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Released July 14, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Leading Michigan utility DTE Energy Company (NYSE:DTE) (Detroit, Michigan) has joined other U.S. utilities in pledging an exit from coal and a buildout of renewable energy in order to achieve its net-zero carbon emissions goals by 2050. DTE last year signed power purchase agreements with carmakers Ford Motor Company (NYSE:F) (Dearborn, Michigan) and Stellantis NV (NYSE:STLA) (Hoofddorp, Netherlands), paving the way for increased solar power production in Michigan.
DTE announced that it plans to retire all of its operational coal-fired plants by 2032. The company has been announcing pending retirements over the past few years. Its most recent coal-fired plant retirements occurred last year, when it retired the Trenton Channel and St. Clair power plants in southeast Michigan. The Trenton Channel plant had been operating since 1924, and the St. Clair plant had been operating since 1953. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Plant Database can click here for the profile of the Trenton Channel plant and click here for the profile of the St. Clair power plant.
This week's announcement from DTE means the company will move forward its planned retirement of its coal-fired plant in Monroe, Michigan, by more than three years to 2032. The Monroe plant has been operating since 1969 and has a design capacity of more than 3,000 megawatts (MW). Two units will be shut by the end of 2028, with the two remaining units to go by the end of 2032, or possibly earlier. Subscribers can click here for the plant profile.
But in its exit from coal, DTE is taking steps in addition to retirements. The company plans to convert units 1 and 2 at its Belle River coal-fired plant in China Township, Michigan, to operate as a natural gas-fired peaking plant in times of high energy demand. Each unit has a current nameplate generating capacity of 697 MW. The conversion of Unit 1 is expected to be completed in 2025, followed by Unit 2 in 2026. Each unit conversion would take only a few months to complete from start to finish. Subscribers to Industrial Info's Power Project Database can click here for the related reports.
So what is DTE proposing to replace the retired assets? The company plans to add about 3,800 MW of renewable power by the end of this decade, about 400 MW more than originally planned. A DTE subsidiary also will add 780 MW of power storage by 2030.
Last year, DTE began accelerating its renewables plans when it signed power purchase agreements (PPAs) with Ford and Stellantis. In August, DTE agreed to add 650 MW of solar generation in Michigan to power Ford's plants in the state. At the time, the deal represented the largest renewable energy purchase ever made in the U.S. from a utility. This was followed in December with an announcement regarding Stellantis. Under this agreement, DTE will add a further 400 MW of solar projects in Michigan, enabling Stellantis to power its plants in southeast Michigan.
With such ambitious plans, DTE's renewable energy project portfolio in Michigan is fairly slim at the moment. Among the company's solar energy projects is a 24-MW facility at a capped landfill site in Ann Arbor. According to a municipal website, the facility will be able to power about 5,000 homes in the area. Construction is expected to be completed next summer. Subscribers can click here for more details.
But DTE itself won't be sourcing all of the renewable energy called for in its plans from its own plants. The company also is aiming to enter into its own PPAs for 1,320 MW of renewable energy. DTE has already taken some steps toward this end. For example, the renewable energy branch of finance firm D.E. Shaw Group (New York, New York), D. E. Shaw Renewable Investments, is underway with construction of the River Fork solar farm near Albion, Michigan. The facility will use 560,000 Jinko solar panels on a single-axis tracking system to provide 149 MW of power. D.E. Shaw has signed PPAs for the facility's output, including 49 MW to go to DTE. The project is expected to wrap up early next year. Subscribers can click here for the full report.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the 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).
DTE announced that it plans to retire all of its operational coal-fired plants by 2032. The company has been announcing pending retirements over the past few years. Its most recent coal-fired plant retirements occurred last year, when it retired the Trenton Channel and St. Clair power plants in southeast Michigan. The Trenton Channel plant had been operating since 1924, and the St. Clair plant had been operating since 1953. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Plant Database can click here for the profile of the Trenton Channel plant and click here for the profile of the St. Clair power plant.
This week's announcement from DTE means the company will move forward its planned retirement of its coal-fired plant in Monroe, Michigan, by more than three years to 2032. The Monroe plant has been operating since 1969 and has a design capacity of more than 3,000 megawatts (MW). Two units will be shut by the end of 2028, with the two remaining units to go by the end of 2032, or possibly earlier. Subscribers can click here for the plant profile.
But in its exit from coal, DTE is taking steps in addition to retirements. The company plans to convert units 1 and 2 at its Belle River coal-fired plant in China Township, Michigan, to operate as a natural gas-fired peaking plant in times of high energy demand. Each unit has a current nameplate generating capacity of 697 MW. The conversion of Unit 1 is expected to be completed in 2025, followed by Unit 2 in 2026. Each unit conversion would take only a few months to complete from start to finish. Subscribers to Industrial Info's Power Project Database can click here for the related reports.
So what is DTE proposing to replace the retired assets? The company plans to add about 3,800 MW of renewable power by the end of this decade, about 400 MW more than originally planned. A DTE subsidiary also will add 780 MW of power storage by 2030.
Last year, DTE began accelerating its renewables plans when it signed power purchase agreements (PPAs) with Ford and Stellantis. In August, DTE agreed to add 650 MW of solar generation in Michigan to power Ford's plants in the state. At the time, the deal represented the largest renewable energy purchase ever made in the U.S. from a utility. This was followed in December with an announcement regarding Stellantis. Under this agreement, DTE will add a further 400 MW of solar projects in Michigan, enabling Stellantis to power its plants in southeast Michigan.
With such ambitious plans, DTE's renewable energy project portfolio in Michigan is fairly slim at the moment. Among the company's solar energy projects is a 24-MW facility at a capped landfill site in Ann Arbor. According to a municipal website, the facility will be able to power about 5,000 homes in the area. Construction is expected to be completed next summer. Subscribers can click here for more details.
But DTE itself won't be sourcing all of the renewable energy called for in its plans from its own plants. The company also is aiming to enter into its own PPAs for 1,320 MW of renewable energy. DTE has already taken some steps toward this end. For example, the renewable energy branch of finance firm D.E. Shaw Group (New York, New York), D. E. Shaw Renewable Investments, is underway with construction of the River Fork solar farm near Albion, Michigan. The facility will use 560,000 Jinko solar panels on a single-axis tracking system to provide 149 MW of power. D.E. Shaw has signed PPAs for the facility's output, including 49 MW to go to DTE. The project is expected to wrap up early next year. Subscribers can click here for the full report.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the 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).
