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Covid-19 and ERCOT SARA Scenario Analysis of RESOURCE ADEQUACY June-December 2020

LCG May 25, 2020--LCG Consulting released a report of ERCOT market performance for the second half of 2020, using market simulations with LCG’s UPLAN Network Power Model.

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Covid-19 and ERCOT SARA Scenario Analysis of RESOURCE ADEQUACY June-December 2020

LCG May 25, 2020--LCG Consulting released a report of ERCOT market performance for the second half of 2020, using market simulations with LCG’s UPLAN Network Power Model.

Read more

Industry News

AWEA Reports Strong First Quarter for U.S. Wind Industry

LCG, May 1, 2020--The American Wind Energy Association (AWEA) reported that over 1,800 MW of wind power capacity was installed in the U.S. during the first quarter of 2020. AWEA also reports that construction commenced on 4,124 MW of wind power in the first quarter, with total construction activity estimated to be 24,690 MW. The total operating wind power capacity in the U.S. reached 107,443 MW, with nearly 60,000 wind turbines operating in 41 states and two U.S. territories.

The CEO of AWEA stated, “America’s largest source of renewable electricity is poised to build on its 50-state footprint of job creation and economic development and to continue bringing reliable, clean, and affordable electricity to communities across the country. While we continue working to mitigate the challenges of COVID-19, the wind industry is committed to investing in the U.S. economy and keeping the lights on for millions of Americans.”

In the first quarter of 2020, Texas led the country with 540 MW of new wind projects installed, followed by Iowa, Illinois, and South Dakota.

According to AWEA, first quarter total construction activity of 24,690 MW represents an 11 percent increase from the prior quarter. An additional 19,751 MW are in advanced development, including 8,296 MW of offshore wind. The near-term project pipeline now totals 44,441 MW, a 14 percent increase from one year ago. Federal waters now host 8,275 MW of the pipeline, followed by Texas with 7,060 MW, Wyoming with 4,599 MW, and Oklahoma at 3,485 MW.

In the first quarter of 2020, developers and corporate buyers announced their highest ever quarterly volume of new power purchase agreements (PPAs), at 2,859 MW. Utilities announced 1,719 MW of PPAs. Eversource Energy, National Grid, and Unitil also signed PPAs for a combined 804 MW of offshore capacity. Corporate customers announced 430 MW of wind PPAs in the first quarter, including the first ever wind purchases from Saint Gobain and Toyota Motors.

Wind turbine technology advancements, which can lower costs and enhance performance, were installed in the first quarter. The first 4 MW turbines in the U.S. started operations, with Vestas V150-4.2 machines installed at the Arbor Hill project in Iowa and the Timber Road IV project in Ohio. Over 4,800 MW of wind projects in development are planning to use 4 MW or larger turbines.

Offshore wind development recently gained momentum as well. The Virginia Clean Economy Act was signed by the Governor, and the Act states that the development of 5,200 MW of offshore wind by 2034 is in “the public interest.” Massachusetts utilities signed contracts for the 804 MW Mayflower Wind project and Maryland opened its second round of offshore wind applications, highlighting the continued demand for America’s world-class offshore wind resources.
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