5 August 2017 2017 10:00 AM GMT

Invenergy, GE Renewable Energy Announce 2GW Facility: Largest Wind Farm In US

Invenergy, North America’s largest independent, privately-held renewable energy company, along with GE Renewable Energy, has announced a 2,000-megawatt wind farm that will be the largest in the U.S. and second-largest in the world, once operational. The Wind Catcher facility is currently under construction in the Oklahoma panhandle and will generate wind electricity from 800 state-of-the-art GE 2.5 megawatt turbines.

The wind facility is part of the $4.5 billion Wind Catcher Energy Connection that also includes an approximately 350-mile dedicated, extra-high voltage power line. American Electric Power (AEP), utility subsidiaries Public Service Co. of Oklahoma (PSO) and Southwestern Electric Power Co. (SWEPCO) are asking utility regulators in Louisiana, Arkansas, Texas and Oklahoma to approve plans to purchase the wind farm from Invenergy upon completion of construction and to build the power line to serve PSO and SWEPCO’s more than 1.1 million customers.

“Wind Catcher shows American leadership in bringing low-cost clean energy to market at Giga scale,” said Invenergy’s Founder and CEO Michael Polsky. “This project reflects Invenergy’s innovative spirit and unparalleled execution ability, and we are proud to be working with forward looking utilities like PSO and SWEPCO whose customers and communities will benefit from this project for decades to come.”

Wind Catcher Energy Connection is expected to save SWEPCO and PSO customers more than $7 billion, net of cost, over 25 years. AEP estimates that the project will support approximately 4,000 direct and 4,400 indirect jobs annually during construction and 80 permanent jobs once operational. It also will contribute approximately $300 million in property taxes over the life of the project.

The 2.5 megawatt GE turbines that will power the project are GE’s latest model, designed to enhance efficiency, offer industry-leading reliability and allow for higher energy production. GE will also implement its Digital Wind Farm solutions, providing software to support wind operations including Asset Performance Management (APM) and Operations Optimization (OO).

All machine heads and hubs will be manufactured in the U.S., and additional components will be manufactured in Louisiana, Arkansas, Texas and Oklahoma. “GE is delighted to be a part of the groundbreaking Wind Catcher project with Invenergy and American Electric Power,” said Pete McCabe, President and CEO of GE’s Onshore Wind business. “We look forward to putting our teams to work in these communities as we continue to move toward our goal of ensuring that no one has to choose between sustainable, reliable and affordable energy.” Construction of the Wind Catcher facility started in 2016, and it is expected to be fully operational in mid-2020. Invenergy is contracted to operate the facility for the first five years.

Invenergy strives to drive innovation in energy. Invenergy and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation and storage facilities in the Americas, Europe and Asia. The company home office is located in Chicago and it has regional development offices in the United States, Canada, Mexico, Japan, Poland and Scotland. Not including Wind Catcher, Invenergy and its affiliated companies have developed more than 15,900 megawatts of projects that are in operation, construction or under contract, including wind, solar, natural gas-fueled power generation and energy storage projects.

GE Renewable Energy is a $10 billion start-up that brings together one of the broadest product and service portfolios in the renewable energy industry. Combining onshore and offshore wind, hydro and innovative technologies such as concentrated solar power and more recently turbine blades, GE Renewable Energy has installed more than 400+ gigawatts capacity globally to make the world work better and cleaner. With more than 22,000 employees present in more than 55 countries, the company is backed by the resources of the world’s first digital industrial company. Its goal is to demonstrate to the rest of the world that nobody should ever have to choose between affordable, reliable, and sustainable energy.

Image: Courtesy of GE Renewable Energy

August 16th 2019
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

August 14th 2019
Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

August 12th 2019
EU Approves Ambitious Energy Efficiency Goals, Encourages Clean Energy Feed-In

Europeans will now be entitled to consume, store and sell the renewable energy they produce in line with ambitious targets set by the EU. The targets are to be reviewed by 2023, and can only be raised, not lowered. By making energy more efficient, Europeans will see their energy bills reduced. In addition, Europe will reduce its reliance on external suppliers of oil and gas, improve local air quality and protect the climate. For the first time, member states will also be obliged to establish specific energy efficiency measures to the benefit of those affected by energy poverty. Member states must also ensure that citizens are entitled to generate renewable energy for their own consumption, to store it and to sell excess production.

November 16th 2018
India: Improved Monsoon Winds Help Power Producers in 2018 

After a prolonged period of decline, wind speeds in India during the 2018 monsoon season were significantly higher than normal; and up to 20% higher than long-term averages in some regions. These higher wind speeds benefit wind farm production; welcome news for wind energy operators and investors, who have faced several years of lower-than-normal wind energy production during the monsoon period. These increased wind speeds can thus counter recent patterns of decline contributing to an increase in investor confidence with a data-driven approach.

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