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November 29, 2021

Santa Rita Wind Farm, US

By Carmen

Santa Rita Wind Farm is a 300MW 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 2018.

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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 300 300 Active Texas, the US Invenergy

Description

The project was developed by Invenergy and is currently owned by BHE Renewables.

The project generates 1,480,000MWh electricity and supplies enough clean energy to power 122,000 households. The project cost is $528m.

The project has 90m high towers.

Development Status

The project is currently active. The project got commissioned in 2018.

Power Purchase Agreement

Denton Municipal Electric and Kimberly-Clark 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 120 units of GE 2.5-116 turbines, each with 2.5MW nameplate capacity.

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.

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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