The following is from a report prepared by Lisa Linowes Wind Action Org.
By the end of 2010, New York State claimed fifteen wind energy facilities totaling an installed capacity of 1,275 megawatts. The projects are geographically distributed in the northern and western regions of the State but typically away from denser population centers including New York City with the highest demand for electricity.
Twelve of the fifteen projects comprise the bulk of the nameplate capacity (1225 megawatts). These facilities went into service in the years between 2006 and February 2009. Less than 50 megawatts of wind was installed prior to 2006. Since early 2009, wind development in the State has been largely stagnant with only one wind project built in the last two years. Iberdrola's 74 megawatt Hardscrabble project went online in February 2011, so the figures show 10+ months of performance. It will be another year before we can get a good understanding of performance. Link here to Original
The New York Independent System Operator (NYISO) recently released its 2012 Gold Book revealing that wind did not perform any better than in past years.
The table below shows how little energy is produced by some of the wind projects in New York State.
The following commentary was sent to me by a sharp reader.
A couple of things that jump out at me are
1) at very best no project reached 30%, a figure commonly touted by the industry in its advertising.
2) the consistency of the data. I'm not sure about how they calculated the 23.5% as an overall average (e.g., did they include the 0 and 1.4%), but regardless most CF were at the low end of the 20s.
What I am wondering is what CFs were used in these companies pitch to investors?
I'd assume they tried to sell the project and opted on the positive side. If so, then how do these real world CFs affect the financial projections? Moreover, are these figures being incorporated into new wind project proposals?
If we were investing in some business venture that fell short of promises and only delivered 78% of the promised return, wouldn't that be a big story?
(The promise = 30%, actual 23.5%; 6.5%/30%= 21.7% below promises, or only 78% of the promise). For these big time investors taking even a small hit on their expected profits would send a terrible message, but 22% loss sounds monumental.
I wish I was a CPA who had access to wind financials.