Wind Power in the US, Market Outlook to 2030 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles

 Published On: Nov, 2016 |    No of Pages: 185 |  Published By: GlobalData | Format: PDF
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Summary

"Wind Power in the US, Market Outlook to 2030 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles” is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the wind power market in US.

The report provides in depth analysis on global renewable power market and global wind power market with forecasts up to 2030. The report analyzes the power market scenario in US (includes conventional thermal, nuclear, large hydro and renewable energy sources) and provides future outlook with forecasts up to 2030. The research details renewable power market outlook in the country (includes wind, small hydro, biopower and solar PV) and provides forecasts up to 2030. The report highlights installed capacity and power generation trends from 2006 to 2030 in US wind power market. A detailed coverage of renewable energy policy framework governing the market with specific policies pertaining to wind power is provided in the report. The research also provides company snapshots of some of the major market participants.

The report is built using data and information sourced from proprietary databases, secondary research and in-house analysis by GlobalData’s team of industry experts.

Scope

The report analyses global renewable power market, global wind power (Onshore and Offshore) market, US power market, US renewable power market and US wind power market. The scope of the research includes -
- A brief introduction on global carbon emissions and global primary energy consumption.
- An overview on global renewable power market, highlighting installed capacity trends, generation trends and installed capacity split by various renewable power sources. The information is covered for the historical period 2006-2015 (unless specified) and forecast period 2015-2030.
- Renewable power sources include wind (both onshore and offshore), solar photovoltaic (PV), concentrated solar power (CSP), small hydropower (SHP), biomass, biogas and geothermal.
- Detailed overview of the global wind power market with installed capacity and generation trends, installed capacity split by major hydropower countries in 2015 and key owners information of various regions.
- Power market scenario in US and provides detailed market overview, installed capacity and power generation trends by various fuel types (includes thermal conventional, nuclear, large hydro and renewable energy sources) with forecasts up to 2030.
- An overview on US renewable power market, highlighting installed capacity trends (2006-2030), generation trends(2006-2030) and installed capacity split by various renewable power sources in 2015.
- Detailed overview of US wind power market with installed capacity and generation trends and major active and upcoming wind projects.
- Deal analysis of US wind power market. Deals are analyzed on the basis of mergers, acquisitions, partnership, asset finance, debt offering, equity offering, private equity (PE) and venture capitalists (VC).
- Key policies and regulatory framework supporting the development of renewable power sources in general and wind power in particular.
- Company snapshots of some of the major market participants in the country.

Reasons to buy

- The report will enhance your decision making capability in a more rapid and time sensitive manner.
- Identify key growth and investment opportunities in US wind power market.
- Facilitate decision-making based on strong historic and forecast data for wind power market.
- Position yourself to gain the maximum advantage of the industry’s growth potential.
- Develop strategies based on the latest regulatory events.
- Identify key partners and business development avenues.
- Understand and respond to your competitors’ business structure, strategy and prospects.

