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Released May 09, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--As it continues to build out its renewables footprint, U.S. Midwest utility holding company Alliant Energy Corporation (NASDAQ:LNT) (Madison, Wisconsin) said last week it is on track to place more than 800 megawatts (MW) of solar generation in service in Wisconsin by the first half of 2024. Industrial Info is tracking $2.4 billion worth of capital-spending projects for Alliant Energy, nearly half of which is attributed to solar projects in Wisconsin that are expected to wrap up by the end of the year.
"We continue to be the largest owner-operator of solar in Wisconsin, we have all solar sites and panels in our control for our planned 1.1 gigawatts of utility-scale solar projects within Wisconsin, and we are on track to put the approximately 840 megawatts of remaining utility-scale solar in service by the first half of 2024," said John Larsen, the chief executive officer of Alliant, in a quarterly-related conference call May 4.
The project with the highest generating capacity is the 200-MW, $200 million Grant County Solar Project in Potosi, which plans to utilize about 750,000 photovoltaic (PV) solar modules to generate enough solar power for 50,000 homes annually. Construction kicked off in the fall of 2022 and is expected to wrap up by the end of the year; a 100-MW battery energy storage system (BESS) addition is planned to kick off in May 2024. Wisconsin Power and Light Company, Alliant's Wisconsin entity, expects to receive a decision on the BESS project's regulatory approval by the end of the quarter. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can see detailed reports on the Grant County solar and BESS projects.
Other Alliant solar projects in Wisconsin are expected to wrap up by the end of the year: the 100-MW, $110 million Springfield Solar Plant in Lomira, in July; the 150-MW, $150 million Onion River Solar Plant in Oostburg, in September; and the 99-MW, $120 million Wautoma Solar Plant, in October. Subscribers can see more information on the Springfield, Onion River and Wautoma projects.
Meanwhile, four smaller-scale solar projects are expected to wrap up by the end of May: the 75-MW Crawfish River Solar Plant in Jefferson; 65-MW Paddock PV Solar Plant in Beloit; 50-MW North Rock Solar Plant in Fulton; and 50-MW Albany Solar Plant. Subscribers can see more information on the Crawfish River, Paddock, North Rock and Albany projects.
The activity is part of Alliant's forecasted total capital expenditures of $8.5 billion for 2023 through 2026--about half of which is for renewable-energy generation. That includes $900 million in renewable-generation projects for 2023; 2024 would see $1.2 billion, out of $2.4 billion in net capex, followed by a decline to $725 million in 2025.
Meanwhile, in Alliant's other service area, Iowa, the utility's addition at its Kossuth Windfarm is in development, and construction is expected to kick off in March 2024. It would utilize 40 wind turbines from General Electric (NYSE:GE) (Boston, Massachusetts) to generate about 100 MW. Click here for the project report.
On the most recent earnings conference call, Chief Executive Officer Larsen said Alliant is evaluating plans to repower its existing wind facilities, although no related capital has been allocated at this time.
As part of its "Clean Energy Blueprint," Alliant aims to reach net-zero carbon emissions by 2050 and end its use of coal by 2040.
Subscribers to Industrial Info's GMI database can 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.
Click here for a full list active capital-spending projects attributed to Alliant Energy.
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).
"We continue to be the largest owner-operator of solar in Wisconsin, we have all solar sites and panels in our control for our planned 1.1 gigawatts of utility-scale solar projects within Wisconsin, and we are on track to put the approximately 840 megawatts of remaining utility-scale solar in service by the first half of 2024," said John Larsen, the chief executive officer of Alliant, in a quarterly-related conference call May 4.
The project with the highest generating capacity is the 200-MW, $200 million Grant County Solar Project in Potosi, which plans to utilize about 750,000 photovoltaic (PV) solar modules to generate enough solar power for 50,000 homes annually. Construction kicked off in the fall of 2022 and is expected to wrap up by the end of the year; a 100-MW battery energy storage system (BESS) addition is planned to kick off in May 2024. Wisconsin Power and Light Company, Alliant's Wisconsin entity, expects to receive a decision on the BESS project's regulatory approval by the end of the quarter. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can see detailed reports on the Grant County solar and BESS projects.
Other Alliant solar projects in Wisconsin are expected to wrap up by the end of the year: the 100-MW, $110 million Springfield Solar Plant in Lomira, in July; the 150-MW, $150 million Onion River Solar Plant in Oostburg, in September; and the 99-MW, $120 million Wautoma Solar Plant, in October. Subscribers can see more information on the Springfield, Onion River and Wautoma projects.
Meanwhile, four smaller-scale solar projects are expected to wrap up by the end of May: the 75-MW Crawfish River Solar Plant in Jefferson; 65-MW Paddock PV Solar Plant in Beloit; 50-MW North Rock Solar Plant in Fulton; and 50-MW Albany Solar Plant. Subscribers can see more information on the Crawfish River, Paddock, North Rock and Albany projects.
The activity is part of Alliant's forecasted total capital expenditures of $8.5 billion for 2023 through 2026--about half of which is for renewable-energy generation. That includes $900 million in renewable-generation projects for 2023; 2024 would see $1.2 billion, out of $2.4 billion in net capex, followed by a decline to $725 million in 2025.
Meanwhile, in Alliant's other service area, Iowa, the utility's addition at its Kossuth Windfarm is in development, and construction is expected to kick off in March 2024. It would utilize 40 wind turbines from General Electric (NYSE:GE) (Boston, Massachusetts) to generate about 100 MW. Click here for the project report.
On the most recent earnings conference call, Chief Executive Officer Larsen said Alliant is evaluating plans to repower its existing wind facilities, although no related capital has been allocated at this time.
As part of its "Clean Energy Blueprint," Alliant aims to reach net-zero carbon emissions by 2050 and end its use of coal by 2040.
Subscribers to Industrial Info's GMI database can 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.
Click here for a full list active capital-spending projects attributed to Alliant Energy.
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).
