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News
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LCG, November 9, 2018--The Governor of New York yesterday announced a solicitation for 800 MW or more of new offshore wind projects to supply renewable energy to New York to combat climate change. The New York State Energy Research and Development Authority (NYSERDA) issued the Request for Proposals (RFP), which is the first key step in New York's plan to install 2,400 MW of offshore wind projects by 2030.
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LCG, November 8, 2018--Xcel Energy and Southern Power, a subsidiary of Southern Company, earlier this week announced an agreement for Southern Power to sell the Mankato Energy Center to Xcel Energy for $650 million. The completion of the sale, subject to regulatory approval and other closing conditions, is expected to be mid-2019.
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Industry News
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.
The SVCE Board Chair stated, "As a Community Choice Energy agency, signing onto a project of this magnitude marks a significant step in our maturity, financial strength and shows our commitment to supplying renewable energy for our communities. Silicon Valley Clean Energy is dedicated to the promise we made to our customers when we formed this agency - that we will provide clean, carbon-free power at competitive rates. This project helps us to continue reaching our decarbonization goals."
Duran Mesa Wind is a 200 MW project within Pattern Development's 2,200 MW Corona Wind Projects in New Mexico. Construction of Duran Mesa Wind is scheduled to begin in late 2019, and the project is expected to reach commercial operation in late 2020.
Electricity generated from the Duran Mesa Wind project will be delivered to California in part via the SunZia Southwest Transmission Project, a 520-mile 500-kV transmission line under development in New Mexico and Arizona that is expected to achieve commercial operation in the fourth quarter of 2020. The transmission project includes approximately 320 miles in New Mexico and 200 miles in Arizona. The total estimated capital cost of the SunZia project is about $2 billion.
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