美国风电光伏电站及储能市场概况.pdf

2022WIND+UTILITY SCALE SOLAR+STORAGEMarket OverviewJeff ChesterGlobal Co-Head of Energy Project FinanceMarch 13,2023Jeffrey Chester|+1(310)428-4598 2023 Greenberg Traurig,LLP2About GTGreenberg Traurig,LLP(GT)hasmore than 2,650 attorneys in 44locationsintheUnitedStates,Europe,Latin America,Asia,andthe Middle East.GT has beenrecognizedforitsphilanthropicgiving,diversity,and pro bono.Thefirm has reported gross revenue ofover$2 billion.GT is consistentlyamong the top firms on the AmLaw 100,Am Law Global 100,NLJ250,and Law360(US)400.The firm is net carbon neutral withrespect to its office energy usageand Mansfield Rule 5.0 Certified.2023 Greenberg Traurig,LLP3New U.S.Wind Power Capacity8,612 MW Installed in 2022Source:ACP500100-250250-500 2023 Greenberg Traurig,LLP4New U.S.Utility Scale Solar Power Capacity12,589 MW Installed in 2022Source:ACP 50050-100100-500 2023 Greenberg Traurig,LLP5Planned Utility-Scale Solar PV Generating Capacity DelaysSource:U.S.Energy Information Agency 2023 Greenberg Traurig,LLP6U.S.Annual and Cumulative Clean Power Capacity GrowthSource:ACP 2023 Greenberg Traurig,LLP7Cumulative U.S.Wind Power Capacity143,969 MW Installed by Year-End 2022Source:ACPTexas40,310Colorado5,204Iowa12,817Nebraska3,512Minnesota4,946New Mexico4,318Ohio1,111Illinois7,048Michigan3,231California6,117Ind.3,468Nevada152Arizona618Oregon4,233Utah391Missouri2,435Maine1,031N.Y.2,192Hawaii233D.C.0Virginia2,824Arkansas0Vermont149Mass.120R.I.79Conn.5N.J.9S.Carolina0North Carolina208Md.191Georgia0Florida0Ala.0Pennsylvania1,459Washington3,518Idaho973Kansas8,245Wisconsin737Miss.0La.0N.H.214Kentucky0Tennessee28Del.2AK64Montana1,486Oklahoma12,473North Dakota4,390South Dakota3,407Puerto Rico 125WV859Wyoming3,177 10,000 MW 5,000 to 10,000 MW3,000 to 5,000 MW 1,000 to 3,000 MW 1,000 MW 2023 Greenberg Traurig,LLP8Cumulative U.S.Utility Scale Solar Capacity74,079 MW Installed by Year-End 2022Source:ACPTexas12,445Colorado1,287Iowa259Nebraska43Minnesota1,154New Mexico855Ohio484Illinois968Michigan528California17,610Ind.674Nevada3,814Arizona2,811Oregon800Utah1,538Missouri89Maine378N.Y.1,044Hawaii327D.C.20Virginia2,824Arkansas325Vermont139Mass.1,326R.I.223Conn.323N.J.1,036S.Carolina1,334North Carolina5,971Md.605Georgia3,457Florida6,005Ala.524Pennsylvania283Washington191Idaho362Kansas32Wisconsin715Miss.319La.125N.H.6Kentucky76Tennessee365Del.87AK1Montana17Oklahoma46North Dakota0South Dakota1Puerto Rico 143WV0Wyoming92 1,000 to 3,000 MW3,000 to 5,000 MW 5,000 to 10,000 MW 10,000 MW 2023 Greenberg Traurig,LLP9Wind and Solar Penetration in ERCOTSource:ERCOTWind Generation record:27,044 MW(May 31,2022)Wind Penetration record:69.15 percent(April 10,2022)36,909 MW of installed wind capacity as of December 202214,806 MW of utility-scale installed solar capacity as of December 20222,788 MW of installed battery storage as of December 2022 2023 Greenberg Traurig,LLP10Wind and Solar Penetration in CAISOSource:CAISOHistorical Peaks(as of January 31,2023)Installed Renewable