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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

NRG Solar and SunPower Execute Agreements for 250-MW California Solar Project

LCG, December 1, 2010--NRG Solar, a subsidiary of NRG Energy, Inc., and SunPower Corp. yesterday announced that they have executed agreements to begin construction in 2011 of the 250-MW California Valley Solar Ranch, located in San Luis Obispo County.

With the new agreements, SunPower will continue to develop the California Valley Solar Ranch project. SunPower will also design, construct and operate the solar PV facility, which will employ SunPower's proprietary Tracker system to improve energy capture. Project construction is scheduled to begin in the second half of 2011. The project will commence operations in three phases, with the initial phase on line by the end of 2011. The second and third phases will begin delivering power to the grid in 2012 and 2013, respectively.

NRG will assume all ownership and financing responsibilities. NRG Solar plans to invest up to $450 million in the project over the next four years, and a loan guarantee from the U.S. Department of Energy's (DOE) Loan Guarantee Program Office is being pursued.

Pacific Gas & Electric (PG&E) signed a 25-year power purchase agreement (PPA) for the output from the project in August 2008, and the PPA was approved by the California Public Utilities Commission (CPUC).
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