Toshiba withdraws from South Texas nuclear power plant project
Reuters reported that Toshiba Corp was scrapping a plan to build two nuclear reactors at a US power plant after long delays in which it failed to find investors because of sharply lower electricity rates and increased global regulation.
Toshiba America Nuclear Energy Corp, the Japanese company's wholly owned U.S. subsidiary, reached an agreement in March 2008 to build the third and fourth reactors for utility NRG Energy Inc's South Texas Project. The plant has two 1,280-megawatt reactors.
NRG in 2011 abandoned and wrote off its investment in the project, citing U.S. regulatory uncertainty in the wake of Japan's 2011 Fukushima nuclear accident.
The project is part of the Nuclear Innovation North America, or NINA, which is 90 percent owned by New Jersey-based NRG and 10 percent owned by Toshiba.
Toshiba said in a statement that "No investors have expressed an interest in participation, noting that the project had "ceased to be financially viable."
The Fukushima nuclear disaster, the worst since Chernobyl in 1986, forced a reassessment of atomic power, and cheap shale gas and coal has led to the closure of several older plants in the United States.
As Vestas continues to expand strategic initiatives to reflect the evolving energy market, the company is leveraging its unparalleled experience in wind energy solutions to support customers across the entire wind power plant value chain, including co-developing projects together with strategic partners and key customers. By doing so, Vestas aims to engage earlier with customers and build project pipeline whilst simultaneously offering significant value to the customer.
Highlighting the company’s increased focus on co-development, Vestas has received an order for 100 MW of V136-3.45 MW turbines from Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, for its recent acquisition, the Wildhorse Mountain wind project in Oklahoma.
The Wildhorse Mountain wind project was developed by Roaring Fork Wind, a joint venture partnership between RES Americas Developments, and Steelhead Americas, Vestas’ development arm in North America.
Mr Chris Brown, President of Vestas’ sales and service division in the United States and Canada said that “Southern Power has renewable energy facilities from coast to coast, and with this order Vestas once again demonstrates its ability to leverage its vast experience across wind power plants’ entire value chain and develop solutions that meet specific customer needs. From the development stages with our co-development team, through to the long-term service agreement, Vestas offered solutions at every stage of the project lifecycle to ensure the lowest cost of energy, highest quality of technology, and optimal park performance.”
The order includes supply and commissioning of the turbines as well as a 20-year Active Output Management 5000 (AOM 5000) service agreement. Turbine delivery will begin in the second quarter of 2019.
Roaring Fork Wind, LLC is a strategic co-development partnership between Steelhead Americas, Vestas North American development arm, and RES America Developments with the purpose of developing wind power plants.
Source : Stretegic Resersh Institute