Abstract
Building off sharp growth in 2007-2008, US wind power development in 2009 has
been impacted dramatically by the current economic climate- and US wind
players must readjust their strategies in the wake of this new competitive
environment. The US wind power industry finished 2008 at a record pace with
8,546 MW of new wind plant added, led by Texas, Iowa, New York, Kansas, and
Wyoming. EER forecasts a sharp decline in 2009, but a rebound in 2010 and
growth of 12 GW per year on average from 2010-2020 to supply nearly 14% of
total US power demand.
EER' s new study, US Wind Power Markets and Strategies, 2009- 2020,
provides critical strategic and tactical support for those seeking to stay
competitive in these challenging economic times.
Following are just a few of the key trends addressed in EER' s newest US wind power market study:
- Financial crisis stalls near-term US wind project construction schedule:
Lack of sufficient project debt and tax equity finance is pushing back a
substantial portion of the new wind activity originally planned for 2009.
While utility-backed wind projects remain largely on track, newer entrants
that rely on third-party debt are scrambling to secure the necessary capital
to keep their build schedules intact. Market consolidation is expected with
M&A opportunities for those companies with strong balance sheets and tax
equity appetites.
- Portfolio of new policies: Federal stimulus package, looming national RPS
to drive US wind growth: Recent passage of the US stimulus bill and its
various incentives for wind power, combined with continued growth in state RPS
mandates, are laying the foundation for a strong recovery in the US wind
market once financial liquidity returns. Prospects of a federal RPS by 2010
and US federal greenhouse gas legislation by 2012 will add to medium-term
momentum.
- Longer-term US wind development potential to be dictated by transmission
policy: Inadequate and aging transmission infrastructure hampers the delivery
of wind power from wind resource-rich regions to population centers with
growing clean energy demand. Most large-scale, wide-related transmission
projects are not scheduled for completion until after 2015. The extent to
which US inter-state transmission infrastructure is upgraded in the next
decade - where the Obama administration sees a strong federal role -- will
determine the pace of US wind growth in the midto long-term.
STUDY HIGHLIGHTS
- US Wind Energy Market Incentives and Challenges
- PTC, ITC, Treasury Grant, State and Federal RPS, Greenhouse Gas Policy
Developments
- Wind Cost-of-Energy vs. Other Power Technologies
- Project Finance Environment, Transmission Infrastructure
- Extensive State-by-State Analysis
- Competitive Analysis of Wind Project Development and Ownership
- Value Chain Shifts and Strategies
- Wind Power Project Pipeline Analysis
- Wind IPP and O&M Strategies
- Strategy Profiles of US Utilities
- Utility Wind Power Portfolios and Rate-Based Wind Strategies
- Utility Competitive Advantage In Project Development
- Competitive Analysis of US Wind Turbine Markets
- Trends in Wind Turbine Markets and Technology
- Wind Turbine OEM Analysis
- Installations by Vendor and Product Segment
- Supply Chain Analysis
- Company Profiles: OEMs, Gearbox, Tower, Blade, and Bearings Suppliers
- US Wind Market Rankings
- Top 25 US Wind IPPs
- Top 30 State Market Maturity Curves
- Market Forecasts Through 2020
- Wind Power Capacity Market Forecasts by State
- Near-Term Growth Scenarios During Financial Crisis
- Offshore Market Potential
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