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

West Africa Needs $10 Billion in Power Investments

LCG, Oct. 3, 2001--A plan approved by the energy ministers of the Economic Community of West Africa States aimed at solving the problems of the regional energy sector calls for an investment of $10 billion in the West African electric power infrastructure, the Nigeria Guardian reported this morning.

Raising that sum will be difficult, the plan admits, because of the perception of the countries as belonging to the high risk zone.

The plan said "both domestic and international investors are discouraged by the high risk they see stemming from West Africa's wars, rebellions, coups, refugees, labor unrest, ethnic clashes and corruption."

The ministers said the need was urgent to build new power plants and to update and build new high voltage transmission lines over the next 15 years.

According to the master plan released in Abuja, Nigeria, yesterday, about $5.8 billion is needed in new investments for a 10-fold increase in existing transmission capacity and six-fold increase in installed generation capacity.

The plan said that putting into operation the West Africa Power pool, which was conceived about 20 years ago, could help power improvements move forward.

"Implementation of the WAPP will create benefits that can be captured and shared among governments, utility companies and end-use consumers," the Guardian quoted the plan as emphasizing.

But there remains a considerable deterrent to investment because of all those wars, rebellions, coups, refugees, labor unrest, ethnic clashes and corruption.

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