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New York Issues Offshore Wind Solicitation

LCG, November 9, 2018--The Governor of New York yesterday announced a solicitation for 800 MW or more of new offshore wind projects to supply renewable energy to New York to combat climate change. The New York State Energy Research and Development Authority (NYSERDA) issued the Request for Proposals (RFP), which is the first key step in New York's plan to install 2,400 MW of offshore wind projects by 2030.

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Xcel Energy to Acquire Mankato Energy Center from Southern Power

LCG, November 8, 2018--Xcel Energy and Southern Power, a subsidiary of Southern Company, earlier this week announced an agreement for Southern Power to sell the Mankato Energy Center to Xcel Energy for $650 million. The completion of the sale, subject to regulatory approval and other closing conditions, is expected to be mid-2019.

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Industry News

AWEA Issues Third Quarter 2018 Market Report

LCG, November 1, 2018--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Third Quarter 2018 Market Report. AWEA reports new wind turbine installations have added 612 MW of electric generating capacity during the third quarter, bringing year-to-date installations to a total of 1,644 MW. In addition to new capacity additions, developers completed 329 MW of partial repowerings across three projects in the third quarter.

The cumulative installed wind capacity in the U.S. now totals 90,550 MW, with over 54,000 wind turbines operating in 41 states plus Guam and Puerto Rico.

Year-to-date installations are down 43 percent compared to the first three quarters of 2017, but are roughly consistent with 2016 installation activity. However, total wind capacity under construction is up 51 percent year-over-year.

In the third quarter, Texas led the country with 216 MW of wind project installations, followed by Oklahoma (199 MW), and Ohio (108 MW). Texas continues to lead the U.S., with a total cumulative installed capacity of 23,421 MW. Oklahoma trails, with a total of 7,694 MW, followed by Iowa, with 7,312 MW. California (5,690 MW) and Kansas (5,110 MW) retain fourth and fifth place ranking.

AWEA estimates that the combined wind power capacity under construction (20,798 MW) and in advanced development (17,167 MW) is 37,965 MW, which represents a 28 percent year-over-year increase.

According to AWEA, GE Renewable Energy turbines represent 63 percent of the U.S. wind turbine market in the first three quarters of 2018, while Vestas represents 26 percent and Goldwind represents 10 percent. The majority of projects under construction or in advanced development will use turbines with a nameplate capacity between 2 MW and 3 MW, while about 30 percent of projects where turbines have been reported are using turbines rated 3 MW or larger.
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