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RWE Commissions the 200-MW Stoneridge Solar Project in Texas

LCG, November 26, 2025--RWE announced today the commissioning of the Stoneridge Solar project, located in Milam County, Texas. The project capacity is 200 MW of solar power, plus a battery energy storage system (BESS) that provides 100 MW (200 MWh) of battery storage capacity. The BESS improves the supply of short-term, reliable, affordable electricity in ERCOT.

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Oklo and Siemens Energy Sign Agreement to Accelerate Power Conversion System for New SMR in Idaho

LCG, November 19, 2025--Oklo Inc. and Siemens Energy announced today that the parties have signed a binding contract for the design and delivery of the power conversion system for Oklo’s Aurora-INL (Idaho National Laboratory) nuclear small modular reactor (SMR). The agreement authorizes Siemens Energy to begin engineering and design work to expedite procurement of long-lead components and to initiate the manufacturing process for the power conversion system. Oklo’s expertise in advanced fission technology will be combined with Siemens Energy’s extensive industry experience with steam turbine and generator systems, with the ultimate goal of generating carbon-free, reliable electricity.

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Industry News

Enron Says its Dabhol Stake for Sale at $1 Billion

LCG, Aug. 9, 2001--Enron Corp. of the U.S., which owns 65 percent of the $2.9 billion Dabhol Power Project on India's west coast, is willing to sell its interest in the business for $1 billion, The Economic Times, an Indian newspaper, said this morning.

Wade Cline, managing director of Enron India, told the paper that any buyer would also have to pay an estimated $230 million to complete phase two of the project.

At the same time, Enron said in a statement "In the interest of quickly resolving this dispute, Enron has expressed a willingness to forgo expected profits and negotiate terms that would allow Indian authorities to acquire foreign stakeholders' interest in Dabhol."

Dabhol was envisioned in the early 1990s as a 2,184 megawatt power complex that would make electricity plentiful in the Indian state of Maharashtra, and contracts were negotiated with the Maharashtra State Electricity Board for the state-owned utility to take all of the plant's production and for the MSEB to acquire a 30 percent interest in the project.

Since the 740 megawatt first phase of Dabhol began commercial operation last year, Enron has had trouble collecting its electric bills from the MSEB. Moreover, the MSEB declined to increase its ownership in the project from 15 percent and now says it wants no part of the 2,144 megawatt second phase.

Enron shut down the existing 740 megawatt unit of Dabhol in May when it was unable to collect $48 million owed by the MSEB, and halted construction on the nearly complete 2,144 megawatt portion of the plant. Cline said the company was willing to provide "technical and vendor support assistance" to a buyer, the Economic Times said.

Last month, Enron, along with GE Capital Corp. and Bechtel Enterprises Inc., each of which owns 10 percent of the project, said they were interested in selling their stakes to the Indian federal government or to Indian financial institutions which hold most of Dabhol's debt.

Dabhol is India's largest foreign investment, and its future is widely regarded as a test case of the country's ability to attract further foreign money, which its government says is needed for infrastructure investments.

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