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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

Siemens Awarded Contract for 588-MW Offshore Wind Farm in Scotland

LCG, May 25, 2016--Siemens Wind Power was awarded an order for the Beatrice wind farm, a 588-MW offshore wind farm located approximately 9 miles off the Scottish coast. The installation of the wind turbines is scheduled to begin in the summer of 2018, and the project is expected to be completed in 2019.

Beatrice Offshore Windfarm Ltd. (BOWL), a partnership formed between SSE (40 percent), Copenhagen Infrastructure Partners (35 percent) and SDIC Power (25 percent) awarded the order.

Siemens will supply, install and commission 84 wind turbines, each with a 154-meter rotor diameter designed to generate 7-MW of electricity. The SWT-7.0-154 direct drive wind turbines will be erected on jacket foundations in ocean depths between 35 and 56 meters. The order also calls for Siemens to service the wind farm over a 15-year period.

Siemens will provide the offshore grid connection to the mainland in consortium with Nexans, who will supply the connecting export cables. Siemens will deliver the onshore and offshore substations consisting of two offshore transformer modules (OTM) which are smaller in weight and size and thus saving costs.

"We are proud to announce the first reference for our newly developed Offshore Transformer Module together with our customer,??? stated the CEO Transmission Solutions Business Unit at Siemens. "The application of light weight distributed substations is an important lever for reaching Siemens' goal of reducing the costs of wind power generated offshore to below 10 euro cts/kWh by 2020."

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