• Posted On Sunday, October 11, 2020 by Evan Lamolinara

    Powersept2020

    SalesLeads announced today the Q3 2020 results for the new planned capital project spending report for the Power Generation industry. The Firm tracks North American planned industrial capital project activity including facility expansions, new plant construction and significant equipment modernization project. Research confirms 54 new projects in the Energy sector.

    Planned industrial project activity within the sector decreased by 11% from the previous quarter, but is up 20% YTD from the previous year.

    The following are selected highlights on Power Generation and Energy Industry Construction construction news.

               

    Power Generation and Energy - By Project Scope/Activity

                New Construction - 51 New Projects

                Expansion - 1 New Project

                Renovations/Equipment Upgrades - 3 New Projects

                Plant Closing - 0 New Projects

     

    Power Generation and Energy - By Project Location(Top 5 States)

                Massachusetts - 5

                Indiana - 4

                Michigan - 4

                New York - 3

                Texas - 3

     

    Largest Planned Project

    During the 2nd quarter of 2020, our research team identified 10 new Power Generation and Energy construction projects with an estimated value of $100 million or more.

    The largest project is owned by Competitive Power Ventures, who is planning to invest $1 billion for the construction of a 1,300 MW combined-cycle natural gas-fired power plant in GRUNDY COUNTY, IL. They have recently received approval for the project. Completion is slated for early 2023.

     

    Top 10 Tracked Power Generation and Energy Construction Projects

    INDIANA:

    Renewable energy company is planning to invest $500 million for the construction of a 500 MW solar farm in PULASKI COUNTY, IN. They are currently seeking approval for the project.

     

    ALBERTA:

    Solar energy company is planning to invest $169 million for the construction of a 120 MW solar farm at Edmonton International Airport in EDMONTON, AB. Construction is expected to start in early 2022, with completion slated for late 2022.

     

    COLORADO:

    Renewable energy company is planning to invest $136 million for the construction of a 75 MW solar farm in ELBERT COUNTY, CO. They are currently seeking approval for the project.

     

    ILLINOIS:

    Energy company is planning to invest $180 million for the construction of a 175 MW solar farm on a 1,300-acre site in ELDENA, IL. They are currently seeking approval for the project.

     

    KENTUCKY:

    Renewable energy company is considering investing $120 million for the construction of a solar farm and currently seeking a site in MADISON COUNTY, KY. Watch SalesLeads for updates.

     

    NEW YORK:

    Energy company is planning to invest $213 million for the construction of a 124 MW wind farm in BROOME COUNTY, NY. They are currently seeking approval for the project.

     

    VIRGINIA:

    Solar energy company is planning to invest $101 million for the construction of a solar farm on a 669 acre site in STEPHENS CITY, VA. They have recently received approval for the project. Construction is expected to start in 2021, with completion slated for early 2022.

     

    LOUISIANA:

    Specialty chemical company is planning to invest $90 million for the renovation and equipment upgrades on their processing facility and energy center in VILLE PLATTE, LA. They have recently received approval for the project. Construction is expected to start in Spring 2021, with completion slated for 2022.

     

    MICHIGAN:

    Renewable energy company is planning to invest $90 million for the construction of a solar farm on a 1,500-acre site in CHEBOYGAN COUNTY, MI. They have recently received approval for the project.

     

    ALABAMA:

    Electric utility company is planning for the construction of a 720 MW natural gas fired power plant in BUCKS, AL. They are also planning for the renovation and equipment upgrades on a 238 MW power plant in MOBILE, AL. They have recently received approval for the project.

     

    Since 1959, SalesLeads, based out of Jacksonville, FL has been providing Industrial Project Reports on companies that are planning significant capital investments in their industrial facilities throughout North America. Our professional research team identifies new construction, expansion, relocation, major renovation, equipment upgrades, and plant closing project opportunities so that our clients can focus sales and marketing resources on the target accounts that have an impending need for their products, services, and indirect materials.

    Each month, our team provides hundreds of industrial reports within a variety of industries, including:

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