Walleye Wind, US

Walleye Wind is an 110.72MW onshore wind power project. It is planned in Minnesota, the US. The project is currently in permitting stage. It will be developed in multiple phases. Post completion of the construction, the project is expected to get commissioned in 2023.

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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	110.72	–	110.72	Permitting	Minnesota, the US	Walleye Wind

Description

The project is being developed by Walleye Wind and is currently owned by NextEra Energy Resources with a stake of 100%.

The project is expected to generate 431,947MWh of electricity. The project cost is expected to be around $182.82m.

The turbines that are getting installed on the Walleye Wind (Walleye Wind – Phase I), will be using Tubular Steel towers.

The turbines that are getting installed on the Walleye Wind (Walleye Wind – Phase II), will be using Tubular Steel towers.

Development Status

Post completion of the construction, the project is expected to get commissioned in 2023.

Power Purchase Agreement

The power generated from the project will be sold to Minnesota Municipal Power Agency under a power purchase agreement for a period of 30 years. The offtake capacity is expected to be 110.8MW.

Contractors Involved

Walleye Wind (Walleye Wind – Phase I) will be equipped with GE Renewable Energy turbines. The phase consists of 36 turbines, each with 2.82MW nameplate capacity.

Walleye Wind (Walleye Wind – Phase II) will be equipped with GE Renewable Energy turbines. The phase consists of 4 turbines, each with 2.3MW nameplate capacity.

About Walleye Wind

Walleye Wind LLC (Walleye Wind) is a renewable energy company which develops, builds and operates wind farms and solar plants.The company is headquartered in 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.