Resources(as of January 31,2023)2023 Greenberg Traurig,LLP11Wind and Solar Penetration in SPPSource:Southwest Power PoolWind Peak22,915 MW10:34 p.m.CT|February 15,2022Wind Penetration88.5%10:34 p.m.CT|February 15,2022Renewable Peak23,802 MW9:25 p.m.CT|March 28,2022Renewable Penetration90.2%2:42 a.m.CT|March 28&29,2022 2023 Greenberg Traurig,LLP12Real Time Generation Mix41%20%21%Source:MISO and PJMMISOFebruary 23,2023 4:05 pm CTPJMFebruary 23,2023 2:00 pm CT26%35%16%19%4%42%32%12%9%3%.01%.01%.01%.01%2023 Greenberg Traurig,LLPFebruary 23,2023 4:05 p.m.Central Time13NYISO Real Time Generation MixSource:NYISO 2023 Greenberg Traurig,LLP14In First Half of 2022,24%of U.S.Electricity Generation Came From RenewablesSource:U.S.Energy Information Agency 2023 Greenberg Traurig,LLP15Wind was Second Largest Source of Electricity on March 29,2022Source:U.S.Energy Information Agency 2023 Greenberg Traurig,LLP16Wind Energy Penetration in Global Markets Source:ACP 2023 Greenberg Traurig,LLP17Investment&New Capacity Additions for US Power GenerationSource:Wood Mackenzie 2023 Greenberg Traurig,LLP18More Than Half of New U.S.Electric-Generating Capacity in 2023 Will Be SolarSource:U.S.Energy Information Agency 2023 Greenberg Traurig,LLP19Renewable Power Plants Reducing U.S.Electricity Generation from Natural Gas and CoalSource:U.S.Energy Information Administration 2023 Greenberg Traurig,LLP20Wind and Solar LCOEs(Unsubsidized)Source:Lazard 2023 Greenberg Traurig,LLP21U.S.Annual and Cumulative Utility Battery Storage Capacity GrowthSource:ACP 2023 Greenberg Traurig,LLP22Battery Storage 2022Source:ACP 2023 Greenberg Traurig,LLP23Hybrid Capacity 2022Source:ACP 2023 Greenberg Traurig,LLP24EV Outlook Source:EVAdoption 2023 Greenberg Traurig,LLP25U.S.Offshore Wind Pipeline(40,083 MW)Source:NREL 2023 Greenberg Traurig,LLP26U.S.Offshore Locations May 2022Source:NREL 2023 Greenberg Traurig,LLP27Wind Developer Market ShareYear End 2022 8,612 MWSource:ACPDeveloper MW NextEra Energy Resources2,688Invenergy1,298RWE Renewables Americas,LLC677ENGIE North America602Enel Green Power North America600rsted Wind Power North America LLC561Apex Clean Energy Inc.424EDF Renewables397Leeward Renewable Energy380Northrenew Energy|Taaleri Energia Ltd.336Amshore Renewable Energy|Duke Energy Sustainable Solutions207AVANGRID201Others(200 MW)375NextEra Energy Resources31%Invenergy15%RWE Renewables Americas,LLC8%ENGIE North America7%Enel Green Power North America7%rsted Wind Power North America 6%Apex Clean Energy Inc.5%EDF Renewables5%Leeward Renewable Energy4%Northrenew Energy|Taaleri Energia Ltd.4%Amshore Renewable Energy|Duke Energy Sustainable Solutions2%AVANGRID2%Others(200 MW)4%2023 Greenberg Traurig,LLP28Utility Scale Solar Developer Market ShareYear End 2022 12,589 MWDeveloper MW Intersect Power1,114NextEra Energy Resources812Duke Energy697Terra-Gen LLC578Florida Power&Light522Invenergy500rsted430Pine Gate Renewables400Recurrent Energy400ENGIE North America351Copenhagen Infrastructure