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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

PG&E Announces Agreements for Colossal New Solar Farms

LCG, August 15, 2008--Pacific Gas and Electric Company (PG&E) yesterday announced that it has executed two contracts for solar electricity generation totaling 800 MW of photovoltaic (PV) capacity. Construction of both solar farms is scheduled to begin in 2010.

One agreement is with Topaz Solar Farms LLC, a subsidiary of OptiSolar Inc. The 550-MW project will use thin-film, PV panels designed and manufactured by OptiSolar in California. The solar farm will be constructed in San Luis Obispo County, California and will have a footprint covering nearly 6,100 acres. The project is scheduled to start providing power to the grid in 2011 and be fully operational by 2013.

PG&E's second power purchase agreement is with High Plains Ranch II, LLC, a subsidiary of SunPower Corporation. The High Plains Ranch II project will have a design capacity of 250 MW and will be built in San Luis Obispo County, California. The project will use SunPower's proprietary crystalline PV solar cells, together with its patented SunPower Tracker solar tracking system, to improve energy capture. High Plains Ranch II is scheduled to commence delivering electricity to the grid in 2010 and be fully operational in 2012.

California passed a Renewable Portfolio Standard (RPS) Program that requires utilities to increase their electric supply procurement of eligible renewable generating resources by one percent of load per year, with a 20 percent renewables target by the end of 2010 and a 33 percent target by the end of 2020.

On the other side of the country, last month the Florida Public Service Commission approved two solar PV projects proposed by Florida Power & Light Company (FPL). The projects include what was touted as the world's largest PV solar system. The two solar PV facilities will have a combined electric generating capacity of 35 MW. SunPower Corporation was selected by FPL to design and build the facilities that will incorporate SunPower PV panels.

In DeSoto County, Florida, a 25-MW solar PV facility will be built that includes the installation of the SunPower Tracker system that follows the sun to increase electric generation from the panels. A 10-MW project will be constructed at the Kennedy Space Center. The DeSoto project is scheduled to commence operations by December 2009, and the Kennedy Space Center is scheduled to commence operations by the first quarter of 2010.

Both Florida projects will be owned, operated and maintained by FPL. SunEdison will develop, finance, build, operate, monitor and maintain the solar farms.
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