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Released May 19, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--ENGIE S.A. (Paris, France) is doubling down on its ambitions to fuel a global buildout in renewable energy. In addition to its 3 gigawatts (GW) of renewable generation set to be commissioned in 2021, the company aims to install a total of 50 GW by 2025 and 80 GW by 2030--with the U.S. accounting for a sizable portion. Industrial Info is tracking nearly $38 billion in active projects worldwide from ENGIE--including more than $3.4 billion worth in the U.S., nearly half of which is related to wind and solar projects in Texas.
Click on the image at right for a graph detailing ENGIE's active projects worldwide, by fuel source.
ENGIE reported it had commissioned 500 megawatts (MW) of additional renewables capacity during the first quarter, including the company's first fixed offshore project for wind-energy generation. But the European-based ENGIE was not immune to Winter Storm Uri's devastating effect on the Texas energy market, which executives estimate cost the company about 80 million euros (US$97.7 million) in lost earnings, before interest and taxes.
The Lone Star State also is home to one of ENGIE's highest-valued U.S. projects: the $312 million Priddy Wind Energy Center in Priddy, Texas, which is designed to generate 300 MW from 63 wind turbines supplied by General Electric (NYSE:GE). In an October presentation submitted to local authorities, U.S. subsidiary ENGIE North America Incorporated (Houston, Texas) said it plans to finish turbine installations and begin commissioning this October, with full completion slated for later in fourth-quarter 2021. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a detailed project report.
ENGIE North America also is considering the proposed Limestone Windfarm in Groesbeck, Texas, which would generate 300 MW from 110 turbines, and is seeking permits for the proposed Oxbow Solar Plant in Gail, Texas, which would generate 225 MW from photovoltaic (PV) solar panels. See Industrial Info's detailed reports on the Limestone and Oxbow projects.
Although wind energy accounted for most of the 2 GW of renewable energy ENGIE added to its U.S. portfolio in 2020, solar energy continues to play an important role in the company's domestic outlook, particularly along the East Coast. ENGIE expects to finish construction on the $75 million Whitehorn Solar Plant in Gretna, Virginia, in the third quarter, and is considering the proposed Powell's Creek Solar Plant in Alton, Virginia. The projects are designed to generate 50 MW and 80 MW, respectively, from PV panels. See detailed reports on the Whitehorn and Powell's Creek projects.
ENGIE North America also is making progress on its $249.5 million Dakota Range III Windfarm in Summit, South Dakota, which it acquired from Apex Clean Energy Incorporated (Charlottesville, Virginia) toward the end of 2018, when it entered into a power-purchase agreement (PPA) with Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis, Minnesota) for the project's full capacity. The 151.2-MW facility, which began construction in May 2020, is set to wrap up this summer. See project report.
For 2021, ENGIE expects global growth-related capital expenditures to total between 5.5 billion and 6 billion euros (US$6.72 billion to US$7.33 billion), while global maintenance-related and nuclear provisions spending are expected to total roughly 4 billion euros (US$4.89 billion).
Of ENGIE's 7.68 billion euros (US$9.38 billion) in capital spending for the 2020 calendar year, 450 million euros (US$549.89 million) was attributed to U.S.-based activity, of which 137 million euros (US$167.41million) were attributed to renewable-energy projects.
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.
Click on the image at right for a graph detailing ENGIE's active projects worldwide, by fuel source.ENGIE reported it had commissioned 500 megawatts (MW) of additional renewables capacity during the first quarter, including the company's first fixed offshore project for wind-energy generation. But the European-based ENGIE was not immune to Winter Storm Uri's devastating effect on the Texas energy market, which executives estimate cost the company about 80 million euros (US$97.7 million) in lost earnings, before interest and taxes.
The Lone Star State also is home to one of ENGIE's highest-valued U.S. projects: the $312 million Priddy Wind Energy Center in Priddy, Texas, which is designed to generate 300 MW from 63 wind turbines supplied by General Electric (NYSE:GE). In an October presentation submitted to local authorities, U.S. subsidiary ENGIE North America Incorporated (Houston, Texas) said it plans to finish turbine installations and begin commissioning this October, with full completion slated for later in fourth-quarter 2021. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a detailed project report.
ENGIE North America also is considering the proposed Limestone Windfarm in Groesbeck, Texas, which would generate 300 MW from 110 turbines, and is seeking permits for the proposed Oxbow Solar Plant in Gail, Texas, which would generate 225 MW from photovoltaic (PV) solar panels. See Industrial Info's detailed reports on the Limestone and Oxbow projects.
Although wind energy accounted for most of the 2 GW of renewable energy ENGIE added to its U.S. portfolio in 2020, solar energy continues to play an important role in the company's domestic outlook, particularly along the East Coast. ENGIE expects to finish construction on the $75 million Whitehorn Solar Plant in Gretna, Virginia, in the third quarter, and is considering the proposed Powell's Creek Solar Plant in Alton, Virginia. The projects are designed to generate 50 MW and 80 MW, respectively, from PV panels. See detailed reports on the Whitehorn and Powell's Creek projects.
ENGIE North America also is making progress on its $249.5 million Dakota Range III Windfarm in Summit, South Dakota, which it acquired from Apex Clean Energy Incorporated (Charlottesville, Virginia) toward the end of 2018, when it entered into a power-purchase agreement (PPA) with Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis, Minnesota) for the project's full capacity. The 151.2-MW facility, which began construction in May 2020, is set to wrap up this summer. See project report.
For 2021, ENGIE expects global growth-related capital expenditures to total between 5.5 billion and 6 billion euros (US$6.72 billion to US$7.33 billion), while global maintenance-related and nuclear provisions spending are expected to total roughly 4 billion euros (US$4.89 billion).
Of ENGIE's 7.68 billion euros (US$9.38 billion) in capital spending for the 2020 calendar year, 450 million euros (US$549.89 million) was attributed to U.S.-based activity, of which 137 million euros (US$167.41million) were attributed to renewable-energy projects.
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.
