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  1. Market Data
November 23, 2021

NaiKun Wind Farm, Canada

By Carmen

NaiKun Wind Farm is a 2,000MW offshore wind power project. It is planned in Hecate Strait, British Columbia, Canada. The project is currently in permitting stage. It will be developed in multiple phases. Post completion of the construction, the project is expected to get commissioned in 2025.

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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
Offshore 2,000 2,000 Permitting British Columbia, Canada Northland Power

Description

The project is being developed and currently owned by Northland Power. The company has a stake of 100%.

The project is expected to supply enough clean energy to power 900,000 households. The project will be spread over an area of 550km².

Development Status

Post completion of the construction, the project is expected to get commissioned in 2025.

Contractors Involved

NaiKun Wind Farm (NaiKun Wind Farm Phase 1) will be equipped with Siemens Gamesa Renewable Energy SWT-4.0-130 turbines. The phase consists of 100 turbines with 4MW nameplate capacity.

About Northland Power

Northland Power Inc (Northland Power) is an independent power producer. It develops, finances, builds, owns, and operates power infrastructure assets. The company generates energy using renewable sources such as natural gas, biomass, wind, and solar sources, and in simple-and combined- cycle gas turbine and cogeneration modes. Through partnerships with indigenous partners, independent companies and municipalities, Northland Power develops and operates power-generation facilities. It has operational presence in North America and Europe. The company has offices in Houston, Amsterdam, London, Mexico City, Hamburg, Seoul, and Taipei. Northland Power is headquartered in Toronto, Ontario, 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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