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

Paper Company Sells Maine Hydropower Assets

LCG, Oct. 12, 2001--Canadian real estate, power generating, natural resource and financial firm Brascan Corp. announced this morning an agreement to purchase from Great Northern Paper Inc. a hydroelectric generating and transmission system in northern Maine for $156.5 million.

Brascan said the acquisition by its subsidiary, Great Lakes Power Inc., will increase Brascan's total power generating capacity to over 1,100 megawatts and enhance its ability to market power in the increasingly integrated North American energy markets.

Brascan said it will acquire 280 megawatts of combined generating capacity, consisting of six hydroelectric generating stations with 130 megawatts among them and Great Northern's thermal generating plant of 150 megawatts.

According to Brascan, the acquisition includes several generation and transmission assets.

  • Six hydroelectric generating stations located on the Penobscot River with a combined capacity of about 130 megawatts.

  • Eleven dams, the impoundments of which are capable of storing water sufficient to generate 300,000 megawatt-hours of electric power.

  • Opportunities through capital investment to enhance the system's output and improve the reliability and efficiency of its generating units.

  • Marketing agreements for up to 15 years with Great Northern for the supply of energy and the sale of surplus power production from the generating stations.

Brascan and Great Northern have also agreed to jointly study the development of a new transmission line connecting Quebec with the New England Power Pool, using Great Northern's rights of way in northern Maine which extend to the Quebec border.

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