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Released December 16, 2022 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--National Grid Renewables, the U.S.-focused unit of National Grid plc (NYSE:NGG) (London, England), has agreed to purchase an additional 1.6 gigawatts (GW) of solar modules (solar panels) from First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona). Industrial Info is tracking two major solar-manufacturing projects from First Solar, and $9.1 billion worth of active projects from National Grid plc and its subsidiaries in the U.S., of which more than $6.5 billion is for solar generation.
Deliveries of First Solar's Series 7 thin-film solar modules are expected in 2026 and 2027, the manufacturer said in a press release. This expands on the companies' previous agreement signed earlier this year for 2 GW of First Solar panels.
Among First Solar's projects are the planned construction of two thin-film panel-manufacturing plants, in Trinity, Alabama, capable of producing 3.5 GW per year, and a 3.3-GW-per-year plant in Perrysburg, Ohio. The projects are in their early planning phases. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can see detailed project reports for the Trinity and Perrysburg projects.
The Ohio project is expected to bring First Solar's total U.S. manufacturing investment to more than $4 billion, according to the press release, as the company forecasts it will expand production to more than 10 GW by 2025.
First Solar announced the Trinity project following the passage of the Inflation Reduction Act (IRA), which provides tax credits for renewable energy projects and necessary components such as solar panels and wind turbines. First Solar Chief Executive Officer Mark Widmar, on a call with news media earlier this year, said, "We believe that with the IRA, we have a durable industrial policy foundation, one that we have long been advocating for, that's comprehensive in its foundation and will enable the solar industry as a whole."
For more information on the IRA's effect on domestic solar panel manufacturing and renewable energy projects in general, see Industrial Info's October 11, 2022, article - Manufacturing for Renewable Energy Projects Makes Headway in U.S.
Meanwhile, First Solar and National Grid also have partnered on "multiple projects over a decade-long relationship," including two solar facilities that were completed in late 2021 and earlier this year, respectively: the 200-megawatt (MW) Prairie Wolf Photovoltaic (PV) Solar Plant in Illinois and the Noble solar-plus-storage project in Texas. Subscribers to the GMI Power Project Database can click here for the related project reports.
Among National Grid's projects are two grassroot solar plants that are under construction. Through its subsidiary Copperhead Solar LLC, a $270 million solar-plus-storage project at the Coral (Copperhead) PV Solar Farm in Marlin, Texas, about 20 miles southeast of Waco, will generate 152-MW utilizing First Solar panels and feature a 101-MW battery energy storage system (BESS). Construction is planned for completion in October 2023. Meanwhile, the 274-MW $220 million Yellowbud PV Solar Project in Chillicothe, Ohio, is expected to wrap up at the end of the year. Subscribers can see reports on the Copperhead and Yellowbud projects.
National Grid plans to kick off construction on two more solar PV projects in the next two years: the 250-MW, $300 million Blevins PV Solar Plant in Lott, Texas, also southeast of Waco, and the 200-MW, $380 million Caldwell PV Solar Plant in Fredonia, Kentucky. Subscribers can see reports for the Blevins and Caldwell projects.
In a November press release announcing its fiscal 2022-2033 half-year financial results, National Grid said that between fiscal 2022 and 2026, it plans to invest up to 40 billion euro (US$42.6 billion) across its energy networks and adjacent businesses in the U.K. and U.S., in "critical infrastructure," of which 29 billion euro ($3.08 billion) "will be directly in the decarbonisation of energy networks."
Capital investment in the company's first-half fiscal 2022-2023, which ended September 30, totaled 3.88 billion euro (US$4.04 billion), including 1.2 billion euro (US$1.27 billion) in New York State--where National Grid is one of the major developers behind the massive Energy Highway project. The ambitious, multi-year development aims to debottleneck some of the most congested areas in the state's power grid, of which National Grid is one of six separate transmission owners.
