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  • Posted On Thursday, April 15, 2021 by Evan Lamolinara

    Powerq12021

    SalesLeads announced today the Q1 2021 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 56 new projects in the Energy sector.

    Planned industrial project activity within the sector decreased by 18% from the previous quarter, and is down 16% 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 - 2 New Projects

                Plant Closing - 3 New Projects

     

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

                New York - 9

                Michigan- 5

                Texas - 3

                Maine - 3

                Minnesota - 3

               

    Largest Planned Project

    During the 1st quarter of 2021, our research team identified 15 new Power Generation and Energy construction projects with an estimated value of $100 million or more.

    The largest project is owned by Pieridae Energy Limited, who is planning to invest $13 billion for the construction of a liquefied natural gas plant in GOLDBORO, NS. They are currently seeking approval for the project.

     

    Top 10 Tracked Power Generation and Energy Construction Projects

    TEXAS:

    Energy company is considering investing $8 billion for the construction of multiple natural gas-fired power plants and currently seeking sites in TEXAS. Watch SalesLeads for updates.

     

    ALBERTA:

    Petrochemical company is planning to invest $3.2 billion for the construction of a methanol processing facility in GRAND PRAIRIE, AB. They are currently seeking approval for the project.

     

    NEBRASKA:

    Electric utility service provider is considering investing $1.2 billion for the construction of multiple solar and wind farms in NEBRASKA. Watch SalesLeads for updates.

     

    ALBERTA:

    Energy company is planning to invest $800 million for the construction of a gas-powered energy plant in SHERWOOD PARK, AB. They are currently seeking approval for the project.

     

    TEXAS:

    Energy company is planning to invest $455 million for the construction of a 500 MW solar farm on a 17,000-acre site in ELECTRA, TX. They are currently seeking approval for the project. Construction is expected to start in late 2021, with completion slated for late 2022.

     

    SASKATCHEWAN:

    Energy company is planning to invest $360 million for the construction of a hydroelectric project in STONY RAPIDS, SK. They are currently seeking approval for the project

     

    VIRGINIA:

    Federal defense agency is planning to invest $173 million for the construction of a 19 MW combined heat and power plant and a 3 MW battery energy storage system on their base in PORTSMOUTH, VA. They have recently received approval for the project. Completion is slated for 2022.

     

    MASSACHUSETTS:

    Renewable energy company is investing $150 million and has recently started the construction of a 35 MW wood-burning biomass power plant at 1000 Page Blvd. in SPRINGFIELD, MA.

     

    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 COLDWATER and OVID TOWNSHIPS, MI. They are currently seeking approval for the project.

     

    WEST VIRGINIA:

    Renewable energy company is planning to invest $125 million for the construction of a 93 MW solar farm on a 795-acre site in JEFFERSON COUNTY, WV. They are currently seeking approval for the project. Construction is expected to start in 2021, with completion slated for 2022.

     

    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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