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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

Calpine Receives Project Financing to Complete Metcalf Energy Center

LCG, February 3, 2005--Calpine Corporation announced yesterday that it had received a $100 million, non-recourse credit facility from ING Capital LLC and Bayerische Landesbank's New York operations to complete the Metcalf Energy Center, located in San Jose, California. Commercial operations of the 600-MW, combined-cycle power plant are planned to commence in June 2005.

Calpine stated that it will sell the entire output from the gas-fired plant to its wholly ownedsubsidiary, Calpine Energy Services, L.P., who in turn will sell power to large wholesale customers and into the daily energy market. The project finance facility will mature in July 2008.

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