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Researched by Industrial Info Resources (Sugar Land, Texas)--In its latest Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) says that power generated from wind in the U.S. is expected to surpass hydropower generation this year. The transition comes as weather forecasts show a drier year than 2017 and new windfarms are added to the U.S. generation mix. Industrial Info is tracking $1.37 billion in U.S. hydropower projects planned to kick off in 2018, compared with more than $60.5 billion in U.S. wind projects.
Because of the anticipated drier year, the EIA estimates that hydropower's share of utility-scale power generation will drop from 7.4% in 2017 to 6.5% in 2018. While Industrial Info is tracking many grassroot wind projects set to kick off in the U.S., most of the hydropower projects planned to kick off this year are modernizations, uprates and refurbishments.
While hydro remains the oldest source of renewable energy in the U.S., it is quickly being replaced by wind. Part of the reason that hydro is taking a back seat is simply a matter of space. Only so many dams can be built, while wind power can be built on the country's numerous open spaces, provided that transmission infrastructure is available. Among the largest grassroot hydropower projects being tracked by Industrial Info are pumped-storage projects, which involve the pumping of water uphill during times of lower energy consumption and releasing it downhill to power turbines in times of high demand. However, none of these often billion-dollar-plus grassroot projects are set to kick off in the U.S. in 2018, and most are rated by Industrial Info as having a low probability of moving forward.
Among the hydro projects set to kick off in the U.S. this year is the uprate of an existing pumped-storage facility in Colorado. Public Service Company of Colorado (Denver, Colorado) is planning to perform uprates on units 1 and 2 at the Cabin Creek pumped storage power station in Georgetown. The project will increase the reservoir storage capacity by 75 acre-feet and will refurbish equipment to improve efficiency and increase generation by 36 megawatts (MW) at the 300-MW facility. Construction is set to begin this quarter and be completed in the second half of 2020. GE Renewable Energy, a unit of General Electric (NYSE:GE) (Boston, Massachusetts), is performing engineering, procurement and construction (EPC) on the project, which has an estimated total investment value (TIV) of $82 million. For more information, see Industrial Info's project report.
In Michigan, Consumers Energy, a subsidiary of CMS Energy Corporation (NSYE:CMS) (Jackson, Michigan), is planning an uprate to its pumped-storage facility in Ludington. The 312-MW Hitachi turbine in Unit 3 will be replaced with a Toshiba turbine to increase capacity by 50 MW and extend the unit's service life. The $134 million project is set to kick off in the first half of this year and take about a year to complete. Toshiba America Energy Systems (Englewood, Colorado) is performing design-build work. For more information, see Industrial Info's project report.
The Tennessee Valley Authority (NYSE:TVE) (Chattanooga, Tennessee) is planning a modernization project for units 1 through 4 at its Fort Loudoun Hydropower Station in Lenoir City, Tennessee. The 34- to 40-MW turbines will be serviced along with balance-of-plant equipment to increase generation, improve efficiency and the extend the life of the 143.5-MW plant. Construction is planned to kick off in the third quarter of this year and be completed the first half of 2022. Voith Hydro Incorporated (York, Pennsylvania) is contractor on the $65 million project. For more information, see Industrial Info's project report.
While these are some of the larger hydropower projects planned to kick off in the U.S. this year, the size and scale of wind projects dwarfs them. In addition, the location of wind projects is much more diversified. Among the largest wind projects with a high or medium probability of kicking off this year is Phase I of Denali Energy's (Baxter, Minnesota) Hartland Windfarm in Minot, North Dakota. The project will use up to 312 wind turbine-generators (depending on the generation capacity) to produce 500 MW. Michels Wind Energy (Brownsville, Wisconsin) is a financial partner in the project, which has an estimated TIV of $1 billion. The project could kick off this summer, taking about two years to complete. For more information, see Industrial Info's project report.
Near Colby, Kansas, Infinity Renewables (Santa Barbara, California) is wrapping up planning for its 474-MW Solomon Forks Windfarm. The project will use approximately 175 Siemens wind turbine-generators. M.A. Mortenson Company (Minneapolis, Minnesota) is providing EPC work on the $900 million project, which is planned to kick off early this year and be completed by yearend. For more information, see Industrial Info's project report.
Texas is the leading the U.S. state for wind generation, and Third Planet Windpower LLC (Palm Beach Gardens, Florida) plans on solidifying this with the Phase III addition to its Loraine Windfarm in Loraine, Texas. The project will use 109 2.3-MW wind turbine-generators or the equivalent to generate about 250 MW. The project was previously placed on hold but was restarted late last year and is now rated as having a high probability of beginning construction this year. The project has an estimated TIV of $550 million and is set to kick off this summer and be completed by the end of the year. For more information, see Industrial Info's project report.
