August 2021's Power Generation & Supply Market Recap is a snapshot of the data and information we curate. We share industry drivers, notable projects, recent mergers and acquisitions, interesting reads, and updates on upcoming meetings and conferences.
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Industry Drivers
Our data team tracks new and updated industry drivers. Here are some recent drivers we have been following this month:
Clean Electricity Payment Program
Status: Proposed
Organization: Clean Air Task Force
Summary: U.S. Sen. Tina Smith, D-Minn., is promoting a program to get retail electricity providers to boost the amount of renewable power they sell that is designed to fit the criteria that must be met by legislation passed by the budget reconciliation process. As explained by a nonprofit called the Clean Air Task Force, the Clean Electricity Payment Program would offer federal investments and other financial incentives to retail power providers if they increase the amount of their electricity that comes from renewable sources. The program’s structure would enable it to be included in a $3.5 billion bill that Democrats are trying to pass via the budget reconciliation process so it only needs a simple majority, rather than 60 votes, in the Senate.
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Treasury Announces Fossil Fuel Energy Guidance for Multilateral Development Banks
Status: Effective
Organization: U.S. Department of the Treasury
Summary: On August 16, 2021, the Treasury Department issued its Fossil Fuel Energy Guidance for Multilateral Development Banks. The Guidance was issued in response to President Biden’s Executive Order on Tackling the Climate Crisis at Home and Abroad, which promotes ending international financing of carbon-intensive fossil fuel-based energy while simultaneously advancing sustainable development and a green recovery. The Guidance advocates for MDB staff to assess options for clean energy, innovation, and energy efficiency, and to only consider fossil fuels if less carbon-intensive options are unfeasible.
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Notable Projects
We track notable projects from the proposal stage to becoming effective. Here are some of the recent notable projects we have been tracking.
$7.8 Billion Offshore Wind Project
Type: Wind Generation
Status: Proposed
Organization: Dominion Energy
Region: Virginia
Summary: In July 2021, the US Bureau of Ocean Energy Management (BOEM) published a Notice of Intent to prepare an environmental impact statement for the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project that Dominion Energy has proposed building and operating 27 miles off the coast of Virginia Beach, VirginiaThe NOI kicks off BOEM's and other federal agencies' reviews of the project. Construction on the $7.8 billion project is scheduled to commence in January 2024 and be completed in December 2026. Also in July, the Virginia State Corporation Commission opened a docket to receive Dominion’s application for approval of the project.
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$1.7 Billion Horse Heaven Wind Project
Type: Wind Generation
Status: Proposed
Organization: Horse Heaven Wind Farm, LLC
Region: Washington
Summary: On February 8, 2021 the Washington State Energy Facility Site Evaluation Council (EFSEC) received an Application for a Site Certification from Scout Clean Energy subsidiary Horse Heaven Wind Farm, LLC for a project that would combine up to 1,150 MW of wind and solar generation capacity with battery energy storage.. The Horse Heaven Clean Energy Center would be located on 72,478 acres of privately held land in Benton County, Washington and would have an estimated value of $1.7 billion. Scout had anticipated beginning construction in September 2021 and completing it in December 2023, but The Seattle Times reported on May 4, 2021, that EFSEC is expected to take a year or more to review the project.
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$368 Million Rhyolite Ridge 1 Project
Type: Solar Generation
Status: Proposed
Organization: 335es 8me, LLC
Region: Nevada
Summary: On April 26, 2021, 335es 8Minute Solar Energy subsidiary 8me, LLC submitted to the Public Utilities Commission of Nevada a Notice Pursuant to the Utility Environmental Protection Act of an Application to a Federal Agency to construct the Rhyolite Ridge 1 Project, which consists of a 380 MW solar generation facility, an up-to-380-MW battery energy storage system, and ancillary facilities. The project would be located on 2,979 acres of federally owned land managed by the Bureau of Land Management in Esmeralda County, Nevada and connect to the electric grid at the Esmeralda Substation via a 3-mile-long 525 kV transmission line.. 335es 8me estimates construction on the project will commence in 2025 and that the project will go into commercial operation in 2026. The project’s value is estimated at around $368 million.
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$330 Million Harvey Solar Project
Type: Solar Generation
Status: Proposed
Organization: Harvey Solar I, LLC
Region: Ohio
Summary: On June 24, 2021, Harvey Solar I, LLC, filed a Pre Application Notification Letter with the Ohio Power Siting Board for the Harvey Solar Project, an up-to-350-MW solar generation facility that the Open Road Renewables subsidiary is proposing to build on 2,630 acres of privately owned land in Hartford Township, Licking County, Ohio. In the letter, Harvey Solar said it anticipates construction on the facility beginning as early as the fourth quarter of 2022, resulting in the facility operating commercially in the fourth quarter of 2023. In an application filed with the Public Utilities Commission of Ohio on August 6, 2021, Harvey Solar said the project’s total capital expenses per kW are $932, which would bring its cost to approximately $330 million.
