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  1. Market Data
November 29, 2021

Gainesville Renewable Energy Center, US

By Carmen

Gainesville Renewable Energy Center is a 100MW biopower project. It is located in Florida, the US. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in December 2013.

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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Biopower 100 100 Active Florida, the US American Renewables

Description

The project was developed by American Renewables and is currently owned by Gainesville Regional Utilities.

The project generates 788.4GWh electricity and supplies enough clean energy to power 70,000 households. The project cost is $500m.

Agricultural by-product and wood by-product are used as a feedstock to power the project.

Development Status

The project got commissioned in December 2013.

Power Purchase Agreement

The power generated from the project is sold to Gainesville Regional Utilities under a power purchase agreement. The power is sold at the rate of $0.163kWh for a period of 30 years. The contracted capacity is 100MW.

Contractors Involved

Fagen was selected to render EPC services for the biopower project.

Siemens was selected as the steam turbine supplier for the project.

Neles supplied steam boiler for the project.

NAES is the O&M contractor for the project.

About American Renewables

American Renewables, LLC (American Renewables) is a clean energy company. The company develops, builds and operates clean energy facilities that utilize waste wood materials as fuel. It generates renewable electricity; supplies utilities with baseload green power; helps to improve the environment by reducing carbon emissions and other pollutants; assist in maintaining forest health and reducing waste sent to landfills ; and others. The company’s projects include The Gainesville Renewable Energy Center, and Nacogdoches Power Project. It has partnership with Baycorp Holding, ltd, and Energy Management Inc to develop utility scale biomass projects. American Renewables is headquartered in Boston, Massachusetts, the US.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Enter your details here to receive your free Report.

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