1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 8
2 Executive Summary 10
2.1 Government Support in Conjunction with Technology Development Driving Global Renewable Power Installations 10
2.2 Top 10 Countries Account for Over 84% of Wind Power Capacity 10
2.3 Thermal Power is the Dominant Source in the Power Mix 11
2.4 Renewable Sources Forecast to Witness Maximum Growth 12
3 Introduction 13
3.1 Carbon Emissions, Global, 2001-2015 13
3.2 Primary Energy Consumption, Global, 2001-2025 15
3.3 Wind Power Market, Global, Technology Definition and Classification 17
3.4 Wind Power Market, Technology Overview 17
3.5 Wind Power Market, Turbine Components 18
3.6 Report Guidance 20
4 Renewable Power Market, Global, 2006-2030 21
4.1 Renewable Power Market, Global, Overview 21
4.2 Renewable Power Market, Global, Installed Capacity, 2006-2030 22
4.2.1 Renewable Power Market, Global, Cumulative Installed Capacity by Source Type, 2006-2030 22
4.2.2 Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, 2015 and. 2030 24
4.2.3 Renewable Power Market, Global, Comparison among Various Sources, Cumulative Installed Capacity, 2015 - 2030 26
4.3 Renewable Power Market, Global, Power Generation, 2006-2030 28
4.3.1 Renewable Power Market, Global, Power Generation by Source Type, 2006-2030 28
4.3.2 Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2015-2030 30
4.4 Renewable Power Market, Global, LCOE Comparison of Power Generating Sources, 2014-2015 32
5 Wind Power Market, Global, 2006-2030 35
5.1 Wind Power Market, Global, Overview 35
5.2 Wind Power Market, Global, Installed Capacity, 2006-2030 36
5.2.1 Wind Power Market, Global, Installed Capacity Share by Region, 2015 and 2030 38
5.2.2 Wind Power Market, Global, Installed Capacity Share by Country, 2015 and 2030 40
5.2.3 Wind Power Market, Global, Installed Capacity Share by Segment, 2015 and 2030 42
5.3 Wind Power Market, Global, Power Generation, 2006-2030 44
5.3.1 Wind Power Market, Global, Generation Share by Region, 2015 and 2030 46
5.3.2 Wind Power Market, Global, Generation Share by Country, 2015 and 2030 48
5.3.3 Wind Power Market, Global, Generation Share by Segment, 2015 and 2030 50
6 Power Market, US, 2006-2030 51
6.1 Power Market, US, Overview 51
6.2 Power Market, US, Installed Capacity, 2006-2030 52
6.2.1 Power Market, US, Cumulative Installed Capacity by Fuel Type, 2006-2030 52
6.2.2 Power Market, US, Share in Cumulative Installed Capacity Split by Source Type, 2015 and 2030 54
6.3 Power Market, US, Power Generation, 2006-2030 56
7 Renewable Power Market, US, 2006-2030 58
7.1 Renewable Power Market, US, Overview 58
7.2 Renewable Power Market, US, Installed Capacity, 2006-2030 59
7.2.1 Renewable Power Market, US, Cumulative Installed Capacity by Source Type, 2006-2030 59
7.2.2 Renewable Power Market, US, Cumulative Installed Capacity Split by Source Type, 2015 and 2030 62
7.3 Renewable Power Market, US, Power Generation, 2006-2030 64
8 Wind Power Market, US, 2006-2030 66
8.1 Wind Power Market, US, Overview 66
8.2 Wind Power Market, US, Installed Capacity, 2006-2030 67
8.2.1 Wind Power Market, US, Cumulative Installed Capacity by Technology, 2006-2030 69
8.3 Wind Power Market, US, Power Generation, 2006-2030 71
8.4 Wind Power Market, US, Project Based Analysis, 2015 73
8.4.1 Wind Power Market, US, Major Active Plants, 2015 73
8.4.2 Wind Power Market, US, Upcoming Projects, 2015 75
8.4.3 Wind Power Market, US, Key Under-construction Projects, 2015 76
8.5 Wind Power Market, US, Investment Trends, 2015 77
8.5.1 Wind Power Market, US, Deal Volume vs. Deal Value, 2006-2015 77
8.5.2 Wind Power Market, US, Split by Deal Type, 2015 79
9 Power Market, US, Regulatory Scenario 81
9.1 Overview 81
9.2 Federal Initiatives 81
9.2.1 Energy Independence and Security Act, 2007 81
9.2.2 Energy Improvement and Extension Act, 2008 82
9.2.3 American Recovery and Reinvestment Act, 2009 82
9.2.4 Production Tax Credits 83
9.2.5 Investment Tax Credits 83
9.2.6 Manufacturing Tax Credit 84
9.2.7 Rural Energy for America Program: Grants 85
9.2.8 Tribal Energy Program Grant 85
9.2.9 Clean Renewable Energy Bonds 85
9.2.10 Qualified Energy Conservation Bonds 86
9.2.11 US Department of Energy - Loan Guarantee Program 86
9.2.12 Modified Accelerated Cost Recovery System 87
9.2.13 Green Power Purchasing Goal 88
9.2.14 Residential Renewable Energy Tax Credit 88
9.3 Federal Initiatives for Solar Power 90
9.3.1 Solar America Initiative 90
9.3.2 SunShot Initiative 90
9.4 Federal Initiatives for Wind Power 90
9.5 Federal Initiatives for Biopower and Biofuels 91
9.5.1 Energy Policy Act - Alternative Fuels 91
9.5.2 Biorefinery Assistance Program 91
9.5.3 Clean Air Act Amendments of 1990 92
9.6 State-Level Incentives 92
9.6.1 Overview 92
9.6.2 Renewable Portfolio Standards 92
9.6.3 Renewable Energy Certificates 94
9.6.4 Public Benefits Funds for Renewable Energy 94
9.6.5 Interconnection Standards 95
9.6.6 Net Metering 95
9.6.7 Property Assessed Clean Energy 95