Partners350Savion,LLC350LightSource340EDF Renewables316Avantus300National Grid279Others(250 MW)4,878Intersect Power9%NextEra Energy Resources6%Duke Energy6%Terra-Gen LLC5%Florida Power&Light4%Invenergy4%rsted3%Pine Gate Renewables3%Recurrent Energy3%ENGIE North America3%Copenhagen Infrastructure Partners3%Savion,LLC3%LightSource3%EDF Renewables3%Avantus2%National Grid2%Others(250 MW)39%2023 Greenberg Traurig,LLP29Compare to 2003 1,687 Wind MWs InstalledNextEra(FPL Energy),48%Shell,10%Shell&Avangrid,10%Avangrid(PPM),9%Other Developers/Owners,23%2023 Greenberg Traurig,LLP30Top Wind Developers for the Last 5 Years:2018 2022Source:ACPDeveloper MW NextEra Energy Resources10,527Invenergy6,547Apex Clean Energy4,138ENGIE North America2,915EDP Renewables North America2,355EDF Renewables2,292Enel Green Power2,040Tradewind Energy1,782RWE Renewables1,769Pattern Energy1,734AVANGRID1,543rsted Wind Power North America LLC1,509MidAmerican Energy1,261Clearway Energy1,083Others(1,000 MW)14,791NextEra Energy Resources19%Invenergy12%Apex Clean Energy7%ENGIE North America5%EDP Renewables North America4%EDF Renewables4%Enel Green Power4%Tradewind Energy3%RWE Renewables3%Pattern Energy3%AVANGRID3%rsted3%MidAmerican Energy2%Clearway Energy2%Others(1,000 MW)26%2023 Greenberg Traurig,LLP31Top Solar Developers for the Last 5 Years:2018 2022Source:ACPDeveloper MW NextEra Energy Resources2,347First Solar1,692Intersect Power1,414EDF Renewables1,377Duke Energy1,207LightSource1,202Avantus1,142Invenergy1,094FPL1,043ENGIE North America916Recurrent Energy863D.E.Shaw Renewables Investments856Orsted850Terra-Gen LLC723Longroad Energy679Others(650 MW)29,430NextEra Energy Resources5%First Solar4%Intersect Power3%EDF Renewables3%Duke Energy3%LightSource3%Avantus2%Invenergy2%Florida Light&Power2%ENGIE North America2%Recurrent Energy2%D.E.Shaw Renewables Investments2%Orsted2%Terra-Gen LLC2%Longroad Energy1%Others(650 MW)63%2023 Greenberg Traurig,LLP32Top U.S.Wind Owners:Net Ownership Year End 2022Source:ACPOwner MW NextEra Energy22,897AVANGRID8,289MidAmerican Energy7,396EDP Renewables North America5,556Enel Green Power North America5,256RWE Renewables Americas,LLC5,243rsted Wind Power North America LLC3,043ENGIE North America2,915Clearway Energy Group2,905EDF Renewables2,674PacificCorp2,409Southern Power2,398Invenergy2,339BHE Renewables2,308Pattern Energy Group2,265AEP Renewables2,126Others(2,000 MW)63,952NextEra Energy16%AVANGRID6%MidAmerican Energy5%EDP Renewables North America4%Enel Green Power North America4%RWE Renewables Americas,LLC4%rsted2%ENGIE North America2%Clearway Energy Group2%EDF Renewables2%PacificCorp2%Southern Power2%Invenergy2%BHE Renewables2%Pattern Energy Group2%AEP Renewables1%Others(2,000 MW)44%2023 Greenberg Traurig,LLP33Top U.S.Utility Scale Solar Owners:Net Ownership Year End 2022Source:ACPOwner MW NextEra Energy Resources4,774Florida Power&Light3,391Duke Energy2,900Consolidated Edison2,733Global Atlantic Financial Group2,081sPower1,985Dominion Energy1,779Capital Dynamics1,751BHE