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Xcel Energy, EVRAZ North America and Lightsource BP Announce 250-MW Solar Project in Colorado

LCG, October 1, 2019--Xcel Energy, EVRAZ North America and Lightsource BP announced Friday that they have reached a long-term agreement to develop a 240-MW solar facility in Colorado. Lightsource BP will finance, build, own and operate the Bighorn Solar project and sell all the electricity it generates to Xcel Energy under a long-term power purchase agreement (PPA). The project will be built on EVRAZ Rocky Mountain Steel property in Pueblo, making it the largest on-site solar facility dedicated to a single customer in the country.

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Duke Energy Plans to Pursue Second Nuclear Operating License Renewals for Nuclear Fleet

LCG, September 20, 2019--Duke Energy announced yesterday that it will seek to renew the operating licenses of the 11 reactors it operates at six nuclear stations in the Carolinas for an additional 20 years. The company plans to submit the license renewal application for Oconee Nuclear Station in 2021, followed by its other nuclear stations.

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Industry News

Construction Begins on 150-MW Solar PV Project in Southern California

LCG, September 20, 2013--First Solar, Inc. announced Wednesday that construction has commenced on the 150-MW Solar Gen 2 project, located in Imperial County, California. The project is scheduled to be complete by July 2014.

San Diego Gas & Electric (SDG&E) will receive the power generated from the facility under a 25-year power purchase agreement (PPA).

The Solar Gen 2 project design calls for the installation of solar photovoltaic (PV) modules mounted on a tracking system that follows the sun across the sky to maximize power generation.

First Solar purchased the Solar Gen 2 project last April from Energy Power Partners, an affiliate of The Goldman Sachs Group, Inc.

California?s Renewable Portfolio Standard (RPS) was originally established by legislation in 2002, and subsequent amendments have led to the requirement for California?s electric utilities to have 33 percent of their retail sales served by eligible renewable energy resources in 2020 and all subsequent years. Interim targets for the utilities are 20 percent of retail sales by December 31, 2013, and 25 percent by December 31, 2016.
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