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$330 Million Harvey Solar Project
Type: Solar Generation
Status: Proposed
Organization: Harvey Solar I, LLC
Region: Ohio
Summary: On June 24, 2021, Harvey Solar I, LLC, filed a Pre Application Notification Letter with the Ohio Power Siting Board for the Harvey Solar Project, an up-to-350-MW solar generation facility that the Open Road Renewables subsidiary is proposing to build on 2,630 acres of privately owned land in Hartford Township, Licking County, Ohio. In the letter, Harvey Solar said it anticipates construction on the facility beginning as early as the fourth quarter of 2022, resulting in the facility operating commercially in the fourth quarter of 2023. In an application filed with the Public Utilities Commission of Ohio on August 6, 2021, Harvey Solar said the project’s total capital expenses per kW are $932, which would bring its cost to approximately $330 million.
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$300 Million Mammoth Solar South Facility
Type: Solar Generation
Status: Proposed
Organization: Starke Solar, LLC
Region: Indiana
Summary: On July 29, 2021, Starke Solar, LLC filed a petition to construct, own, and operate the 300 MW Mammoth Solar Phase 2 project with the Indiana Utility Regulatory Commission. The project will use over 740,000 solar panels to generate electricity on 3,428 acres of property in Pulaski County. Construction on the estimated $300 million facility is expected to begin in January 2022 and end in June 2024.
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$242 Million Control-Silver Peak Project
Type: Subtransmission infrastructure
Status: Proposed
Organization: Southern California Edison Company
Region: California
Summary: On August 13, 2021, the Southern California Edison Company filed an application with the California Public Utilities Commission for a Permit to Construct the Control-Silver Peak Project in order to remediate physical clearance discrepancies on the five 55 kV subtransmission line segments that make up SCE’s Control-Silver Peak “A” and “C” circuits. The project would involve work on subtransmission, distribution, lines, distribution, and telecommunications/system protection infrastructure, as well as, substations. SCE said in the application that the project has an estimated cost of $242 million and that construction on it is scheduled to begin in the second quarter of 2024 and be completed by the first quarter of 2027.
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$200 Million West Kauai Energy Project
Type: Solar Generation and Energy Storage
Status: Proposed
Organization: Kauai Island Utility Cooperative
Region: Hawaii
Summary: On August 23, 2021, the Hawaii Office of Environmental Quality Control (OEQC) published a draft environmental assessment of the West Kauai Energy Project (WKEP) that found that the project’s construction won’t have any long-term, adverse impacts. The public has until Sept. 22 to comment on the document, after which a revised final version of it will be submitted to the QEQC for publication. The WKEP is a solar-generation, energy-storage, pumped-storage, hydroelectric-generation and irrigation project proposed by the Kauai Island Utility Cooperative (KIUC), which signed agreements to have AES Corporation create, build and run the facility and applied to the Hawaii Public Utilities Commission on December 31, 2020, for approval of a Power Purchase Agreement with AES.. KIUC wants to obtain all the permits for the $200 million facility by the end of 2023 and have it in service by the end of 2025.
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$180 Million Las Camas Solar Project
Type: Solar Generation
Status: Proposed
Organization: EDPR CA Solar Park III, LLC
Region: California
Summary: A Notice of Preparation: Draft Environmental Impact Report for the Las Camas Solar Project was issued by the Merced County Community and Economic Development Department on August 13, 2021. The project applicant, EDPR CA Solar Park III, LLC will own, develop, and manage the 200 MW solar photovoltaic power plant on around 1,745 acres of unoccupied land in unincorporated Merced County. The $180 million facility is slated to open in October 2024 and will run for 35 years.
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Notable M&A
The following M&A transactions in the Power Generation and Supply Industry stand out in the month of May:
- On August 11, 2021, BKV Corporation agreed to acquire the Temple 1 power plant in Temple, Texas for $430 million.
- On August 25, 2021, NextEra Energy Partners acquired a 391-megawatt portfolio of wind assets in California and New Hampshire.
What We Are Reading
Here are some recent articles our team has been reading:
- PSC Approves Plan to Keep Mitchell Plant Open
- California Shuts Down Major Hydropower Plant Amid Surging Drought
- Duke Energy Sustainable Solutions' 182-MW Maryneal Wind Power in Texas Starts Commercial Operation
- Texas Power Demand Expected to Hit 2021 Highs During Heatwave
- FPL wants St. Lucie nuclear power units renewed to run through 2050s and 2063
- New Ash Beneficial Use Center in Georgia to offer investigations of coal ash technologies
- Bakken Energy to Develop Largest Clean Hydrogen Production Facility in United States
- NERC Report: North American Bulk Power System Retains Reliability in Face of Attacks, Weather and Resource Changes
- Schwarzenegger Institute Backs Call for West Coast Offshore Wind
- Regulators approve sale of NH's largest commercial wind farm
- California to boost solar and wind capacity to meet renewable goals
- Federal initiative to invest $300 million in coal communities presents high application hurdles
Meeting Planner
Organizations have shifted their event strategies during the COVID-19 pandemic. We are tracking these changing meeting plans.
