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November 29, 2021

Thunder Ranch Wind Farm, US

By Carmen

Thunder Ranch Wind Farm is a 298.2MW onshore wind power project. It is located in Oklahoma, the US. The project is currently active. It has been developed in multiple phases. Post completion of construction, the project got commissioned in December 2017.

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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 298.2 298.2 Active Oklahoma, the US Thunder Ranch Wind Project

Description

The project is developed and owned by Thunder Ranch Wind Project. The company has a stake of 100%.

The project generates 1,100GWh electricity and supplies enough clean energy to power 89,400 households, offsetting 790,000t of carbon dioxide emissions (CO2) a year. The project cost is $435m.

Development Status

The project is currently active. The project got commissioned in December 2017.

Power Purchase Agreement

The power generated from the project is sold to Anheuser-Busch Companies under a power purchase agreement from 2017. The contracted capacity is 152.5MW.

Contractors Involved

Thunder Ranch Wind Farm (Thunder Ranch Wind Farm- Phase 1) is equipped with GE Renewable Energy 2.5-116 turbines. The phase consists of 111 turbines with 2.5MW nameplate capacity.

Thunder Ranch Wind Farm (Thunder Ranch Wind Farm- Phase 2) is equipped with GE Renewable Energy 2.3-116 turbines. The phase consists of 9 turbines with 2.3MW nameplate capacity.

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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