Renewable Energy Markets Conference 2012 U.S. Wind...
Transcript of Renewable Energy Markets Conference 2012 U.S. Wind...
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Renewable Energy Markets Conference 2012
U.S. Wind Industry Update
Elizabeth Salerno
American Wind Energy Association
September 25, 2012
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U.S. Wind Capacity Installations
2 Source: AWEA U.S. Wind Industry Second Quarter Market Report
• Total U.S. wind capacity
installations stand at 49,802 MW at the end of 2Q 2012 – and 50,000 MW as of August
12.8 million homes 82 million tons of
CO2 or 14 million cars
30 billion gallons of water
• Average annual growth of 35% for the U.S. wind industry over the past five years
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Wind has captured 35% of all new generating capacity in America since 2007
Data Source: AWEA, EIA, SEIA, SNL
Percent of New Installed Capacity (in MW), 2007-2011
• New wind capacity represented 31% of all new capacity installed in 2011.
• All new renewable capacity
combined represented nearly 40% during 2011.
• Over the past 5 years combined, wind represented 35% of all new generating capacity installed.
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Wind Project Locations
4 Source: AWEA U.S. Wind Industry Second Quarter Market Report
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Wind Turbines Installed Each Year, by Manufacturer
Source: AWEA U.S. Wind Industry Annual Market Report Year Ending 2011 Source: AWEA U.S. Wind Industry Annual Market Report Year Ending 2011
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Rotor Diameter and Hub Height of Turbines Installed in 2011
Source: AWEA U.S. Wind Industry Annual Market Report Year Ending 2011
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Turbine Design Advancement Leads To Enormous Increase in Capacity Factors
2002-03
Standard Technology
2009-10 Standard Technology
Current: 2012-13 Standard Technology
15%
20%
25%
30%
35%
40%
45%
50%
5.5 6.0 6.5 7.0 7.5 8.0 8.5
Cap
acit
y Fa
cto
r
50m Wind-speed (m/s) air density = 1.225 kg/m3
Current: 2012-13 Low Wind-speed (100m Tower)
Current: 2012-13 Low Wind-speed (80m Tower)
Class 2 Class 3 Class 4 Class 5 Class 6
Source: LBNL and NREL. Recent Developments in the Levelized Cost of Energy from U.S. Wind Power Projects
50m Wind-speed
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Turbine Design Advancement Leads To Enormous Increase in Capacity Factors
2002-03
Standard Technology
2009-10 Standard Technology
Current: 2012-13 Standard Technology
15%
20%
25%
30%
35%
40%
45%
50%
5.5 6.0 6.5 7.0 7.5 8.0 8.5
Cap
acit
y Fa
cto
r
50m Wind-speed (m/s) air density = 1.225 kg/m3
Current: 2012-13 Low Wind-speed (100m Tower)
Current: 2012-13 Low Wind-speed (80m Tower)
Class 2 Class 3 Class 4 Class 5 Class 6
Source: LBNL and NREL. Recent Developments in the Levelized Cost of Energy from U.S. Wind Power Projects
50m Wind-speed
![Page 9: Renewable Energy Markets Conference 2012 U.S. Wind ...resource-solutions.org/images/events/rem/presentations/2012/SOM... · Source: AWEA U.S. Wind Industry Second Quarter Market Report](https://reader033.fdocuments.us/reader033/viewer/2022060518/604c6e6738920833d957734d/html5/thumbnails/9.jpg)
Turbine Design Advancement Leads To Enormous Increase in Capacity Factors
2002-03
Standard Technology
2009-10 Standard Technology
Current: 2012-13 Standard Technology
15%
20%
25%
30%
35%
40%
45%
50%
5.5 6.0 6.5 7.0 7.5 8.0 8.5
Cap
acit
y Fa
cto
r
50m Wind-speed (m/s) air density = 1.225 kg/m3
Current: 2012-13 Low Wind-speed (100m Tower)
Current: 2012-13 Low Wind-speed (80m Tower)
Class 2 Class 3 Class 4 Class 5 Class 6
Source: LBNL and NREL. Recent Developments in the Levelized Cost of Energy from U.S. Wind Power Projects
50m Wind-speed
![Page 10: Renewable Energy Markets Conference 2012 U.S. Wind ...resource-solutions.org/images/events/rem/presentations/2012/SOM... · Source: AWEA U.S. Wind Industry Second Quarter Market Report](https://reader033.fdocuments.us/reader033/viewer/2022060518/604c6e6738920833d957734d/html5/thumbnails/10.jpg)
Turbine Design Advancement Leads To Enormous Increase in Capacity Factors
2002-03
Standard Technology
2009-10 Standard Technology
Current: 2012-13 Standard Technology
15%
20%
25%
30%
35%
40%
45%
50%
5.5 6.0 6.5 7.0 7.5 8.0 8.5
Cap
acit
y Fa
cto
r
50m Wind-speed (m/s) air density = 1.225 kg/m3
Current: 2012-13 Low Wind-speed (100m Tower)
Current: 2012-13 Low Wind-speed (80m Tower)
Class 2 Class 3 Class 4 Class 5 Class 6
Source: LBNL and NREL. Recent Developments in the Levelized Cost of Energy from U.S. Wind Power Projects
50m Wind-speed
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Wind Project Activity, by Region
11 Source: AWEA U.S. Wind Industry Second Quarter Market Report
At the end of 2Q 2012, the U.S. had over
10,300 MW under construction
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Status of Power Offtake for New Wind Projects
12 Source: AWEA U.S. Wind Industry Second Quarter Market Report
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Improved Wind Technology Opens New Regions for Wind Development
Data Source: Energy Information Administration Chart Source: AWEA U.S. Wind Industry Annual Market Report Year Ending 2011
Southeast is now receiving low-cost
wind power through power
contracts in Louisiana &
Alabama
With improved wind technology
(taller towers, longer blades) there is project development activity now
occurring in new regions
During 2011, wind energy produced roughly 20% of the
Electricity generation in Iowa & South Dakota
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• The Production Tax Credit (PTC) for wind energy is set to expire at the end of 2012
• On August 2, 2012, the Senate Finance Committee passed a tax extenders package that included an extension of the renewable energy production tax credit (PTC) and investment tax credit (ITC) by a bipartisan margin of 19 – 5.
14
Policy Update – Prodcution Tax Credit (PTC)