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November 30, 2021

Blooming Grove Wind Energy Center, US

By Carmen

Blooming Grove Wind Energy Center is a 250MW onshore wind power project. It is located in Illinois, the US. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in December 2020.

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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 250 250 Active Illinois, the US Invenergy; WEC Energy Group

Description

The project is developed and owned by Invenergy and WEC Energy Group. The company’s ownership stake in the project stands as 90% and 10% respectively.

The project supplies enough clean energy to power 69,000 households. The project cost is $389m.

The project has 88.6m high towers.

Development Status

The project is currently active. The project got commissioned in December 2020.

Power Purchase Agreement

The power generated from the project is sold to Saint-Gobain North America under a power purchase agreement for a period of 12 years. The contracted capacity is 120MW.

Contractors Involved

GE Renewable Energy was selected as the turbine supplier for the wind power project. The wind power project consists of 100 turbines.

Invenergy Services is the O&M contractor for the wind power project, commencing from the year 2020.

About Invenergy

Invenergy LLC (Invenergy) is a full-service energy solutions provider. The company invests, develops, constructs, owns, and operates renewable and other clean energy generation and storage facilities. The company captures, generates, and stores power from wind, solar, natural gas. Invenergy provides a range of technology and end-to-end energy solutions to corporations, utilities and other energy asset owners. Its services include asset management, energy management, and engineering and analysis, among others. It also offers on-site and performance inspections and maintenance services. The company operates through regional development offices in the US, Canada, Colombia, Mexico, Japan, Poland and Scotland. Invenergy is headquartered in Chicago, Illinois, the US.

About WEC Energy Group

WEC Energy Group Inc (WEC) is an energy holding company. It generates and distributes electricity and thermal energy and delivers natural gas. The company produces electric power using various sources like coal, natural gas, oil, hydro, solar, wind and biomass. WEC owns, maintains, monitors, and operates electric transmission systems; owns generating facilities and leases those to its group entities; provides natural gas storage and hub services for its sister companies; and owns underground natural gas storage facilities. It serves residential, commercial, community, government customers in Illinois, Wisconsin, Michigan, and Minnesota. WEC is headquartered in Milwaukee, Wisconsin, 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.

Related Companies

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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