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November 29, 2021

Gulf Wind, US

By Carmen

Gulf Wind is a 283.2MW 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 July 2009.

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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 283.2 283.2 Active Texas, the US Babcock & Brown Energy; Texas Gulf Wind

Description

The project was developed by Babcock & Brown Energy and Texas Gulf Wind . The project is currently owned by Pattern Energy Group with a stake of 100%.

The project supplies enough clean energy to power 80,000 households, offsetting 517,998t of carbon dioxide emissions (CO2) a year. The project cost is $676.282m.

Development Status

The project is currently active. The project got commissioned in July 2009.

Power Purchase Agreement

The power generated from the project is sold to Morgan Stanley Principal Investments under a power purchase agreement with a contracted capacity is 164.25MW.

Contractors Involved

Mitsubishi Heavy Industries was selected as the turbine supplier for the wind power project. The company provided 118 units of MWT92/2.4 turbines, each with 2.4MW nameplate capacity.

Duke Energy Renewables is the O&M contractor for the wind power project for a period of 3 years.

About Babcock & Brown Energy

Babcock & Brown Energy, Inc. (BBE) is an energy company. It is a unit of Babcock & Brown , Inc. (BBI). The company product portfolio includes oil and gas related activity within BBI, and contract management of third party oil and gas holdings, project screening for a number of separate entities, and direct investment in certain projects. It has affiliation with Denver’s Duncan Energy Company . BBE is headquartered in Broomfield, 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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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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