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August 5, 2021updated 06 Aug 2021 3:35pm

Ørsted completes 367MW Western Trail wind project in Texas

The wind project has increased Ørsted's total onshore capacity and strengthened its asset base in Texas.

By Umesh Ellichipuram

Danish energy company Ørsted has announced the completion of the Western Trail Wind Farm, a 367MW onshore wind project in Texas.

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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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Located in Wilbarger and Baylor counties, the wind farm is equipped with 130 wind turbines and is Ørsted’s largest onshore wind project to date.

Ørsted Onshore senior vice-president Philip Moore said: “Western Trail Wind is a well-sited greenfield development project that will provide low-cost, reliable power to the Texas grid.

“I’m very proud of our team working on this project as we continue to scale the business and play a leading role in the US’s energy transition.”

With the completion of the Western Trail Wind Farm, the company’s total operational onshore capacity has increased to more than 2.8GW of wind, solar and battery storage.

The wind farm has been built on a property owned by billionaire businessman Stan Kroenke.

Kroenke Ranches land manager Daniel Zyvoloski said: “The Waggoner Ranch has a rich history for developing energy resources.

“We’re excited to partner with Ørsted on the Western Trail Wind Farm to make renewable energy a part of our ranching operation.”

In addition to clean energy, Western Trail will deliver long-term financial returns to the Wilbarger and Baylor counties and independent school districts in terms of increased property tax.

Ørsted worked with tax equity providers, equipment suppliers and construction companies to deliver the project.

The Western Trail project bolsters the company’s asset base in Texas and has long-term power purchase agreements in place with PepsiCo, Hormel Foods and Nucor.

PepsiCo and Hormel Foods will also purchase clean energy generated by Ørsted’s Haystack Wind project in Nebraska, which is set to begin operations later this year.

Once commissioned, the Haystack Wind project is expected to power around 85,000 homes across the US.

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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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