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RWE and Meta Announced New PPA for 200-MW Waterloo Solar Project

LCG, March 18, 2025--RWE and Meta today announced a new power purchase agreement (PPA) for offtake from RWE's 200-MW Waterloo Solar Project, which is located in Bastrop County, Texas. Under the agreement, Meta will purchase 100% of the output from the solar facility, which will support Meta's goal of matching its electricity needs with 100 percent clean energy. The project is scheduled to commence onsite construction in late 2025.

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CPUC Approves SDG&E's Westside Canal Battery Energy Storage Expansion Project

LCG, March 14, 2025--The California Public Utilities Commission (CPUC) approved an expansion of San Diego Gas & Electric's (SDG&E) Westside Canal Battery Energy Storage facility. The expansion project is located in California's Imperial Valley and will add 100 MW of energy storage capacity to the existing 131 MW facility. The new capacity is expected to be fully operational by June 2025. Upon completion, the Westside Canal facility, with a total capacity of 231 MW, will be the largest storage asset in SDG&E's utility-owned battery storage portfolio.

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Industry News

South Korea Power Industry Privatization Approaches

LCG, Jan. 15, 2002--The state-run Korea Electric Power Corp. will begin the transfer of generating assets to private companies by mid-year, according to CBS MarketWatch.

Of its six generating companies, KEPCO is expected to sell all but one, which it will retain for the purpose of security. The five enterprises headed for private ownership make up 60 percent of South Korea's overall generation capacity. The sale of those plants, which are non-nuclear, leave KEPCO with ownership of the remaining nuclear and hydropower facilities.

The Ministry of Commerce, Industry and Energy stated that the first company to be sold will be offered through auction as well as the placement of shares on the stock exchange.

While a specific date for the sale of the remaining companies has not been given, three additional companies are to be transferred by 2005. The total assets to be privatized were assessed at 17 trillion won ($13.05 billion) as of June 30, 2001, and debts were put at 8.7 trillion won ($6.68 billion).

Competition in the power industry will be encouraged by a restriction preventing the management rights to multiple generation companies from being held by any one company or consortium.

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