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Released June 14, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--As usual, the U.S. Power Industry remains one of the strongest sectors in regard to upcoming project development. Industrial Info is tracking more than $21.2 billion worth of onshore U.S. power projects that we have determined as having a medium or high probability (70-99%) of kicking off as planned in the third quarter of this year. Texas, with more than $3.8 billion worth of projects, leads the rest of the U.S. in both number and value of these upcoming projects, followed by New York ($2 billion) and California ($1.8 billion).
Click on the image at right for a look at the top 10 U.S. states for third-quarter onshore power project starts.
Texas and California lead the U.S. in solar power generation and development, and this shows in the two states' upcoming projects. One project in Texas accounts for a substantial portion of the state's planned spending. According to the project's developer, Solar Proponent LLC (Austin, Texas), the Tehuacana Creek solar facility will provide more than 830 megawatts (MW) of alternating current (AC) solar generation, and for times when the sun isn't shining, an equivalent amount of battery energy storage capacity. Construction on both the solar farm and battery energy storage system (BESS) could begin toward the end of the upcoming quarter, putting the facility on track for a 2026 startup date. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing by the project reports on the solar and BESS projects.
Other solar and BESS projects, as well as those facilitating power transmission, permeate Texas' remaining project activity. Typical examples include ConnectGen LLC's (Houston, Texas) Pecan Prairies solar farm, construction of which is planned to kick off next month. The Phase I project entails installing approximately 300,000 bifacial solar panels on a single-axis tracking system that will provide 225 MW of emissions-free generation upon completion, which is expected by the end of next year. Subscribers can click here to learn more about the project.
While projects such as this one dominate the Texas power landscape, at least one company is taking a different approach to reducing its emissions in the state. At its Harrington Power Station in Amarillo, Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis, Minnesota) plans to convert a coal-fired boiler to burn natural gas. The conversion of the 350-MW unit to gas represents an interim step in Xcel's journey toward a net-zero future as the company says its goal for the future is to exit coal completely, eventually retiring all old gas-fired units while adding renewable technologies such as wind and solar to be 100% carbon-free by 2050. Contractor TEI Construction Services Incorporated (Duncan, South Carolina) is expected to have the conversion completed toward the end of this year. Subscribers can learn more by viewing the project report.
Two projects in New York combine for more than $1.2 billion in total spending and showcase the state's goal of achieving 100% emissions-free generation by 2040. The larger of these two projects involves getting the power from renewable sources further into the state, while the second demonstrates the drive to solar power being seen throughout the U.S. Avangrid Incorporated (NYSE:AGR) (Orange, Connecticut), as part of New York's CleanPath NY plan, plans to kick off construction of an underground transmission line from the Fraser Substation in Delhi that will run 174 miles toward New York City, with the line terminating in Queens. The transmission line will bring clean energy generated in Canada and more northern points in the state into the New York City area. The transmission line is expected to be completed in 2027. Subscribers can click here to learn more.
New York's second-largest power project planned for the upcoming quarter is for a solar generation facility near Byron, between Buffalo and Rochester. There, renewable energy powerhouse NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida) plans to commence work on the 280-MW Excelsior solar plant this summer. The facility will feature approximately 1 million Jinko solar thin-film modules on a single-axis tracking system and is expected to begin providing power in the fall of 2025. Subscribers can learn more by viewing the project report.
The majority of California's $1.8 billion in upcoming power projects is due to a development of the Sacramento Municipal Utilities District (SMUD) (Sacramento, California) in Placer County on a 1,170-acre site just west of the city of Roseville. The solar portion of the project will use Canadian Solar (NASDAQ:CSIQ) (Guelph, Ontario) photovoltaic panels to provide 344 MW of power.
SMUD isn't playing around with energy storage capacity at the site and is planning to provide a whopping 688 MW of battery energy storage to accompany the solar output. Should the projects kick off as expected toward the end of the quarter, both the solar and BESS components could be ready to begin serving the Greater Sacramento area in mid-2026. Subscribers can learn more by viewing the reports on the solar and BESS projects.
