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Bay State Wind Receives Federal Approval for Offshore Wind Farm

LCG, July 20, 2017--Bay State Wind, a joint venture between DONG Energy and Eversource, reported yesterday that the U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM) has approved its site assessment plan (SAP) for an offshore wind project proposed off the coast of Massachusetts near Martha's Vineyard. Bay State Wind states they are the first in the nation to receive federal approval of their site assessment plan.

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Dynegy Announces New Agreements to Sell Three Generating Assets

LCG, July 14, 2017--Dynegy Inc. (Dynegy) announced Tuesday that it has reached agreement to sell three of its generating plants for approximately $300 million.

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Industry News

Southwest Power Pool Sets Wind Penetration Record of 52.1 Percent

LCG, February 15, 2017--Southwest Power Pool (SPP) announced earlier this week that it achieved a wind-penetration record of 52.1 percent at 4:30 a.m., February 12, when it became the first regional transmission organization (RTO) in North America to serve over 50 percent of its electric demand at a given time with wind energy. SPP set the previous RTO record of 49.2 percent on April 24, 2016.

The installed wind farm capacity and wind power generation in the SPP region has grown dramatically. Since the turn of the century, SPP's installed wind capacity has grown from a few hundred MW's to becoming the third most-prevalent fuel source in the SPP region. Wind capacity provided approximately 15 percent of SPP's generating capacity in 2016, exceeded only by natural gas and coal. Installed wind capacity increased in 2016 by 4,000 MW - from 12,000 MW to over 16,000 MW, and SPP's maximum simultaneous wind generation peak rose from 9,948 MW in 2015 to 12,336 MW in early 2016.

In concert with the installation of new wind farms, SPP has approved the construction of over 10 billion dollars in high-voltage transmission infrastructure over the last decade, with much of the construction designed to connect rural, isolated Midwestern wind farms to population centers hundreds of miles away.

SPP's Vice President of Operations stated, "Ten years ago, we thought hitting even a 25 percent wind-penetration level would be extremely challenging, and any more than that would pose serious threats to reliability. Since then, we've gained experience and implemented new policies and procedures. Now we have the ability to reliably manage greater than 50 percent wind penetration. It's not even our ceiling. We continue to study even higher levels of renewable, variable generation as part of our plans to maintain a reliable and economic grid of the future."

SPP's President and CEO said, "It's exciting to see the evolution of our efforts to maintain a reliable power grid. It allows for very different generation patterns than we've historically experienced. But for new day-ahead unit commitment procedures and market processes for managing congestion across a single balancing authority in fourteen states, these new records would not be possible."
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