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Massachusetts Poised to Target More Offshore Wind

LCG, August 2, 2018--The Massachusetts Legislature approved H4857, An Act to Advance Clean Energy, on Tuesday that includes: an increase in the Massachusetts Renewable Portfolio Standards (RPS) goals to 35 percent by 2030, a 1,000 MW energy storage goal by 2025, and a path to install an additional 1,600 MW of offshore wind capacity. With the current goal of installing 1,600 MW of offshore wind capacity, the total offshore wind capacity would be 3,200 MW. The legislation will now be received by the Governor of Massachusetts.

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Pattern Development Completes Power Purchase Agreements for 200 MW Wind Project in New Mexico

LCG, August 1, 2018--Pattern Energy Group 2 LP (Pattern Development) yesterday announced it has signed 15-year power purchase agreements (PPAs) with Silicon Valley Clean Energy (SVCE) and Monterey Bay Community Power (MBCP) to deliver wind power from the 200 MW Duran Mesa Wind project currently in development near Corona, New Mexico. SVCE has signed a PPA for 110 MW, and MBCP has signed a PPA for 90 MW.

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Industry News

ERCOT Expects Record-breaking Peak Demand this Summer

LCG, March 2, 2018--The Electric Reliability Council of Texas (ERCOT) yesterday released its final Seasonal Assessment of Resource Adequacy (SARA) report for the upcoming spring season (March - May) and its preliminary assessment for the summer season (June - September). ERCOT, the grid operator for most of Texas, is predicting record-breaking peak usage this summer driven by the strong Texas economy. The combination of record-breaking peak usage and the recent retirement of older electric generating units is expected to result in tight operating reserves.

ERCOT's President and CEO stated, "The ERCOT market has experienced a series of new peak demand records over the last few years as Texas' economy continues to grow at record pace. We expect high peak demand will continue this summer."

ERCOT also anticipates voluntary load reductions and an increase in power sold in the market by industrial facilities in response to higher power prices during peak demand.

Total resource capacity for this summer is expected by ERCOT to be 77,658 MW. The preliminary summer SARA report includes a 72,974 MW summer peak load forecast based on normal weather conditions for 2002-2016. This forecast is higher than the all-time summer peak demand record of 71,110 MW set on August 11, 2016. Almost 3,800 MW in new generation resources began operating in 2017, and more than 14,000 MW of resources are planned to be in service by 2020.

The final summer SARA report will be released in May and will reflect the expected summer weather conditions.

In its final spring SARA report, ERCOT anticipates there will be adequate generation to satisfy system-wide demand under a range of extreme system conditions. The adjusted spring peak load forecast is expected 59,477 MW.

The SARA report is based on an assessment of generation availability and expected peak demand conditions at the time it was prepared. The assessment takes into account expected generation outages that typically occur during each season for routine maintenance, as well as a range of generation outage scenarios and weather conditions that could affect seasonal demand.
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