9.7 Renewable Energy Policy Framework, Iowa 96
9.7.1 Financial Incentives and Policy Support for Renewable Energy Sources, Iowa 96
9.7.2 Financial Incentives and Policy Support for Solar, Iowa 97
9.7.3 Financial Incentives and Policy Support for Wind, Iowa 98
9.8 Renewable Energy Policy Framework, Minnesota 99
9.8.1 Financial Incentives and Policy Support for Renewable Energy Sources, Minnesota 99
9.8.2 Financial Incentives and Policy Support for Wind, Minnesota 101
9.8.3 Financial Incentives and Policy Support for Hydropower, Minnesota 101
9.8.4 Financial Incentives and Policy Support for Bioenergy, Minnesota 101
9.9 Renewable Energy Policy Framework, Washington 102
9.9.1 Financial Incentives and Policy Support for Renewable Energy Sources, Washington 102
9.9.2 Financial Incentives and Policy Support for Solar, Washington 105
9.10 Renewable Energy Policy Framework, Colorado 105
9.10.1 Financial Incentives and Policy Support for Renewable Energy Sources, Colorado 105
9.11 Renewable Energy Policy Framework, Texas 109
9.11.1 Financial Incentives and Policy Support for Renewable Energy Sources, Texas 109
9.11.2 Financial Incentives and Policy Support for Solar, Texas 112
9.11.3 Financial Incentives and Policy Support for Wind, Texas 114
9.11.4 Financial Incentives and Policy Support for Bioenergy, Texas 115
9.12 Renewable Energy Policy Framework, California 116
9.12.1 Financial Incentives and Policy Support for Renewable Energy Sources, California 116
9.12.2 Financial Incentives and Policy Support for Solar, California 120
9.12.3 Financial Incentives and Policy Support for Wind, California 124
9.12.4 Financial Incentives and Policy Support for Hydropower, California 124
9.12.5 Financial Incentives and Policy Support for Geothermal, California 125
9.12.6 Financial Incentives and Policy Support for Bioenergy, California 125
9.13 Renewable Energy Policy Framework, Nevada 125
9.13.1 Financial Incentives and Policy Support for Renewable Energy Sources, Nevada 125
9.14 Renewable Energy Policy Framework, New Jersey 129
9.14.1 Financial Incentives and Policy Support for Renewable Energy Sources, New Jersey 129
9.14.2 Financial Incentives and Policy Support for Solar, New Jersey 135
10 Wind Power Market, US, Company Profiles 137
10.1 Company Snapshot: The AES Corporation 137
10.1.1 The AES Corporation - Company Overview 137
10.1.2 The AES Corporation - Business Description 137
10.1.3 The AES Corporation - SWOT Analysis 140
10.1.4 The AES Corporation - Major Products and Services 145
10.1.5 The AES Corporation - Head Office 145
10.2 Company Snapshot: Sumitomo Corporation 146
10.2.1 Sumitomo Corporation - Company Overview 146
10.2.2 Sumitomo Corporation - Business Description 146
10.2.3 Sumitomo Corporation - SWOT Analysis 148
10.2.4 Sumitomo Corporation - Major Products and Services 152
10.2.5 Sumitomo Corporation - Head Office 152
10.3 Company Snapshot: NextEra Energy Resources, LLC 153
10.3.1 NextEra Energy Resources, LLC - Company Overview 153
10.3.2 NextEra Energy Resources, LLC - Business Description 153
10.3.3 NextEra Energy Resources, LLC - SWOT Analysis 153
10.3.4 NextEra Energy Resources, LLC - Major Products and Services 157
10.3.5 NextEra Energy Resources, LLC - Head Office 158
10.4 Company Snapshot: Minnesota Power 159
10.4.1 Minnesota Power - Company Overview 159
10.4.2 Minnesota Power - Major Products and Services 159
10.4.3 Minnesota Power - Head Office 160
10.5 Company Snapshot: Iberdrola Renewables, LLC 161
10.5.1 Iberdrola Renewables, LLC - Company Overview 161
10.5.2 Iberdrola Renewables, LLC - Major Products and Services 161
10.5.3 Iberdrola Renewables, LLC - Head Office 161
10.6 Company Snapshot: E.ON Climate & Renewables North America Inc. 162
10.6.1 E.ON Climate & Renewables North America Inc. - Company Overview 162
10.6.2 E.ON Climate & Renewables North America Inc. - Major Products and Services 162
10.6.3 E.ON Climate & Renewables North America Inc. - Head Office 162
10.7 Company Snapshot: Duke Energy Corporation 163
10.7.1 Duke Energy Corporation - Company Overview 163
10.7.2 Duke Energy Corporation - Business Description 163
10.7.3 Duke Energy Corporation - SWOT Analysis 165
10.7.4 Duke Energy Corporation - Major Products and Services 169
10.7.5 Duke Energy Corporation - Head Office 169
10.8 Company Snapshot: Dominion Resources, Inc. 170
10.8.1 Dominion Resources, Inc. - Company Overview 170
10.8.2 Dominion Resources, Inc. - Business Description 170
10.8.3 Dominion Resources, Inc. - SWOT Analysis 170
10.8.4 Dominion Resources, Inc. - Major Products and Services 175
10.8.5 Dominion Resources, Inc. - Head Office 175
10.9 Company Snapshot: BP p.l.c. 176
10.9.1 BP p.l.c. - Company Overview 176
10.9.2 BP p.l.c. - Business Description 176
10.9.3 BP p.l.c. - SWOT Analysis 177
10.9.4 BP p.l.c. - Major Products and Services 181
10.9.5 BP p.l.c. - Head Office 182
11 Appendix 183
11.1 Market Definitions 183
11.2 Abbreviations 184
11.3 Bibliography 184
11.4 Disclaimer 185

