Texas Solar Project Sold to CIP

LCG, July 31, 2020—An affiliate of Copenhagen Infrastructure Partners has completed purchase of a 350 MW solar photovoltaic project near the Houston metro area from Solar Plus Development Inc. and Avondale Solar.

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PG&E and Tesla Commence Construction on the Moss Landing Battery Energy Storage System

LCG, July 30, 2020--PG&E and Tesla have commenced construction of the 182.5-MW lithium-ion battery energy storage system (BESS) at PG&E's electric substation in Moss Landing in Monterey County, California.

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Industry News

Opening of Peruvian Markets Delayed Again

LCG, April 24, 2002-Peruvian officials postponed the sale of electricity assets for a fourth time yesterday.

Minister of Industry Raul Diez Canseco explained that the sale was delayed on the part of bidders because Peru had requested immediate cash and investors had to reassess numbers.

Bidding on energy transmission companies Etecen and Etesur will begin June 5. This change follows last week's delay in the sale of Egasa and Egesur, two of Peru's electricity generators.

Meanwhile, debilitating protests and strikes have been ongoing, as workers in southern Peru fear that selling public power assets to foreign investors will only be detrimental, increasing rates and resulting in lost jobs.

President Alejandro Toledo has tried to ease tensions by announcing that half of revenues from the sales would fund roads, rural power, and other public projects such as sanitation. Toledo suffers from a 26 percent approval rating.

Columbia's Interconexion, Spain's Red Electrica, and Canadian Hydro Quebec have expressed interest in Etecen and Etesur.

American companies AES Corp., Public Service Enterprise Group, Duke Energy, and NRG, as well as the Belgian Tractabel and Norwegian Statkraft have met requirements to bid for Peruvian generators Egasa and Egesur.

Peru hopes to receive $700 million in privatization revenues.

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