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

NRC Asked to Extend Licenses for Peach Bottom Nukes

LCG, July 3, 2001Exelon Corp. said yesterday its Exelon Nuclear subsidiary had filed applications with the Nuclear Regulatory Commission asking that the operating licenses of Units 2 and 3 of the Peach Bottom Atomic Power Station near Lancaster, Pa. be extended for 20 years.

"A 20-year extension in Peach Bottom's operating license is an investment in 2,200 megawatts of clean, emission-free electricity and helps to ensure an economical and reliable source of power for southeastern Pennsylvania for years to come," said Oliver D. Kingsley, president of Exelon Nuclear.

Exelon said its license renewal team has reviewed more than 100 systems and inspected more than 40,000 items of plant equipment to determine that the two reactors will be able to continue operation without risk to public safety or health. In a nutshell, the company said the plants are better than new because of stringent maintenance requirements and continued improvement in operations.

Last year, the Peach Bottom plant generated the most electricity in its 25-year history, Exelon said.

Exelon pointed out that the license renewal will cost about $18 million for both reactors, or around $8 per kilowatt of capacity. By comparison, building a new natural gas-fueled power plant can cost anywhere from $500 to $1,000 per kilowatt of capacity, the company said.

Exelon and Public Service Enterprise Group Inc. each have a 46.25 percent ownership interest in Peach Bottom, with Conectiv Inc. owning the 7.5 percent balance.

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