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November 19, 2021

Maverick Creek Wind Project, US

By Carmen

Maverick Creek Wind Project is a 492MW onshore wind power project. It is located in Utah, the US. The project is currently active. It has been developed in single phase. The project construction commenced in 2019 and subsequently entered into commercial operation in August 2021.

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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 492 492 Active Utah, the US Liberty Power; Roaring Fork Wind

Description

The project was developed by Liberty Power and Roaring Fork Wind. The project is currently owned by Algonquin Power & Utilities with a stake of 100%.

The project generates 1,920,000MWh electricity and supplies enough clean energy to power 200,000 households, offsetting 300,000t of carbon dioxide emissions (CO2) a year. The project cost is $851.16m.

The wind power project consists of 127 turbines.

Development Status

The project is currently active. The project construction commenced in 2019 and subsequently entered into commercial operation in August 2021.

Power Purchase Agreement

General Mills Operations and Kimberly-Clark are the power offtakers from the project.

About Liberty Power

Liberty Power Corp (LPC) is a power company that distributes electricity. The company supplies electricity and offers energy related services. Its services include billing, online bill payment, outage reporting, and others. LPC provides education services to its customers about the ability to choose an energy supplier. The company also offers emergency services in some regions. It provides various rates and plans for residential, small to-medium-sized businesses and industrial companies. The company has operations in Connecticut, Maryland, Massachusetts, District of Columbia, Illinois, Texas, New Jersey, New York, Ohio and Pennsylvania. It serves residential, small and medium sized businesses and large industrial consumers. LPC is headquartered in Fort Lauderdale, Florida, 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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