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American Wind Energy Association U.S. Wind Industry Fourth Quarter 2014 Market Report A product of AWEA Data Services Released January 28, 2015 In the fourth quarter of 2014, the American wind energy industry installed 3,600 megawatts (MW). In total during 2014, 4,854 megawatts (MW) were installed, nearly five times more than the industry installed in 2013. The U.S. now has an installed wind capacity of 65,879 MW. There are over 12,700 MW of wind currently under construction, with more than 3,300 MW of power purchase agreements signed in 2014. American Wind Energy Association U.S. Wind Industry Second Quarter 2016 Market Report A product of AWEA Data Services Released July 21, 2016 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 of 2015, utilities announced plans during the second quarter to develop and own up to 2,600 MW in new wind project capacity. More than 1,800 MW of additional power purchase agreements (PPA) were announced during the second quarter, with utilities signing 81% of the contracted capacity. There are now over 12,450 MW of wind power capacity under construction, with an additional 5,800 MW in advanced stages of development.

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Page 1: American Wind Energy Association U.S. Wind Industry Second … AWEA... · 2016-08-19 · American Wind Energy Association U.S. Wind Industry Fourth Quarter 2014 Market Report A product

American Wind Energy Association

U.S. Wind Industry Fourth Quarter 2014 Market Report

A product of AWEA Data Services

Released January 28, 2015

In the fourth quarter of 2014, the American wind energy industry installed 3,600 megawatts (MW). In total during 2014, 4,854 megawatts (MW) were installed, nearly five times more than the industry installed in 2013. The U.S. now has an installed wind capacity of 65,879 MW.

There are over 12,700 MW of wind currently under construction, with more than 3,300 MW of power purchase agreements signed in 2014.

American Wind Energy Association

U.S. Wind Industry Second Quarter 2016 Market Report

A product of AWEA Data Services

Released July 21, 2016

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 of 2015, utilities announced plans during the second quarter to develop and own up to 2,600 MW in new wind project capacity. More than 1,800 MW of additional power purchase agreements (PPA) were announced during the second quarter, with utilities signing 81% of the contracted capacity.

There are now over 12,450 MW of wind power capacity under construction, with an additional 5,800 MW in advanced stages of development.

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American Wind Energy Association | U.S. Wind Industry Second Quarter 2016 Market Report | AWEA Public Version 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 Full Version Only

Wind Power Capacity in Advanced Development Full Version Only

Power Offtake Status Full Version Only

Power Purchase Agreement Activity Full Version Only

Project Acquisition Activity Full Version Only

Market Share for Turbine Manufacturers Full Version Only

Utility-Scale Wind Projects Completed during 2016 9

Map of Projects Online & Under Construction during 2016 10

Wind Power Projects Under Construction Full Version Only

New Power Purchase Agreements Full Version Only

New Project Acquisition Activity Full Version Only

Electric Utility Requests for Proposals (RFPs) Full Version Only

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American Wind Energy Association | U.S. Wind Industry Second Quarter 2016 Market Report | AWEA Public Version 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-to-date 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 2016.

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 2014.

• 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 2016.

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American Wind Energy Association | U.S. Wind Industry Second Quarter 2016 Market Report | AWEA Public Version 4

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.

U.S. Annual and Cumulative Wind Power Capacity Growth

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

2016201520142013201220112010200920082007200620052004200320022001

Cumulative Capacity

Annual Capacity Installations

1Q Capacity Installations

2Q Capacity Installations

3Q Capacity Installations

4Q Capacity Installations

4,147 4,5576,222 6,619

8,99311,450

16,702

25,065

35,068

40,283

46,930

60,012

Win

d Po

wer

Cap

acity

(MW

)

61,110

65,877

73,992

80,000

74,821

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American Wind Energy Association | U.S. Wind Industry Second Quarter 2016 Market Report | AWEA Public Version 5

U.S. Wind Power Capacity Installations, by Quarter

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

4Q

3Q

2Q

1Q

20162015201420132012201120102009

Win

d P

ow

er C

apac

ity

(MW

)

3,080

1,221

1,589

4,114

541704 673

3,298

1,1181,0501,205

3,446

1,695

1,211

1,837

8,385

2 0 70

1,016

217

1Q

2Q

3Q

4Q

619419

3,600

333

1,6611,603

5,001

520310

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American Wind Energy Association | U.S. Wind Industry Second Quarter 2016 Market Report | AWEA Public Version 6

