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New York PSC Approves Ravenswood Energy Storage Project

LCG, October 18, 2019--The New York State Public Service Commission (PSC) yesterday approved construction of the largest battery storage facility in New York State history. The 316-MW Ravenswood Energy Storage Project will be built in Long Island City, Queens, New York and scheduled to be partially operational by March 2021.

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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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Industry News

NRG Energy Buys PowerGen's Hungarian Assets

LCG, July 2, 2001--NRG Energy Inc. of the U.S. said yesterday that it has entered the Hungarian energy market with its purchase from PowerGen Plc of the UK of two power plants located on Csepel Island in Budapest.

Csepel I is a 116 megawatt thermal plant and Csepel II is a 389 megawatt gas turbine power generating station. Csepel II reached commercial operation in November of last year and is the primary facility, the company said.

"NRG made this investment in the Hungarian market because it is strong and it is strategically located in our Central Europe core market region," said Steven H. Wolf, NRG's vice president and managing director for Central and Eastern Europe.

Wolf praised the operation for "its skilled workforce, commercial soundness, and its advanced emission reduction technology."

NRG has also acquired PowerGen's interest in two German energy businesses, Mibrag and Saale Energie GmBH. With its acquisition of PowerGen's interest in Saale Energie, NRG increased its ownership of the Schkopau power station from 200 to 400 megawatts megawatts.

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