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News
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
Read more
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Industry News
NorthRenew Energy achieved financial close for TG East Wind Project
June 18, 2020 - The TGE project, located in Knox County, Texas, represents a $450 million total investment and is expected to have 336MW of nameplate capacity comprised of Vestas V-150 4.2MW and V-162 5.6MW wind turbines, the first installation of the largest onshore turbine technology in the United States.
NRE acquired TGE from Oklahoma-based Chermac Energy in late 2017 and sold its interests to the Finnish company Taaleri Energia in 2018 as Taaleri’s first US project. TGE is expected to start operations in 2021.
A lender group comprising Nord/LB, Santander, Societe Generale and Mizuho Bank led syndication of the construction debt facility and a tax equity bridge loan. BHE Renewables, a subsidiary of Berkshire Hathaway will provide the tax equity investment. The project equity consortium includes Taaleri SolarWind II Fund, the Danish Infrastructure Fund AIP, Ilmarinen Mutual Pension Insurance Company and Akuo Energy USA.
TGE is contracting its output under Allianz Global & Specialty Inc.'s Alternative Risk Transfer unit in form of a proxy revenue swap.
LCG Consulting of Los Altos, California was commissioned by Garth Klimchuk, Co-Founder and Managing Partner of NRE and Taamir Fareed, Head of Development of Taaleri to perform an economic analysis to assess the congestion risks in the surrounding areas of the TGE wind project and their impact on plant performance including any generation curtailment based on hourly modeling of the ERCOT grid using LCG’s proprietary UPLAN Network Power Model and PLATO data model taking into consideration the expected generation additions and transmission expansion.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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