Renewables1,724D.E.Shaw Renewable Investments1,599Clearway Energy Group1,395Silicon Ranch Corporation1,338ENGIE North America1,228HPS Investment1,228SB Energy1,190Lightsource1,182Orsted1,149Others(1,100 MW)41,283NextEra Energy Resources6%Florida Power&Light5%Duke Energy4%Consolidated Edison4%Global Atlantic Financial Group3%sPower3%Dominion Energy2%Capital Dynamics2%BHE Renewables2%D.E.Shaw Renewable Investments2%Clearway Energy Group2%Silicon Ranch Corporation2%ENGIE North America2%HPS Investment2%SB Energy2%Lightsource2%Orsted2%Others(1,100 MW)55%2023 Greenberg Traurig,LLP34Energy Storage Owners(End of 2022)Source:ACPOwner MW Jupiter Power LLC400NextEra Energy Resources394Terra-Gen LLC351Recurrent Energy350LS Power325Luminant Energy260AES Clean Energy231CALPERS230Pacific Gas&Electric183AIP Management160Key Capture Energy,LLC150Goldman Sachs&Co.140National Grid135Southern California Edison112Others(100 MW)713Jupiter Power LLC10%NextEra Energy Resources10%Terra-Gen LLC8%Recurrent Energy8%LS Power8%Luminant Energy6%AES Clean Energy6%CALPERS6%Pacific Gas&Electric4%AIP Management4%Key Capture Energy,LLC4%Goldman Sachs&Co.3%National Grid3%Southern California Edison3%Others($100 million)Source:IJGlobalSponsorsProject Name(MW)Lead BanksValue(USD m)Quinbrook Low Carbon Power FundGemini Solar PV Plant&Battery Storage FacilityLead Arrangers:KeyBanc Capital Markets;MUFG;Bank of America;Nord LBOther Banks:Amalgamated Investment Bank;Associated Bank;Bank of China;Bank of Montreal;BNP Paribas Fortis;Cadence Bank;Comerica Bank;Commerzbank;Credit Agricole Group;DnB NOR Bank;Fifth Third Bank;Huntington National Bank;MetLife;National Australia Bank;National Bank of Canada;PNC Bank;Regions Bank;Silicon Valley Bank;Societe Generale;Truist Bank;Voya Financial1,300Terra-Gen PowerEdwards Sanborn Solar PV PlantLead Arrangers:BNP Paribas;CoBank;ING Bank;NomuraOther Banks:Aozora Bank;Rabobank;US Bank959Longroad EnergySun Streams 3 Solar PV PlantLead Arrangers:KeyBanc Capital Markets;Canadian Imperial Bank of CommerceOther Banks:Australia and New Zealand Banking Group;Commerzbank;PNC Bank;Silicon Valley Bank679Arevon Energy ManagementEland I Solar PV PlantLead Arrangers:KeyBanc Capital Markets;Canadian Imperial Bank of Commerce;Wells Fargo;CoBank;Credit Agricole Group;Zions Bancorporation605Haddington Ventures;Magnum Development;Mitsubishi PowerThe Advanced Clean Energy Storage Hydrogen HubUnited States Department of Energy504Intersect PowerOberon I Solar PV PlantLead Arrangers:KeyBanc Capital Markets;MUFG Bank;Santander;Bank of America Securities;CoBank;Helaba;Nord LB;Zions Bancorporation485 2023 Greenberg Traurig,LLP462022 Announced Project Finance DebtBy Sponsor($100 million)Source:IJGlobalSponsorsProject Name(MW)Lead BanksValue(USD m)JERAEl Sauz Wind FarmSumitomo Mitsui Banking Corporation;Mizuho Bank;MUFG Bank;KeyBanc Capital Markets460Clearway EnergyDaggett 2 Solar PV PlantNatixis;Nord LB;Societe Generale;Sumitomo Mitsui Banking Corporation447Global Energy