Weekly Observations
- Wind Resource. Wind speeds continue to lag y/y across much of the US here in May – a carry over from some soft weeks at the end of April. Last week was particularly soft for windspeeds in the Midwest, which saw a 28% w/w decline and May is tracking down 5% vs. year-ago. Texas wind was a bright spot last week, up 11% week to week and now up 4% from year ago levels in May.
- Wind Generation. Lower wind speeds across the US, especially in the Midwest, drove a 10% decline in US Wind power generation w/w; however, 2Q is still tracking higher y/y thanks to strong wind speeds early in April and a higher installed base of generation capacity.
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