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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.

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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.

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Industry News

Enron Negotiating to Sell Korean Gas Interests

LCG, Nov. 6, 2001--Enron Corp., already on the ropes in the U.S. and India, is in negotiations with one or more interested parties to sell its 50 percent interest in SK-Enron, a gas distribution joint venture with SK Corp. of South Korea.

Korea Oil News said companies with which Enron is talking include El Paso Corp., BP-Amoco and Exxon Mobil. The publication said Enron planned on receiving letters of intent from interested parties by the end of this month and to complete the sale either this year or early next year.

Enron and SK formed the joint venture in 1999, each company contributing 25 billion won ($19.44 million U.S.) for a total of 50 billion won paid-in capital.

Y. H. Moon, an official of SK-Enron, told Reuters news agency "It is true that Enron is in talks to sell the stake in the joint venture, but we cannot comment where the sale talks are now and how they would proceed," and gave no other details.

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