CPV Announces New 1.8-GW Gas-Fired Plant for West Virginia
A Maryland-based power generation group said it will build an 1,800-MW combined-cycle natural gas-fired power plant in West Virginia, a project that will utilize carbon capture and storage to take advantage of a government tax credit.
Competitive Power Ventures (CPV) on Sept. 16 said it plans for the project to be operational later this decade. Company officials said the power plant’s construction was made possible by the recently passed Inflation Reduction Act, which expanded the 45Q federal tax credit for carbon capture.
“CPV is pleased to work closely with West Virginia to bring this project to fruition in the coming years. This project and technology represent a significant step forward for our Nation in deploying low carbon, dispatchable generation critical to maintaining reliability as we address our collective concerns regarding climate change,” said Gary Lambert, CEO of Silver Spring, Maryland-based Competitive Power Ventures. “West Virginia has been extremely forward thinking at the local, state and national level, and we cannot thank Senator Manchin enough for his leadership in making this opportunity possible.”…