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

FERC Accepts LNG Permit Application from Commonwealth

LCG, September 4, 2019--Commonwealth Projects, LLC yesterday announced that the Federal Energy Regulatory Commission (FERC) has formally accepted Commonwealth LNG, LLC's filing application to construct one liquefied natural gas (LNG) plant at the mouth of the Gulf of Mexico near Cameron, Louisiana. The company stated that it is on schedule to commence operations in the first quarter of 2024.

Commonwealth's President and CEO said, "FERC's formal acceptance of Commonwealth LNG project's filing application marks another significant milestone achieved by the Commonwealth LNG team and represents an important step in progressing the project and moving closer to a final investment decision."

The proposed Commonwealth LNG project will be built on a 393-acre site located on the west side of the Calcasieu Ship Channel, near the entrance to the Gulf of Mexico. The project includes six gas liquefaction trains, six full-containment LNG storage tanks and related facilities. Each train will have a liquefaction design capacity of approximately 1.4 million metric tonnes per annum (MTPA) for a total nominal liquefaction capacity of 8.4 MTPA. Under optimal operating conditions, the facility will have a peak capacity of up to 9.5 MTPA (equivalent to approximately 441.4 Bcf/year of LNG).

Natural gas will be delivered from existing intrastate and interstate pipeline systems of Kinetica Partners, LLC ("Kinetica"), and EnLink Bridgeline Holdings LP ("Bridgeline") to the LNG facility via a 3-mile long, 30-inch diameter pipeline.

Pipeline construction is planned to occur over a twelve-month period and is anticipated to commence between the first quarter of 2022 and the second quarter 2023. Construction of the LNG Facility will occur over a 36 to 38-month period and is projected to commence in early 2021. Commonwealth LNG stated that it expects to take a final investment decision on the project in Q4 2020.
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