• Posted On Sunday, February 7, 2021 by Evan Lamolinara

    Power Q4 2020

    SalesLeads announced today the Q4 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 66 new projects in the Energy sector.

    Planned industrial project activity within the sector increased by 18% from the previous quarter, and is up 22% 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 - 60 New Projects

                Expansion - 0 New Projects

                Renovations/Equipment Upgrades - 1 New Project

                Plant Closing - 5 New Projects

     

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

                California - 6

                Virginia - 4

                New York - 4

                Illinois - 4

                Michigan - 4  

     

    Largest Planned Project

    During the 4th quarter of 2020, our research team identified 8 new Power Generation and Energy construction projects with an estimated value of $100 million or more.

    The largest project is owned by Bechtel Corporation, who is planning to invest $800 million for the construction of a natural gas-fired power plant in RENOVO, PA. They are currently seeking approval for the project. Construction is expected to start in Spring 2021.

     

    Top 10 Tracked Power Generation and Energy Construction Projects

    QUEBEC:

    Electric utility service provider is planning to invest $750 million for the renovation and equipment upgrades on their 753 MW hydroelectric power plant in SAINT-ANDRE-D'ARGENTEUIL, QC. Construction is expected to start in 2021, with completion slated for 2027.

    TEXAS:

    Solar energy company is planning to invest $275 million for the construction of a solar farm in HOPKINS COUNTY, TX. They are currently seeking approval for the project.

    OHIO:

    Solar energy company is planning to invest $300 million for the construction of a 250 MW solar farm on a 2,000-acre site in FRANKLIN COUNTY, OH. They are currently seeking approval for the project. Construction is expected to start in Spring 2022, with completion slated for late 2023.

    MICHIGAN:

    Solar energy company is planning to invest $150 million for the construction of a 150 MW solar farm on a 1,500-acre site in SANDS TOWNSHIP, MI. They have recently received approval for the project.

    LOUISIANA:

    Energy company is planning to invest $240 million for the construction of a solar farm in BATON ROUGE, LA. Construction is expected to start in 2022, with completion slated for 2023. They are also planning to invest $308 million for the construction of a solar farm in EAST FELICIANA PARISH, LA.

     

    COLORADO:

    Renewable energy company is planning to invest $285 million for the construction of a 300 MW solar farm in PUEBLO, CO. Completion is slated for 2021.

    ARIZONA:

    Solar energy company is planning for the construction of a 250 MW solar farm in MARICOPA COUNTY, AZ. They are currently seeking approval for the project. Construction is expected to start in 2022, with completion slated for late 2023.

    CALIFORNIA:

    Energy infrastructure company is planning to invest $70 million for the construction of a 35 MW microgrid system in GONZALES, CA. They have recently received approval for the project. Construction is expected to start in Summer 2021, with completion slated for 2022.

    SOUTH CAROLINA:

    Solar energy company is planning to invest $85 million for the construction of a 100 MW solar farm in ORANGEBURG, SC. They have recently received approval for the project. Completion is slated for 2023.

    WISCONSIN:

    Electric utility service provider is planning to invest $32 million for the construction of a 20 MW solar farm site in FITCHBURG, WI. They have recently received approval for the project. Completion is slated for Summer 2021.

     

    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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