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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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Duke Energy Florida Announces New Solar Power Projects

LCG, January 29, 2020--Duke Energy Florida (DEF) Monday announced the locations of its two newest solar power plants that will provide a combined installed capacity of nearly 150 MW. DEF is investing an estimated $1 billion to construct or acquire a total of 700 MW of cost-effective solar power facilities from 2018 through 2022 in Florida, and planning for another 1,500 MW of solar generation through 2028.

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Industry News

TransAlta Buys 55 Megawatt Peaker in New York

LCG, Jan. 25, 2001TransAlta Corp., a Calgary-based Canadian energy company, said this morning it has acquired a 55 megawatt natural gas-fueled power plant in Binghamton, N.Y., near the Pennsylvania border and south of the finger lakes.

TransAlta said it will own and operate 100 per cent of the facility, the company's first power plantacquisition in the New York state market. The company said it made the purchase through the Merchant Energy Group of the Americas, which will be responsible for commercial management.

Merchant Energy Group of the Americas was established in 1997 by Gener SA, a Chilean-based electric generator, and focuses on commercial management of power generation assets in the United States. TransAlta bought 50 percent of the group last June.

As to the Binghamton purchase, Steve Snyder, TransAlta's chief executive noted "This is TransAlta's first power plant purchase in the dynamic eastern US power market. It's another step in our goal to grow our generation by 1,000 megawatts per year."

Gary Hart, TransAlta's general manager for the Ontario area, said the company is "committed to using local services and maintaining jobs at the plant. The Binghamton peaking plant is an efficient, well-maintained facility with access to key energy markets."

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