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Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Five large gas-fired power projects valued at about $4.9 billion are scheduled to kick off in Ohio over the next nine months, according to Industrial Info's North American Industrial Project Platform. The aggregate generating capacity of these projects is about 5,130 megawatts (MW). These future plants follow the recent completion of an 870-MW unit at the Oregon Clean Energy Center, a grassroot natural gas plant in northwest Ohio.
Ohio power-plant owners have closed 50 coal-fired units since 2008, according to a recent report from the Union of Concerned Scientists (UCS) (Cambridge, Massachusetts). For more information, see December 11, 2017, article - UCS Report Claims 21% of Existing U.S. Coal Units is Uneconomic. The new crop of generators slated for construction in Ohio, which are expected to be fueled in part by gas extracted from the Buckeye State's Utica Shale, will replace some of that state's shuttered coal-fired generation. And if Ohio lawmakers don't find a way to extend aid to the financially ailing nuclear power plants operated by FirstEnergy Corporation (NYSE:FE) (Akron, Ohio), new gas units could replace nuclear generation that may be closed in that state. For more on FirstEnergy's effort to win financial support for its nuclear plants, see October 4, 2017, article - Electricity Scrum Set to Resume in Ohio Legislature.
Despite relatively low natural gas prices, the Appalachian region, which includes the Marcellus and Utica shale formations, produces about 25 billion cubic of gas per day -- roughly 33% of the natural gas produced in the U.S., according to the U.S. Energy Information Administration (Washington, D.C.). Many industry experts expect production there to continue rising in 2018 and beyond.
Click on the image at right to see natural gas production from the Appalachian region.
Leading off construction activities is the $1.5 billion Guernsey Power Station being developed by Apex Power Group LLC (Plainfield, Indiana) and Caithness Energy LLC (New York, New York). The 1,650-MW project will be built in Guernsey County, in southeastern Ohio. Construction is scheduled to begin in April 2018, and the facility is scheduled to begin generating electricity in the second half of 2020. View Industrial Info's project report here for more information.
Following the Guernsey project, contractors are scheduled to break ground on the Hannibal Port Power Station, a 485-MW, $550 million brownfield project also located in southeastern Ohio. That combined-cycle project, developed by private equity firm Fortress Investment Group LLC (NYSE:FIG) (New York, New York), will sit atop an abandoned aluminum smelter. The developer has scheduled construction to start in May 2018 and finish in September 2020. For more information, see Industrial Info's project report.
Construction also is slated to begin next May on the Trumbull Energy Center, a 940-MW combined-cycle generator valued at $860 million. CME Energy LLC (Boston, Massachusetts) is developing the Trumbull project, which is scheduled to be completed in November 2020. Fluor Corporation (NYSE:FLR) (Irving, Texas) will provide engineering, procurement and construction (EPC) services, and a unit of Siemens Energy Incorporated (Orlando, Florida) will provide design-build services. For more information, see Industrial Info's project report here.
Next July, construction is expected to begin on the South Field Energy Center, a 1,100-MW, $1.1 billion grassroots combined-cycle generator in northeastern Ohio. The project, which is being developed by Advanced Power AG (Zug, Switzerland), is scheduled for completion in October 2020. Bechtel (San Francisco, California) will provide EPC services to this project. For more information, see Industrial Info's project report.
Dirt is scheduled to be turned next August on Unit 2 of the Oregon Clean Energy Center. A 955-MW plant valued at about $860 million, this plant is expected to begin generating electricity by August 2020. CME Energy also owns this project, and Fluor will provide EPC services. The power plant will be built in Lucas County in northwestern Ohio. View Industrial Info's project report here for more on the Oregon facility.
"In some ways, Ohio is a mirror reflection of the U.S. power business right now," said Britt Burt, Industrial Info's vice president of research for the Global Power Industry. "Older, less efficient coal-fired units are closing. Nuclear power remains challenged. The new high-efficiency gas-fired units being constructed will burn gas extracted from unconventional formations. And as renewable generation becomes more competitive, more of those projects are being developed."
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 TM, 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
Ohio power-plant owners have closed 50 coal-fired units since 2008, according to a recent report from the Union of Concerned Scientists (UCS) (Cambridge, Massachusetts). For more information, see December 11, 2017, article - UCS Report Claims 21% of Existing U.S. Coal Units is Uneconomic. The new crop of generators slated for construction in Ohio, which are expected to be fueled in part by gas extracted from the Buckeye State's Utica Shale, will replace some of that state's shuttered coal-fired generation. And if Ohio lawmakers don't find a way to extend aid to the financially ailing nuclear power plants operated by FirstEnergy Corporation (NYSE:FE) (Akron, Ohio), new gas units could replace nuclear generation that may be closed in that state. For more on FirstEnergy's effort to win financial support for its nuclear plants, see October 4, 2017, article - Electricity Scrum Set to Resume in Ohio Legislature.
Despite relatively low natural gas prices, the Appalachian region, which includes the Marcellus and Utica shale formations, produces about 25 billion cubic of gas per day -- roughly 33% of the natural gas produced in the U.S., according to the U.S. Energy Information Administration (Washington, D.C.). Many industry experts expect production there to continue rising in 2018 and beyond.
Leading off construction activities is the $1.5 billion Guernsey Power Station being developed by Apex Power Group LLC (Plainfield, Indiana) and Caithness Energy LLC (New York, New York). The 1,650-MW project will be built in Guernsey County, in southeastern Ohio. Construction is scheduled to begin in April 2018, and the facility is scheduled to begin generating electricity in the second half of 2020. View Industrial Info's project report here for more information.
Following the Guernsey project, contractors are scheduled to break ground on the Hannibal Port Power Station, a 485-MW, $550 million brownfield project also located in southeastern Ohio. That combined-cycle project, developed by private equity firm Fortress Investment Group LLC (NYSE:FIG) (New York, New York), will sit atop an abandoned aluminum smelter. The developer has scheduled construction to start in May 2018 and finish in September 2020. For more information, see Industrial Info's project report.
Construction also is slated to begin next May on the Trumbull Energy Center, a 940-MW combined-cycle generator valued at $860 million. CME Energy LLC (Boston, Massachusetts) is developing the Trumbull project, which is scheduled to be completed in November 2020. Fluor Corporation (NYSE:FLR) (Irving, Texas) will provide engineering, procurement and construction (EPC) services, and a unit of Siemens Energy Incorporated (Orlando, Florida) will provide design-build services. For more information, see Industrial Info's project report here.
Next July, construction is expected to begin on the South Field Energy Center, a 1,100-MW, $1.1 billion grassroots combined-cycle generator in northeastern Ohio. The project, which is being developed by Advanced Power AG (Zug, Switzerland), is scheduled for completion in October 2020. Bechtel (San Francisco, California) will provide EPC services to this project. For more information, see Industrial Info's project report.
Dirt is scheduled to be turned next August on Unit 2 of the Oregon Clean Energy Center. A 955-MW plant valued at about $860 million, this plant is expected to begin generating electricity by August 2020. CME Energy also owns this project, and Fluor will provide EPC services. The power plant will be built in Lucas County in northwestern Ohio. View Industrial Info's project report here for more on the Oregon facility.
"In some ways, Ohio is a mirror reflection of the U.S. power business right now," said Britt Burt, Industrial Info's vice president of research for the Global Power Industry. "Older, less efficient coal-fired units are closing. Nuclear power remains challenged. The new high-efficiency gas-fired units being constructed will burn gas extracted from unconventional formations. And as renewable generation becomes more competitive, more of those projects are being developed."
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 TM, 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
