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Released January 16, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Energy Information Administration (EIA) expects solar generation to be the leading source of growth in the U.S. power-generation mix in 2024 and 2025, increasing by 36 gigawatts (GW) and 43 GW of new generation, respectively, according to the agency's January Short Term Energy Outlook (STEO). The EIA expects this will boost solar to make up 6% of the total U.S. generation mix in 2024 and 7% in 2025, up from 4% in 2023.
In an overview of the forecast, the EIA said: "Driven by our forecast of rising generation from solar and to a lesser extent wind, we expect that electricity generation from coal will decline by 9% in 2024 and by 10% in 2025, due to a combination of higher costs compared with renewables and another 12 GW of coal-fired capacity retiring over the next two years. We expect that electricity generation from natural gas will be unchanged in 2024 and 2025 compared with 2023."
For more information on the status of coal-fired and natural gas generation in the U.S., see Industrial Info's December 26, 2023, article - 2023 was a Hard Year for U.S. Coal-Fired Generation, Future Still Looks Bleak, and January 4, 2024, article - TVA Brings New Natural Gas Power Generation Online.
Industrial Info is tracking billions of dollars' worth of solar-generation projects under construction, with Texas leading all states in total investment value (TIV) at more than $11.5 billion in activity.
Among those projects is the construction of Spanish renewable energy company Acciona Energy's (Alcobendas) $495 million Red-Tailed Hawk solar farm in Wharton County, about 60 miles southeast of Houston. The facility is expected to generate roughly 350 MW of solar power using photovoltaic (PV) panels. Acciona and engineering, procurement and construction contractor Wanzek Construction Incorporated (Fargo, North Dakota) expect the project will wrap up in late 2024. Also underway but expected to wrap up in February is Ørsted A/S' (Fredericia, Denmark) 250-MW, $280 million solar facility addition at its Helena Energy Center in Beeville, about 60 miles northwest of Corpus Christi, which already features an operational windfarm.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases see can read detailed reports on the Red-Tailed Hawk and Beeville projects, and click here for more information on the Helena Energy Center.
In addition to placing solar projects under construction, Texas also leads the U.S. in planned solar kickoffs in the first quarter. For more information, see December 28, 2023, article - Texas Leads U.S. Solar-Power Kickoffs in First-Quarter 2024.
Another U.S. solar project under construction is attributed to EDP Renewables North America LLC, a subsidiary of Energias de Portugal S.A. (EDP) (Lisbon, Portugal), and its 300-MW, $400 million Sandrini solar-plus-storage project in Mojave, California. The project has two power purchase agreements (PPAs) in place for the total output, according to the company website: Shell Energy North America (Houston, Texas), a unit of Shell plc (NYSE:SHEL) (London, England) will receive 200 MW, and Redwood Coast Energy Authority (Eureka, California) will offtake 100 MW. Subscribers can click here for the project report.
Among the U.S. solar projects planned to kick off in June of this year and wrap up by the end of 2025 is NextEra's proposed $530 million expansion of the Dunns Bridge Solar Plant in Tefft, Indiana, which is expected to add 435 MW of capacity to the existing 265 MW, and Hecate Energy's (Chicago, Illinois) 650-MW, proposed $715 million Pinnington solar plant in Jacksboro, Texas, northwest of Dallas. Subscribers can read more information on the Dunns Bridge and Pinnington projects.
Subscribers to Industrial Info's GMI Database can click here to see reports for all of the projects discussed in this article and click here for the related 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).
In an overview of the forecast, the EIA said: "Driven by our forecast of rising generation from solar and to a lesser extent wind, we expect that electricity generation from coal will decline by 9% in 2024 and by 10% in 2025, due to a combination of higher costs compared with renewables and another 12 GW of coal-fired capacity retiring over the next two years. We expect that electricity generation from natural gas will be unchanged in 2024 and 2025 compared with 2023."
For more information on the status of coal-fired and natural gas generation in the U.S., see Industrial Info's December 26, 2023, article - 2023 was a Hard Year for U.S. Coal-Fired Generation, Future Still Looks Bleak, and January 4, 2024, article - TVA Brings New Natural Gas Power Generation Online.
Industrial Info is tracking billions of dollars' worth of solar-generation projects under construction, with Texas leading all states in total investment value (TIV) at more than $11.5 billion in activity.
Among those projects is the construction of Spanish renewable energy company Acciona Energy's (Alcobendas) $495 million Red-Tailed Hawk solar farm in Wharton County, about 60 miles southeast of Houston. The facility is expected to generate roughly 350 MW of solar power using photovoltaic (PV) panels. Acciona and engineering, procurement and construction contractor Wanzek Construction Incorporated (Fargo, North Dakota) expect the project will wrap up in late 2024. Also underway but expected to wrap up in February is Ørsted A/S' (Fredericia, Denmark) 250-MW, $280 million solar facility addition at its Helena Energy Center in Beeville, about 60 miles northwest of Corpus Christi, which already features an operational windfarm.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases see can read detailed reports on the Red-Tailed Hawk and Beeville projects, and click here for more information on the Helena Energy Center.
In addition to placing solar projects under construction, Texas also leads the U.S. in planned solar kickoffs in the first quarter. For more information, see December 28, 2023, article - Texas Leads U.S. Solar-Power Kickoffs in First-Quarter 2024.
Another U.S. solar project under construction is attributed to EDP Renewables North America LLC, a subsidiary of Energias de Portugal S.A. (EDP) (Lisbon, Portugal), and its 300-MW, $400 million Sandrini solar-plus-storage project in Mojave, California. The project has two power purchase agreements (PPAs) in place for the total output, according to the company website: Shell Energy North America (Houston, Texas), a unit of Shell plc (NYSE:SHEL) (London, England) will receive 200 MW, and Redwood Coast Energy Authority (Eureka, California) will offtake 100 MW. Subscribers can click here for the project report.
Among the U.S. solar projects planned to kick off in June of this year and wrap up by the end of 2025 is NextEra's proposed $530 million expansion of the Dunns Bridge Solar Plant in Tefft, Indiana, which is expected to add 435 MW of capacity to the existing 265 MW, and Hecate Energy's (Chicago, Illinois) 650-MW, proposed $715 million Pinnington solar plant in Jacksboro, Texas, northwest of Dallas. Subscribers can read more information on the Dunns Bridge and Pinnington projects.
Subscribers to Industrial Info's GMI Database can click here to see reports for all of the projects discussed in this article and click here for the related 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).
