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EIA Publishes Study on High Renewables Growth Impact in WECC Markets using UPLAN

LCG, July 19, 2024 – A working paper published by the U.S. Energy Information Administration (EIA) utilized the UPLAN model to study the impact of high renewables growth in the Western Electric Coordinating Council (WECC) markets.

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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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Industry News

NextEra Advances Financing for 250-MW Solar Project in California

LCG, August 30, 2011--NextEra Energy Resources, LLC, announced yesterday that its subsidiary, Genesis Solar, LLC, has closed on construction and term financing consisting of $702 million in project bonds, a $150 million project term loan facility and an $83 million project letter of credit facility for a 250-MW concentrating solar thermal generating facility located in Riverside County, California. In addition, the U.S. Department of Energy (DOE) provided a loan guarantee of 80 percent of the principal and interest on the project bonds and project term loan under its Financial Institution Partnership Program for the project.

The Genesis Solar Energy Project is a concentrating solar power (CSP) project that includes two, 125-MW power block facilities that will incorporate parabolic trough solar thermal technology. Over 500,000 parabolic mirrors will be assembled in rows located on about 1,800 acres in the Sonoran Desert. Power will be generated from steam turbine generators receiving steam from solar steam generators that use a heat-transfer fluid exposed to the sun in arrays of parabolic mirrors.
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