- Wind Resource. After a great March and early-April, Texas wind resource has been AWOL in mid- to late-April. The past two weeks have seen Texas wind speeds drop from above the five-year high to near the five-year low. In particular, the northwest portion of the state has underperformed and wind farms are dense there. Wind speeds across much of the U.S. were poor as well last week, with the total resource we monitor dropping 17% w/w (the MidAtlantic and California regions joined Texas in the step down).
- Wind Generation. Lower wind speeds across the US drove a 30% decline in US Wind power generation w/w; however, April and 2Q are still tracking higher y/y thanks to strong wind speeds early in April and a higher installed base of generation capacity.