June 19, 2020 Read More →

U.S. installs 2,617MW of wind power in first quarter, additional 13,383MW under construction

S&P Global Market Intelligence ($):

The U.S. in the first three months of 2020 added 2,617 MW of wind power capacity, a record amount for a first quarter of any year.

According to an analysis from S&P Global Market Intelligence, the U.S. now has 107,801 MW of total installed wind power capacity. That is a 75% increase from the first quarter of 2014, when the U.S. had 61,519 MW of wind power capacity.

Meanwhile, the project pipeline stands at 78,376 MW. That includes wind power projects in early development, advanced development or under construction, all scheduled to be completed by 2024.

Of that, 13,383 MW of capacity is in the construction phase. The COVID-19 pandemic, however, may cause some of those projects to be delayed or canceled. The American Wind Energy Association said in April that the pandemic has put at risk up to 25 GW of planned projects. Nevertheless, wind developers have expressed confidence that the industry can ride out the economic impact of the pandemic.

Oklahoma has the largest pipeline of projects under construction of any state, with projects totaling 2,391 MW of capacity being built. The largest is Invenergy LLC’s 999-MW Traverse Wind Energy Center, in Custer County, Okla., scheduled to come online in December 2021. American Electric Power Co. Inc. in May said it would invest $2 billion in wind farms in Oklahoma, including the Traverse project.

Texas closely follows, with projects totaling 2,318 MW of capacity under construction. The state’s largest project under construction is FGE Power’s 500.4-MW Goodnight Wind Energy farm, in Armstrong County. The projected online date of the $900.7 million project is June 2021, according to S&P Global Market Intelligence data.

[Justin Horwath]

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