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November 24, 2021

Bearkat Renewable Energy Project, US

By Carmen

Bearkat Renewable Energy Project is a 358.8MW onshore wind power project. It is located in Texas, the US. The project is currently active. It has been developed in multiple phases. Post completion of construction, the project got commissioned in December 2017.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Onshore 358.8 358.8 Active Texas, the US Tri Global Energy

Description

The project was developed by Tri Global Energy. Copenhagen Infrastructure Partners KS and Terna Energy are currently owning the project.

Development Status

The project is currently active. The project got commissioned in December 2017.

Power Purchase Agreement

Digital Realty Trust and Electric Reliability Council of Texas are the power offtakers from the project.

Contractors Involved

Black & McDonald was selected to render EPC services for the Bearkat Renewable Energy Project (Bearkat Renewable Energy Project I).

Vestas Wind Systems was selected as the turbine supplier for the wind power project. The project consists of 104 units of V126-3.45MW turbines, each with 3.45MW nameplate capacity.

Vestas Wind Systems is the O&M contractor for the Bearkat Renewable Energy Project (Bearkat Renewable Energy Project I). The operation and maintenance contract commenced from 2017, for a period of 20 years.

Vestas Wind Systems is the O&M contractor for the Bearkat Renewable Energy Project (Bearkat Renewable Energy Project II) for a period of 30 years.

About Tri Global Energy

Tri Global Energy LLC (Tri Global) is an alternative energy company that offers wind and solar projects development services. The company’s services include financing, developing, engineering, and constructing utility-scale wind projects and solar energy solutions. Its TGE solar offers photovoltaic solar electricity systems for utilities, schools and churches, corporations, and municipalities and residences and TGE wind offers project development, investment and deployment for project partners, landowners, stakeholders. Tri Global utilizes its proprietary business model, the wind force plan to enable wind projects achieve utility scale. The company collaborates with local governments, communities, corporations, and other partners to identify potential solar and wind energy projects. Tri Global is headquartered in Dallas, Texas, the US.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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Free Report
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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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