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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

Southern Power's 120-MW Solar Project Commences Operation in Texas

LCG, April 6, 2017--Southern Company subsidiary Southern Power yesterday announced the commercial operation of the 120-MW East Pecos Solar Facility in Pecos County, Texas. Austin Energy will purchase the energy and associated renewable energy credits (RECs) under a 15-year power purchase agreement (PPA), which it plans to apply to meet Austin City Council goals for renewable energy and carbon reduction.

The East Pecos Solar Facility facility is located on an approximately 1,000-acre site and includes approximately 1.2 million solar photovoltaic (PV) panels manufactured by First Solar, which built and will operate and maintain the facility. Initially, First Solar announced the signing of its PPA with Austin Energy in October 2015, and project construction then began in February of 2016.

The solar project fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.

Southern Power's President and CEO stated, "The East Pecos Solar Facility joins our growing renewable fleet in Texas, and we look forward to operating it for the benefit of our customers. By providing clean, affordable, wholesale generation, we are able to deliver on our promise to help build the future of energy."

Austin Energy's General Manager stated, "Austin Energy was an early adopter of West Texas wind power and is pleased to take delivery of the power generated by the East Pecos Solar Facility. We currently supply more than 30 percent of our customers' needs from renewable power and are well on our way to our target of 55 percent supply by 2025."
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