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Prominent private equity investment firm Blackstone has agreed to acquire the 774-MW Potomac Energy Center—a natural gas power plant located in Virginia’s “Data Center Alley”—in a deal reportedly valued at […]
The post Blackstone to Acquire 774-MW Virginia Gas Plant in ‘Data Center Alley’ in Reported $ 1B Deal appeared first on POWER Magazine.
Reactions to the US statement of intent regarding clean Hydrogen leadership still coming in. Washington, DC– Today, Senator Joe Manchin (D-WV), Chairman of the U.S. Senate Energy and Natural Resources Committee, announced a total of $ 13,800,000 Low-Cost, High-Throughput Electrolyzer Manufacturing Number of projects: 8 Award amount: $ 316 million Selected projects..
Energy Central…
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.”…
The post Dominion Solar, Wind Projects Will Power Virginia Government Buildings appeared first on POWER Magazine.
Dominion Energy has entered a partnership with the commonwealth of Virginia in which government-owned buildings and facilities in the state will get power from Dominion’s solar and wind energy projects.
The agreement, signed by Dominion and Virginia Gov. Ralph Northam on Oct. 18, is the largest procurement of renewable energy to date by the state as part of Northam’s plan to power the whole of state government with clean energy.
The deal includes a 75-MW wind project—the first onshore wind farm in Virginia—along with four proposed solar farms with total generation capacity of 345 MW. The projects are expected to come online in stages over the next three years, if all are approved.
The governor’s office said the new generation, along with previously announced solar projects, should produce enough power to support as much as 45% of the state government’s annual energy use. The agreement comes after Northam in September announced that state government agencies would lead the commonwealth’s push for renewables.…
FirstEnergy on October 18 said its coal-fired Pleasants Power Station in West Virginia will stay open until June 2022, after earlier announcing the plant would close in January of next year.
FirstEnergy spokeswoman Jennifer Young said, “Keeping Pleasants in operation … allows the plant to fulfill current capacity obligations and provides additional time for evaluation of the long-term plan for the station prior to deactivation.”
The plant is operated by Allegheny Energy Supply (AES), a FirstEnergy subsidiary. Pushing back the closing date allows Pleasants Power to remain in operation until the transfer of the facility from AES to FirstEnergy Solutions (FES) is complete. The transfer is part of FirstEnergy’s bankruptcy settlement agreement with FES and the FirstEnergy Nuclear Operating Company (FENOC), Young said.
FirstEnergy in February of this year said it would close the 1.3-GW Pleasants Power Station by January 1, 2019. The company has been suffering steep losses in competitive markets. It announced a plan in November 2016 to exit competitive generation and become a fully regulated company.…