The projects discussed in this article represent the tip of the iceberg for planned third-quarter project starts. Rounding out the top five locations for upcoming U.S. power development are Indiana and Puerto Rico, each of which boasts more than $1.5 billion in planned third-quarter power project starts.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a look at the top 10 U.S. states for third-quarter onshore power project starts.Texas and California lead the U.S. in solar power generation and development, and this shows in the two states' upcoming projects. One project in Texas accounts for a substantial portion of the state's planned spending. According to the project's developer, Solar Proponent LLC (Austin, Texas), the Tehuacana Creek solar facility will provide more than 830 megawatts (MW) of alternating current (AC) solar generation, and for times when the sun isn't shining, an equivalent amount of battery energy storage capacity. Construction on both the solar farm and battery energy storage system (BESS) could begin toward the end of the upcoming quarter, putting the facility on track for a 2026 startup date. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing by the project reports on the solar and BESS projects.
Other solar and BESS projects, as well as those facilitating power transmission, permeate Texas' remaining project activity. Typical examples include ConnectGen LLC's (Houston, Texas) Pecan Prairies solar farm, construction of which is planned to kick off next month. The Phase I project entails installing approximately 300,000 bifacial solar panels on a single-axis tracking system that will provide 225 MW of emissions-free generation upon completion, which is expected by the end of next year. Subscribers can click here to learn more about the project.
While projects such as this one dominate the Texas power landscape, at least one company is taking a different approach to reducing its emissions in the state. At its Harrington Power Station in Amarillo, Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis, Minnesota) plans to convert a coal-fired boiler to burn natural gas. The conversion of the 350-MW unit to gas represents an interim step in Xcel's journey toward a net-zero future as the company says its goal for the future is to exit coal completely, eventually retiring all old gas-fired units while adding renewable technologies such as wind and solar to be 100% carbon-free by 2050. Contractor TEI Construction Services Incorporated (Duncan, South Carolina) is expected to have the conversion completed toward the end of this year. Subscribers can learn more by viewing the project report.
Two projects in New York combine for more than $1.2 billion in total spending and showcase the state's goal of achieving 100% emissions-free generation by 2040. The larger of these two projects involves getting the power from renewable sources further into the state, while the second demonstrates the drive to solar power being seen throughout the U.S. Avangrid Incorporated (NYSE:AGR) (Orange, Connecticut), as part of New York's CleanPath NY plan, plans to kick off construction of an underground transmission line from the Fraser Substation in Delhi that will run 174 miles toward New York City, with the line terminating in Queens. The transmission line will bring clean energy generated in Canada and more northern points in the state into the New York City area. The transmission line is expected to be completed in 2027. Subscribers can click here to learn more.
New York's second-largest power project planned for the upcoming quarter is for a solar generation facility near Byron, between Buffalo and Rochester. There, renewable energy powerhouse NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida) plans to commence work on the 280-MW Excelsior solar plant this summer. The facility will feature approximately 1 million Jinko solar thin-film modules on a single-axis tracking system and is expected to begin providing power in the fall of 2025. Subscribers can learn more by viewing the project report.
The majority of California's $1.8 billion in upcoming power projects is due to a development of the Sacramento Municipal Utilities District (SMUD) (Sacramento, California) in Placer County on a 1,170-acre site just west of the city of Roseville. The solar portion of the project will use Canadian Solar (NASDAQ:CSIQ) (Guelph, Ontario) photovoltaic panels to provide 344 MW of power.
SMUD isn't playing around with energy storage capacity at the site and is planning to provide a whopping 688 MW of battery energy storage to accompany the solar output. Should the projects kick off as expected toward the end of the quarter, both the solar and BESS components could be ready to begin serving the Greater Sacramento area in mid-2026. Subscribers can learn more by viewing the reports on the solar and BESS projects.
The projects discussed in this article represent the tip of the iceberg for planned third-quarter project starts. Rounding out the top five locations for upcoming U.S. power development are Indiana and Puerto Rico, each of which boasts more than $1.5 billion in planned third-quarter power project starts.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
