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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
Vineyard Wind Holds Ground Breaking Event for 800-MW Offshore Wind Project
LCG, November 22, 2021--Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, Inc., and Copenhagen Infrastructure Partners (CIP), held their groundbreaking event last Thursday for Vineyard Wind 1, an 800-MW offshore wind project located in waters 15 miles off Martha’s Vineyard, near Cape Cod in Massachusetts. The ceremony to commemorate the event was held at Covell’s Beach in Barnstable, the site where two cables will make landfall and connect to the grid at a substation further inland on Cape Cod. The project is scheduled to commence delivering power to Massachusetts in 2023.
The Vineyard Wind CEO stated, “Many people have worked extremely hard to make today possible, a day where we turn forward thinking into action. From the environmental and community activists to our elected leadership at the local, state and federal level, it’s taken all of us, pulling in the same direction and not being deterred by setbacks both large and small. By focusing on our ultimate goal – developing clean, cost-effective energy that will cut carbon pollution and create thousands of jobs in the process – we never lost sight of what mattered most, and we ultimately have a better project as a result. I want to thank everyone for their commitment to and belief in this industry and look forward to celebrating many more milestones in the months ahead.”
The Vineyard Wind 1 project will consist of 62 wind turbines connected to an offshore substation, where the power will be transferred to two export cables that will make landfall at Covell’s beach and connect to the grid at an inland substation. The wind turbines to be installed are General Electric’s 13-MW Haliade-X.
“Vineyard Wind is on a par with the most ambitious offshore developments globally, including those developed by the Iberdrola Group. Not many countries have the ambition to launch their first project at a scale that will power 400,000 homes and create 3,600 jobs,” said the Chairman and CEO of Iberdrola and Chairman of AVANGRID. “With 15 years of offshore wind leadership, Iberdrola and Avangrid are more than ready to help the US benefit from the substantial opportunities of offshore wind including economic investment and job creation. Our offshore developments in New England and North Carolina/Virginia could represent a total investment well above $15 billion in the coming years.”
The Secretary of the Interior stated, “Vineyard Wind 1 represents a historic milestone for advancing our nation’s clean energy production. This project and others across the country will create robust and sustainable economies that lift up communities and support good-paying jobs, while also ensuring future generations have a livable planet. The Interior Department is committed to responsibly accelerating our nation’s transition to a clean energy future, and doing so in coordination with our partners, stakeholders, Tribes and ocean users to avoid and reduce potential impacts as much as we can.”
“Massachusetts is proud to launch an entirely new industry in the United States by building this historic, first-in-the-nation project, and by officially beginning onshore construction on the Vineyard Wind project, we are charting a new course for clean energy and climate action,” said the Governor of Massachusetts. “Vineyard Wind will provide enough affordable clean electricity to power 400,000 homes while creating hundreds of local jobs, and our Administration is focused on maximizing the economic opportunity for the Commonwealth by filing legislation that would direct a historic investment of $750 million to advance our ambitious climate goals and build the clean energy workforce of the future.”
Massachusetts’ Energy and Environmental Affairs Secretary said, “As the first-mover on offshore wind, Massachusetts has set many milestones, but the start of onshore construction for the Vineyard Wind project marks the beginning of a historic new chapter for this industry in the United States. Offshore wind is the centerpiece of our strategy to achieve Net Zero emissions in 2050, and building this first project will not only put this industry on the path for long-term success in the United States, but will help us power a green recovery that drives investment in our historic port areas, creates well-paying local jobs, and provides new economic opportunities for underserved communities.”
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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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Database of Plants, Loads, Assets, Transmission...
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