Natural Gas Industry Continues to Lead in U.S. Power Project Kickoffs
Industrial Info is tracking more than 880 U.S. Power Generation Industry projects with a total investment value of $39.5 billion that are planned to kick off in the first half of 2017. Many power projects continue to seek advantage from abundant supplies of U.S. shale gas, making natural gas-fired projects the top fuel choice for new construction projects. This is followed by wind and solar projects. For more on how natural gas-fired is leading the country's new-build power projects, see February 13, 2017, article - Gas-Fired Power Development Expected to Surge Across North America.
Among the top natural gas-fired projects set to begin in the first half of this year is the Cricket Valley combined-cycle project in Dover Plains, New York. The brownfield project involves initial dismantlement and demolition of facilities at an existing site formerly used for magnesium refining, Formica production and tire recycling. The cleanup project began earlier this year, along with initial site preparation for the $1.4 billion Cricket Valley Energy Center, which will have a generating capacity of approximately 1,100 megawatts (MW). The project is expected to be completed in the first half of 2020. Bechtel Power Corporation (Frederick, Maryland) is acting as engineering, procurement and construction (EPC) firm on the project.
Another major $1 billion+ project is NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) Okeechobee Clean Energy Center in Florida. The $1.2 billion, combined-cycle project is planned to kick off during the first quarter of this year, with Zachry Group taking the helm as EPC contractor. The 1,479-MW grassroot facility is being constructed on a 200-acre site near Okeechobee and is expected to be completed in 2019. For more on NextEra Energy's projects, see January 30, 2017, article - NextEra CEO Addresses Concerns About Renewable Tax Incentives.
Also on the books for natural gas-fired plants planned to kick off in the first half of this year is the grassroot, 1,100-MW South Field Energy Center near Wellsville, Ohio. Bechtel Power also is acting as EPC firm for this project, which is scheduled to kick off during the first quarter of this year and be complete in late 2020.
Aside from capital projects, Industrial Info also is tracking more than $757 million of maintenance projects at natural gas-fired power plants that are planned to kick off during the first six months of 2017. Among these projects is Calpine Corporation's (NYSE:CPN) (Houston, Texas) maintenance outage for units 3, 4 and 6 at its natural gas-fired power plant in Marion, Texas. The project is set to kick off during the first quarter of this year.
These are just a few of the larger projects planned to kick off at natural gas-fired facilities in the U.S. during the first half of the year.
For more information and the latest natural gas news, please subscribe to the IIR blog.