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January 7, 2022

Sigel Wind Farm, US

By Carmen

Sigel Wind Farm is a 64MW onshore wind power project. It is located in Michigan, the US. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in December 2012.

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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 64 64 Active Michigan, the US DTE Energy

Description

The project is developed and owned by DTE Energy. The company has a stake of 100%.

The project cost is $138.816m.

Development Status

The project is currently active. The project got commissioned in December 2012.

Power Purchase Agreement

The power generated from the project is sold to DTE Energy under a power purchase agreement.

Contractors Involved

GE Renewable Energy was selected as the turbine supplier for the wind power project. The company provided 40 units of 1.6-100 turbines, each with 1.6MW nameplate capacity.

Duke Energy Power Services and EDF Renewable Services were contracted to render operations & maintenance services for the project.

About DTE Energy

DTE Energy Co (DTE Energy) is an energy utility. It develops and manages energy-related businesses and services. The company generates, procures, transmits, distributes and sells electricity; procures, stores, transports, distributes and sells natural gas. DTE Energy produces power using steam, nuclear, biomass, natural gas, oil, hydro, wind and solar sources. It also markets and trades power, natural gas and environmental products; energy financial instruments; and provides energy and asset management services using energy commodity derivative instruments. The company serves residential, commercial and industrial customers in southeastern Michigan and other regions in the country. DTE Energy is headquartered in Detroit, Michigan, 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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