Tampa Electric Plans to $800 Million Investment in New Solar Power Generation

LCG, February 24, 2020--Tampa Electric recently announced plans to expand its use of solar power to meet customer needs in Florida. The company plans to invest approximately $800 million to add 600 MW of solar electric generating capacity by the end of 2023, when the total solar capacity would exceed 1,250 MW. Solar power will then account for about 14 percent of the utility's energy.

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AWEA Issues Fourth Quarter 2019 Market Report

LCG, February 7, 2020--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Fourth Quarter 2019 Market Report. AWEA reports new wind turbine installations have added 5,476 MW of electric generating capacity during the fourth quarter, which results in 2019 installations totaling 9,143 MW. The total installations represent an increase over 2018, but the total for 2019 falls short of total annual installations for 2015 and 2016. In addition to new capacity additions, developers completed 2,500 MW of turbine repowerings for the year.

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Industry News

Dominion Plans on Offshore Wind Projects, Pumped Storage and Relicensing of Nuclear Plants to Reduce Carbon Emissions

LCG, August 1, 2019--Dominion Energy presented plans to invest in clean energy infrastructure in its second-quarter earnings call yesterday. Dominion's five-year growth capital plan totals $26 billion through 2023.

A significant portion of Dominion's capital expenditure plan is to develop and install offshore wind projects. In July Dominion initiated construction on its $300 million, 12-MW Coastal Virginia wind pilot project, located 27 miles offshore of Virginia Beach, Virginia. The project is scheduled for completion in 2020. Dominion now expects the offshore lease area may accommodate over 2,000 MW of generation capacity and a total investment of $1.1 billion through 2024.

The executive vice president, president and CEO of Dominion's Power Generation Group stated, "In Virginia, we're looking at the need to get the life-cycle cost equivalent down closer to maybe the $80/MWh range, which means we need to see about a 15% to 20% capital cost improvement. We think that those costs can move in that direction once we stand up the US supply chain. That's been a real benefit that they've seen in Europe is being able to scale up the supply chain."

Given Dominion's interest to add variable or intermittent renewable generation resources, Dominion is also refining its search for a potential site to install a $2 billion to $3 billion pumped storage facility in southwestern Virginia. In addition, Dominion Energy Virginia (Virginia Electric and Power Company) will file its first battery pilot program this week. "We will pair batteries with solar facilities to begin the integration of peak shifting and clipping as well as test the reliability benefits of batteries on our distribution grid."

Relicensing Dominion's four existing Westinghouse pressurized water reactors reactors in Virginia for another 20 years is another critical element of Dominion's plan to utilize carbon-free electric generating resources. The nuclear resources include the approximately 1,958-MW North Anna and the 1,750-MW Surry nuclear power plants, along with a $4 billion capital program. The North Anna and Surry units were originally licensed to operate for 40 years, like all U.S nuclear units. All four units' licenses were renewed for 20 additional years of operation in 2003. The North Anna and Surry nuclear units' respective licenses currently will expire in 2038 and 2040, and 2032 and 2033. After a second renewal, the respective licenses for North Anna and Surry will allow the units to operate to 2058 and 2060, and 2052 and 2053.
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