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
Transcript of Renewable Energy Markets Conference 2012 U.S. Wind...
Renewable Energy Markets Conference 2012
U.S. Wind Industry Update
Elizabeth Salerno
American Wind Energy Association
September 25, 2012
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
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.
Wind Project Locations
4 Source: AWEA U.S. Wind Industry Second Quarter Market Report
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
Rotor Diameter and Hub Height of Turbines Installed in 2011
Source: AWEA U.S. Wind Industry Annual Market Report Year Ending 2011
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
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
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
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
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
Status of Power Offtake for New Wind Projects
12 Source: AWEA U.S. Wind Industry Second Quarter Market Report
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
• 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.
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Policy Update – Prodcution Tax Credit (PTC)
