Central Iowa Power Cooperative KS Marshall Wind Energy Vestas V NE Prairie Breeze III GE Renewable Energy BHE Renewables; RPM Access Wind Development BHE Renewables City of Independence (20 MW); KMEA (7 MW); Kansas Power Pool (25 MW); MJMEUC (20 MW) Invenergy Invenergy City of Grand Island American Wind Energy Association U.S. Wind Industry Second Quarter 2016 Market Report AWEA Public Version 9

10 Map of Projects Online & Under Construction during 2016 Projects Online 1Q 2016 Projects Online 2Q 2016 Projects Under Construction as of 2Q 2016 GU! CA OR WA NV ID UT AZ MT WY CO NM ND MN SD WI NE IA IL KS MO OK AR MS LA TX MI PA OH IN WV VA KY NC TN SC AL GA ME VT NH MA NY RI CT NJ DE MD AK HI FL American Wind Energy Association U.S. Wind Industry Second Quarter 2016 Market Report AWEA Public Version 10

11 For additional AWEA market analysis, please visit where you can download previous versions of the Quarterly Market Reports and the latest Annual Market Report. The AWEA U.S. Wind Industry Second Quarter 2016 Market Report can be accessed at Access the AWEA Market Database Pro at for a comprehensive database of all online and under construction wind projects, turbines, and active wind-related manufacturing facilities. 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 2016 Market Report AWEA Public Version 11