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November 29, 2021

Maverick Wind Project, US

By Carmen

Maverick Wind Project is a 287MW onshore wind power project. It is located in Oklahoma, the US. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in September 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.
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Onshore 287 287 Active Oklahoma, the US Invenergy; TradeWind Energy

Description

The project was developed by Invenergy and TradeWind Energy. The project is currently owned by Invenergy with a stake of 100%.

The project supplies enough clean energy to power 85,000 households. The project cost is $402m.

Development Status

The project is currently active. The project got commissioned in September 2021.

Contractors Involved

GE Renewable Energy was selected as the turbine supplier for the wind power project. The wind power project consists of 103 turbines.

Invenergy Services is the O&M contractor for the wind power project for a period of 10 years.

About Invenergy

Invenergy LLC (Invenergy) is a full-service energy solutions provider. The company invests, develops, constructs, owns, and operates renewable and other clean energy generation and storage facilities. The company captures, generates, and stores power from wind, solar, natural gas. Invenergy provides a range of technology and end-to-end energy solutions to corporations, utilities and other energy asset owners. Its services include asset management, energy management, and engineering and analysis, among others. It also offers on-site and performance inspections and maintenance services. The company operates through regional development offices in the US, Canada, Colombia, Mexico, Japan, Poland and Scotland. Invenergy is headquartered in Chicago, Illinois, the US.

About TradeWind Energy

TradeWind Energy Inc (TWE) engages in development of wind and solar energy projects. The company purchases physical output from a wind and solar energy project; and offers financial contract services and hedging against rising power costs. Its wind project portfolio include Smoky Hills Wind Project – Phase I, Smoky Hills Wind Project – Phase II, Caney River Wind Project, Rock Creek Wind Project, Cheyenne Ridge Wind Project and English Farms Wind Project, among others. TWE provides solar projects such as Birmingham Zoo, Decatur County and Creswell, among others. The company offers wind and solar projects for utilities, commercial and industrial, landowners and solar resources, among others. It also involves in financing for wind projects. TWE is headquartered in Lenexa, Kansas, 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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