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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

Dark Harbor Wind Farm Receives Financing

LCG, May 17, 2005--Western Wind Energy Corporation announced that The Manufacturers Life Insurance Company is prepared to provide CDN$29.7 million of construction and term debt financing for the Dark Harbor Wind Farm, a 20 MW project located in New Brunswick. The balance of the project financing, CDN$8.2 million (excluding a letter of credit of CDN$1.5 million for the debt service reserve account), will be obtained by way of a private placement of the equity of Western Wind Energy Corporation.

The wind project is one of many renewable energy projects that the Canadian provinces are pursuing to reduce reliance on fossil fuels and the corresponding production of greenhouse gases. The Province of Ontario has committed to closing 7,600 MW of coal-fired generating capacity, and last month closed the 1,140-MW, coal-fired Lakeview Generating Station as a step towards reduced emissions. Another supply strategy under consideration is the reactivation of mothballed, nuclear power plants, such as Units 1 and 2 at the Bruce A nuclear generating station in Kincardine.

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