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

Calpine Buys UK's Saltend Plant from Entergy

LCG, July 6, 2001--Entergy Corp. said it yesterday it has sold Saltend Energy Centre, one of the largest natural gas-fired plants in the United Kingdom, to California-based independent power producer Calpine Corp. for 560 million ($784 million U.S.).

The 1,200 megawatt plant, one of Britain's biggest and most modern gas fired power stations, began commercial operations last November. Entergy said it would keep its 800 megawatt Damhead Creek power plant close to London. Damhead started operating in February.

Saltend provides electricity and steam for BP Chemical's Hull Works plant under the terms of a 15-year agreement. The rest of the facility's output is sold into the deregulated British power market.

Entergy said the sale of Saltend was "a substantial opportunity to immediately harvest value and redeploy capital."

"This modern cogeneration facility marks Calpine's entry into the robust UK power industry andrepresents the cornerstone for our European strategy," said Rick Haviland, Calpine senior vicepresident. "We plan to capitalize on our core power competencies developed in North America,including power plant development, construction, operations and power trading, selectivelyexpanding our operations in the UK, as well as Italy and Spain."

The sale brings the amount spent on British power station acquisitions in the past two years to more than 5 billion ($7 billion). Ten UK power plants, with a combined capacity of more than 16,000 megawatts, have been sold since the spring of 1999.

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