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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

AWEA Issues Fourth Quarter 2019 Market Report

LCG, February 7, 2020--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Fourth Quarter 2019 Market Report. AWEA reports new wind turbine installations have added 5,476 MW of electric generating capacity during the fourth quarter, which results in 2019 installations totaling 9,143 MW. The total installations represent an increase over 2018, but the total for 2019 falls short of total annual installations for 2015 and 2016. In addition to new capacity additions, developers completed 2,500 MW of turbine repowerings for the year.

The total U.S. installed capacity is now 105,583 MW. AWEA estimates the near-term U.S. wind project pipeline totaled 44,153 MW at the end of 2019, including 22,115 MW under construction and 22,038 MW in advanced development.

According to AWEA, utilities contracted 5,266 MW of wind energy in 2019, the highest amount on record. In the fourth quarter, utilities signed contracts for 841 MW of wind capacity, while corporate customers signed contracts for 1,236 MW of wind capacity.

In 2019, AWEA reports that 55 projects were added across 19 states. Texas led wind capacity installations, which totaled 3,936 MW for the year and represents 43 percent of the wind capacity installed in the entire U.S. Iowa trailed with 1,737 MW installed, with is less than half that added in Texas. Other top states installing over 300 MW of wind capacity are: Illinois (541 MW), South Dakota (506 MW), Kansas (475 MW), and North Dakota (473 MW).

Texas retains its number one ranking with respect to cumulative wind power installations, with 28,843 MW, followed by Iowa (10,190 MW) and Oklahoma (8,172 MW).

The top five owners of new wind capacity installed in 2019 are: Berkshire Hathaway Energy (990 MW), NextEra Energy Resources (835 MW), Avangrid Renewables (752 MW), Xcel Energy (728 MW) and Enel Green Power North America (520 MW).

In 2019, AWEA states GE Renewable Energy again led U.S. wind turbine capacity installations, with 45 percent of new capacity installations. Vestas followed again in second (33 percent), with Siemens Gamesa Renewable Energy moving up to third (16 percent), while Nordex USA slipped to fourth (six percent) in capacity installations.

The capacity of new wind turbines continues to trend upward. The majority of turbines commissioned last year have a nameplate capacity between 3.1 MW and 3.6 MW, while 35 percent of projects used turbines rated 3 MW and above.
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