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News
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LCG, September 20, 2018--The New Jersey Board of Public Utilities (NJBPU) on Monday approved an order opening an application window for a record setting 1,100 MW of offshore wind capacity.
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LCG, September 6, 2018--Duke Energy Carolinas excluded new nuclear construction in its recently filed Integrated Resource Plan (IRP), which includes its 15-year plan for new power generation.
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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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