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November 29, 2021

Jumbo Road Wind Farm, US

By Carmen

Jumbo Road Wind Farm is a 299.7MW onshore wind power project. It is located in Texas, the US. The project is currently active. It has been developed in single phase. The project construction commenced in 2014 and subsequently entered into commercial operation in April 2015.

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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 299.7 299.7 Active Texas, the US Higher Power Energy; LIncoln Legacy

Description

The project was developed by Higher Power Energy and LIncoln Legacy. The project is currently owned by BHE Renewables.

The project cost is $408m.

Development Status

The project is currently active. The project construction commenced in 2014 and subsequently entered into commercial operation in April 2015.

Power Purchase Agreement

Austin Energy and LIncoln Legacy are the power offtakers from the project.

Contractors Involved

Blattner Energy was selected to render EPC services for the wind power project.

GE Renewable Energy was selected as the turbine supplier for the wind power project. The company provided 162 units of 1.85-87 turbines, each with 1.85MW nameplate capacity.

About Higher Power Energy

Higher Power Energy LLC (Higher Power) is a renewable energy company that identifies and completes utility scale wind projects. The company’s projects include Little Pringle, Baker Ranch, Hereford, Palo Duro, Haynes and Big Pringle. Its Little Pringle project is located in Hutchinson, Texas. Higher Power’s Baker Ranch project is situated in Weinert, Texas. The company serves a network of development partners, construction teams, turbine manufacturers and financial partners. It partners with farmers, ranchers, landowners and local governments. Higher Power is headquartered in Flower Mound, Texas, the US.

About LIncoln Legacy

Lincoln Legacy LLC (Lincoln Legacy) formerly Lincoln Clean Energy, LLC is a renewable energy company that develops solar and wind power projects from Greenfield concept through commercial operation. The company offers facets of power project development, and realizes value from the projects through the sale of constructed projects, and equity ownership and asset management. Lincoln Legacy’s projects include Oak Solar, Lone Valley 1, Lone Valley2, Hereford Wind, and Jumbo Road Wind. It operates through its projects in electricity markets such as Texas, California and New Jersey. The company has operations in North America and Europe. Lincoln Legacy is headquartered in Chicago, Illinois, 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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