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EIA Forecasts Continued Increase in U.S. Natural Gas Exports

LCG, August 10, 2017--The U.S. Energy Information Administration (EIA) released earlier this week its Short-Term Energy Outlook that forecasts the nation will export more natural gas than it imports in 2017 and throughout 2018. Furthermore, the EIA projects the U.S. will continue to be a net exporter beyond 2018 because of growing U.S. natural gas exports to Mexico, declining pipeline imports from Canada, and increasing exports of liquefied natural gas (LNG).

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New Legislation Proposed in U.S. Senate for Offshore Wind ITC

LCG, August 4, 2017--New legislation was introduced in the U.S. Senate to create an investment offshore wind tax credit of 30 percent for the first 3,000 MW of offshore wind facilities placed into service in the U.S. The legislation would amend the Internal Revenue Code of 1986 to provide the incentive to the generate electricity from offshore wind.

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Industry News

AWEA Reports Near Record Fourth Quarter Finish for U.S. Wind Projects in 2016

LCG, February 17, 2017--The American Wind Energy Association (AWEA) released its U.S. Wind Industry Fourth Quarter 2016 Market Report. The U.S. wind industry achieved its second strongest quarter on record, with 6,478 MW of wind capacity installed during the fourth quarter.

AWEA reports that 8,203 MW of new electric generating capacity was installed in 2016, which is slightly below the 8,598 MW installed in 2015. The U.S. annual capacity installation record of 13,000 MW was set 2012.

The cumulative installed capacity in the U.S. is now 82,183 MW, which is more than double the 40,283 MW of installed capacity at the end of 2010. With the completion of the 30 MW Block Island wind project off the coast of Rhode Island, the installed capacity of the U.S. now includes offshore wind.

The outlook for more wind turbine installations is positive, with AWEA estimating that there are now 10,432 MW under construction, plus 7,913 MW in advanced development, for a total of 18,344 MW of new wind capacity in the pipeline.

Texas continues to lead in both cumulative and installed wind capacity, with 20,321 MW installed, including 2,611 MW added in 2016. Trailing Texas, distant runner-ups in cumulative installed capacity are Iowa (6,917 MW), Oklahoma (6,645 MW) and California (5,662 MW).

AWEA's report highlights that GE Renewable Energy and Vestas captured a combined 85 percent of the U.S. wind turbine market during 2016, while Siemens captured another ten percent of the U.S. market.

AWEA noted the continuing trend of non-utility companies contracting for power from new wind farms. In 2016, non-utility entities accounted for a significant quantity of wind farm capacity contracts (1,574 MW).
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