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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Power Industry landscape has shifted drastically over the past decade. In this time, the U.S. has shifted away from coal, gone through a spate of natural gas buildouts and has now shifted toward renewables such as wind and solar. This leads renewables-intensive states such as Texas (wind and solar) and California (solar) into leading positions for the value of under-construction power projects. However, a single, very expensive nuclear project in Georgia launches that state into the leading position.
Click on the image at right for a breakdown of under-construction power projects for the top 10 U.S. states.
It has been widely reported that construction of units of 3 of 4 of the Vogtle nuclear power plant in Waynesboro, Georgia, which began in 2013, has gone seriously over-budget, with anticipated completion dates consistently pushed out. The latest announcement about the project was made earlier in June, stating that the completion dates would once again be later than planned, with the budget increasing by as much as $2.4 billion. For more information, see June 8, 2021, article - Georgia PSC Staff: New Vogtle Nuclear Units to be Later than Expected, Cost $2.4 Billion More than Projected.
The $27 billion+ project easily propels Georgia into the top spot for the value of under-construction power projects in the U.S. Upon completion of the project, Plant Vogtle will be the largest nuclear power plant in the U.S., with a generating capacity of more than 4.5 gigawatts. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the project report.
Texas comes in second place for its overall combined project value with several solar and wind projects quickly adding up. Among these is Tokyo Gas Company Limited's (Tokyo, Japan) grassroot Aktina solar plant, near El Campo, about 70 miles southwest of Houston. The facility is being built on a 4,300-acre site and will use more than 1.67 million Jinko photovoltaic solar panels to provide generating capacity of 500 megawatts (MW). Construction began late last year, and the first portion of the work is nearing completion, which will be followed by the final portion in the first quarter of next year. For more information, see Industrial Info's project report.
Texas also is home to nearly $3.5 billion of wind projects being built, and the state for some time has been the U.S.' largest wind power producer. Among the largest of these projects is NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) grassroot White Mesa Windfarm, near Ozona in West Texas. When completed later this year, the facility will use 180 2.8-MW General Electric (NYSE:GE) (Boston, Massachusetts) turbines to generate about 500 MW. Blattner Energy Incorporated (Avon, Minnesota) is the contractor on the project, which has a total investment value of $600 million. For more information, see Industrial Info's project report.
California rounds out the top three states for project value, with $8.5 billion worth of projects, a substantial portion of which are for solar facilities or associated battery energy storage systems (BESS). California has one of the most stringent renewable portfolio standards in the U.S., mandating that 60% of retail electricity sales are served by renewable sources by 2030. The state is aiming for all of its electricity to come from carbon-free sources by 2030. Projects contributing to this goal include the 700-MW grassroot solar facility at Edwards Air Force Base, north of Los Angeles. Engineering, procurement and construction (EPC) contractor M.A. Mortenson Company (Minneapolis, Minnesota) will install approximately 14.4 million solar panels in single-axis tracker systems with about 200 inverters and associated facilities. Construction began earlier this year and is expected to be completed in early 2023. For more information, see Industrial Info's project report.
While Florida is rapidly developing its solar power capacity, a couple of natural gas projects propel the state into the fourth position in terms of project value. NextEra Energy is underway with the Dania Beach Clean Energy Center in Fort Lauderdale, which will generate 1.2 gigawatts (GW) when completed by EPC contractor Black & Veatch Incorporated (Overland Park, Kansas). Construction is expected to be completed next year. For more information, see Industrial Info's project report.
The state's other natural gas-fired project is for the conversion of a coal-fired plant into a gas-fired, combined-cycle facility. Plant owner Tampa Electric Company (Tampa, Florida) and general contractor Kiewit Engineering Group Incorporated (Lenexa, Kansas) began converting Unit 1 of the Big Bend Power Station in Apollo Beach in the summer of 2019. When completed late next year, the unit will produce 1,090 MW. For more information, see Industrial Info's project report.
One of the largest individual projects comes in Ohio, which ranks fifth in terms of total project value, with about $3.75 billion in projects. Apex Power Group LLC (Mooresville, Indiana) and Caithness Energy LLC's (New York, New York) Guernsey natural gas-fired power plant in Byesville will generate approximately 1.875 GW and is the largest gas-fired project underway in the U.S. at the moment. The combined-cycle plant will have three one-on-one single-shaft power blocks utilizing General Electric equipment. EPC contractor Gemma Power Systems LLC (Glastonbury, Connecticut) began construction on the $1.6 billion project in 2019 and is expected to wrap up late next year. For more information, see Industrial Info's project report.
Rounding out the top 10 states are New Mexico, Michigan, Illinois, Virginia and Alabama.
In January, Industrial Info presented its annual Industrial Market Outlook for North America, setting the expectations for industrial plant spending in 2021. As a follow-up, IIR is pleased to announce its mid-year review, online and free for all attendees, beginning on Tuesday, July 20 through Thursday, July 22, starting at 10 a.m. CDT (11 a.m. EDT), and lasting for approximately one hour each day. Click here to learn more, see the schedule and RSVP.
