Wind Energy in Texas: Developments & Trends

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1 Wind Energy in Texas: Developments & Trends German American Chamber of Commerce of the Southern United States, Inc. Silke Miehlke Director, Consulting Services 2011, Hannover Messe

2 Agenda Market Overview Trends & Growth, Installed Capacity Promotional Programs Costs Challenges Summary and Outlook

3 The US is under increasingly greater Pressure Availability Demand Environment Solutions Fossil fuel reserves are unable to meet long-term demand, resulting in ever-rising prices for oil and gas. Although the United States holds only 2.4% of the earth s petroleum reserves, it consumes 22.5% of worldwide production, spending approximately $250 million dollars each year on petroleum imports Six billion tons of CO 2 are produced in the US each year, thus making electricy production the single greatest source of industrial air pollution. Renewable energy provides a sustainable alternative to fossil fuel energy sources that is both ecological and economical

4 Net Generation by Source, USA 7% 1% 2% Coal Petroleum 20% 45% Natural Gas Nuclear Hydroelectric Wind 24% 1% Other Renewables Net Generation by Source Source: Annual Energy Review 2009, S. 7.

5 Agenda Market Overview Trends & Growth, Installed Capacity Promotional Programs & Costs Challenges Summary and Outlook

6 Wind Energy is growing by 25% annually Year Annually installed MW Growth (%) Total MW ,331 39,431 Growth (%) , % 47, % , % 59, % , % 74, % , % 93, % , % 120, % , % 158, % 35, % 194, % Average Growth -7 years 24.7 % 25.6 % The US is the largest market for wind energy in the entire world In alone, the capacity of new installations reached MW Infrastructure: President Obama intends to modernize the massive US power network system (as part of the economic stimulus package) Source: Global Wind Energy Council

7 Development of US Wind Energy Total New Installations

8 The US is a Global Leader in Installed Capacity MW Global % China 42,287 21,8 USA 40,180 20,7 Italy France UK Canada Denmark China Germany 27,214 14,0 Spain 20,676 10,6 India 13,065 6,7 Italy 5,797 3,0 India Spain France 5,660 2,9 UK 5,204 2,7 Canada 4,009 2,1 Denmark 3, Rest of World 26,546 13,7 Germany USA

9 Relatively few States led the Success Source: U.S. Wind Industry Year-End Market Report

10 Texas dominates the US Wind Energy Market Texas Iowa 3675 California 3177 Minnesota 2192 Oregon Washington Megawatt Illinois 2046 North Dakota 1424 Colorado 1299 New York Source: U.S. Wind Industry Year-End Market Report

11 Texas Factsheet 10,085 MW of installation capacity The greatest installation in the US If Texas was a country it would have the 6th greatest installation in the world Output potential is 400 times as high as current energy demand 14% of all Energy output already comes from Wind Power

12 Texas Wind Energy Potential Texas leads the nation in world class wind power potential, and abundance of natural wind resources.

13 The World s largest Wind Farm Roscoe Wind Farm 627 Wind Generators MW of Total Capacity Over $1 billion in investments Enough energy for 230,00 households Built by E.ON Climate and Renewables Located in Taylor and Nolan counties, Texas

14 Agenda Market Overview Trends & Growth, Installed Capacity Promotional Programs & Costs Challenges Summary and Outlook

15 Various Funding Opportunities exist in the USA The Product Tax Credit (PTC) provides a tax exemption of $0.0215/kWh An alternative is the Investment Tax Credit (ITC), which amounts to 30% of the costs Instead of the PTC or the ITC, eligible parties can claim a cash settlement amounting to 30% of costs, provided construction begins by Dec. 31, The American Recovery and Reinvestment Act (ARRA) extends the PTC through 2012 and provides new funding and credit opportunities

16 Texas specific Incentives Texas Enterprise Fund (TEF) Provides financial resources to help strengthen the state s economy. The fund is used as a final incentive tool when a single Texas site is competing with another viable out-of-state option. Texas Emerging Technology Fund (TETF) Provides Texas with an advantage in the research, development, and commercialization of emerging technologies. Solar and Wind Energy Device Franchise Tax Deduction Texas allows a corporation or other entity subject to state franchise tax to deduct the cost of a solar or wind energy device from the franchise tax. Solar and Wind Energy Business Franchise Tax Exemption Companies in Texas engaged solely in the business of manufacturing, selling, or installing solar or wind energy devices are exempted from the franchise tax.

17 Low Production costs make Wind Energy Profitable Production costs per kwh fall between $0.03 and $0.07 per kwh in the US (minus PTC of $ per kwh) The electricity rate for industrial consumers averages $0.067 per kwh and $0.116 per kwh for end consumers

18 Renewable Portfolio Standards State* Goal California 33% through 2020 Washington 15% through 2020 New York 29% through 2015 Oregon 25% (large plants) 5%-10% (small plants) through 2025 Nevada 25% through 2025 Arizona 15% through 2025 Texas MW through 2015 State renewable portfolio standard State renewable portfolio goal Maine 30% through 2000 and 10% New Installations through 2017 District of Columbia 20% through 2020 * Selected examples

19 Agenda Market Overview Trends & Growth, Installed Capacity Promotional Programs & Costs Challenges Summary and Outlook

20 The High Voltage Network requires Modernization Source: Energy Information Administration

21 The Power Grid is arranged into three Regions Source: Energy Information Administration

22 Offshore Wind Installations remain a Distant Goal Offshore wind fields have a potential capacity of 900,000 MW Offshore construction isn t available in the US yet; the only project underway, currently in New York, has been postponed Nevertheless, measurement planning has already been begun in many locations around the country, including Texas and New York A giant project in the Gulf of Mexico has been submitted by Pavilion Energy Resources. This project, referred to as the Texas Coastal Clean Power Project, includes five wind farms with capacities of 10,000 MW each.

23 Challenges Federal support is not guaranteed in the long-term and is dependent on ever-changing political climates A poorly developed power supply network confines the connection possibilities and thus the turnover Skills shortages could limit the growth Offshore Projects are still in the initial stages Difficult patent law process

24 Agenda Market Overview Trends & Growth, Installed Capacity Promotional Programs & Costs Challenges Summary and Outlook

25 Present Situation Despite a still-recovering economic situation, the US market still exceeded expectations by achieving growth of 5,115 MW Overall, the market grew by more than 14% (compared to 6% in Germany) The US represents the second largest cumulative market in the world with an installation capacity of more than 40,180 MW States are increasingly adapting to wind energy specific requirements, encouraging the growth trend even more strongly In the long-term, the US market is expected to expand even further

26 Prospects After a relatively weak, 2011 will be a year of booming growth The stimulus package is supporting a strong growth trend New instatllions are expected in 2011 that will produce up to 10 GW Despite the economic downturn, investments in electricty plants and grid networks will make 305 GW a positive impact on 2011 Through returned liquidity, many projects put on hold during the recession will be reimplemented Total Capacity of 305 GW by 2030 is a realistic expectation

27 The GACC South Market Entry - Market Research - Business Partner Search - Site Selection USA - Recruiting Services - Collection Services Dallas, TX* Business Representation - Virtual Office - Accounting - Esttablishing a Company Other Services - Provide contacts with local experts - Exchange with other German companies Charlotte, NC* Greenville, SC* Houston, TX (Branch Office) * Chapter Nashville, TN* Atlanta, GA (Main Office)

28 Thank you for your Interest! German American Chamber of Commerce of the Southern United States, Inc. Silke Miehlke Director, Consulting Services

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