Meetings in September and October 2021
- IEEE - PES International Smart Cities Conference: Smart Cities – Post-pandemic vision and challenges - Sept. 7 - Sept. 10, 2021
- NMA MINExpo International - Sept. 13 - Sept. 15, 2021
- APPA Business & Financial Conference - Sept. 19 - Sept. 22, 2021
- MREA SPI, ESI, and Smart Energy Week - Sept. 20 - Sept. 23, 2021
- SEPA North America Smart Energy Week - Sept. 20 - Sept. 23, 2021
- The International Pittsburgh Coal Conference - Sept. 20 - Sept. 23, 2021
- IDEA Annual Conference & Trade Show - Sept. 27 - Sept. 29, 2021
- API Offshore Safe Lifting Conference & Expo - Sept. 28 - Sept. 29, 2021
- NESEA BuildingEnergy NYC - Sept.29 - Sept. 30, 2021
- MREA ASES National Solar Tour: Experience Solar in your Community - Oct. 2 - Oct. 3, 2021
- EGSA Fall Conference - Oct. 3 - Oct. 5, 2021
- ICMA Annual Conference: Let’s Restart & Begin to Reimagine - Oct. 3 - Oct. 6, 2021
- AFPM Summit - Oct. 5 - Oct. 7, 2021
- AFPM 2021 Security Conference - Oct. 5 - Oct. 6, 2021
- AFPM 2021 Labor Relations/Human Resources Conference - Oct. 5 - Oct. 6, 2021
- AFPM 2021 Environmental Conference - Oct. 11 - Oct. 12, 2021
- API Storage Tank Conference And Expo - Oct. 11 - Oct. 14, 2021
- SEPA Solar and Energy Storage Southeast - Oct. 11 - Oct. 12, 2021
- AWEA Offshore WINDPOWER Conference and Exhibition - Oct. 13 - Oct. 15, 2021
- AFPM 2021 International Petrochemical Conference - Oct. 17 - Oct. 19, 2021
- APPA Legal & Regulatory Conference - Oct. 17 - Oct. 20, 2021
- MnSEIA Gateway to Solar Conference - Oct. 18 - Oct. 19, 2021
- ACAA Fall Membership Meeting - Oct. 19 - Oct. 20, 2021
- ACEEE National Conference on Energy Efficiency as a Resource - Oct. 19 - Oct. 27, 2021
- ACAA Global Trends in Fly Ash Production and Utilization Workshop - Oct. 20 - Oct. 21, 2021
- AEE World Energy Conference & Expo - Oct. 20 - Oct. 22, 2021
- APPA Customer Connections Conference - Oct. 24 - Oct. 27, 2021
Early Birds Registration
- Event: EGSA Fall Conference
Dates: Oct. 3 - Oct. 5, 2021
Date for Early Registration: Sept. , 2021 - Event: AFPM 2021 Environmental Conference
Dates: Oct. 3 - Oct. 5, 2021
Date for Early Registration: Sept. 10, 2021 - Event: API Storage Tank Conference And Expo
Dates: Oct. 11 - Oct. 14, 2021
Date for Early Registration: Sept. 13, 2021 - Event: LEC Fall Conference
Dates: Sept. 29 - Sept. 30, 2021
Date for Early Registration: Sept. 15, 2021 - Event: AFPM 2021 International Petrochemical Conference
Dates: Oct. 17 - Oct. 19, 2021
Date for Early Registration: Sept. 17, 2021 - Event: AWEA Cleanpower Conference and Exhibition: Accelerating the Energy Transition
Dates: Dec. 7 - Dec. 8, 2021
Date for Early Registration: Sept. 17, 2021 - Event: APPA Legal & Regulatory Conference
Dates: Oct. 17 - Oct. 20 2021
Date for Early Registration: Sept. 17, 2021 - Event: ISES Solar World Congress
Dates: Oct. 25 - Oct. 29, 2021
Date for Early Registration: Sept. 15, 2021 - Event: APPA Customer Connections Conference
Dates: Oct. 24 - Oct. 27, 2021
Date for Early Registration: Sept. 24, 2021 - Event: USAEE/IAEE North American Conference - Navigating Energy Transitions: Economic, Social, Technical and Policy Challenges
Dates: Nov. 1 - Nov. 2, 2021
Date for Early Registration: Sept. 30, 2021 - Event: APPA Cybersecurity Virtual Summit
Dates: Nov. 8 - Nov. 10, 2021
Date for Early Registration: Oct. 12, 2021 - Event: National Association of Energy Service Companies
Dates: Nov. 9 - Nov. 12, 2021
Date for Early Registration: Oct. 24, 2021
Call for Papers Date
- Event: ESNA Energy Storage North America and Intersolar North America Conference and Expo
Dates: Jan. 13 - Jan. 15, 2022
Date for Early Registration: Sept. 15, 2021