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 breakdown of under-construction power projects for the top 10 U.S. states.It has been widely reported that construction of units of 3 of 4 of the Vogtle nuclear power plant in Waynesboro, Georgia, which began in 2013, has gone seriously over-budget, with anticipated completion dates consistently pushed out. The latest announcement about the project was made earlier in June, stating that the completion dates would once again be later than planned, with the budget increasing by as much as $2.4 billion. For more information, see June 8, 2021, article - Georgia PSC Staff: New Vogtle Nuclear Units to be Later than Expected, Cost $2.4 Billion More than Projected.
The $27 billion+ project easily propels Georgia into the top spot for the value of under-construction power projects in the U.S. Upon completion of the project, Plant Vogtle will be the largest nuclear power plant in the U.S., with a generating capacity of more than 4.5 gigawatts. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the project report.
Texas comes in second place for its overall combined project value with several solar and wind projects quickly adding up. Among these is Tokyo Gas Company Limited's (Tokyo, Japan) grassroot Aktina solar plant, near El Campo, about 70 miles southwest of Houston. The facility is being built on a 4,300-acre site and will use more than 1.67 million Jinko photovoltaic solar panels to provide generating capacity of 500 megawatts (MW). Construction began late last year, and the first portion of the work is nearing completion, which will be followed by the final portion in the first quarter of next year. For more information, see Industrial Info's project report.
Texas also is home to nearly $3.5 billion of wind projects being built, and the state for some time has been the U.S.' largest wind power producer. Among the largest of these projects is NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) grassroot White Mesa Windfarm, near Ozona in West Texas. When completed later this year, the facility will use 180 2.8-MW General Electric (NYSE:GE) (Boston, Massachusetts) turbines to generate about 500 MW. Blattner Energy Incorporated (Avon, Minnesota) is the contractor on the project, which has a total investment value of $600 million. For more information, see Industrial Info's project report.
California rounds out the top three states for project value, with $8.5 billion worth of projects, a substantial portion of which are for solar facilities or associated battery energy storage systems (BESS). California has one of the most stringent renewable portfolio standards in the U.S., mandating that 60% of retail electricity sales are served by renewable sources by 2030. The state is aiming for all of its electricity to come from carbon-free sources by 2030. Projects contributing to this goal include the 700-MW grassroot solar facility at Edwards Air Force Base, north of Los Angeles. Engineering, procurement and construction (EPC) contractor M.A. Mortenson Company (Minneapolis, Minnesota) will install approximately 14.4 million solar panels in single-axis tracker systems with about 200 inverters and associated facilities. Construction began earlier this year and is expected to be completed in early 2023. For more information, see Industrial Info's project report.
While Florida is rapidly developing its solar power capacity, a couple of natural gas projects propel the state into the fourth position in terms of project value. NextEra Energy is underway with the Dania Beach Clean Energy Center in Fort Lauderdale, which will generate 1.2 gigawatts (GW) when completed by EPC contractor Black & Veatch Incorporated (Overland Park, Kansas). Construction is expected to be completed next year. For more information, see Industrial Info's project report.
The state's other natural gas-fired project is for the conversion of a coal-fired plant into a gas-fired, combined-cycle facility. Plant owner Tampa Electric Company (Tampa, Florida) and general contractor Kiewit Engineering Group Incorporated (Lenexa, Kansas) began converting Unit 1 of the Big Bend Power Station in Apollo Beach in the summer of 2019. When completed late next year, the unit will produce 1,090 MW. For more information, see Industrial Info's project report.
One of the largest individual projects comes in Ohio, which ranks fifth in terms of total project value, with about $3.75 billion in projects. Apex Power Group LLC (Mooresville, Indiana) and Caithness Energy LLC's (New York, New York) Guernsey natural gas-fired power plant in Byesville will generate approximately 1.875 GW and is the largest gas-fired project underway in the U.S. at the moment. The combined-cycle plant will have three one-on-one single-shaft power blocks utilizing General Electric equipment. EPC contractor Gemma Power Systems LLC (Glastonbury, Connecticut) began construction on the $1.6 billion project in 2019 and is expected to wrap up late next year. For more information, see Industrial Info's project report.
Rounding out the top 10 states are New Mexico, Michigan, Illinois, Virginia and Alabama.
In January, Industrial Info presented its annual Industrial Market Outlook for North America, setting the expectations for industrial plant spending in 2021. As a follow-up, IIR is pleased to announce its mid-year review, online and free for all attendees, beginning on Tuesday, July 20 through Thursday, July 22, starting at 10 a.m. CDT (11 a.m. EDT), and lasting for approximately one hour each day. Click here to learn more, see the schedule and RSVP.
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.
