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Released November 15, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Power Industry is on track to complete nearly $60.9 billion in projects by the end of this year. While many of these have been or will be completed by the year's end, not all will make it, and the last phases of construction will carry over into 2022. Wind and solar projects lead in spending, although some of the largest projects are for natural gas-fired plants.
The U.S. Southwest market region, which includes Arkansas, Louisiana, Oklahoma and Texas, leads in project investments, with more than $17.6 billion worth.
Click on the image at right for a breakdown by market region of planned U.S. power project completions in 2021.
Among the natural gas plants that completed construction and have started operations this year is Advanced Power AG's (Zug, Switzerland) 1,100-megawatt (MW) South Field Energy Center in Wellsville, Ohio, on the eastern side of the state, near the Pennsylvania border. Construction kicked off in late 2018, and the plant commenced commercial operations in October this year. Bechtel Corporation (Reston, Virginia) provided engineering, procurement and construction (EPC) services. Subscribers to Industrial Info's Power Project Database can click here for the project report.
Natural gas-fired projects that are wrapping up and aiming for completion by yearend include DTE Energy Company's (NYSE:DTE) (Detroit, Michigan) Blue Water combined-cycle project in East China, Michigan. The project kicked off in late 2018, and construction was impacted by the COVID-19 pandemic. Upon completion, the plant will generate 1,100 MW. The Blue Water plant will replace three coal-fired power plants surrounding the Detroit area that are set to close by the end of 2022. Kiewit Engineering Group Incorporated (Lenexa, Kansas) is providing EPC services. Subscribers can click here for the project report.
In the U.S., wind and solar power construction is federally subsidized by the wind production tax credit and solar investment tax credit. However, rather than being based on when these projects are completed, the incentives depend on when a project begins construction, placing much more of a deadline on kicking off construction than project completion. However, as utilities aim to reduce carbon emissions and states step up their renewable energy portfolios, wind and solar are leading players in planned 2021 power completions, accounting for $20.3 billion and $19.7 billion, respectively.
Among the largest windfarms completed this year is RES Group's (Kings Langley, England) Maverick Creek Windfarm near Eden, Texas, about 100 miles south of Abilene. Construction kicked off in 2019 and wrapped up early this year. The facility uses 114 Vestas and Siemens Gamesa turbines for a nameplate capacity of 492 MW. Subscribers can click here for the project report.
Some of the largest solar completions also belong to Texas, such as Orsted A/S' (Fredericia, Denmark) Permian photovoltaic energy center in Andrews County, which borders New Mexico. The 420-MW facility uses 1.3 million panels. Construction was completed earlier this year, with Blattner Energy Incorporated (Avon, Minnesota) providing EPC services. Subscribers can click here for the project report.
Outside of wind, solar and natural gas, nuclear power takes fourth position in regards to the value of project completions, consisting mostly of refueling outages. Industrial Info is tracking more than $1 billion of 2021 U.S. nuclear project completions.
Rounding out the top five fuel types in terms of value is hydropower. While Britt Burt, Industrial Info's vice president of research for the Power Industry, sees potential for grassroot pumped-storage hydro projects due to their energy-storage potential, most of the U.S. hydro project completions tracked this year by Industrial Info include generator uprates, and turbine overhauls and refurbishments.
Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina), which is aiming for a 50% reduction in carbon emissions from 2005 levels by 2030 and net-zero emissions by 2050, completed generator uprates on units 1, 2 and 3 this year at its Markland Hydro Station in Florence, Indiana. Runners were replaced for the three 22-MW turbines and rotor rewinds were made to increase each unit's generating capacity by 3 MW, improve reliability and extend service life. The project kicked off in 2017 and was completed this summer. Subscribers can click here for the 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.
The U.S. Southwest market region, which includes Arkansas, Louisiana, Oklahoma and Texas, leads in project investments, with more than $17.6 billion worth.
Click on the image at right for a breakdown by market region of planned U.S. power project completions in 2021.Among the natural gas plants that completed construction and have started operations this year is Advanced Power AG's (Zug, Switzerland) 1,100-megawatt (MW) South Field Energy Center in Wellsville, Ohio, on the eastern side of the state, near the Pennsylvania border. Construction kicked off in late 2018, and the plant commenced commercial operations in October this year. Bechtel Corporation (Reston, Virginia) provided engineering, procurement and construction (EPC) services. Subscribers to Industrial Info's Power Project Database can click here for the project report.
Natural gas-fired projects that are wrapping up and aiming for completion by yearend include DTE Energy Company's (NYSE:DTE) (Detroit, Michigan) Blue Water combined-cycle project in East China, Michigan. The project kicked off in late 2018, and construction was impacted by the COVID-19 pandemic. Upon completion, the plant will generate 1,100 MW. The Blue Water plant will replace three coal-fired power plants surrounding the Detroit area that are set to close by the end of 2022. Kiewit Engineering Group Incorporated (Lenexa, Kansas) is providing EPC services. Subscribers can click here for the project report.
In the U.S., wind and solar power construction is federally subsidized by the wind production tax credit and solar investment tax credit. However, rather than being based on when these projects are completed, the incentives depend on when a project begins construction, placing much more of a deadline on kicking off construction than project completion. However, as utilities aim to reduce carbon emissions and states step up their renewable energy portfolios, wind and solar are leading players in planned 2021 power completions, accounting for $20.3 billion and $19.7 billion, respectively.
Among the largest windfarms completed this year is RES Group's (Kings Langley, England) Maverick Creek Windfarm near Eden, Texas, about 100 miles south of Abilene. Construction kicked off in 2019 and wrapped up early this year. The facility uses 114 Vestas and Siemens Gamesa turbines for a nameplate capacity of 492 MW. Subscribers can click here for the project report.
Some of the largest solar completions also belong to Texas, such as Orsted A/S' (Fredericia, Denmark) Permian photovoltaic energy center in Andrews County, which borders New Mexico. The 420-MW facility uses 1.3 million panels. Construction was completed earlier this year, with Blattner Energy Incorporated (Avon, Minnesota) providing EPC services. Subscribers can click here for the project report.
Outside of wind, solar and natural gas, nuclear power takes fourth position in regards to the value of project completions, consisting mostly of refueling outages. Industrial Info is tracking more than $1 billion of 2021 U.S. nuclear project completions.
Rounding out the top five fuel types in terms of value is hydropower. While Britt Burt, Industrial Info's vice president of research for the Power Industry, sees potential for grassroot pumped-storage hydro projects due to their energy-storage potential, most of the U.S. hydro project completions tracked this year by Industrial Info include generator uprates, and turbine overhauls and refurbishments.
Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina), which is aiming for a 50% reduction in carbon emissions from 2005 levels by 2030 and net-zero emissions by 2050, completed generator uprates on units 1, 2 and 3 this year at its Markland Hydro Station in Florence, Indiana. Runners were replaced for the three 22-MW turbines and rotor rewinds were made to increase each unit's generating capacity by 3 MW, improve reliability and extend service life. The project kicked off in 2017 and was completed this summer. Subscribers can click here for the 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.