1.1 List of Tables
Table 1: Carbon Dioxide Emissions from Energy Consumption, Global (MT), 2001-2015 15
Table 2: Primary Energy Consumption, Global (Mtoe), 2001-2025 17
Table 3: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 23
Table 4: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2015 and. 2030 25
Table 5: Renewable Power Market, Global, Source Comparison Based on Installed Capacity, 2015-2030 27
Table 6: Renewable Power Market, Global, Power Generation by Source Type (GWh), 2006-2030 29
Table 7: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2015-2030 31
Table 8: Renewable Power Market, Global, Assumptions for LCOE Calculation 32
Table 9: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2014-2015 34
Table 10: Wind Power Market, Global, Installed Capacity (MW), 2006-2030 37
Table 11: Wind Power Market, Global, Cumulative Installed Capacity Share by Region (%), 2015 and 2030 39
Table 12: Wind Power Market, Global, Cumulative Installed Capacity Share by Country (%), 2015 and 2030 41
Table 13: Wind Power Market, Global, Cumulative Installed Capacity Share by Segment (%), 2015 and 2030 43
Table 14: Wind Power Market, Global, Power Generation (GWh), 2006-2030 45
Table 15: Wind Power Market, Global, Generation Share by Region (%), 2015 and 2030 47
Table 16: Wind Power Market, Global, Generation Share by Country (%), 2015 and 2030 49
Table 17: Wind Power Market, Global, Generation Share by Segment (%), 2015 and 2030 50
Table 18: Power Market, US, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 53
Table 19: Power Market, US, Cumulative Installed Capacity Split by Source Type (%), 2015 and 2030 55
Table 20: Power Market, US, Power Generation by Fuel Type (GWh), 2006-2030 57
Table 21: Renewable Power Market, US, Cumulative Installed Capacity by Source Type (MW), 2006-2030 61
Table 22: Renewable Power Market, US, Cumulative Installed Capacity Split by Source Type (%), 2015 and 2030 63
Table 23: Renewable Power Market, US, Power Generation by Source Type (GWh), 2006-2030 65
Table 24: Wind Power Market, US, Installed Capacity (MW), 2006-2030 68
Table 25: Wind Power Market, US, Cumulative Installed Capacity by Technology (MW), 2006-2030 70
Table 26: Wind Power Market, US, Power Generation (GWh), 2006-2030 72
Table 27: Wind Power Market, US, Major Active Plants, 2015 73
Table 28: Wind Power Market, US, Upcoming Projects, 2015 75
Table 29: Wind Power Market, US, Key Under-construction Projects, 2015 76
Table 30: Wind Power Market, US, Deal Volume vs. Deal Value ($m), 2006-2015 78
Table 31: Wind Power Market, US, Deals by Type, 2015 80
Table 32: Renewable Energy Market, US, Production Tax Credit ($/kWh), 2015 83
Table 33: Renewable Energy Market, US, Production Tax Credit, 2015 84
Table 34: Renewable Energy Market, US, Green Power Purchasing Goal (%), 2016-2025 88
Table 35: Renewable Power, US, Renewable Portfolio Standards, State Targets, 2016 93
Table 36: Renewable Energy Market, Washington, Renewable Energy Standards (%), 2012 and onward 102
Table 37: Renewable Energy Market, Washington, Member-Owned Renewable Energy Program Rate ($/kWh), 2010-2017 104
Table 38: Renewable Energy Market, Colorado, Capital Cost Threshold Rates, 2014 108
Table 39: Renewable Energy, Feed-in Tariffs, Marin County - California, 2016 117
Table 40: Renewable Energy, Feed-in Tariffs, Los Angeles - California, 2016 118
Table 41: Renewable Energy Feed-in Tariff Multiplier, Los Angeles - California, 2016 118
Table 42: Renewable Energy Market, California, Go Solar Campaign Program Components, 2007-2016 121
Table 43: Renewable Energy Market, California, California Solar Initiative Program Budget ($m), 2007-2016 121
Table 44: Renewable Energy Market, California, California Solar Initiative Rebate Levels by Incentive Step and Rebate Type, 2012 122
Table 45: Renewable Energy Market, California, California Solar Initiative, Details by Incentive Type, 2013 122
Table 46: Renewable Portfolio Standard, Nevada (%), 2005 and onward 127
Table 47: Renewable Energy Market, New Jersey, Renewable Portfolio Standards (%), 2004 onward 130
Table 48: Solar Alternative Compliance Payment ($/MWh), New Jersey, 2008-2016 136
Table 49: The AES Corporation, Major Products and Services 145
Table 50: Sumitomo Corporation, Major Products and Services 152
Table 51: NextEra Energy Resources, LLC, Major Products and Services 157
Table 52: Minnesota Power, Major Products and Services 159
Table 53: Iberdrola Renewables, LLC, Major Products and Services 161
Table 54: E.ON Climate & Renewables North America Inc., Major Products and Services 162
Table 55: Duke Energy Corporation , Major Products and Services 169
Table 56: Dominion Resources, Inc., Major Products and Services 175
Table 57: BP p.l.c., Major Products and Services 181
Table 58: Abbreviations 184

