NTE Energy mentioned on Tuesday that it plans to develop greater than 5 GW of fresh power tasks within the subsequent 5 years. The firm is at present working with funding companions to advance improvement of a clear power challenge pipeline that features 1.2 GW of photo voltaic and three.9 GW of battery power storage techniques (BESS), with three,000 to four,000 MW anticipated to succeed in business operation by 2026.
“Advances in clear power expertise and powerful market demand for renewables are positioning 2021 to be a document 12 months,” mentioned Steve Remen, NTE managing director of renewable power assets.
NTE’s clear power pipeline at present consists of early-stage improvement of renewable and storage belongings to be positioned within the ISO-NE, MISO, ERCOT, NYISO, SERC, PJM and WECC markets. Some of those tasks will likely be co-located with new or present thermal era tasks, offering economies of scale, mentioned the corporate.
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Recent NTE tasks that it’s highlighting on its web site embody the 475-MW pure gas-fired Middletown Energy Center, the 475-MW pure gas-fired Kings Mountain Energy Center.
“Using extremely environment friendly pure fuel era to enrich intermittent renewable power gives our clients with agency, low-cost power,” Remen mentioned. “By co-locating renewable tasks with thermal era, we are able to provide clients entry to inexpensive renewable power choices backed up by dependable pure fuel.”
The NTE workforce has developed a complete of 127 GW of power tasks, together with wind, photo voltaic, mixed cycle pure fuel, coal, oil, biomass, hydro and extra, based on the corporate.
In addition to its clear power pipeline, NTE has 2,700 MW of pure gas-fired electrical era in varied phases of improvement, together with the 650-MW Killingly (Connecticut) Energy Center, which is predicted to start building this 12 months.
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