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Released January 12, 2022 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Solar power continues to dominate other sources in terms of additions to the U.S. energy mix. Utility-scale solar generating capacity will account for 21.5 gigawatts (GW) of new capacity in 2022, according to the U.S. Energy Information Administration (EIA), or more than 46% of all additions to the nationwide energy mix. In the first quarter alone, Industrial Info is tracking more than $14.2 billion worth of solar-energy projects set to begin construction across the U.S., with Texas accounting for nearly $4 billion of the total.
Click on the image at right for an EIA graph of planned utility-scale energy-generation capacity additions that are set to begin construction across the U.S. in full-year 2022.
Of the $14.2 billion total, Industrial Info believes about $5 billion worth has a high (81% to 99%) probability of beginning construction as planned, while about $5.6 billion worth has a medium (70% to 80%) probability, and $3.6 billion worth has a low (0% to 69%) probability. These findings are consistent with recent data from the U.S. Federal Energy Regulatory Commission (FERC) (Washington, D.C.), which shows solar accounting for the lion's share of U.S. energy-generation projects scheduled to begin operations between November 2021 and October 2024--for both all probabilities and only high probabilities. For more information on the FERC findings, see January 10, 2022, article - Rush to Renewables Shows No Sign of Slowing Down.
Click on the image at right for a heat map of U.S. solar-generation projects set to begin construction from January through March, from Industrial Info's Geolocator tool.
Most planned solar additions in full-year 2022 will be in Texas, which will account for 6.1 GW of the 21.5 GW of new capacity, according to the EIA. Among the largest is Swift Current Energy's (Boston, Massachusetts) $250 million Tres Bahias Solar Plant in Point Comfort, which is designed to generate 195 megawatts (MW) from about 700,000 photovoltaic (PV) monocrystalline panels provided by JinkoSolar. The project is expected to begin construction before the end of March and wrap up in the summer of 2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more from a detailed project report.
Vistra Energy Corporation (NYSE:VST) (Irving, Texas) is preparing to begin construction on two solar projects in northeastern Texas: the $220 million Oak Hill Solar Plant in Henderson, and the $220 million Forest Grove Solar Plant in Athens. Each facility is expected to generate 200 MW from PV panels provided by First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona). The Oak Hill project is located on the site of a coal mine that Vistra subsidiary Luminant Energy retired in 2016. Subscribers can read detailed reports on the Oak Hill and Forest Grove projects.
California follows Texas for the most planned solar additions in full-year 2022, at about 4 GW, according to the EIA. But in the first quarter, Arizona and Nevada follow Texas with 1.79 and 1.1 GW of additions, respectively, according to Industrial Info's GMI Database. 174 Power Global Corporation's (Irvine, California) $1.25 billion Atlas Solar Farm near Salome, Arizona, about 100 miles west of Phoenix, is the single highest-valued solar project set to kick off in the U.S. before the end of March. It is designed to generate 1 GW from 2 million solar panels supplied by Hanwha Energy Corporation (Seoul, South Korea), which is 174 Power's parent company. Subscribers can learn more from Industrial Info's project report.
In Nevada, two projects near Las Vegas are expected to supply the area with nearly 600 MW: Arevia Power's (Glendale, California) $726 million Gemini Solar Plant, which is designed to generate 440 MW from 1.1 million PV modules, and NV Energy Incorporated's (Reno, Nevada) $300 million Dry Lake Solar Energy Center, which is designed to generate 150 MW from 375,000 thin-film PV panels. In both cases, the PV equipment will be supplied by First Solar. Arevia is partnering with Quinbrook Infrastructure Partners Pty Limited (Queensland, Australia) on the Gemini project. NV Energy is a subsidiary of Berkshire Hathaway Incorporated (NYSE:BRK.A) (Omaha, Nebraska). Subscribers can learn more from Industrial Info's reports on the Gemini and Dry Lake projects.
Subscribers to Industrial Info's GMI Power Project Database can click here for a full list of U.S. solar-generation projects set to begin construction from January through March.
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.
Click on the image at right for an EIA graph of planned utility-scale energy-generation capacity additions that are set to begin construction across the U.S. in full-year 2022.Of the $14.2 billion total, Industrial Info believes about $5 billion worth has a high (81% to 99%) probability of beginning construction as planned, while about $5.6 billion worth has a medium (70% to 80%) probability, and $3.6 billion worth has a low (0% to 69%) probability. These findings are consistent with recent data from the U.S. Federal Energy Regulatory Commission (FERC) (Washington, D.C.), which shows solar accounting for the lion's share of U.S. energy-generation projects scheduled to begin operations between November 2021 and October 2024--for both all probabilities and only high probabilities. For more information on the FERC findings, see January 10, 2022, article - Rush to Renewables Shows No Sign of Slowing Down.
Click on the image at right for a heat map of U.S. solar-generation projects set to begin construction from January through March, from Industrial Info's Geolocator tool.Most planned solar additions in full-year 2022 will be in Texas, which will account for 6.1 GW of the 21.5 GW of new capacity, according to the EIA. Among the largest is Swift Current Energy's (Boston, Massachusetts) $250 million Tres Bahias Solar Plant in Point Comfort, which is designed to generate 195 megawatts (MW) from about 700,000 photovoltaic (PV) monocrystalline panels provided by JinkoSolar. The project is expected to begin construction before the end of March and wrap up in the summer of 2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more from a detailed project report.
Vistra Energy Corporation (NYSE:VST) (Irving, Texas) is preparing to begin construction on two solar projects in northeastern Texas: the $220 million Oak Hill Solar Plant in Henderson, and the $220 million Forest Grove Solar Plant in Athens. Each facility is expected to generate 200 MW from PV panels provided by First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona). The Oak Hill project is located on the site of a coal mine that Vistra subsidiary Luminant Energy retired in 2016. Subscribers can read detailed reports on the Oak Hill and Forest Grove projects.
California follows Texas for the most planned solar additions in full-year 2022, at about 4 GW, according to the EIA. But in the first quarter, Arizona and Nevada follow Texas with 1.79 and 1.1 GW of additions, respectively, according to Industrial Info's GMI Database. 174 Power Global Corporation's (Irvine, California) $1.25 billion Atlas Solar Farm near Salome, Arizona, about 100 miles west of Phoenix, is the single highest-valued solar project set to kick off in the U.S. before the end of March. It is designed to generate 1 GW from 2 million solar panels supplied by Hanwha Energy Corporation (Seoul, South Korea), which is 174 Power's parent company. Subscribers can learn more from Industrial Info's project report.
In Nevada, two projects near Las Vegas are expected to supply the area with nearly 600 MW: Arevia Power's (Glendale, California) $726 million Gemini Solar Plant, which is designed to generate 440 MW from 1.1 million PV modules, and NV Energy Incorporated's (Reno, Nevada) $300 million Dry Lake Solar Energy Center, which is designed to generate 150 MW from 375,000 thin-film PV panels. In both cases, the PV equipment will be supplied by First Solar. Arevia is partnering with Quinbrook Infrastructure Partners Pty Limited (Queensland, Australia) on the Gemini project. NV Energy is a subsidiary of Berkshire Hathaway Incorporated (NYSE:BRK.A) (Omaha, Nebraska). Subscribers can learn more from Industrial Info's reports on the Gemini and Dry Lake projects.
Subscribers to Industrial Info's GMI Power Project Database can click here for a full list of U.S. solar-generation projects set to begin construction from January through March.
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.
