AWEA Issues Fourth Quarter 2019 Market Report

LCG, February 7, 2020--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Fourth Quarter 2019 Market Report. AWEA reports new wind turbine installations have added 5,476 MW of electric generating capacity during the fourth quarter, which results in 2019 installations totaling 9,143 MW. The total installations represent an increase over 2018, but the total for 2019 falls short of total annual installations for 2015 and 2016. In addition to new capacity additions, developers completed 2,500 MW of turbine repowerings for the year.

Read more

Duke Energy Florida Announces New Solar Power Projects

LCG, January 29, 2020--Duke Energy Florida (DEF) Monday announced the locations of its two newest solar power plants that will provide a combined installed capacity of nearly 150 MW. DEF is investing an estimated $1 billion to construct or acquire a total of 700 MW of cost-effective solar power facilities from 2018 through 2022 in Florida, and planning for another 1,500 MW of solar generation through 2028.

Read more

Industry News

Panda Plans 1,300 Megawatts for West Point, Texas

LCG, Jan. 12, 2001--Panda Energy International, Inc. yesterday announced the development of a $400 million, 1,300 megawatt merchant electric power plant in West Point, Texas, called the Panda Black Prairie Project. Construction is set to begin in the spring of 2002 and will take about 18 months.

City officials stated the plant will add at least $2.9 million to the tax base, $1.2 million of which will be earmarked for the West Point Public School District.

About 500 jobs and an estimated payroll of $50 million will be created during the construction period, the company said. When the plant goes into service in 2004, it will employ 45 people with over $2 million in annual payroll. Panda said it is committed to searching the local area for qualified employees before going outside the state.

West Point Mayor Kenny Dill said "The tax dollars Panda generates will help us improve roads and infrastructure, and enable our school system to add programs and facilities that otherwise would not have been possible.''

Dr. Randy Hamblin, West Point schools superintendent, was no less enthusiastic. "I understand that Panda Energy has long been a supporter of public education in the communities in which they are located, he said. "We are looking forward to having a good relationship with them here, as well."

Copyright © 2020 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service