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Avangrid's 238-MW True North Solar Project Achieves Commercial Operation

LCG, March 27, 2025--Avangrid, Inc., a member of the Iberdrola Group, today announced that its True North Solar project, located in Falls County, Texas, has achieved commercial operation. The True North Solar project will deliver electricity into ERCOT and support Meta's operations, including Meta's upcoming data center in neighboring Temple, its second data center in Texas.

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Qcells and Nofar USA Sign Agreement to Develop Energy Storage Projects in Texas

LCG, March 26, 2025--Qcells USA Corp. (Qcells), a wholly owned subsidiary of Hanwha Qcells, and Nofar USA (Nofar), a wholly owned subsidiary of Nofar Energy, recently announced a signed agreement to cooperate on the development and construction of two energy storage projects in Texas. The projects have a combined capacity of 350 MW with a 2-hour duration (700 MWh).

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Industry News

Calpine Adds 205 Billion Feet of Proven Reserves

LCG, July 26, 2000--Independent power producer Calpine Corp. said yesterday it had made three strategic acquisitions that add 205 billion cubic feet equivalent of proven natural gas reserves to the companys natural gas portfolio, nearly doubling its has reserves.

The three acquisitions, which bring Calpines proven reserves to 430 billion cubic feet, cost the company about $206 million.

Calpines Charles Chambers, vice president for business development, said the acquisitions were in support of the companys objective of reaching 40,000 megawatts of generation on line. "In addition to enhancing our in-depth fuels capabilities, these acquisitions provide Calpine access to three strategic gas markets and strengthen our position as a premier power provider," he said.

The first transaction consists of three fields in the Gulf of Mexico and includes 5 drilling locationsenhanced with 3-D seismic, one of which has already been successfully drilled. Current production isaround 17 million cubic feet per day, increasing to 23 million by the end of the year.

A second transaction involves the acquisition of a Canadian firm, Calgary-based Quintana Minerals Canada Corp., whose reserves are located in British Columbia, Alberta andSaskatchewan. The assets include interests in 1,300 wells, upside potentialwithin 180,000 net acres of undeveloped lands, and an excellent staff of energy professionals locatedin Calgary. Current production is approximately 38 million cubic feet per day, and will increase to 42 million by the end of the year.

In the third transaction, Calpine acquired natural gas assets in the Piceance Basin, Colorado andonshore Gulf Coast from a privately-held Houston, Texas-based company. The assets include 126wells, 79,000 acres of undeveloped lands, and 195 potential drilling locations with historical successrates of over 90 percent. Current production is 10 million cubic feet a day, and that will double by the end of the year.

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