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Released November 14, 2016 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking $117.66 billion in Power Industry projects that currently are set to begin construction in 2017, led by the energy buildout in the U.S. Southwest region, which includes the remarkable oil and gas buildout along the Texas and Louisiana Gulf Coast.
Click on the image at right for a graph detailing planned Power Industry project kickoffs in 2017, by market region.
However, more than 80% of total investment value (TIV) of these projects, or $94.5 billion, is attached to projects that are still in the planning phase, where numerous factors could (further, in many cases) delay the beginning of construction. About 16.66%, or $19.6 billion, is attached to projects in the engineering phase, and about 3.34%, or $3.55 billion, is attached to currently scheduled maintenance projects.
The largest project in the Southwest region is among the country's most anticipated: FGE Power LLC's (The Woodlands, Texas) $1.1 billion first phase of the Eagle Pines Energy Center in New Summerfield, Texas. The first of three power blocks, each with an output of 1,133 megawatts (MW), will include two 315-MW Alstom combustion turbines and a 502-MW steam turbine generator. Previously set for September 2018, construction is now expected to start in the second quarter of 2017 and take a little more than two years to complete. For more information, see Industrial Info's project report.
More than $58 billion in projects fueled by renewable energy are among the projected Power Industry kickoffs for 2017, including the second-highest-valued project in the Southwest region: NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) $950 million first phase of the Hale County Community Windfarm in Plainview, Texas. The project still is in its planning phase, but is expected to involve the construction of 239 wind turbine generators provided by General Electric (NYSE:GE), for a total output of 478 MW. For more information, see Industrial Info's project report.
The Rocky Mountains region, which has the second-largest share of the TIV, is home to a project that is both the single highest-valued and the most dubious in its likelihood to begin construction: TransWest Express LLC's (Denver, Colorado) $3 billion TransWest Express Transmission Line, which would run 725 miles from southern Wyoming through northwest Colorado, through Utah, and into southern Nevada. The project, which has faced a slew of delays as it seeks a long list of necessary permits, would have a 600-kilovolt (kV) capacity. For more information, including various factors contributing to the delays, see Industrial Info's project report.
Most of the Power Industry projects set to begin construction in the West Coast region are fueled by wind and solar power, in keeping with the region's aggressive push for renewable sources. The largest of these is the proposed, $1.8 billion Westlands Solar Park in Stratford, California, which is currently designed to generate 600 MW from monocrystalline or polycrystalline photovoltaic panels. For more information, see Industrial Info's project report.
This summer, Westlands marked the completion of its 2-MW pilot project and announced it had signed a contract with City of Anaheim Public Utilities, according to The Business Journal. Anaheim will purchase the power produced in the initial phase, with no small portion set for Disneyland.
The U.S. Energy Information Administration projects natural gas and coal will generate about 33% and 31% of electricity in the U.S. in 2017, respectively, with natural gas prices expected to increase. Renewables, not including hydropower, are forecast to generate 9%. Generation shares of nuclear and hydropower are expected to be about 6.3% and 19.4%, respectively.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 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 for a graph detailing planned Power Industry project kickoffs in 2017, by market region.However, more than 80% of total investment value (TIV) of these projects, or $94.5 billion, is attached to projects that are still in the planning phase, where numerous factors could (further, in many cases) delay the beginning of construction. About 16.66%, or $19.6 billion, is attached to projects in the engineering phase, and about 3.34%, or $3.55 billion, is attached to currently scheduled maintenance projects.
The largest project in the Southwest region is among the country's most anticipated: FGE Power LLC's (The Woodlands, Texas) $1.1 billion first phase of the Eagle Pines Energy Center in New Summerfield, Texas. The first of three power blocks, each with an output of 1,133 megawatts (MW), will include two 315-MW Alstom combustion turbines and a 502-MW steam turbine generator. Previously set for September 2018, construction is now expected to start in the second quarter of 2017 and take a little more than two years to complete. For more information, see Industrial Info's project report.
More than $58 billion in projects fueled by renewable energy are among the projected Power Industry kickoffs for 2017, including the second-highest-valued project in the Southwest region: NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) $950 million first phase of the Hale County Community Windfarm in Plainview, Texas. The project still is in its planning phase, but is expected to involve the construction of 239 wind turbine generators provided by General Electric (NYSE:GE), for a total output of 478 MW. For more information, see Industrial Info's project report.
The Rocky Mountains region, which has the second-largest share of the TIV, is home to a project that is both the single highest-valued and the most dubious in its likelihood to begin construction: TransWest Express LLC's (Denver, Colorado) $3 billion TransWest Express Transmission Line, which would run 725 miles from southern Wyoming through northwest Colorado, through Utah, and into southern Nevada. The project, which has faced a slew of delays as it seeks a long list of necessary permits, would have a 600-kilovolt (kV) capacity. For more information, including various factors contributing to the delays, see Industrial Info's project report.
Most of the Power Industry projects set to begin construction in the West Coast region are fueled by wind and solar power, in keeping with the region's aggressive push for renewable sources. The largest of these is the proposed, $1.8 billion Westlands Solar Park in Stratford, California, which is currently designed to generate 600 MW from monocrystalline or polycrystalline photovoltaic panels. For more information, see Industrial Info's project report.
This summer, Westlands marked the completion of its 2-MW pilot project and announced it had signed a contract with City of Anaheim Public Utilities, according to The Business Journal. Anaheim will purchase the power produced in the initial phase, with no small portion set for Disneyland.
The U.S. Energy Information Administration projects natural gas and coal will generate about 33% and 31% of electricity in the U.S. in 2017, respectively, with natural gas prices expected to increase. Renewables, not including hydropower, are forecast to generate 9%. Generation shares of nuclear and hydropower are expected to be about 6.3% and 19.4%, respectively.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 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/.
