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Released September 10, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Between 2008 and 2018, Florida saw the most natural gas-fired power installations of any state, with 24% of all U.S. installations, according to the U.S. Energy Information Administration (EIA). Natural gas-fired power generation is expected to continue to grow in the Sunshine State and displace other fuel sources such as coal and petroleum liquids, the EIA added.
Industrial Info is tracking $8.6 billion worth of current natural gas-fired power capital project activity in Florida, which is second only to Texas.
Industrial Info is tracking $8.6 billion worth of current natural gas-fired power capital project activity in Florida, which is second only to Texas.
Click on the image at right for a graph showing natural gas-fired project activity by the top 10 states.
Florida added 15.7 gigawatts (GW) of utility-scale natural gas-fired power capacity between 2008 and 2018, according to the EIA's Monday Today in Energy report. "During the same period, electric utility net generation in Florida grew about 15%, increasing natural gas's share of the in-state generation fuel mix from nearly half (47%) to three-fourths (72%) of the total," it said.
About 40% of the state's existing 42 GW of natural gas generation capacity was constructed between 2008 and 2018, the EIA continued. Nearly all of the natural gas-fired capacity additions were natural gas combined-cycle units, it said, adding: "These electric utility additions have more than offset retirements of petroleum liquids-fired units (5.1 GW), conventional coal-fired units (2.8 GW), less-efficient natural gas-fired units (3.3 GW), and other retirements (0.9 GW)."
The increased capacity is feeding Florida's booming power demand. Florida was the third-largest state for electricity retail sales during 2017, and growth in its electricity sector has been among the fastest in the U.S. since 2007, the EIA said. Between 2008 and 2018, overall net generation in Florida increased by about 15% to reach 225,000 gigawatt hours (GWh).
The EIA said 1.8 GW of natural gas-fired electric generator capacity in Florida came online though first-quarter 2019, mainly from Florida Power & Light Company's (FPL) (Juno Beach, Florida) 1.6-GW Okeechobee Clean Energy Center. FPL is a subsidiary of NextEra Energy Incorporated (NYSE:NEE) (Juno Beach). For more information on the Okeechobee Clean Energy Center, see Industrial Info's project report.
Additional projects totaling more than 0.9 GW of nameplate capacity are scheduled to enter into service by 2021, the EIA said, including the Big Bend Power Station, which will convert one of its coal-fired electric generator units to run only on natural gas. The project will account for 84% of the increase in Florida's natural gas generation capacity by 2021.
Tampa Electric Company (Tampa, Florida), which is part of Emera Incorporated (Nova Scotia, Canada), is the owner of the Big Bend Power Station. Sargent & Lundy LLC (Chicago, Illinois) is providing engineering, procurement and construction (EPC) for the $853 million project, located near Apollo Beach, Florida. The 1,090-megawatt (MW) Unit 1 combined-cycle conversion kicked off construction in July and is planned for completion in mid-2021. For more information, see Industrial Info's project report. Also, see Industrial Info's project report for the natural gas fuel conversion of units 3 and 4 of the Big Bend Station.
Florida also is seeing rapid expansion of its solar photovoltaic power capacity. For more information, see July 3, 2019, article - Sunshine State, Indeed: Florida's $3 Billion-Plus in Solar Projects Put it Atop Sector
The closure of coal-fired power capacity, as natural gas and solar power continue to advance, has prompted warnings from Industrial Info Vice President of Research for the Power Global Industry Britt Burt, who voiced concerns that the U.S. power industry is losing much of its fuel diversity. For more information, see September 9, 2019, article - Coal and Coal-Fired Generation: From Bad to Worse.
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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Florida added 15.7 gigawatts (GW) of utility-scale natural gas-fired power capacity between 2008 and 2018, according to the EIA's Monday Today in Energy report. "During the same period, electric utility net generation in Florida grew about 15%, increasing natural gas's share of the in-state generation fuel mix from nearly half (47%) to three-fourths (72%) of the total," it said.
About 40% of the state's existing 42 GW of natural gas generation capacity was constructed between 2008 and 2018, the EIA continued. Nearly all of the natural gas-fired capacity additions were natural gas combined-cycle units, it said, adding: "These electric utility additions have more than offset retirements of petroleum liquids-fired units (5.1 GW), conventional coal-fired units (2.8 GW), less-efficient natural gas-fired units (3.3 GW), and other retirements (0.9 GW)."
The increased capacity is feeding Florida's booming power demand. Florida was the third-largest state for electricity retail sales during 2017, and growth in its electricity sector has been among the fastest in the U.S. since 2007, the EIA said. Between 2008 and 2018, overall net generation in Florida increased by about 15% to reach 225,000 gigawatt hours (GWh).
The EIA said 1.8 GW of natural gas-fired electric generator capacity in Florida came online though first-quarter 2019, mainly from Florida Power & Light Company's (FPL) (Juno Beach, Florida) 1.6-GW Okeechobee Clean Energy Center. FPL is a subsidiary of NextEra Energy Incorporated (NYSE:NEE) (Juno Beach). For more information on the Okeechobee Clean Energy Center, see Industrial Info's project report.
Additional projects totaling more than 0.9 GW of nameplate capacity are scheduled to enter into service by 2021, the EIA said, including the Big Bend Power Station, which will convert one of its coal-fired electric generator units to run only on natural gas. The project will account for 84% of the increase in Florida's natural gas generation capacity by 2021.
Tampa Electric Company (Tampa, Florida), which is part of Emera Incorporated (Nova Scotia, Canada), is the owner of the Big Bend Power Station. Sargent & Lundy LLC (Chicago, Illinois) is providing engineering, procurement and construction (EPC) for the $853 million project, located near Apollo Beach, Florida. The 1,090-megawatt (MW) Unit 1 combined-cycle conversion kicked off construction in July and is planned for completion in mid-2021. For more information, see Industrial Info's project report. Also, see Industrial Info's project report for the natural gas fuel conversion of units 3 and 4 of the Big Bend Station.
Florida also is seeing rapid expansion of its solar photovoltaic power capacity. For more information, see July 3, 2019, article - Sunshine State, Indeed: Florida's $3 Billion-Plus in Solar Projects Put it Atop Sector
The closure of coal-fired power capacity, as natural gas and solar power continue to advance, has prompted warnings from Industrial Info Vice President of Research for the Power Global Industry Britt Burt, who voiced concerns that the U.S. power industry is losing much of its fuel diversity. For more information, see September 9, 2019, article - Coal and Coal-Fired Generation: From Bad to Worse.
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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
