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Released September 01, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The Power Industry has changed course in recent years, shifting from fossil-fueled generation to renewables such as wind and solar power. Industrial Info is tracking more than $93 billion worth of power projects under construction in the U.S. By overall project value, nuclear power takes the lead, followed by wind and solar. Georgia, thanks to the construction of units 3 and 4 at the Vogtle nuclear power plant in Waynesboro, ranks highest in power project spending, followed by Texas, where wind and solar dominate.
By anyone's reckoning, the construction of the two new units at Plant Vogtle has not gone according to plan. The $27 billion project has consistently upped the costs of construction and pushed back its planned completion dates. The estimated costs of the reactors have nearly doubled from the originally proposed $14 billion in 2012. Project lead Georgia Power, a subsidiary of Southern Company (NYSE:SO) (Atlanta, Georgia), has said Unit 3 is expected to begin operating in the spring of 2022, followed by Unit 4 in 2023, although some independent monitors have cast doubts about the startup date for Unit 3.
In the latest drama with the plant, an inspection by the U.S. Nuclear Regulatory Commission found problems with the cabling on Unit 3, saying that safety and non-safety-related cables were not adequately separated, which could increase the risk of fire and affect redundant safety-related equipment designed to shut down the reactor. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the project report.
It's not all doom and gloom in the Georgia power sector, and power companies are taking the initiative to generate carbon-free power in other ways, such as wind and solar. Among these is RWE Renewables Americas LLC's (San Francisco, California) Broken Spoke solar plant in Camilla, in the south of the state. The facility will use more than 650,000 photovoltaic panels to generate up to 195.5 megawatts (MW). It will be accompanied by a 40-MW battery energy storage system (BESS). Construction began late last year and is expected to wrap up in the first half of next year. For more information, see Industrial Info's project reports on the solar farm and BESS.
Barring the Vogtle project, Texas would easily take the lead for the value of power projects under construction in the U.S., with about $12.4 billion worth. Wind and solar projects dominate the state's activity. Among the largest of these renewable energy projects is Tokyo Gas Company Limited's (Tokyo, Japan) solar facility in El Campo, about 75 miles southwest of Houston, Texas. The facility is being built on a 4,300-acre site and will use more than 1.6 million Jinko solar panels to generate 514 MW. Construction started late last year and is expected to wrap up in early 2022. Subscribers can click here for the project report.
One of the largest wind projects is underway near Ozona in West Texas. Plant owner NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida) and contractor Blattner Energy Incorporated (Avon, Minnesota) kicked off construction late last year. The windfarm will use 180 2.8-MW turbines to generate about 500 MW. Construction is set to be completed later this year. Subscribers can click here for the project report.
While BESS setups more typically accompany solar projects, they are beginning to be seen alongside windfarms. Earlier this year, Enel Green Power North America (Andover, Massachusetts) kicked off construction of its Ranchland I and Ranchland II wind facilities near Putnam, Texas, about 30 miles east of Abilene. Ranchland I will generate 115 MW, and Ranchland II will have a capacity of 148 MW. Accompanying the 70 wind turbines will be 71 MW of battery energy storage. The projects kicked off earlier this year and are expected to be completed in early 2022. For more information, see Industrial Info's project reports on Ranchland I, Ranchland II and the BESS facility.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
By anyone's reckoning, the construction of the two new units at Plant Vogtle has not gone according to plan. The $27 billion project has consistently upped the costs of construction and pushed back its planned completion dates. The estimated costs of the reactors have nearly doubled from the originally proposed $14 billion in 2012. Project lead Georgia Power, a subsidiary of Southern Company (NYSE:SO) (Atlanta, Georgia), has said Unit 3 is expected to begin operating in the spring of 2022, followed by Unit 4 in 2023, although some independent monitors have cast doubts about the startup date for Unit 3.
In the latest drama with the plant, an inspection by the U.S. Nuclear Regulatory Commission found problems with the cabling on Unit 3, saying that safety and non-safety-related cables were not adequately separated, which could increase the risk of fire and affect redundant safety-related equipment designed to shut down the reactor. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the project report.
It's not all doom and gloom in the Georgia power sector, and power companies are taking the initiative to generate carbon-free power in other ways, such as wind and solar. Among these is RWE Renewables Americas LLC's (San Francisco, California) Broken Spoke solar plant in Camilla, in the south of the state. The facility will use more than 650,000 photovoltaic panels to generate up to 195.5 megawatts (MW). It will be accompanied by a 40-MW battery energy storage system (BESS). Construction began late last year and is expected to wrap up in the first half of next year. For more information, see Industrial Info's project reports on the solar farm and BESS.
Barring the Vogtle project, Texas would easily take the lead for the value of power projects under construction in the U.S., with about $12.4 billion worth. Wind and solar projects dominate the state's activity. Among the largest of these renewable energy projects is Tokyo Gas Company Limited's (Tokyo, Japan) solar facility in El Campo, about 75 miles southwest of Houston, Texas. The facility is being built on a 4,300-acre site and will use more than 1.6 million Jinko solar panels to generate 514 MW. Construction started late last year and is expected to wrap up in early 2022. Subscribers can click here for the project report.
One of the largest wind projects is underway near Ozona in West Texas. Plant owner NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida) and contractor Blattner Energy Incorporated (Avon, Minnesota) kicked off construction late last year. The windfarm will use 180 2.8-MW turbines to generate about 500 MW. Construction is set to be completed later this year. Subscribers can click here for the project report.
While BESS setups more typically accompany solar projects, they are beginning to be seen alongside windfarms. Earlier this year, Enel Green Power North America (Andover, Massachusetts) kicked off construction of its Ranchland I and Ranchland II wind facilities near Putnam, Texas, about 30 miles east of Abilene. Ranchland I will generate 115 MW, and Ranchland II will have a capacity of 148 MW. Accompanying the 70 wind turbines will be 71 MW of battery energy storage. The projects kicked off earlier this year and are expected to be completed in early 2022. For more information, see Industrial Info's project reports on Ranchland I, Ranchland II and the BESS facility.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
