Competitive Power Ventures

The Public Utility Commission of Texas (PUCT) has executed its first agreement under the Texas Energy Fund (TxEF) Completion Bonus Grant (CBG) Program, awarding the Lower Colorado River Authority (LCRA) up to $22.56 million for its 188-MW Timmerman Power Plant Unit 1, a new natural gas–fired plant in Caldwell County, Texas. The agreement marks the operational launch of Texas’s performance-contingent funding mechanism, which is designed to accelerate […]

The Public Utility Commission of Texas (PUCT) has shortlisted 17 gas-fired “dispatchable” generation projects—a combined 9,781 MW—that will advance to receive $5.38 billion in loaned funds under the Texas Energy Fund (TEF) In-ERCOT Loan Program. The 17 proposed new projects in the PUCT’s loan portfolio, chosen from 72 applications, now proceed to a “due diligence” […]

Amazon has announced two utility-scale renewable energy projects in Maryland, with the company saying it now has invested in nearly 80 new wind and solar power installations this year. Among the new projects is a solar farm being built at the site of coal mine that operated for more than a century. That 170-MW project, […]

Competitive Power Ventures (CPV) said the company’s new 1.2-GW Three Rivers Energy Center in Illinois has entered commercial operation. The natural gas-fired facility, built in collaboration with GE Vernova’s Gas Power business, features two generating blocks, each with a GE 7HA.02 gas turbine, an STF-A650 steam turbine, a W84 generator, and GE’s integrated Mark* Vle […]

A Maryland-based power generation development group said its new 1.8-GW combined-cycle natural gas-fired power plant in West Virginia will include carbon capture technology, as the company continues to expand its decarbonization platform. Competitive Power Ventures (CPV) on Dec. 12 said the new CPV Shay Energy Center will be located in Doddridge County, West Virginia. CPV […]

A Maryland-based power generation group said it will build an 1,800-MW combined-cycle natural gas-fired power plant in West Virginia, a project that will utilize carbon capture and storage to take advantage of a government tax credit. Competitive Power Ventures (CPV) on Sept. 16 said it plans for the project to be operational later this decade. […]

The natural gas sector is well aware of the challenges facing the fossil fuel industry, but analysts say gas has attributes that will keep it a big part of the U.S. and global energy mix. Natural gas has moved

Silver Spring, MD (Jan. 25, 2021) – Competitive Power Ventures (CPV) today announced that its acquisition by OPC Energy (OPC) received regulatory approval and has closed. The Israeli company, partnered with three Israeli institutional investors, agreed in October to acquire 100 percent of  CPV from Global Infrastructure Partners (GIP), and now fully owns CPV’s operating […]

Competitive Power Ventures is known for building efficient and technologically advanced gas-fired facilities. The company’s Fairview Energy Center is its latest achievement, transforming a brownfield site

Financing has been secured for a new combined cycle natural gas-fired power plant in Illinois, a project expected to begin supplying electricity to the Chicago area in 2023. Competitive Power Ventures (CPV), in partnership with GE Energy Financial Services, Osaka Gas USA, Axium Infrastructure, and Harrison Street, on August 24 said it has reached financial […]

Braintree, MA — Competitive Power Ventures (CPV) celebrates Earth Day by announcing that more than 15 million tons of carbon dioxide (CO2) emissions have been avoided since 2011 because of the company’s new, highly-efficient electric generation facilities, which is the equivalent of removing more than 3 million cars from the road for a year. CPV […]

CPV and Osaka Gas USA solidify shared commitment to helping meet energy demands in the U.S. Silver Spring, MD, Dec. 17, 2018 (GLOBE NEWSWIRE) — Competitive Power Ventures (CPV) has finalized the sale of 25 percent of its ownership interests in the CPV Towantic Energy Center (CPV Towantic) to Osaka Gas USA (OGUSA). CPV and […]

The Valley Energy Center in Orange County, New York, entered commercial operation on October 1 despite complaints from local officials and area residents about noise from the plant, among other concerns. Community members spoke out against the plant at public hearings last week, saying they have felt sick when the plant has undergone test runs […]

A natural gas-fired power plant in New York state that planned to ramp up to full operations this month has been denied an air quality permit from state officials. Competitive Power Ventures’ (CPV’s) Valley Energy Center in Wawayanda, located in Orange County north of New York City, is in the final testing and commissioning phase, […]

GREENVILLE, S.C.—June 14, 2018—GE Power (NYSE: GE) today announced a growing list of accomplishments by its industry-leading HA gas turbine and its services portfolio—including the 26th HA in commercial operation and the new MXL2 with Additive Manufactured Performance upgrade for the GT13E2 turbine. These accomplishments reiterate GE Power’s unique position to help gas power producers efficiently […]

Co-developers CPV, GE Energy Financial Services, and OGUSA arranged $700 million of senior debt financing for project Expected to be one of most efficient combined-cycle plants in PA with 1,050 MW added to grid SCHENECTADY, N.Y.—March 27, 2017—GE (NYSE: GE) today announced an order from Competitive Power Ventures (CPV) Fairview Energy Center for two 7HA […]