Repowering Wind Projects

The repowering market segment is continuing to grow and will achieve 1–3 gigawatts per year, with an estimated value of $25 billion through 2030. This presents a great opportunity for wind farm owners, operators, and developers. Repowering offers much more power output and profits from turbines at a lower cost over the extended project life, thus greatly increasing the asset value. However, repowering can be expensive, overwhelming and complex. Detailed agreements, legal, tax, regulatory and environmental hurdles, if not properly understood can lead to losses in revenues and assets. Navigating PPAs and other revenue agreements, interconnection, O&M, and ancillary agreements, as well as optimizing tax benefits from PTC/ITC extensions and dealing all the issues necessitates an advanced and detailed understanding of the factors that can impact a repowering.