The latest issue of our Power Generation Update Q4 2017 Report, highlighting trends in the North American Power Markets with special focus on near-term and long-term market drivers, regulatory and legislative outlook, and an overview of the project finance market for power generation assets is now available. 

Highlights from this report include:

  • 56 GW of wind and solar capacity is forecasted to come on‐line before 2020 in order to take advantage of tax subsidies set to expire.
  • If gas prices remain low, it is expected that 65% of all generation built over the next 10 years will be combined or simple cycle gas turbines.
  • 14 GW of coal and 6 GW of nuclear facilities are expected to be retired over the next decade ( 66% occurring within the next 3 years).
  • Until energy storage becomes economically viable, there will be an over generation mismatch from renewables coming online causing ISO’s to pay a premium on ramping flexibility.
  • Power pricing rates are declining as reserve margins are above ISO target levels, attracting the most efficient generation to get built (natural gas combined cycle).​