South Field Energy to Break Ground on $1.3B Plant
WELLSVILLE, Ohio – Representatives from South Field Energy Partners will be on hand this afternoon to break ground for a $1.3 billion combined-cycle energy plant that is likely to employ more than 1,100 tradesmen during the peak construction phase.
The new plant, scheduled for commercial operation by mid-2021, would be fueled by natural gas and steam. It would be capable of generating 1,182 megawatts of power to the PJM grid, enough power to supply 1 million homes.
Meanwhile, South Field’s parent, Advanced Power, announced Tuesday that it has sold a 15% membership interest to JXTG, a major oil and energy company based in Japan.
Thomas Spang, Advanced Power CEO, said the investment underscores the wide support the project has received in the private sector.
“This investment by JXTG, one of Japan’s largest oil and gas, energy and metals companies, is another vote of confidence in Advanced Power and South Field Energy, which is designed to be among the cleanest, most reliable low-carbon electricity producers of its kind,” he said.
Financing on the South Field project closed in August. Switzerland-based Advanced Power, which has U.S. offices in Boston, also manages the 700-megawatt Carroll County Energy center in Carrollton and the 1,100-megawatt Cricket Valley Energy project under construction in Dover, N.Y.
The project has partnered with Bechtel to lead the engineering and construction of the new plant. South Field Energy will use two 7HA gas turbines, each with a GE heat recovery system steam generator.
Copyright 2024 The Business Journal, Youngstown, Ohio.
