MAKE’s latest wind power outlook for North America expects that unprecedented long-term policy certainty in the US and increasingly climate-conscious, low-carbon energy directives in some of Canada’s provinces will enable nearly 75GW of total wind power growth in the region from 2016 to 2025.
MAKE’s North America Wind Power Outlook 2016 is a 55+ page report containing 55+ charts, tables and graphs, providing in-depth analysis of the wind power markets in the US and Canada.
The U.S. production tax credit (PTC), extended in December 2015, will enable substantial growth from 2016 to 2021. However, as the value of the PTC phases down after 2018, several drivers must align to support wind power growth in the US. In Canada, upgraded energy policies in Alberta and Saskatchewan hold strong potential upside, but uncertainty in the details remains.
Key Points:
Policy upgrades in the U.S. buttress a booming outlook through 2019, but potential long-term pitfalls remain.
Commercial and industrial contracts for wind power cover nearly one-quarter of 10-year growth in the U.S.
The CPP partly offsets the decline in demand from state renewable electricity standards, providing a combined 19 GW of demand
Canada’s election outcomes in 2015 and energy policy updates were favorable, though upgrades in certain provinces are partially offset by downgrades in others
As an additional feature, a graphics library is available for this publication, enabling easy access and overview to key figures included in the report.
The North America Wind Power Outlook 2016 is a 55 page report containing about 55 charts, tables, and graphs, providing in-depth analysis of the wind power markets in the US and Canada. The report studies the key drivers and barriers for new wind power installations in North America, including sub-regional market dynamics. The analysis focuses on macro conditions and regulatory frameworks, which underpin the 10-year market outlook and three forecast scenarios (bull, base and bear) for each market. Market models are illustrated, demonstrating the critical forces that are shaping demand for new wind power generation assets.
Filed Under: News, Policy
