Natural gas and wind will form the basis of 80% of new-build power plants in the United States this year. According to the U.S. Energy Information Administration’s (EIA) latest inventory of electric generators, 23.7 gigawatts (GW) of new capacity additions and 8.3 GW of capacity retirements are expected to occur in the course of 2019.
In a surprise move, Uniper has announced it will build a 300 MW gas-fired power plant in Irsching, Bavaria – the first such project in Germany in a decade. The new fast-ramp unit will act as a “safety cushion,” set to be dispatched only if grid stability is at risk. Start-up is scheduled for October 1, 2022.
Development banks of Brazil and Germany, BNDES and KfW Ipex-Bank, have agreed a corporate financing deal worth R$1.76 billion ($471m) for an LNG-fuelled power project at the port of Açu, Brazil. The financing covers 39% of the total project costs of R$4.5 billion, with the 1.3 GW plant to be built by Prumo Logística and Siemens.
The first Power-to-Gas (P2G) pilot project in South Korea is about to be built under a government scheme, funded by 49 billion Korean won (US$44 million). The P2G project will convert surplus electricity supply from wind or solar power sources into hydrogen or methane gas. It is scheduled to start operating in 2023.
Aspiring to build a 5,700 km gas pipeline from Nigeria to Morocco, Nigerian National Petroleum Corporation (NNPC) has awarded the first phase of a Front End Engineering and Design (FEED) contract to Phenspen. FEED Phase I entails a detailed design of the pipeline system, its route and project economics.
Britain’s energy firm Drax has completed the £702 million acquisition of a 2.6GW portfolio of gas, hydro power and energy storage assets operated by Scottish Power from its parent company Iberdrola. Now, Drax aims to expand the Cruachan pumped storage plant by up to 600 MW and maximise the flexibility of the four CCGTs with a combined capacity of 2 GW.
Veolia North America and Arizona Public Service (APS) have selected GE’s Fleet360 total plant solutions to increase performance at power plants in Boston and Arlington. APS expects to garner a 6% higher output and a 2% drop in heat rate will boost flexibility at its Redhawk Power Station (1,060 MW).
Mubadala and Dubai Holding have set up a joint project vehicle to develop the United Arab Emirates’ (UEA) self-proclaimed “most efficient power plant” at Emirates Global Aluminium’s (EGA) smelter in Jebel Ali. The 600 MW power unit and integrated water desalination plant will be built under a 25-year deal worth over 1 billion dirhams ($272m).
TransCanada, the Canadian pipeline network operator, has agreed to sell its Coolidge Generating Station in Arizona, U.S., to a subsidiary of Southwest Generation Operating for US$623 million (C$623m). The Coolidge plant is a 575-MW gas-fired power facility that is underpinned by a long-term power purchase agreement (PPA).
Anglo-Swiss commodity trader Glencore is understood to partner with Limay LNG Power Corp. on realizing a LNG-fuelled power plant in Batan, Luzon Island, with a capacity of 1,100 MW. Glencore could provide project financing and help with LNG procurement, adding to supplies from the Philippines’ depleting Malampaya field.