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

LS Power's Arkansas Coal Project Picks Up Steam

LCG, August 4, 2006--Plum Point Energy Associates, LLC ("Plum Point") announced yesterday that it has signed a 200-MW, 30-year power purchase agreement (PPA) with South Mississippi Electric Power Association. Plum Point is a a member of the LS Power Group of St. Louis, Missouri.

The agreement provides South Mississippi Electric Power Association electricity from the Plum Point Project, a greenfield, coal-fired power project with a design capacity of 665 MW. Construction on the plant, located near Osceola, Arkansas, began in March of this year, and commercial operations are scheduled to commence in mid-2010. The agreement with South Mississippi Electric Power Association is subject to approval from the Rural Utility Service.

According to Plum Point, approximately 80 percent of the project has now been sold under long-term contract or through tenancy in common interests. Other customers participating in the project are East Texas Electric Cooperative, Inc., the Missouri Joint Municipal Electric Utility Commission, The Empire District Electric Company, and the Municipal Energy Agency of Mississippi.

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