Very interesting comments here by developers on gas turbine, transformer lead times + other constraints on new capacity Consistent theme that gas turbines are almost over discussed and labor + fuel can be huge constraints. - GE F class gas turbines (~450 MW each) available for 2028/29 - CCGT in 1x1 configuration $2200-2500/kW today. 2x1 configuration more economical but vendors not interested in spending time on that - Cost by the time you build it 4-5 years from now will be higher by 5% per year (!!) - For solar & storage projects, transformer is the longest lead-time (345kV 48 months, lower voltage ~30 months) - Fuel: Lot of attention on turbines but pipelines and storage capacity to handle natural gas scarce as well. For e.g. lot of demand in Georgia but only intermittent gas, pipelines cannot commit to firm deliveries - Labor shortage: finding an EPC to build a plant is serious constraint on new gas power plant capacity in next decade, heavy reliance on trade skills that are in short supply