Connecticut Seeks 2,000 MW of Offshore Wind Capacity

LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.

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EIA Publishes Regional Electricity Supply and Pricing Forecasts Using UPLAN Model

LCG, August 13, 2019--The U.S. Energy Information Administration (EIA) announced that it is revising the presentation and modeling of its forecasts for electricity supply and market hub pricing to better reflect current electricity markets and system operations in the U.S. Beginning with the August 2019 Short-Term Energy Outlook (STEO), the new forecasting approach models electricity markets using the UPLAN production cost optimization software developed by LCG Consulting. EIA uses the solution results provided by this proprietary model to develop the STEO forecasts of monthly electricity generation, fuel consumption, and wholesale prices.

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Industry News

AWEA's New Market Report Shows Modest Growth in Wind Generating Capacity for the U.S. in 2014

LCG, January 29, 2015-The American Wind Energy Association (AWEA) yesterday released its U.S. Wind Industry Fourth Quarter 2014 Market Report. According to AWEA, the new wind power capacity installed last year is nearly five times greater than that installed in 2013. Although more capacity was installed in 2014 than 2013, the annual capacity addition is less than half the record of 13,000 MW that was installed in 2012.

Last year, the industry installed 2,500 wind turbines with a combined generating capacity of 4,850 MW. The cumulative installed capacity increased eight percent to a total of 65,875 MW.

The state with the most capacity installed during 2014 is Texas, where over 1,800 MW of new wind farm capacity now stands. The other states in the top five for new wind capacity are: Oklahoma (648 MW), Iowa (511 MW), Michigan (368 MW) and Nebraska (277 MW).

AWEA identified the cause of the limited rebound of new wind generating capacity in 2014 being the uncertainty surrounding the renewable energy Production Tax Credit (PTC). AWEA's CEO stated, "Wind is gaining strength, but as recent history shows, we can do a whole lot more. We're looking forward to working with Members of Congress from both sides of the aisle so that a reasonable, responsible tax policy is in place that allows the wind industry to continue lowering costs and investing billions of dollars in U.S. communities."

AWEA's CEO further stated, "It has been U.S. policy for the last 100 years to encourage energy production by giving tax relief to different energy sources. Every other source of electricity in this country has their tax relief. Congress must find a way forward so we don't lose years of investment and send this promising industry over another cliff."

The new AWEA report also states that, as 2015 begins, there is over 12,700 MW of wind capacity under construction, with new construction starts in the fourth quarter totaling about 2,800 MW.
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