On this week’s episode of #TruthtoPower, our Founder & CEO, Philip Totaro explores the improvement in wind energy asset profitability in the USA. In 2023, the USA had 20.3GW of #windenergy assets which were not going to break even during the lifetime of the project on the capital that was initially invested. In 2024, that dropped dramatically to 14.36GW of projects that are still below the profitability line through the planned end of asset life. According to IntelStor #marketresearch, this dramatic improvement is due to a combination of improving PPA prices, but also some slight improvements in the technical performance of wind energy in the USA. Including utility power offtake agreements, publicly filed corporate power purchase contracts and merchant power prices, the average PPA price in 2024 in the USA was $55.96/MWhr compared to $36.76 in 2023. Have a listen today, and get in touch with your best questions about 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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