KeySpan Energy Corporation, one of National Grid's subsidiaries in New York, is updating and rebuilding its transmission and distribution (T&D) capacity in and around Albany, as part of the project. Subscribers can click here for a full list of projects related to the Energy Highway project, including five projects from KeySpan, one of which entails rebuilding a line within Schenectady. Each of KeySpan's projects is expected to wrap up in the third quarter of 2023.
Click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Deliveries of First Solar's Series 7 thin-film solar modules are expected in 2026 and 2027, the manufacturer said in a press release. This expands on the companies' previous agreement signed earlier this year for 2 GW of First Solar panels.
Among First Solar's projects are the planned construction of two thin-film panel-manufacturing plants, in Trinity, Alabama, capable of producing 3.5 GW per year, and a 3.3-GW-per-year plant in Perrysburg, Ohio. The projects are in their early planning phases. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can see detailed project reports for the Trinity and Perrysburg projects.
The Ohio project is expected to bring First Solar's total U.S. manufacturing investment to more than $4 billion, according to the press release, as the company forecasts it will expand production to more than 10 GW by 2025.
First Solar announced the Trinity project following the passage of the Inflation Reduction Act (IRA), which provides tax credits for renewable energy projects and necessary components such as solar panels and wind turbines. First Solar Chief Executive Officer Mark Widmar, on a call with news media earlier this year, said, "We believe that with the IRA, we have a durable industrial policy foundation, one that we have long been advocating for, that's comprehensive in its foundation and will enable the solar industry as a whole."
For more information on the IRA's effect on domestic solar panel manufacturing and renewable energy projects in general, see Industrial Info's October 11, 2022, article - Manufacturing for Renewable Energy Projects Makes Headway in U.S.
Meanwhile, First Solar and National Grid also have partnered on "multiple projects over a decade-long relationship," including two solar facilities that were completed in late 2021 and earlier this year, respectively: the 200-megawatt (MW) Prairie Wolf Photovoltaic (PV) Solar Plant in Illinois and the Noble solar-plus-storage project in Texas. Subscribers to the GMI Power Project Database can click here for the related project reports.
Among National Grid's projects are two grassroot solar plants that are under construction. Through its subsidiary Copperhead Solar LLC, a $270 million solar-plus-storage project at the Coral (Copperhead) PV Solar Farm in Marlin, Texas, about 20 miles southeast of Waco, will generate 152-MW utilizing First Solar panels and feature a 101-MW battery energy storage system (BESS). Construction is planned for completion in October 2023. Meanwhile, the 274-MW $220 million Yellowbud PV Solar Project in Chillicothe, Ohio, is expected to wrap up at the end of the year. Subscribers can see reports on the Copperhead and Yellowbud projects.
National Grid plans to kick off construction on two more solar PV projects in the next two years: the 250-MW, $300 million Blevins PV Solar Plant in Lott, Texas, also southeast of Waco, and the 200-MW, $380 million Caldwell PV Solar Plant in Fredonia, Kentucky. Subscribers can see reports for the Blevins and Caldwell projects.
In a November press release announcing its fiscal 2022-2033 half-year financial results, National Grid said that between fiscal 2022 and 2026, it plans to invest up to 40 billion euro (US$42.6 billion) across its energy networks and adjacent businesses in the U.K. and U.S., in "critical infrastructure," of which 29 billion euro ($3.08 billion) "will be directly in the decarbonisation of energy networks."
Capital investment in the company's first-half fiscal 2022-2023, which ended September 30, totaled 3.88 billion euro (US$4.04 billion), including 1.2 billion euro (US$1.27 billion) in New York State--where National Grid is one of the major developers behind the massive Energy Highway project. The ambitious, multi-year development aims to debottleneck some of the most congested areas in the state's power grid, of which National Grid is one of six separate transmission owners.
KeySpan Energy Corporation, one of National Grid's subsidiaries in New York, is updating and rebuilding its transmission and distribution (T&D) capacity in and around Albany, as part of the project. Subscribers can click here for a full list of projects related to the Energy Highway project, including five projects from KeySpan, one of which entails rebuilding a line within Schenectady. Each of KeySpan's projects is expected to wrap up in the third quarter of 2023.
Click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
