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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

East Timor and Australia Make New Gas Agreement

LCG, May 17, 2002-Australian Prime Minister John Howard will sign a treaty with East Timor next week.

The Timor Gap Treaty addresses the Sunrise gas field, located in the Timor Sea and partially inside joint development areas.

Revenue is to go to both East Timor and Australia, and the two countries have been negotiating in anticipation of East Timor's freedom from U.N. administration.

Details of the treaty have yet to be released, although Howard said that "fair and good" concessions were made.

The first Timor Gap Treaty was made in 1989 between Australia and Indonesia, after Indonesia took over East Timor. When East Timor became independent from Indonesia ten years later, the treaty became void.

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