Megaprojects will dominate construction to meet the world’s growing energy appetite, but securing financing and managing regulatory uncertainties remain key hurdles, according to government and industry leaders who assembled at the annual Massachusetts Institute of Technology Energy Conference in Cambridge, Mass. Photo Courtesy Of Bechtel The Ivanpah solar thermal megaproject in California’s Mojave Desert is set to produce 400 MW of power. While excitement bubbled up around panels and workshops on start-up projects in the clean-energy arena, industry, government and other attendees acknowledged that large-scale power generation would dominate future energy projects because of reliability and low cost. “Megaprojects are
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.