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US wind projects seal 1.96 GW of PPAs in Q2, 52% with corporates

The Trent Mesa wind farm in Texas. Photo: Business Wire.

August 5 (Renewables Now) - Wind project developers in the US have announced 1,962 MW of power purchase agreements (PPAs) in the second quarter of this year, shows data by the American Wind Energy Association (AWEA).

Demand in the sector was driven by non-utility corporate clients, whose deals accounted for 52% of the overall contracted PPA capacity, or 1,013 MW. This included six first-time buyers such as Hormel Foods, Smithfield Foods (NYSE:HRL), Crown Holdings (NYSE:CCK) and Ernst & Young. Deals were also struck by repeat customers such as General Mills (NYSE:GIS), Walmart (NYSE:WMT) and Target Corp (NYSE:TGT).

Utility companies signed deals for 949 MW of wind, representing 48% of the total contracted capacity in April-June, led by Associated Electric Cooperative and Minnesota Municipal Power Agency. Additionally, Ameren Missouri announced plans to add 300 MW of wind power capacity under direct ownership.

Cumulatively, utility and non-utility purchases of wind power capacity since the beginning of 2019 stands at 4,799 MW from 35 customers.

“Our industry’s success strengthens the US economy because access to affordable, clean American wind power is a competitive advantage in the eyes of business leaders,” said AWEA CEO Tom Kiernan.

According to AWEA’s US Wind Industry Second Quarter 2019 Market Report, 736 MW of fresh wind power generation capacity has been switched on in the second quarter, which brought the country’s cumulative to 97,960 MW. The announced new construction and advanced development projects in the three months were 7,290 MW.

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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