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October 28, 2020

Scout Clean Energy constructs Bitter Ridge Wind Farm in US

US-based renewable energy company Scout Clean Energy has enhanced its operational wind portfolio with the completion of 130MW Bitter Ridge Wind Farm in Jay County, Indiana.

US-based renewable energy company Scout Clean Energy has enhanced its operational wind portfolio with the completion of 130MW Bitter Ridge Wind Farm in Jay County, Indiana.

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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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Scout Clean Energy, a portfolio company of Quinbrook Infrastructure Partners, noted that it has closed tax equity funding for the wind farm.

Scout Clean Energy founder and CEO Michael Rucker said: “The success is a real credit to Scout’s construction management team, our suppliers, contractors and financiers who have worked tirelessly to get Bitter Ridge completed, especially under the difficult circumstances and widespread disruption caused by the Covid-19 pandemic.

“Safety is always our number one priority, and we are proud to report that, due to diligent health and safety measures put in place for the protection of all workers, construction was completed without a single case of the Covid-19 virus being contracted on-site.”

In 2016, Scout Clean Energy initiated greenfield development of the wind farm and started construction in August last year after obtaining all the permits.

Equipped with GE 2.82MW wind turbines, the Bitter Ridge Wind Farm is said to be the fourth utility-scale wind project developed by the Scout team.

Reaching commercial operations at Bitter Ridge will bring Scout Clean Energy ‘s operational portfolio of onshore wind energy generation to 843MW spanning the three power markets of ERCOT, PJM and SPP.

The company will have more than 4,000MW in its active development pipeline across the wind, solar PV, and battery storage.

Bitter Ridge is estimated to offset more than 292,000 metric tonnes of carbon dioxide emissions annually and over ten million metric tonnes during its operating life.

Scout Clean Energy has also signed a 15-year power purchase agreement (PPA) with Constellation, an Exelon company, for selling renewable energy generated by the facility.

Additionally, Jay County, Indiana will receive $18m to benefit the local community.

In June, Scout Clean Energy completed the construction of the 180MW Heart of Texas (HTX) Wind Farm.

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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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