South Peak Wind Farm, US

South Peak Wind Farm is a 79.4MW onshore wind power project. It is located in Montana, the US. The project is currently active. It has been developed in multiple phases. Post completion of construction, the project got commissioned in April 2020.

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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	79.4	79.4	–	Active	Montana, the US	ALLETE Clean Energy

Description

The project was developed by ALLETE Clean Energy. ALLETE Clean Energy and JPM Capital are currently owning the project.

The project cost is $140.8m.

Development Status

The project is currently active. The project got commissioned in April 2020.

Power Purchase Agreement

The power generated from the project is sold to NorthWestern under a power purchase agreement for a period of 15 years.

Contractors Involved

Fagen was selected to render EPC services for the wind power project.

South Peak Wind Farm (South Peak Wind Farm-I) is equipped with GE Renewable Energy GE-2.5 turbines. The phase consists of 29 turbines with 2.5MW nameplate capacity.

South Peak Wind Farm (South Peak Wind Farm-II) is equipped with GE Renewable Energy GE-2.3 turbines. The phase consists of 3 turbines with 2.3MW nameplate capacity.

GE Renewable Energy is the O&M contractor for the wind power project for a period of 15 years.

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.