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NorthRenew Energy's Mesquite Sky Wind Project Commences Construction

LCG, January 21, 2021-–NorthRenew Energy (“NorthRenew”) announced today that Clearway Energy Group (“Clearway”) achieved construction commencement on the Mesquite Sky Wind Project, f/k/a Baird North Wind Project (“Mesquite Sky”), initially developed by NorthRenew and sold to Clearway in 2019. Following the sale in 2019, NorthRenew continued to assist Clearway with final development and pre-construction services.

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Minnesota Power Announces Vision for 100 Percent Carbon-Free Energy by 2050

LCG, January 13, 2021--Minnesota Power, an ALLETE company, yesterday announced its vision to deliver 100 percent carbon-free energy to customers by 2050.

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Industry News

Enron to Buy Out India State's Stake in Dabhol II

LCG, Nov. 14,2000--Enron Corp. was said to be searching for a new investor in the second phase of its Dabhol Power Co. project in India's Maharashtra state after the State Electricity Board expressed its "inability to invest for the time being," The Economic Times reported this morning.

The Maharashtra State Electricity Board will keep a 15 percent stake in the power project, but will be unable to pay for an additional 15 percent as planned, the financial daily published in New Delhi said.

The 1,444 megawatt phase II at Dabhol has four investors: Enron owns 50 percent, the Maharashtra State Electricity Board 15 percent, General Electric Co. 10 percent and Bechtel Enterprises 10 percent. That leaves 15 percent for a new investor.

In the meantime, Enron owns 65 percent of the project, paying for the State Electricity Board's 15 percent with debt, which The Economic Times said is already arranged.

A new investor would be expected to pay about $128 million for the vagrant 15 percent, the paper said.

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