RI 9CT 5

MA 107

HI203

ALMS

AR

LA

GA

KYVA

NC

SC

FL

NV152

MO459

IL3,842

IN1,895

WI648 MI

1,531

NY1,749

ME613

IA6,365

MN3,235

KS3,836

ND2,143

AZ268

CA5,662

CO2,965

DE 2

ID973

MD 190

MT665

NE926

NH 185

NJ 9

NM1,112

SD977

OH444

OK5,453

PA1,340

TN 29

TX17,911

UT389

VT 119

OR3,153

WA3,075

WV583

WY1,410

PR125

AK62

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

GU<1

U.S. Wind Power Capacity, by State

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American Wind Energy Association | U.S. Wind Industry Second Quarter 2016 Market Report | AWEA Public Version 7

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

New Mexico 17

Pennsylvania 16

Wyoming 15

Michigan 14

New York 13

Indiana 12

North Dakota 11

Colorado 10

Washington 9

Oregon 8

Minnesota 7

Kansas 6

Illinois 5

Oklahoma 4

California 3

Iowa 2

Texas 1

Through 2015

1Q 2016

16,000 17,000 18,000

2Q 2016

U.S. Wind Power Capacity, Top States

• 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.

State 1Q 2016 2Q 2016 2016 TotalOklahoma 270 0 270Texas 0 200 200Iowa 154 2 156Kansas 0 72 72Utah 62 0 62

Top Five States with Wind Power Capacity Additions (MW)

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American Wind Energy Association | U.S. Wind Industry Second Quarter 2016 Market Report | AWEA Public Version 8

Wind Power Capacity Under Construction

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

2Q161Q164Q153Q152Q151Q154Q143Q142Q141Q144Q133Q132Q131Q134Q123Q122Q121Q124Q113Q112Q111Q11

Win

d P

ow

er C

apac

ity

(MW

)

New Under Construction End of Quarter All Under Construction End of Quarter

• 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.

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American Wind Energy Association | U.S. Wind Industry Second Quarter 2016 Market Report | AWEA Public Version 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 154.30 Siemens SWT-2.3-108 MidAmerican Energy MidAmerican Energy MidAmerican Energy

NM Milo 31.65 (of 49.50) Vestas V100-2.0 EDF Renewable Energy;

Infinity Wind PowerEDF Renewable Energy; BlackRock Merchant (SPP)

OH Harpster Wind 1.50 Goldwind GW87/1500 One Energy LLC One Energy LLC AEP Ohio

OK Grant Wind 151.80 Siemens SWT-2.3-108 Apex Clean Energy Southern PowerETEC (50.6 MW); NTEC (50.6 MW); Western Farmers Electric Cooperative (50.6 MW)

OK Kingfisher Wind 118.00 (of 298.00) Vestas V100-2.0 Apex Clean Energy First Reserve Merchant Hedge Contract

UT Latigo 62.10 GE Renewable Energy 2.3-116 Sustainable Power Group Sustainable Power Group PacifiCorp

Second Quarter 2016

TX Colbeck’s Corner 200.48 GE Renewable Energy 1.7-100 E.ON Climate & Renewables E.ON Climate & Renewables Undisclosed

IA Green Energy Machine 1.79 GE Renewable Energy 1.7-100 Greenfield Wind Power LLC Community Central Iowa Power Cooperative

KS Marshall Wind Energy 72.00 Vestas V110-2.0 BHE Renewables; RPM Access Wind Development BHE Renewables

City of Independence (20 MW); KMEA (7 MW); Kansas Power Pool (25 MW); MJMEUC (20 MW)

NE Prairie Breeze III 36.00 GE Renewable Energy 1.7-100 Invenergy Invenergy City of Grand Island

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American Wind Energy Association | U.S. Wind Industry Second Quarter 2016 Market Report | AWEA Public Version 10

Map of Projects Online & Under Construction during 2016

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Projects Online 1Q 2016 Projects Under Construction as of 2Q 2016Projects Online 2Q 2016

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American Wind Energy Association | U.S. Wind Industry Second Quarter 2016 Market Report | AWEA Public Version 11

For additional AWEA market analysis, please visit www.awea.org/marketreports 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 www.awea.org/2Q2016.

Access the AWEA Market Database Pro at www.awea.org/database 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 [email protected].