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Xcel Energy Submits IRP to Provide Path to Achieve 100 Percent Carbon-free Energy by 2050

LCG, July 9, 2019--Northern States Power Company, doing business as Xcel Energy, submitted its 2020-2034 Upper Midwest Integrated Resource Plan (IRP) to the Minnesota Public Utilities Commission on July 1. Xcel Energy (Xcel) states that the IRP "charts the path toward achieving some of the most ambitious carbon reduction goals of any utility in the U.S. Specifically - we aim to reduce carbon emissions 80 percent by 2030, and provide 100 percent carbon-free energy by 2050."

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Interest in Eastern Offshore Wind Projects Rising

LCG, July 5, 2019--Two bills were introduced in the U.S. Senate last week to extend the federal Investment Tax Credit (ITC) for offshore wind energy. Federal subsidies, together with offshore wind technology advances and states' plans to increase renewables, may spur rapid investments in offshore wind.

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Industry News

AWEA Issues Fourth Quarter 2018 Market Report

LCG, February 6, 2019--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Fourth Quarter 2018 Market Report. AWEA reports new wind turbine installations have added 5,944 MW of electric generating capacity during the fourth quarter, which results in year-to-date installations totaling 7,588 MW. The total installations represent an eight percent increase over 2017, but the total for 2018 falls short of total annual installations for 2015 and 2016. The total U.S. installed capacity is now 96,488 MW.

In addition to new capacity additions, developers completed 909 MW of partial repowerings in the fourth quarter, resulting in 1,237 MW of partial repowerings and 107 MW of full repowerings for the year.

At the end of 2018, AWEA reports there were 16,521 MW of wind capacity under construction and 18,574 MW in advanced development. The combined 35,095 MW is a decline from the recent high in the third quarter due to the large volume of projects entering commercial operation, but still represents a 22 percent year-over-year increase.

Wind capacity installations in Texas totaled 2,359 MW for the year; Iowa trailed well behind, with 1,120 MW installed, and Colorado finished third, with 600 MW installed. Other top states installing over 500 MW of wind capacity are: Oklahoma (576 MW), Nebraska (558 MW), Kansas (543 MW) and Illinois (529 MW).

Texas retains its number one ranking with respect to cumulative wind power installations, with 24,899 MW, followed by Iowa (8,422 MW) and Oklahoma (8,072 MW).

The top five owners of new wind capacity installed in 2018 are: NextEra Energy Resources (1,406 MW), Berkshire Hathaway Energy (1,329 MW), Enel Green Power North America (802 MW), Xcel Energy (600 MW) and EDP Renewables North America (317 MW).

In 2018 GE Renewable Energy captured 40 percent of U.S. wind turbine capacity installations, followed by Vestas (38 percent), Nordex USA (11 percent) and Siemens Gamesa Renewable Energy (eight percent) of installations. The majority of turbines commissioned last year have a nameplate capacity between 2 MW and 3 MW, while nearly a quarter of projects used turbines rated 3 MW and above.
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