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

Dynegy Completes Buy of Two New York Power Plants

LCG, Jan. 31, 2001Dynegy Inc. said yesterday it had completed the purchase of two New York power plants with a combined capacity of 1,700 megawatts. Central Hudson Gas & Electric Co. was the principal seller.

Dynegy bought the 500 megawatt natural gas-fueled Danskammer plant outright from Central Hudson and the 1,200 megawatt Roseton plant, which can burn either gas or fuel oil, from Central Hudson which owned 35 percent of the facility and its co-owners, Niagara Mohawk Power Corp. which owned 25 percent and Consolidated Edison Co. of New York which had a 40 percent interest.

Central Hudson said the sale price for both plants was $903 million and estimated its share of the sale, after recovery of taxes and undepreciated book costs, is approximately $296 million.

Central Hudson said it had contracted with Dynegy for a portion of the output of the plants, but cautioned that it was no longer the controlling factor in the price of power sold to its retail customers.

"Though we have contracted to purchase a portion of the output from the Roseton and Danskammer plants to stabilize bills for the next few years, we don't have the ability to control electricity supply costs in the long term because we no longer own large generation plants. In the future, the market will determine prices," warned Paul J. Ganci, chief executive of Central Hudson's parent holding company.

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