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Disruptive data technologies are set to raise the competitiveness of U.S. wind power in the coming years and new growth areas will include repowering, offshore wind and energy storage, leading global turbine suppliers said at the Wind O&M Dallas conference on April 11.
The cost of wind power has fallen dramatically in recent years on improved technology and increased competition in the operation and maintenance (O&M) market.
The U.S. federal government’s extension of the 10-year Production Tax Credit (PTC) scheme has boosted interest in repowering projects amid continuing pressure on wholesale power prices from new gas-fired generation and rising wind and solar capacity.
The PTC extension provides 10 years of tax credits at $23/MWh for greenfield and turbine upgrade projects started in 2016. The PTC drops by 20% for projects started in 2017 and is scaled down annually...
The offshore wind sector is seeing rising interest from Oil and Gas majors as learnings in the maturing European offshore market cut project costs.
Norway's Statoil and Royal Dutch Shell are increasing investments in offshore wind projects and these firms bring decades of operational efficiencies in offshore installation and maintenance practices.Related Content: Statoil’s US offshore wind entrance hinges on New York offtake supportDutch offshore consortium win signals industry-wide efficiency gainsEurope’s new record...
Trump's reversal of Clean Power Plan laws set to spur price competition
President Trump signed an Executive Order March 28 which reverses Clean Power Plan (CPP) objectives set out by the previous Obama administration.Related Content: Demand for 700-mile US wind power line exceeds five times capacityStatoil’s US offshore wind entrance hinges on New York offtake supportVestas becomes top global turbine supplier after US surge; PJM grid can handle 35 GW offshoreImage: Image Caption: Wind...
The U.S. installed 8.7 GW of utility-scale wind generation in 2016, accounting for 60% of total capacity additions. As growth continues in the coming years, new wind projects will become more dependent on long-distance transmission lines from high wind areas to major consumption markets.Related Content: Vestas becomes top global turbine supplier after US surge; PJM grid can handle 35 GW offshoreGlobal wind installs dip as China growth slows; Vestas forecasts stable...
Offshore wind power costs have fallen dramatically across Europe, driven by greater competition, improved technology, more efficient installation practices and lower operations and maintenance [O&M] costs.Related Content: Statoil’s US offshore wind entrance hinges on New York offtake supportDutch offshore consortium win signals industry-wide efficiency gainsEurope’s new record offshore LCOE forecast at 40 euros/MWhImage: Image Caption: UK offshore wind energy costs have fallen 32% in the last five years. (Image credit: Pareto)Channels: ConstructionOffshoreTurbine Supply Chain