The US is a leader in nearly all power generation sectors in both North and South America and has the highest-value pipeline of projects, according to a report from the Timetric’s Construction Intelligence Center (CIC).
US leads in power generation across Americas
New York, New York - The report, Project Insight: Power Generation Construction Projects in the Americas, finds that the value of power generation projects in the US totaled $387.5 billion. This accounts for almost half of the total value of all projects in the Americas, as overall figure $792.6 billion. The country also leads in all power generation sectors, apart from hydroelectricity and oil, in which Brazil and Argentina have higher investment respectively.
The nuclear sector has the highest value of projects in the US, at $121.5 billion, followed by the wind energy sector, with projects valuing $106.4 billion. Nuclear energy projects account for nine of the top 10 projects by value in the US, but the highest value project is the $22.0 billion Mariah Wind Farm project due to start in 2015. Moreover, the project in Texas will deliver 10GW of power-generating capacity.
The total amount of capacity to be added by the power projects pipeline in the US stands at 182GW, with gas projects providing the highest with 73.5GW followed by wind with 52.4GW.
Neil Martin, manager at Timetric’s CIC says, “Reliable power generation is key to the development of countries in both North and South America, and although the US has an advanced system, there are strategic choices that need to be made relating to investment in renewables and reducing dependence on fossil fuels and the nuclear sector.”
View source version on : http://www.onlinetes.com/energy-solutions-US-power-generation-052915.aspx#.VbdRMbOqqko
US leads in power generation across Americas
New York, New York - The report, Project Insight: Power Generation Construction Projects in the Americas, finds that the value of power generation projects in the US totaled $387.5 billion. This accounts for almost half of the total value of all projects in the Americas, as overall figure $792.6 billion. The country also leads in all power generation sectors, apart from hydroelectricity and oil, in which Brazil and Argentina have higher investment respectively.
The nuclear sector has the highest value of projects in the US, at $121.5 billion, followed by the wind energy sector, with projects valuing $106.4 billion. Nuclear energy projects account for nine of the top 10 projects by value in the US, but the highest value project is the $22.0 billion Mariah Wind Farm project due to start in 2015. Moreover, the project in Texas will deliver 10GW of power-generating capacity.
The total amount of capacity to be added by the power projects pipeline in the US stands at 182GW, with gas projects providing the highest with 73.5GW followed by wind with 52.4GW.
Neil Martin, manager at Timetric’s CIC says, “Reliable power generation is key to the development of countries in both North and South America, and although the US has an advanced system, there are strategic choices that need to be made relating to investment in renewables and reducing dependence on fossil fuels and the nuclear sector.”
View source version on : http://www.onlinetes.com/energy-solutions-US-power-generation-052915.aspx#.VbdRMbOqqko
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