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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

Black Hills Buys Enron Power Plant Near Vegas

LCG, Sept. 7, 2001--Black Hills Energy Ventures, a unit of Black Hills Corp., said yesterday it has purchased from Enron North America a 273 megawatt gas-fired co-generation power plant project located northeast of Las Vegas. Financial details were not disclosed.

The project has 51 megawatts of production currently in operation and another 222 megawatts under construction, with commercial operation scheduled for the summer of next year. Output of both the existing plant and the expansion has been sold under long-term contracts, Black Hills said.

Daniel P. Landguth, Black Hills chief executive, said, "This project achieves several corporate objectives. First, by linking the facility to long-term contracts and fuel provision requirements, we minimize our risk exposure while securing significant recurring revenue and earnings streams. Second, the location is consistent with our desire to have generation assets in Western markets with growth potential. Finally, this power project -- our largest to date -- puts us on target to reach our goal of 1,000 megawatts of independent power capacity by 2003."

Landguth said all of Black Hills' plant acquisitions come with long-term contracts. "We are developing a strong generation portfolio without subjecting our earnings to market volatility," he said.

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