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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

Calpine Adds to Natural Gas Reserves

LCG, July 11, 2001Calpine Corp., which is building gas-fired power plants as fast as possible, yesterday said that it has acquired in two transactions 236 billion cubic feet equivalent of proven natural gas reserves in the U.S. Southwest.

Chris Chambers, the company's vice president for business development, said "With these properties in place, Calpine is continuing to meet our goal of owning 25 percent of our natural gas requirements."

Combined, the two deals represent an investment of $355 million plus assumption of $49.5 million in debt, Calpine said.

In a purchase from The Bayless Companies, Calpine acquired certain assets in New Mexico's San Juan Basin, including 35 wells that produce about 6 million cubic feet equivalent a day, 96 percent of which is natural gas. That transaction has closed, Calpine said.

In the second deal, Calpine acquired a majority interest in Michael Petroleum of Houston. Michael Petroleum's gas reserves, located in South Texas, include total proven reserves of 204 billion cubic feet equivalent and currently produce 43 million cubic feet equivalent a day.

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