Blog | FirmoGraphs, LLC

Power Generation and Supply Market Recap, September 2023

Written by FirmoGraphs Staff | Oct 16, 2023 6:36:35 AM

Our September 2023 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 in September:

California AB-1373 Energy Tenants

Status: Proposed

Organization: California State Legislature 

Summary: On September 14, 2023, the California Senate passed AB 1373, which aims to promote the development of renewable energy projects, especially offshore wind and geothermal energy, in the state. The bill would authorize the California Public Utilities Commission (CPUC) to work with the Department of Water Resources (DWR) to purchase these types of clean energy through central procurement. The bill would also require the State Energy Resources Conservation and Development Commission to assess the barriers and benefits of these resources and allocate funds for workforce development grants.

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Notable Projects

FirmoGraphs tracks notable projects from the proposal stage to becoming effective. Here are some of the recent notable projects we have been tracking.

$1.7 Billion Sunstone Solar Project

Type: Generation - Solar 

Status: Proposed

Organization: Sunstone Solar, LLC

Region: Oregon

Summary: Sunstone Solar, LLC, a subsidiary of Pine Gate Renewables, LLC, proposed to construct and operate the Sunstone Solar Project in Morrow County, Oregon. The project is a solar facility with 1,200 megawatts (MW) capacity and up to 1,200 MW/6 hours (7,200 MW-hours) of battery energy storage. In addition, it will also include an interconnection substation, seven collector substations, an operations and maintenance building, and other structures, including roads, perimeter fencing, and gates. The construction is expected to begin in April 2026 and will be fully operational in 2030. According to the 2022 Annual Technology Baseline (ATB), solar projects with battery energy storage will cost $1,446 per kW. Based on this value, FirmoGraphs estimates the project will cost $1.7 billion.

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$900 Million Wichita Solar I

Type: Generation - Solar 

Status: Proposed

Organization: Wichita Solar I, LLC,

Region: Texas

Summary: Wichita Solar I, LLC, a subsidiary of Core Solar, LLC, will construct the Wichita Solar I Project. The project is a solar facility with 625 megawatts of alternating current (MWac) on approximately 5,400 acres of privately owned land in Wichita County, Texas. The construction is expected to begin in February 2027 and enter commercial operation in December 2028, costing $900 million.

Contact FirmoGraphs to See the Document

$610 Million Lavender Solar Project

Type: Generation - Solar

Status: Proposed

Organization: Lavender Solar, LLC

Region: Texas

Summary: Lavender Solar, LLC, a subsidiary of RKB Energy, LLC, will construct the Lavender Solar Project. The Project is a solar facility with 180 megawatts (MW) of solar generation capacity and a 100 MW battery energy storage system (BESS) on approximately 1,474 acres of land in Limestone County, Texas. The construction is expected to begin in 2025 and enter commercial operation in the fourth quarter of 2026, costing nearly $610 million.

Contact FirmoGraphs to See the Document

$562 Million Felix 1 Solar Project

Type: Generation - Solar

Status: Proposed

Organization: Felix I, LLC

Region: Texas

Summary: Felix I, LLC, a subsidiary of AES Clean Energy, LLC, will construct the proposed Felix I Project. The project is a solar facility with 600 megawatts (MW) of alternating current located within a proposed reinvestment zone in Taylor County and Merkel Independent School District. In addition, it will feature 2,400,000 photovoltaic panels and approximately 360 central inverters. The construction will commence on January 1, 2026, and is expected to enter commercial operation on December 31, 2027, costing a bit over $562 million.

Contact FirmoGraphs to See the Document

$528 Million Cold Creek Solar Project

Type: Generation - Solar 

Status: Proposed

Organization: Cold Creek Solar, LLC

Region: Texas

Summary: Cold Creek Solar, LLC, a subsidiary of Doral Renewables, LLC, will construct the Cold Creek Solar Project. The project is a solar facility with 430 megawatts (MW) capacity and 170 MW of battery energy storage system (BESS) on approximately 3,000+ acres of land in Schleicher County, Texas. The construction is expected to begin in the first quarter of 2027 and enter commercial operation in the fourth quarter of 2028, costing nearly $528 million.

Contact FirmoGraphs to See the Document

 

Notable M&A

The following  M&A transactions in the Power Generation and Supply Industry stand out in the month of September:


What We Are Reading

Here are some recent articles our team has been reading:



Meeting Planner

In this over-digitized age, there is no replacement for face-to-face meetings with your prospects and customers! We track meetings of interest to our customers serving the US power generation and supply industry so you won’t miss upcoming meetings and deadlines. Also, FirmoGraphs has recently implemented a free-of-charge service for tracking notable infrastructure events


Meetings in October and November 2023

Name Organization

Name Meeting Key

Date Start

Date End

American Public Power Association

APPA Legal & Regulatory Conference

2023-10-15

2023-10-18

American Council for an Energy-Efficient Economy

ACEEE Energy Efficiency as a Resource

2023-10-16

2023-10-18

Solar Media Ltd

Wind Power Finance & Investment Summit USA

2023-10-17

2023-10-18

CIBO

CIBO Annual Meeting / Environmental & Energy/Sustainability Committee Meeting

2023-10-24

2023-10-25

Association of Energy Engineers

AEE World Energy Conference & Expo

2023-10-25

2023-10-27

Energy Central

EC Energy Transition North America

2023-11-01

2023-11-01

National Association of Energy Service Companies

NAESCO R3 Conference & Innovation Expo

2023-11-06

2023-11-08

Solar Media Ltd

Solar & Storage Finance USA

2023-11-07

2023-11-08

American Council for an Energy-Efficient Economy

ACEEE Behavior, Energy, and Climate Change (BECC)

2023-11-12

2023-11-15

American Public Power Association

APPA Customer Connections Conference

2023-11-12

2023-11-13

American Wind Energy Association

AWEA Resource & Technology Conference

2023-11-14

2023-11-15

Energy Central

EC Floating Wind USA

2023-11-23

2023-11-23



Early Bird Registration

  • Event: American Public Power Association
    Dates: November 12 - November 13, 2023
    Deadline for Early Registration: October 13, 2023

  • Event: Energy Central
    Dates: December 5 - December 6, 2023
    Deadline for Early Registration: October 27, 2023