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November 24, 2021

Foard City Wind Project, US

By Carmen

Foard City Wind Project is a 350.28MW onshore wind power project. It is located in Texas, the US. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in September 2019.

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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
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Onshore 350.28 350.28 Active Texas, the US Innergex Renewable Energy

Description

The project is developed and owned by Innergex Renewable Energy. The company has a stake of 100%.

The project cost is $384.8m.

Development Status

The project is currently active. The project got commissioned in September 2019.

Power Purchase Agreement

Luminant Holding and PacifiCorp are the power offtakers from the project.

Contractors Involved

GE Renewable Energy was selected as the turbine supplier for the wind power project. The company provided 139 units of 2.X-127 turbines, each with 2.52MW nameplate capacity.

GE Renewable Energy is the O&M contractor for the wind power project for a period of 20 years.

About Innergex Renewable Energy

Innergex Renewable Energy Inc (Innergex) is an independent renewable power producer. It develops, acquires, owns and operates hydroelectric facilities, wind farms, and solar photovoltaic facilities through long-term power purchase agreements. The company sells electricity to publicly owned utilities or other creditworthy counterparties. Innergex analyzes potential sites and develops hydroelectric, wind and solar facilities up to the commissioning stage. Innergex manages a large portfolio of assets in which it has interests, which include hydroelectric facilities, wind farms, and solar farms, besides various projects under development stages. It owns and operates facilities in Canada, the US, France, and Chile. Innergex is headquartered in Longueuil, Quebec, Canada.

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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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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