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March 22, 2022

Traverse Wind Energy Centre generating power for three US states

The 998MW facility is the third and final of the North Central Energy Facilities.

US-based electric utility company American Electric Power (AEP) has announced that its Traverse Wind Energy Centre has started providing clean energy to consumers in Arkansas, Louisiana and Oklahoma.

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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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The 998MW wind energy centre covers Blaine and Custer counties in Oklahoma and features 356 wind turbines.

It is expected to generate 3.8 million megawatt-hours a year for customers of AEP’s Public Service Company of Oklahoma (PSO) and Southwestern Electric Power Company (SWEPCO) in Oklahoma, Arkansas and Louisiana.

This energy centre is the third and final constituent wind project of the North Central Energy Facilities, which generate a total of 1.48GW of clean energy.

The North Central Energy Facilities also include the 199MW Sundance wind farm and the Maverick wind project, which has a capacity of 287MW.

The Sundance facility began commercial operations in April last year, while Maverick has been operational since last September.

The three projects were developed by Invenergy and are owned by PSO and SWEPCO.

AEP chairman, president and CEO Nicholas K Akins said: “Traverse is part of the next chapter in AEP’s transition to a clean energy future.

“The commercial operation of Traverse – the largest single wind farm ever built at once in North America – and the completion of the North Central Energy Facilities is a significant milestone in our efforts to provide clean, reliable power to our customers while saving them money,”

“AEP is investing $8.2bn in regulated renewables and nearly $25bn in the transmission and distribution systems through 2026 to modernise the grid, enhance reliability and resilience, and deliver more emissions-free energy to our customers.”

AEP claims to operate the US’ largest electricity transmission system and more than 224,000 miles of distribution lines, providing power to 5.5 million customers across 11 states.

The company has around 31GW of diverse power-generating capacity, including more than 7.1GW of clean energy.

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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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