1.2 List of Figures
Figure 1: Wind Power Market, Global, Cumulative Installed Capacity Share by Country (%), 2015 11
Figure 2: Power Market, US, Cumulative Installed Capacity by Type of Power Plant (%), 2015 12
Figure 3: Carbon-di-oxide Emissions from Energy Consumption, Global (MT), 2001-2015 14
Figure 4: Global, Primary Energy Consumption, Global (Mtoe), 2001-2025 16
Figure 5: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 22
Figure 6: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2015 and. 2030 24
Figure 7: Renewable Power Market, Global, Comparison among Various Sources, Cumulative Installed Capacity, 2015-2030 26
Figure 8: Renewable Power Market, Global, Power Generation by Source Type (GWh), 2006-2030 28
Figure 9: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2015-2030 30
Figure 10: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2014-2015 33
Figure 11: Wind Power Market, Global, Installed Capacity (MW), 2006-2030 36
Figure 12: Wind Power Market, Global, Cumulative Installed Capacity Share by Region (%), 2015 and 2030 38
Figure 13: Wind Power Market, Global, Cumulative Installed Capacity Share by Country (%), 2015 and 2030 40
Figure 14: Wind Power Market, Global, Cumulative Installed Capacity Share by Segment (%), 2015 and 2030 42
Figure 15: Wind Power Market, Global, Power Generation (GWh), 2006-2030 44
Figure 16: Wind Power Market, Global, Generation Share by Region (%), 2015 and 2030 46
Figure 17: Wind Power Market, Global, Generation Share by Country (%), 2015 and 2030 48
Figure 18: Wind Power Market, Global, Generation Share by Segment (%), 2015 and 2030 50
Figure 19: Power Market, US, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 52
Figure 20: Power Market, US, Cumulative Installed Capacity Split by Source Type (%), 2015-2030 54
Figure 21: Power Market, US, Power Generation by Fuel Type (GWh), 2006-2030 56
Figure 22: Renewable Power Market, US, Cumulative Installed Capacity by Source Type (MW), 2006-2030 60
Figure 23: Renewable Power Market, US, Cumulative Installed Capacity Split by Source Type (%), 2015 and 2030 62
Figure 24: Renewable Power Market, US, Power Generation by Source Type (GWh), 2006-2030 64
Figure 25: Wind Power Market, US, Installed Capacity (MW), 2006-2030 67
Figure 26: Wind Power Market, US, Cumulative Installed Capacity by Technology (MW), 2006-2030 69
Figure 27: Wind Power Market, US, Power Generation (GWh), 2006-2030 71
Figure 28: Wind Power Market, US, Upcoming Projects, 2015 75
Figure 29: Wind Power Market, US, Deal Volume vs. Deal Value ($m), 2006-2015 77
Figure 30: Wind Power Market, US, Split by Deal Type (%), 2015 79
Figure 31: Renewable Energy Market, Washington, Renewable Energy Standards (%), 2012 and onward 102
Figure 32: Renewable Energy Market, Nevada, Renewable Portfolio Standards (%), 2005 and onward 126


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