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New York Announces 1,700 MW of New Offshore Wind Projects and 70 Percent Renewables Requirement by 2030

LCG, July 22, 2019--The Governor of New York announced last Thursday that the State has executed the nation's largest offshore wind agreement - totaling approximately 1,700 MW - in U.S. history. The Governor also signed the Climate Leadership and Community Protection Act (CLCPA), which includes a mandates of 9,000 MW of offshore wind by 2035, 70 percent renewable energy by 2030, plus a Zero-Carbon Emission Electric Sector by 2040.

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Georgia PSC Approves Georgia Power's 2019 IRP

LCG, July 18, 2019--The Georgia Public Service Commission (PSC) has unanimously approved Southern Company subsidiary Georgia Power's 2019 Integrated Resource Plan (IRP), which was submitted in late January.

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Industry News

Xcel Energy Requests Approval for 600-MW Wind Project in Colorad

LCG, May 18, 2016--Xcel Energy filed an application with the Colorado Public Utilities Commission (CPUC) for approval of a $1 billion investment in the Rush Creek Wind Project,located in eastern Colorado. The 600-MW project, which includes installing a 90-mile, 345 kV electric transmission line, is now under development by Invenergy Wind Development North America. Xcel is requesting (i) approval to purchase the project, (ii) a Certificate of Public Convenience and Necessity (CPCN) for the wind farm and associated transmission facilities, and (iii) approval to seek cost recovery.

The Rush Creek Wind Project would be the largest wind farm in Colorado. Invenergy would act as engineering, procurement, and construction (EPC) contractor, and Vestas Wind Systems would manufacture the project's 300, 2-MW turbines at its facilities in Colorado. The project is scheduled to commence operations by November 2018.

Xcel Energy Colorado's President stated, "With the full $23/MWh PTC, wind produces energy at below the cost of a combined cycle turbine with the forward gas curve we see. That is in-the-money. Whether it is a power purchase agreement or a utility-owned wind project, it will have a much more stable and predictable cost of energy than fuels like natural gas that have been more volatile in price."
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