Generation(GEG)Mammoth I Solar PV PlantBanco Sabadell;Bank of America Securities;Bayern LB;Comerica Bank;Deutsche Bank;Intesa Sanpaolo;MetLife;National Bank of Canada392Pine Gate RenewablesPorter Solar PV PlantMUFG Bank;Siemens Financial Services;Sumitomo Mitsui Banking Corporation358Apex Clean EnergyGreat Pathfinder Wind FarmBank of America Securities;Santander Bank;Sumitomo Mitsui Banking Corporation348Intersect PowerLumina I Solar PV PlantBank of America;CoBank;Helaba;KeyBanc Capital Markets;MUFG Bank;Nord LB;Santander302Intersect PowerLumina II Solar PV PlantBank of America;CoBank;Helaba;KeyBanc Capital Markets;MUFG Bank;Nord LB;Santander291Greenbacker Capital;rPlusEnergiesAppaloosa Solar PV PlantKeyBanc Capital Markets;JP Morgan267Omega EnergiaGoodnight Wind Farm Phase IMUFG Bank;Rabobank;Sumitomo Mitsui Banking Corporation237 2023 Greenberg Traurig,LLP472022 Announced Project Finance DebtBy Sponsor($100 million)Source:IJGlobalSponsorsProject Name(MW)Lead BanksValue(USD m)Fengate Asset ManagementPrairie Switch Wind FarmMUFG Bank215Longroad EnergyThree Corners Solar PV PlantKeyBanc Capital Markets;US Bank194DESRIBartonsville Solar PV PlantDnB NOR Bank;National Bank of Canada;Societe Generale169Algonquin Power Income FundSandy Ridge Wind Farm 2Bank of Montreal;Canadian Imperial Bank of Commerce;Sumitomo Mitsui Banking Corporation162Terra-Gen PowerSagebrush Energy StorageCoBank;ING Bank;MUFG Bank148Community EnergyGreat Cove Solar PV PlantCitigroup;HSBC;National Bank of Canada135Matrix RenewablesGaskell West 2&3 Solar Portfolio&BESSCommonwealth Bank of Australia;HSBC;MUFG Bank;National Bank of Canada129Pine Gate RenewablesBulldog Solar PV PlantBanco Sabadell;MUFG Bank;Zions Bancorporation125Excelsior EnergySkyhawk Solar PV PlantNord LB;Sumitomo Mitsui Banking Corporation124Innergex Renewable EnergyWaimea Solar PV PlantMUFG Bank122Pine Gate RenewablesGunsight Solar PV PlantMUFG Bank;Siemens;Sumitomo Mitsui Banking Corporation120 2023 Greenberg Traurig,LLP482022 Announced Project Finance DebtBy SponsorSource:IJGlobalSponsorsProject Name(MW)Lead BanksValue(USD m)Pine Gate RenewablesPhobos Solar PVMUFG Bank;Siemens;Sumitomo Mitsui Banking Corporation120CleneraApex Solar PV PlantBank of America Securities;Nord LB117Pine Gate RenewablesCabin Creek Solar PV PlantMUFG Bank;Siemens;Sumitomo Mitsui Banking Corporation117KEPCOConcho Valley Solar PV PlantNord LB;Rabobank114Pine Gate RenewablesAllora Solar PV PlantMUFG Bank;Siemens;Sumitomo Mitsui Banking Corporation107Revity EnergyRobin Hollow Solar PV PlantBlackstone105AES CorporationLancaster Battery StorageCredit Agricole;Export Development Bank of Canada;KeyBanc Capital Markets;Silicon Valley Bank104 2023 Greenberg Traurig,LLP49U.S.Renewable M&A ActivitySource:CohnReznick1 Announcements tracked through SparkSpread,RenewablesN,and available press releases through January 5,2023.2023 Greenberg Traurig,LLP502022 Selected Platform AcquisitionsSource:FTl Consulting 2023 Greenberg Traurig,LLP51GT Renewables TeamRepresen