Blue Ridge Wind Farm, US

Blue Ridge Wind Farm is a 250MW onshore wind power project. It is planned in Illinois, the US. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2021 and is expected to enter into commercial operation in 2024.

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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	Permitting	Illinois, the US	Blue Ridge Wind; Midwest Wind Energy

Description

The project is being developed by Blue Ridge Wind and Midwest Wind Energy. The project is currently owned by Blue Ridge Wind with a stake of 100%.

The project is expected to supply enough clean energy to power 58,000 households, to offset 555,000t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $240m.

Development Status

The project construction is expected to commence from 2021. Subsequent to that it will enter into commercial operation by 2024.

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.