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 2013. The U.S. now has an installed wind capacity of 62,300 MW. There are over 13,600 MW of wind currently under construction.

American Wind Energy Association | U.S. Wind Industry Third Quarter 2014 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 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 2014 12

Map of Wind Power Projects Completed or Under Construction in 2014 13

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 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 2014. 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 2013.

• Among the 9,600 MW of PPAs announced during 2013-2014, 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 2013-14.

American Wind Energy Association | U.S. Wind Industry Third Quarter 2014 Market Report | AWEA Public Version 4

0

10000

20,000

30,000

40,000

50,000

60,000

70,000

20142013201220112010200920082007200620052004200320022001

Cumulative Capacity

Annual Capacity Installations

1Q Capacity Installations

2Q Capacity Installations

3Q Capacity Installations

4Q Capacity Installations

4,147 4,5576,222 6,619

8,993

11,450

16,702

25,065

35,068

40,283

46,930

60,012

Win

d Po

wer

Cap

acity

(MW

)

61,11062,300

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

American Wind Energy Association | U.S. Wind Industry Third Quarter 2014 Market Report | AWEA Public Version 5

RI 9CT

MA 107

HI206

ALMS

AR

LA

GA

KYVA

NC

SC

FL

NV152

MO459

IL3,568

IN1,544

WI648 MI

1,350

NY1,732

ME431

IA5,177

MN3,035

KS2,967

ND1,681

AZ238

CA5,832

CO2,332

DE 2

ID973

MD 120

MT665

NE812

NH 171

NJ 9

NM797

SD783

OH435

OK3,134

PA1,340

TN 29

TX12,976

UT325

VT 119

OR3,153

WA2,808

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

U.S. Wind Power Capacity Installations, by State

American Wind Energy Association | U.S. Wind Industry Third Quarter 2014 Market Report | AWEA Public Version 6

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

2014201320122011201020092008

Win

d Po

wer

Cap

acity

(MW

)

1,621

1,3061,331

4,105

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

American Wind Energy Association | U.S. Wind Industry Third Quarter 2014 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

16 Pennsylvania

15 Michigan

14 Wyoming

13 Indiana

12 North Dakota

11 New York

10 Colorado

9 Washington

8 Kansas

7 Minnesota

6 Oklahoma

5 Oregon

4 Illinois

3 Iowa

2 California

1 Texas

Through 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014

State Capacity, MWTexas 289Nebraska 77Michigan 51California 2

Wind Power Capacity Additions during the Third Quarter 2014

U.S. Wind Power Capacity Installations, Top States

American Wind Energy Association | U.S. Wind Industry Third Quarter 2014 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

3Q142Q141Q144Q143Q132Q131Q134Q123Q122Q121Q124Q113Q112Q111Q114Q103Q102Q101Q104Q093Q092Q091Q09

Win

d P

ower

Cap

acit

y (M

W)

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.

American Wind Energy Association | U.S. Wind Industry Third Quarter 2014 Market Report | AWEA Public Version 9

Map of Wind Power Capacity Under Construction

5,000+ MW1,000-4,999 MW

500-999 MW

250-499 MW

1-249 MWNo 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 10

State Project Name

Project Capacity, MW

Turbine OEM

Turbine Model Project Developer Project Owner Power Purchaser

First Quarter 2014

MA LWSC Wind Turbine 0.60 RRB Energy PS-600 Lynn Water & Sewer Commis-sion

Lynn Water & Sewer Commis-sion

Lynn Water & Sewer Commis-sion

MI Echo Wind Park 60.80 GE Energy 1.7-100 Detroit Edison Detroit Edison Detroit Edison

MI Pheasant Run II 74.80 GE Energy 1.7-100 NextEra Energy Resources NextEra Energy Resources Detroit Edison

MN Lakewinds 48.00 GE Energy 1.7-100 PRC/WWV Rockland Capital, LLC Undisclosed PPA

NM Brahms Wind 18.80 Vestas V82 V82 BayWa r.e. Wind, LLC BayWa r.e. Wind, LLC Western Farmers Electric Coop

NY Orangeville Wind 9.72 GE Energy 1.6-100 Invenergy Invenergy Quasi-Merchant (NYSERDA)

OH Erie Industrial Park 0.90 PowerWind PS-600 SUREnergy SUREnergy

TX Reese 2.00 Gamesa G114-2.0 Gamesa Gamesa

Second Quarter 2014

MT Fairfield Wind Farm 10.00 GE Energy 1.6-100, 1.7-100 Foundation Windpower Foundation Windpower NorthWestern Energy

MT Two Dot 9.72 GE Energy 1.62-87 OwnEnergy NJR Clean Energy Ventures NorthWestern Energy

NE Prairie Breeze 200.60 GE Energy 1.7-100 Invenergy Invenergy Omaha Public Power District

TX Goldthwaite 7.50 GE Energy 2.5-120 Invenergy Invenergy Merchant (ERCOT)

TX Panhandle Wind 1 218.30 GE Energy 1.85-87 Pattern Energy Group LP Pattern Energy Group LP Merchant Hedge (Citigroup)

TX Pantex Renewable Energy Project 11.50 Siemens SWT-2.3-101 Siemens Siemens NNSA & Pantex

Third Quarter 2014

CA Golden Acorn Casino 1.85 GE Energy 1.85-82.5 Foundation Windpower Foundation Windpower Golden Acorn Casino

MI Echo Wind Park 51.20 GE Energy 1.6-100 Detroit Edison Detroit Edison Detroit Edison

NE Broken Bow II 75.00 GE Energy 1.7-100 Sempra U.S. Gas & Power Sempra U.S. Gas & Power NPPD

NE Valentine 1.85 GE Energy 1.85-87 Bluestem Energy Solutions Bluestem Energy Solutions City of Valentine

TX Miami 288.60 GE Energy 1.85-87 Invenergy Invenergy Merchant (ERCOT)

Utility-Scale Wind Projects Completed in 2014

American Wind Energy Association | U.S. Wind Industry Third Quarter 2014 Market Report | AWEA Public Version 11

TX

MT

CA

ID

NV

AZ

OR

IL

WY

SD

KSCO

UT

NM

IA

MN

ND

NE

WI

WA

OK

FL

MI NY

MO

PA

AL

AR

IN

GA

LA

KY

NC

VA

TN

MS

OH

ME

SC

WV

VTNH

CT

NJ

MD

MA

DE

RI

Projects Online 1Q 2014 Projects Under Construction as of 3Q 2014Projects Online 2Q 2014 Projects Online 3Q 2014

Map of Projects Online & Under Construction in 2014

American Wind Energy Association | U.S. Wind Industry Third Quarter 2014 Market Report | AWEA Public Version 12

For more information on AWEA market analysis, please visit www.awea.org/marketreports 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

www.awea.org/3Q2014

Please contacts stats@awea.org with any corrections or questions