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July 31, 2018

NextEra begins construction of Sholes Wind Energy Center in Nebraska

NextEra Energy Resources and Omaha Power Public District (OPPD) have started construction of the new renewable energy project, Sholes Wind Energy Center, in Nebraska, US.

NextEra Energy Resources and Omaha Power Public District (OPPD) have started construction of the new renewable energy project, Sholes Wind Energy Center, in Nebraska, US.

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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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Featuring 71 GE wind turbines, the Center will have the capacity to generate nearly 160MW of clean energy.

NextEra Energy Resources president and CEO Armando Pimentel said: “This project represents a more than $200m investment in Nebraska.

“The wind energy centre is expected to provide more than $30m in property taxes to Wayne and Stanton Counties over its first 30 years of operation.”

“We are pleased to partner with OPPD to bring low-cost, renewable energy to their customers, and for the tremendous support we have received from the community of Wayne and Stanton Counties, many of whom stand to benefit from the project for years to come.”

A NextEra Energy Resources’ affiliate will build, own and operate the project, while the energy generated from this facility will be supplied to OPPD customers under a 20-year power purchase agreement (PPA).

OPPD president and CEO Timothy J Burke said: “The inclusion of the Sholes wind farm in OPPD’s generation portfolio not only helps us reach our renewables commitments but will also have a positive economic impact on the surrounding area.

“We look forward to working with NextEra Energy Resources to provide environmentally sensitive electricity to our public power customer-owners.”

The Sholes Wind Energy Center project is expected to create nearly 200 jobs during the construction phase as well as up to ten full-time jobs.

Slated to begin operations in December this year, the wind energy centre is expected to provide more than $30m in property taxes to Wayne and Stanton Counties over its first 30 years of operation.

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Free Report
img

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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