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Released January 12, 2018 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Energy Information Administration (EIA) says it expects total domestic generation from renewables to drop 3% in 2018, then to increase 7% in 2019. The initial dip is attributed largely to hydropower, which is expected to drop 12% in 2018, then jump 2% in 2019. By comparison, renewable energy from non-hydropower (largely wind and solar) is forecast to grow 3% in 2018 and 9% in 2019, according to the EIA's Short-Term Energy Outlook. Industrial Info is tracking $31.4 billion in active, renewable-generated U.S. power projects that are set to finish construction in 2018.
Only $1.6 billion of the $31.4 billion total is attributed to hydropower projects, and nearly half of that amount is tied to two projects under construction: Grant County Public Utility District's (Ephrata, Washington) $500 million upgrade at the Wanapum Hydro Power Station in Beverly, Washington, and Western Minnesota Municipal Power Agency's (Ortonville, Minnesota) $224 million addition to the Red Rock Lake & Dam Hydro plant in Knoxville, Iowa.
The Wanapum project is expected to boost generation from 10 General Electric (NYSE:GE) turbine sets from 104 to 122 megawatts (MW), as well as to extend their service lives, while the Red Rock Lake project is expected to add 36.4 MW through a pair of Voith turbines. For more information, see Industrial Info's reports on the Wanapum and Red Rock Lake projects.
By comparison, Industrial Info is tracking more than $11 billion in solar-power projects that are set to be completed in 2018. The EIA estimates both small-scale and large-scale domestic solar capacity will grow in the next two years. Small-scale capacity stood at 16 gigawatts (GW) at the end of 2017, but is expected to hit 19 GW at the end of 2018 and 23 GW at the end of 2019. Large-scale capacity totaled 27 GW at the end of 2017, but is expected to reach 30 GW by the end of 2018 and 42 MW by the end of 2019.
States taking the lead in large-scale solar capacity additions are California, Florida, North Carolina and Texas. California is the undisputed leader, with two highly anticipated projects set to be brought online: Consolidated Edison Incorporated's (NYSE:ED) (New York City, New York) $3.4 billion Panoche Valley Solar Station in Paicines and First Solar Incorporated's (NASDAQ:FSLR) (Tempe, Arizona) $300 million Willow Springs Solar Farm in Rosamond. The Panoche Valley project is expected to generate 130 MW and wrap up over the summer, while the Willow Springs project is expected to generate 150 MW toward the end of the year. For more information, see Industrial Info's reports on the Panoche Valley and Willow Springs projects.
Texas, often called California's ideological rival, is stepping up its efforts on solar with two projects of its own: NRG Energy Incorporated's (NYSE:NRG) (Princeton, New Jersey) $250 million Buckthorn Solar Plant in Fort Stockton, which will generate about 155 MW using First Solar's mono-crystalline photovoltaic (PV) panels, and NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) proposed, $187 million Blue Bell Solar Farm in Sterling City, which, if built, would generate 173 MW. For more information, see Industrial Info's reports on the Buckthorn and Blue Bell projects.
The EIA estimates large-scale domestic wind capacity, which totaled 88 GW at the end of 2017, will hit 96 GW by the end of 2018 and 104 GW by the end of 2019. Industrial Info is tracking $16.6 billion in projected wind-generated power completions for 2018, with Texas, Iowa, Oklahoma and Colorado out in front.
The single highest-valued of these is Invenergy LLC's (Chicago, Illinois) $690 million Santa Rita Wind Energy Center in Big Lake, Texas, which is expected to generate 300 MW from 120 turbines. Not far behind is Alliant Energy Corporation's (NYSE:LNT) (Madison, Wisconsin) $580 million Upland Prairie Windfarm in Spencer, Iowa, which will generate an identical amount from 94 GE turbines. For more information, see Industrial Info's reports on the Santa Rita and Upland Prairie projects.
Enel Green Power North America Incorporated (Andover, Massachusetts), a subsidiary of Enel SpA (Rome, Italy), is at work on the $420 million Red Dirt Windfarm in Hennessey, Oklahoma, which is expected to generate 300 MW from 100 Acciona generators, while Xcel Energy Incorporated's (NYSE:XEL) (Minneapolis, Minnesota) $500 million Rush Creek Windfarm Phase I in Silma, Colorado will generate 300 MW from 150 Vestas turbines. For more information, see Industrial Info's reports on the Red Dirt and Rush Creek projects.
The EIA noted in its Short Term Energy Outlook that if the forecast levels of both wind and hydro generation are met in 2019, it would be the first time that wind generation surpasses hydropower as the leading source of renewable generation.
Join Industrial Info on January 17 at its North American Industrial Market Outlook event in Houston, Texas. Please join us as we discuss the latest trends that will impact project spending in North America, including the Gulf Coast region, over the next 12-24 months. Industrial Info is tracking almost 2,000 projects valued at more than $395 billion in the Texas and Louisiana Gulf Coast region, with almost 23% of the investment dollars currently expected to kick off in 2018. Following the presentation, join us for our networking event with your industry peers. Complimentary drinks and hors d'oeuvres will be served. IIR's industry experts will also be available after the presentation for Q&A. Finally, learn about what's new with IIR's Global Market Intelligence (GMI) Integrated Platform and get live demonstrations of our new tools and databases. RSVP Now!
