Duke Energy Renewables to Install 200-MW Wind Project in Texas

LCG, April 12, 2019--Duke Energy Renewables, a commercial business unit of Duke Energy, yesterday announced it will build, own and operate the MesteƱo Wind Project, located in southern Texas. The power generated by the 200-MW project will be sold into the ERCOT market, and Duke Energy Renewables will enter into a long-term hedge agreement covering the majority of the expected wind energy production. Construction has commenced, and the project is scheduled for completion by year-end.

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FPL Announces Plans for 409-MW Battery Storage System

LCG, April 3, 2019--Florida Power & Light Company (FPL) recently announced a plan to build the world's largest solar-powered battery system, the Manatee Energy Storage Center, as part of a modernization plan to accelerate the retirement of two, 1970s-era natural gas generating units at FPL's neighboring Manatee Power Plant.

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Industry News

German Company Allowed to Buy Majority of Czech Gas

LCG, May 3, 2002-The Czech Republic's anti-monopoly office, UHOS, has allowed German company RWE Gas to purchase the majority stake of the Czech gas network.

Having received permission, RWE Gas may buy 8 regional distribution bodies as well as gas importer and distributor Transgas for 4.1 billion Euros, or $3.7 billion. Transgas controls pipelines transporting 20 percent of western German natural gas supply and 34 percent of all Russian gas exports.

The potential contract would be the largest privatization move yet for the Czech government. Payments for government assets sold due to privatization are to be kept in the Czech National Bank and out of the foreign exchange market so as not to affect the Czech currency (USD1 = CSK33.9).

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