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  1. Market Data
November 30, 2021

Palo Duro Wind Energy Center, US

By Carmen

Palo Duro Wind Energy Center is a 249.9MW 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 December 2014.

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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 249.9 249.9 Active Texas, the US NextEra Energy Resources

Description

The project was developed by NextEra Energy Resources. The project is currently owned by NextEra Energy Resources with a stake of 60.78% and Nextera Energy Partners.

The project generates 1,180,000MWh electricity and supplies enough clean energy to power 75,000 households. The project cost is $227m.

Development Status

The project is currently active. The project got commissioned in December 2014.

Power Purchase Agreement

Southwestern Public Service and Xcel Energy are the power offtakers from the project.

Contractors Involved

GE Renewable Energy was selected as the turbine supplier for the wind power project. The company provided 147 units of 1.7-100 turbines, each with 1.7MW nameplate capacity.

About NextEra Energy Resources

NextEra Energy Resources LLC (NEER) is a subsidiary of NextEra Energy Capital Holdings Inc,is a diversified clean energy company and is one of the largest wholesale generators of electric power in the US. The company, together with its subsidiaries owns, develops, constructs, manages and operates electricity generating facilities in wholesale energy markets in the US, Canada, and Spain. The company generates electricity using different fuel sources such as natural gas and oil, wind, solar and nuclear. It offers electricity to utilities, retail electricity providers, power cooperatives, municipal electricity providers and industrial companies. The company also provides energy and capacity requirement services; conducts power and gas marketing and trading activities; participates in natural gas, natural gas liquids and oil production and pipeline infrastructure development; and owns a retail electricity provider. NEER is headquartered in Juno Beach, 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.

Related Companies

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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