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EIA Estimates Record U.S. Electric Generating Capacity Additions in 2026, with Solar in the Lead

LCG, February 20, 2026--The EIA today issued an "in-brief analysis" that estimates U.S. power plant developers and operators plan to complete a record installation of 86 GW of new, utility-scale electric generating capacity that is connected to the U.S. power grid in 2026. Last year, 53 GW of new capacity was added to the grid, which was the largest capacity installation in a single year since 2002. Thus the estimate of 86 GW of new capacity in 2026 is a whopping 33 GW greater than the year prior. It should be noted that over 20 GW of the 86 GW of new capacity this year is estimated to be completed in December.

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Enhanced Geothermal Systems May Drive Significant Growth in Geothermal Power Generation

LCG, February 19, 2026--The EIA released an "in-brief analysis" today regarding the expected completion of the first, large-scale commercial enhanced geothermal system (EGS) in June 2026, and the significant growth potential for year-round, 24x7, carbon-free, renewable EGS power generation in the United States.

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Industry News

AES Completes Financing for 450 Bangladesh Megawatts

LCG, April 13, 2001AES Corp said yesterday its AES Meghnaghat Ltd. subsidiary has signed agreements with the Asian Development Bank, Infrastructure Development Company Ltd. and ANZ Investment Bank for the financing of its $300 million, 450 megawatt combined cycle gas-fired powerplant in Bangladesh.

The Meghnaghat plant and another 360 megawatt plant in Haripur are the first large-scale independent power programs in the country to be developed, financed and implemented under the Private Sector Power Generation Policy of Bangladesh.

AES will own and operate the Meghnaghat plant, which is located about 18 miles southeast of the capital city of Dhaka. Electricity will be sold to Bangladesh Power Development Board under a 22-year power purchase agreement at what AES claims is one of the lowest electricity prices ever offered.

Titas Gas Transmission and Distribution Co. Ltd., a wholly-owned subsidiary of state energycompany Petrobangla, will supply natural gas to the power plant for the term of the power purchaseagreement, AES said.

The plant is being designed and built by a consortium of Hyundai Engineering & Construction Co. Ltd. and Hyundai Heavy Industries Co. Ltd. and is expected to be completed by October of next year.

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