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/.
Only $1.6 billion of the $31.4 billion total is attributed to hydropower projects, and nearly half of that amount is tied to two projects under construction: Grant County Public Utility District's (Ephrata, Washington) $500 million upgrade at the Wanapum Hydro Power Station in Beverly, Washington, and Western Minnesota Municipal Power Agency's (Ortonville, Minnesota) $224 million addition to the Red Rock Lake & Dam Hydro plant in Knoxville, Iowa.
The Wanapum project is expected to boost generation from 10 General Electric (NYSE:GE) turbine sets from 104 to 122 megawatts (MW), as well as to extend their service lives, while the Red Rock Lake project is expected to add 36.4 MW through a pair of Voith turbines. For more information, see Industrial Info's reports on the Wanapum and Red Rock Lake projects.
By comparison, Industrial Info is tracking more than $11 billion in solar-power projects that are set to be completed in 2018. The EIA estimates both small-scale and large-scale domestic solar capacity will grow in the next two years. Small-scale capacity stood at 16 gigawatts (GW) at the end of 2017, but is expected to hit 19 GW at the end of 2018 and 23 GW at the end of 2019. Large-scale capacity totaled 27 GW at the end of 2017, but is expected to reach 30 GW by the end of 2018 and 42 MW by the end of 2019.
States taking the lead in large-scale solar capacity additions are California, Florida, North Carolina and Texas. California is the undisputed leader, with two highly anticipated projects set to be brought online: Consolidated Edison Incorporated's (NYSE:ED) (New York City, New York) $3.4 billion Panoche Valley Solar Station in Paicines and First Solar Incorporated's (NASDAQ:FSLR) (Tempe, Arizona) $300 million Willow Springs Solar Farm in Rosamond. The Panoche Valley project is expected to generate 130 MW and wrap up over the summer, while the Willow Springs project is expected to generate 150 MW toward the end of the year. For more information, see Industrial Info's reports on the Panoche Valley and Willow Springs projects.
Texas, often called California's ideological rival, is stepping up its efforts on solar with two projects of its own: NRG Energy Incorporated's (NYSE:NRG) (Princeton, New Jersey) $250 million Buckthorn Solar Plant in Fort Stockton, which will generate about 155 MW using First Solar's mono-crystalline photovoltaic (PV) panels, and NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) proposed, $187 million Blue Bell Solar Farm in Sterling City, which, if built, would generate 173 MW. For more information, see Industrial Info's reports on the Buckthorn and Blue Bell projects.
The EIA estimates large-scale domestic wind capacity, which totaled 88 GW at the end of 2017, will hit 96 GW by the end of 2018 and 104 GW by the end of 2019. Industrial Info is tracking $16.6 billion in projected wind-generated power completions for 2018, with Texas, Iowa, Oklahoma and Colorado out in front.
The single highest-valued of these is Invenergy LLC's (Chicago, Illinois) $690 million Santa Rita Wind Energy Center in Big Lake, Texas, which is expected to generate 300 MW from 120 turbines. Not far behind is Alliant Energy Corporation's (NYSE:LNT) (Madison, Wisconsin) $580 million Upland Prairie Windfarm in Spencer, Iowa, which will generate an identical amount from 94 GE turbines. For more information, see Industrial Info's reports on the Santa Rita and Upland Prairie projects.
Enel Green Power North America Incorporated (Andover, Massachusetts), a subsidiary of Enel SpA (Rome, Italy), is at work on the $420 million Red Dirt Windfarm in Hennessey, Oklahoma, which is expected to generate 300 MW from 100 Acciona generators, while Xcel Energy Incorporated's (NYSE:XEL) (Minneapolis, Minnesota) $500 million Rush Creek Windfarm Phase I in Silma, Colorado will generate 300 MW from 150 Vestas turbines. For more information, see Industrial Info's reports on the Red Dirt and Rush Creek projects.
The EIA noted in its Short Term Energy Outlook that if the forecast levels of both wind and hydro generation are met in 2019, it would be the first time that wind generation surpasses hydropower as the leading source of renewable generation.
Join Industrial Info on January 17 at its North American Industrial Market Outlook event in Houston, Texas. Please join us as we discuss the latest trends that will impact project spending in North America, including the Gulf Coast region, over the next 12-24 months. Industrial Info is tracking almost 2,000 projects valued at more than $395 billion in the Texas and Louisiana Gulf Coast region, with almost 23% of the investment dollars currently expected to kick off in 2018. Following the presentation, join us for our networking event with your industry peers. Complimentary drinks and hors d'oeuvres will be served. IIR's industry experts will also be available after the presentation for Q&A. Finally, learn about what's new with IIR's Global Market Intelligence (GMI) Integrated Platform and get live demonstrations of our new tools and databases. RSVP Now!
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/.