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.
Because of the anticipated drier year, the EIA estimates that hydropower's share of utility-scale power generation will drop from 7.4% in 2017 to 6.5% in 2018. While Industrial Info is tracking many grassroot wind projects set to kick off in the U.S., most of the hydropower projects planned to kick off this year are modernizations, uprates and refurbishments.
While hydro remains the oldest source of renewable energy in the U.S., it is quickly being replaced by wind. Part of the reason that hydro is taking a back seat is simply a matter of space. Only so many dams can be built, while wind power can be built on the country's numerous open spaces, provided that transmission infrastructure is available. Among the largest grassroot hydropower projects being tracked by Industrial Info are pumped-storage projects, which involve the pumping of water uphill during times of lower energy consumption and releasing it downhill to power turbines in times of high demand. However, none of these often billion-dollar-plus grassroot projects are set to kick off in the U.S. in 2018, and most are rated by Industrial Info as having a low probability of moving forward.
Among the hydro projects set to kick off in the U.S. this year is the uprate of an existing pumped-storage facility in Colorado. Public Service Company of Colorado (Denver, Colorado) is planning to perform uprates on units 1 and 2 at the Cabin Creek pumped storage power station in Georgetown. The project will increase the reservoir storage capacity by 75 acre-feet and will refurbish equipment to improve efficiency and increase generation by 36 megawatts (MW) at the 300-MW facility. Construction is set to begin this quarter and be completed in the second half of 2020. GE Renewable Energy, a unit of General Electric (NYSE:GE) (Boston, Massachusetts), is performing engineering, procurement and construction (EPC) on the project, which has an estimated total investment value (TIV) of $82 million. For more information, see Industrial Info's project report.
In Michigan, Consumers Energy, a subsidiary of CMS Energy Corporation (NSYE:CMS) (Jackson, Michigan), is planning an uprate to its pumped-storage facility in Ludington. The 312-MW Hitachi turbine in Unit 3 will be replaced with a Toshiba turbine to increase capacity by 50 MW and extend the unit's service life. The $134 million project is set to kick off in the first half of this year and take about a year to complete. Toshiba America Energy Systems (Englewood, Colorado) is performing design-build work. For more information, see Industrial Info's project report.
The Tennessee Valley Authority (NYSE:TVE) (Chattanooga, Tennessee) is planning a modernization project for units 1 through 4 at its Fort Loudoun Hydropower Station in Lenoir City, Tennessee. The 34- to 40-MW turbines will be serviced along with balance-of-plant equipment to increase generation, improve efficiency and the extend the life of the 143.5-MW plant. Construction is planned to kick off in the third quarter of this year and be completed the first half of 2022. Voith Hydro Incorporated (York, Pennsylvania) is contractor on the $65 million project. For more information, see Industrial Info's project report.
While these are some of the larger hydropower projects planned to kick off in the U.S. this year, the size and scale of wind projects dwarfs them. In addition, the location of wind projects is much more diversified. Among the largest wind projects with a high or medium probability of kicking off this year is Phase I of Denali Energy's (Baxter, Minnesota) Hartland Windfarm in Minot, North Dakota. The project will use up to 312 wind turbine-generators (depending on the generation capacity) to produce 500 MW. Michels Wind Energy (Brownsville, Wisconsin) is a financial partner in the project, which has an estimated TIV of $1 billion. The project could kick off this summer, taking about two years to complete. For more information, see Industrial Info's project report.
Near Colby, Kansas, Infinity Renewables (Santa Barbara, California) is wrapping up planning for its 474-MW Solomon Forks Windfarm. The project will use approximately 175 Siemens wind turbine-generators. M.A. Mortenson Company (Minneapolis, Minnesota) is providing EPC work on the $900 million project, which is planned to kick off early this year and be completed by yearend. For more information, see Industrial Info's project report.
Texas is the leading the U.S. state for wind generation, and Third Planet Windpower LLC (Palm Beach Gardens, Florida) plans on solidifying this with the Phase III addition to its Loraine Windfarm in Loraine, Texas. The project will use 109 2.3-MW wind turbine-generators or the equivalent to generate about 250 MW. The project was previously placed on hold but was restarted late last year and is now rated as having a high probability of beginning construction this year. The project has an estimated TIV of $550 million and is set to kick off this summer and be completed by the end of the year. For more information, see Industrial Info's project report.
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.
