ERCOT 2019 Summer Quarter Outlook

LCG, May 29, 2019-- LCG released a new summer (June – September 2019) report that looks at how the ERCOT grid copes with strained network conditions. Resource adequacy analysis for the region is especially important during extreme summer loading conditions. This summer the network is under particular scrutiny as the reserves have tightened because of recent retirements.

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South Field Energy Breaks Ground for 1,182-MW Power Plant

LCG, May 16, 2019--South Field Energy LLC announced yesterday its groundbreaking for an 1,182-MW, combined-cycle electric generating facility in Columbiana County, Ohio. The natural gas-fired facility is scheduled to commence operations in mid-2021 and represents a $1.3 billion investment.

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Industry News

China's Remote Regions Receive Solar Funding

LCG, Feb. 26, 2002--A pilot project in China's Hebei province is one of many solar power projects in Western China to receive part of 2 billion yuan ($241.5 million) in funding from China's High-tech Department of the State Development Planning Commission over a period up to three years.

The Hebei project, expected to be producing power in June, will include 3 megawatts of polycrystalline silicon solar cells, and equipment to convert the solar radiation into electricity.

Qi Chengyuan, who heads the commission, said that the funding will be provided in sunny areas that are not connected to China's transmission network. They include the Tibet Autonomous Region, the Ningxia Hui Autonomous Region and Shaanxi Province, among others. According to Qi, "the fund will serve as a governmental allowance for local residents, most of whom are not rich, to buy solar energy equipment to generate electricity for daily use." Overall solar capacity is now approximately 15 megawatts nationally.

Large-scale production of solar equipment, such as that of Yingli New Resources Co Ltd, allows domestic producers to sell its output at lower prices than foreign producers, Qi said. Yingli has annual output capacity of 26 megawatts.

Qi noted, "such projects can win infrastructure construction loans from banks at low interest. And those of a scale larger than 3 million kilowatts will even see 2 percent of their loan interests waived." He stated that "whenever possible," solar power should have access to existing transmission infrastructure.
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