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  • Posted On Saturday, July 10, 2021 by Evan Lamolinara

    Power Q2 2021

    SalesLeads announced today the Q2 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 projects. Research confirms 45 new projects in the Energy sector.

    Planned industrial project activity within the sector decreased by 24% from the previous quarter, and is down 24% 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 - 43 New Projects

              Expansion - 0 New Projects

              Renovations/Equipment Upgrades - 1 New Project

              Plant Closing - 1 New Project

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

              New York - 5

              Indiana - 4

              Massachusetts - 4

              Illinois - 3

              Maine - 3

    Largest Planned Project

    During the 2nd quarter of 2021, 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 Nextera Energy, Inc., who is planning to invest $700 million for the construction of a 690 MW solar farm in PALO, IA. Construction is expected to start in late 2022, with completion slated for late 2023.

    Top 10 Tracked Power Generation and Energy Construction Projects

    TEXAS:

    Renewable energy company is planning to invest $673 million for the construction of multiple solar farms totaling 700 MW in MILAM COUNTY, TX. They are currently seeking approval for the project. Construction is expected to start in Summer 2022, with completion slated for late 2023.

    MINNESOTA:

    Electric utility service provider is planning to invest $575 million for the construction of a 460 MW solar farm in BECKER, MN. They are currently seeking approval for the project.

    CALIFORNIA:

    Solar energy company is planning to invest $550 million for the construction of a 350 MW solar farm on a 2,000-acre site in BLYTHE, CA. They have recently received approval for the project.

    MAINE:

    Renewable energy company is planning to invest $235 million for the construction of a 126 MW wind farm in COLUMBIA, ME. They are currently seeking approval for the project.

    INDIANA:

    Renewable energy company is planning to invest $180 million for the construction of a 175 MW solar farm in VIGO COUNTY, IN. They are currently seeking approval for the project. Construction is expected to start in 2023, with completion slated for Summer 2024.

    MASSACHUSSETES:

    Electric utility service provider is planning to invest $170 million for the construction of a 60 MW natural gas fired power plant in PEABODY, MA. They are currently seeking approval for the project.

    OKLAHOMA:

    Energy company is planning to invest $150 million for the construction of a 155 MW solar farm in JAY COUNTY, OK. Construction is expected to start in 2022, with completion slated for 2024.

    INDIANA:

    Solar energy company is planning for the construction of a 400 MW solar farm in STARKE COUNTY, IN. They are currently seeking approval for the project.

    DELAWARE:

    Bioenergy company is planning to invest $50 million for the construction of a processing facility in SEAFORD, DE. They have recently received approval for the project.

    COLORADO:

    Clean energy company is considering the construction of a zero-emissions power plant in SOUTHERN UTE, CO. Watch SalesLeads for updates.

     

    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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