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Released January 04, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Mid-Atlantic region is sprucing up its power grid and adding renewable-energy projects, making the Power Generation Industry its biggest driver for near-term project development. Industrial Info is tracking nearly $10 billion worth of active projects that are set to begin construction in the Mid-Atlantic region this quarter, roughly two-thirds of which is attributed to grassroot projects.
Click on the image at right to see a graph detailing first-quarter project kickoffs in the Mid-Atlantic region, by state.
The U.S. Mid-Atlantic region includes Maryland, North Carolina, South Carolina, Virginia and West Virginia.
The Power Generation Industry accounts for more than one-third of the total investment value (TIV), with solar-powered facilities accounting for much of the grassroot spending for the Mid-Atlantic's first quarter. Although the Trump administration's tariffs on overseas-made panels have forced solar developers to delay large projects, according to a report by Wood Mackenzie for the U.S. Solar Energy Industries Association, record-low prices for solar energy systems are expected to drive larger volumes of domestic projects than had been expected over the next five years. Solar accounted for 30% of total additions to U.S. electricity-generating capacity in the first three quarters of 2018, according to Reuters.
North Carolina is home to several active solar projects, including two from Cypress Creek Renewables LLC (Santa Monica, California): the $141.8 million Crooked Run Solar Plant and the $65 million Innovative Solar 67 Plant, both in Willard. The facilities are expected to generate 75 and 34 megawatts (MW), respectively, from photovoltaic (PV), fixed-tilt panels with single-axis trackers. Urban Grid Solar (Stevensville, Maryland) is planning the $150 million Crystal Hill Solar Facility in Crystal Hill, Virginia, which will generate 65 MW from PV panels. For more information, see Industrial Info's reports on the Crooked Run, Innovative Solar 67 and Crystal Hill plants.
Another major factor in the energy-related spending is Exelon Corporation's (NYSE:EXC) (Chicago, Illinois) Capital Grid Project in and around Washington, D.C., which is designed to improve system reliability inside the Beltway. The project includes the new, estimated $143 million Mount Vernon Substation in the heart of D.C., as well as a $122 million upgrade to the Champlain Substation in D.C. and a $112 million upgrade to the Takoma Substation in Chillum, Maryland. Following completion, each will be equipped with 230-kilovolt transformers.
The projects are being managed by Pepco Energy Services Incorporated (Arlington, Virginia), a subsidiary of Exelon. Pepco took a step forward on the Mount Vernon Substation in October, when it received unanimous support from the local Advisory Neighborhood Commission for construction. For more information, see Industrial Info's reports on the Mount Vernon, Champlain and Takoma projects.
The Oil & Gas Industry does not account for more than a fraction of the TIV, but has at least one major project in preparation: MarkWest Energy Partners LP's (Denver, Colorado) $150 million Smithburg Cryogenic Natural Gas Processing Complex in New Milton, West Virginia, which will host a 200 million-standard-cubic-foot-per-day train. MarkWest, a subsidiary of MPLX LP (NYSE:MPLX) (Findlay, Ohio), currently expects to wrap up in the fourth quarter. For more information, see Industrial Info's project report.
Publix Super Markets Incorporated (Lakeland, Florida), which operates throughout the U.S. Mid-Atlantic and Southwestern regions, is planning an estimated $400 million regional grocery distribution center in Greensboro, North Carolina. Last month, the North Carolina Department of Transportation added more than $4 million in state highway funds to its budget to widen U.S. 70 and accommodate the distribution center, according to Greensboro's News & Record. The Greensboro-area Metropolitan Planning Organization voted quickly (and unanimously) to accept the money. 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/.
Click on the image at right to see a graph detailing first-quarter project kickoffs in the Mid-Atlantic region, by state.The U.S. Mid-Atlantic region includes Maryland, North Carolina, South Carolina, Virginia and West Virginia.
The Power Generation Industry accounts for more than one-third of the total investment value (TIV), with solar-powered facilities accounting for much of the grassroot spending for the Mid-Atlantic's first quarter. Although the Trump administration's tariffs on overseas-made panels have forced solar developers to delay large projects, according to a report by Wood Mackenzie for the U.S. Solar Energy Industries Association, record-low prices for solar energy systems are expected to drive larger volumes of domestic projects than had been expected over the next five years. Solar accounted for 30% of total additions to U.S. electricity-generating capacity in the first three quarters of 2018, according to Reuters.
North Carolina is home to several active solar projects, including two from Cypress Creek Renewables LLC (Santa Monica, California): the $141.8 million Crooked Run Solar Plant and the $65 million Innovative Solar 67 Plant, both in Willard. The facilities are expected to generate 75 and 34 megawatts (MW), respectively, from photovoltaic (PV), fixed-tilt panels with single-axis trackers. Urban Grid Solar (Stevensville, Maryland) is planning the $150 million Crystal Hill Solar Facility in Crystal Hill, Virginia, which will generate 65 MW from PV panels. For more information, see Industrial Info's reports on the Crooked Run, Innovative Solar 67 and Crystal Hill plants.
Another major factor in the energy-related spending is Exelon Corporation's (NYSE:EXC) (Chicago, Illinois) Capital Grid Project in and around Washington, D.C., which is designed to improve system reliability inside the Beltway. The project includes the new, estimated $143 million Mount Vernon Substation in the heart of D.C., as well as a $122 million upgrade to the Champlain Substation in D.C. and a $112 million upgrade to the Takoma Substation in Chillum, Maryland. Following completion, each will be equipped with 230-kilovolt transformers.
The projects are being managed by Pepco Energy Services Incorporated (Arlington, Virginia), a subsidiary of Exelon. Pepco took a step forward on the Mount Vernon Substation in October, when it received unanimous support from the local Advisory Neighborhood Commission for construction. For more information, see Industrial Info's reports on the Mount Vernon, Champlain and Takoma projects.
The Oil & Gas Industry does not account for more than a fraction of the TIV, but has at least one major project in preparation: MarkWest Energy Partners LP's (Denver, Colorado) $150 million Smithburg Cryogenic Natural Gas Processing Complex in New Milton, West Virginia, which will host a 200 million-standard-cubic-foot-per-day train. MarkWest, a subsidiary of MPLX LP (NYSE:MPLX) (Findlay, Ohio), currently expects to wrap up in the fourth quarter. For more information, see Industrial Info's project report.
Publix Super Markets Incorporated (Lakeland, Florida), which operates throughout the U.S. Mid-Atlantic and Southwestern regions, is planning an estimated $400 million regional grocery distribution center in Greensboro, North Carolina. Last month, the North Carolina Department of Transportation added more than $4 million in state highway funds to its budget to widen U.S. 70 and accommodate the distribution center, according to Greensboro's News & Record. The Greensboro-area Metropolitan Planning Organization voted quickly (and unanimously) to accept the money. 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/.
