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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

Armenia Privatizes Energy Industry

LCG, August 27, 2002Yesterday the government of Armenia agreed to sell 81 percent of its electricity system to Midland Resources Holding, Ltd.

The British company will share ownership of the system with the European Bank for Reconstruction and Development.

Of five companies interested and qualified to purchase Armenias electricity assets, only Midland Resources retained interest in buying.

After the Soviet breakdown, Armenia had capacity for only as little as 2 hours per day worth of electricity for some years.

The 81 percent of shares went for $37.15 million.

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