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Released January 15, 2020 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--According to the U.S. Energy Information Administration (EIA), wind and solar power will contribute the largest amount of new capacity addition to the U.S. power mix this year. The agency expects about 42 gigawatts (GW) of new power to be added, with wind contributing 44% of this and solar 32%. Natural gas runs in third place, with 22%. In addition to an overall gain to the country's generating capacity, the additions also replace some retiring capacity, coming primarily from coal and older natural gas-fired plants. Industrial Info is tracking more than $52.5 billion in wind and solar projects that are scheduled to be completed in the U.S. this year.
Wind
According to the EIA, more than half of the new wind capacity will be implemented in November and December, which is typical as developers try to start generation at yearend, before the possible expiration of the Production Tax Credit (PTC), which provides financial benefits to wind developers. While the PTC was set to expire at the end of 2019, Congress extended it through this year, providing an incentive for additional wind development in the U.S.
The largest share of new 2020 wind capacity additions will go to Texas, which generates more wind power than any other state. Among the largest Texas wind projects set for completion by the end of this year is the Grape Creek Windfarm, which is being is being built in West Texas by Apex Clean Energy Incorporated (Charlottesville, Virginia). The 524-megawatt (MW) windfarm will feature 185 General Electric (NYSE:GE) 2.8-MW wind turbines. Construction on the $900 million project started in November last year, with Fagen Incorporated (Granite Falls, Minnesota) as the contractor. For more information, see Industrial Info's project report.
Outside of Texas, DTE Energy Company (NYSE:DTE) (Detroit, Michigan) is underway with construction on the 385-MW Isabella Windfarm in Weidman, Michigan, about 75 miles northeast of Grand Rapids. The facility will feature 136 2.75-MW wind turbines. Construction began last year and is expected to wrap up in fourth-quarter 2020. For more information, see Industrial Info's project report.
Industrial Info is tracking more than 120 wind power developments that are on track to be completed in the U.S. this year.
Solar
Compared with wind's $33 billion in U.S. completions, solar comes in at $19 billion. According to the EIA, Texas also leads in planned solar power capacity additions, with an estimated 22% of the 13.5 GW planned to be added. Among the Texas projects on track to be completed this year is Engie North America Incorporated's (Houston, Texas) Long Draw solar farm near Gail, Texas, about 75 miles northeast of Midland. The facility will use 652,800 Yingli solar panels to generate 200 MW. Construction began in the first half of last year and is expected to be completed this summer. For more information, see Industrial Info's project report.
Elsewhere, Pegasus Group Holdings (Las Vegas, Nevada) is underway with its $900 million, 340-MW solar array, known as The Hive, in Mohave County, Arizona. The array will include 160,000 solar panels fixed to mobile trailers placed across 717 acres. The facility will provide power to an upcoming data center, and excess power will be released to the grid. The project is expected to wrap up this summer. For more information, see Industrial Info's project report.
Coal-Fired Retirements
Renewable energy projects are going a long way toward replacing upcoming retirements. The EIA expects about 11 GW in U.S. power retirements in 2020, of which coal will account for 5.8 GW. More than half of the retirements are planned for Kentucky and Ohio. In Ohio, six coal-fired units with a combined capacity of 1,064 MW at the Walter C. Beckjord Power Station in New Richmond are being dismantled and demolished. The plant has been offline for a few years. In 2018, co-owners Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina), American Electric Power (NYSE:AEP) (Columbus, Ohio) and DP&L Incorporated (Dayton, Ohio) sold the facility to Commercial Liability Partners (Saint Louis, Missouri), which plans to repurpose the brownfield site for future development. MCM Management Corporation (Bloomfield Hills, Michigan) is providing engineering, procurement and construction services on the project, which is expected to be completed by the end of this year. For more information, see Industrial Info's project report.
Other coal dismantlement/demolition projects slated to wrap up this year are in Kentucky, North Dakota and Michigan.
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.
Wind
According to the EIA, more than half of the new wind capacity will be implemented in November and December, which is typical as developers try to start generation at yearend, before the possible expiration of the Production Tax Credit (PTC), which provides financial benefits to wind developers. While the PTC was set to expire at the end of 2019, Congress extended it through this year, providing an incentive for additional wind development in the U.S.
The largest share of new 2020 wind capacity additions will go to Texas, which generates more wind power than any other state. Among the largest Texas wind projects set for completion by the end of this year is the Grape Creek Windfarm, which is being is being built in West Texas by Apex Clean Energy Incorporated (Charlottesville, Virginia). The 524-megawatt (MW) windfarm will feature 185 General Electric (NYSE:GE) 2.8-MW wind turbines. Construction on the $900 million project started in November last year, with Fagen Incorporated (Granite Falls, Minnesota) as the contractor. For more information, see Industrial Info's project report.
Outside of Texas, DTE Energy Company (NYSE:DTE) (Detroit, Michigan) is underway with construction on the 385-MW Isabella Windfarm in Weidman, Michigan, about 75 miles northeast of Grand Rapids. The facility will feature 136 2.75-MW wind turbines. Construction began last year and is expected to wrap up in fourth-quarter 2020. For more information, see Industrial Info's project report.
Industrial Info is tracking more than 120 wind power developments that are on track to be completed in the U.S. this year.
Solar
Compared with wind's $33 billion in U.S. completions, solar comes in at $19 billion. According to the EIA, Texas also leads in planned solar power capacity additions, with an estimated 22% of the 13.5 GW planned to be added. Among the Texas projects on track to be completed this year is Engie North America Incorporated's (Houston, Texas) Long Draw solar farm near Gail, Texas, about 75 miles northeast of Midland. The facility will use 652,800 Yingli solar panels to generate 200 MW. Construction began in the first half of last year and is expected to be completed this summer. For more information, see Industrial Info's project report.
Elsewhere, Pegasus Group Holdings (Las Vegas, Nevada) is underway with its $900 million, 340-MW solar array, known as The Hive, in Mohave County, Arizona. The array will include 160,000 solar panels fixed to mobile trailers placed across 717 acres. The facility will provide power to an upcoming data center, and excess power will be released to the grid. The project is expected to wrap up this summer. For more information, see Industrial Info's project report.
Coal-Fired Retirements
Renewable energy projects are going a long way toward replacing upcoming retirements. The EIA expects about 11 GW in U.S. power retirements in 2020, of which coal will account for 5.8 GW. More than half of the retirements are planned for Kentucky and Ohio. In Ohio, six coal-fired units with a combined capacity of 1,064 MW at the Walter C. Beckjord Power Station in New Richmond are being dismantled and demolished. The plant has been offline for a few years. In 2018, co-owners Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina), American Electric Power (NYSE:AEP) (Columbus, Ohio) and DP&L Incorporated (Dayton, Ohio) sold the facility to Commercial Liability Partners (Saint Louis, Missouri), which plans to repurpose the brownfield site for future development. MCM Management Corporation (Bloomfield Hills, Michigan) is providing engineering, procurement and construction services on the project, which is expected to be completed by the end of this year. For more information, see Industrial Info's project report.
Other coal dismantlement/demolition projects slated to wrap up this year are in Kentucky, North Dakota and Michigan.
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.
