On this week’s episode of #TruthtoPower, IntelStor's Founder & CEO, Philip Totaro continues a deep dive on some of the analysis IntelStor has completed on #windenergy asset profitability & the prospects for the O&M market in the USA.
A total of $63 billion has been doled out to wind energy IPPs since 1992. That investment by the US government has unlocked more than $750 billion in investment in wind energy the USA, including over $245 billion in CapEx on wind farm projects and the rest on factories to make components as well as services.
But there are some asset owners who have developed a dependence on PTCs. The independent power producers who have at least a gigawatt or more installed in the USA have a variety of approaches to how they leverage PTC revenue.
There are only 3 out of the top 30 asset owners when ranked by % of PTC revenue vs total revenue who have a profitability that is at or above the market average of just around $1.1 million per MW. Those who are above the profitability average, are owners who tend to have a financial partner invested in the portfolio.
An asset portfolio that is overly dependent on PTCs is less likely to achieve the highest levels of profitability in the USA. Consistently high PPAs have more of an influence on long-term sustained asset profitability.
Have a listen today, and get in touch with your best questions about the #renewableenergy market in the USA or any other country around the world.
This show examines data driven insights for the energy sector, with a focus on renewables. To subscribe to IntelStor Research Notes and get early access to our latest content as well as these Truth to Power weekly editorials, visit https://lnkd.in/grfixJn
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