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SUNNY AND WINDY WITH A CHANCE OF LITIGATION The U.S. power business underwent dramatic changes in 2011 that will shape tens of billions of dollars of fuel, construction and maintenance work for years to come. In the U.S., Industrial Info Resources (IIR) is tracking 267 new-build generation projects with combined generating capacity of about 24.3 gigawatts (GW) that are scheduled to kick off in 2011. These projects represent $51 billion in total investment value (TIV). The U.S. power business is extremely dynamic, particularly today. Regardless of the fuel, not all new-build power projects will start according to schedule: Some will be accelerated while others will be delayed. Next month, some projects will be cancelled while new ones will be announced. Predictions made one week have to be updated the next — just like weather forecasting. A strategic trend that has continued in 2011, and we predict will extend into 2012 and beyond, is the greening of the U.S. electricity business. Although coal, gas and nuclear are still ranked 1-2-3 in terms ofmarket share of the electricity market, renewable generation continued its rapid growth in 2011. Over 15,000 megawatts (MW) of renewable generation valued at nearly $44 billion is scheduled to ...
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