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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

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 Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

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

Industry News

New York Governor Announces Awards for 22 Solar Energy Projects

LCG, June 3, 2022--The Governor of New York yesterday announced awards for 22 large-scale solar and energy storage projects to deliver energy to New York. As the state's largest land-based renewable energy procurement to date, these projects are expected to result in $2.7 billion in private investment and create over 3,000 short- and long-term jobs across the state.

The awards are a step to accelerate renewable projects so as to exceed New York's goal to obtain 70 percent of the state's electricity from renewable sources by 2030 on the path to a zero-emission grid by 2040 as required by Climate Leadership and Community Protection Act.

The Governor of New York stated, “Today's investments will put us on a path to making New York a greener place to live while also creating new jobs and spurring economic development. These projects will allow us to not just meet but exceed our goal of obtaining 70 percent of our electricity from renewable resources and will further cement New York as a national leader in the fight against climate change.”

The 22 large-scale renewable energy projects total over 1,760 MW of capacity from solar projects, and six of the projects include energy storage systems. Affiliates of EDF Renewables will build three of the largest projects: Columbia Solar Energy Center, a 350-MW solar facility with 20 MW of co-located energy storage in Herkimer County; Rich Road Solar Energy Center, a 240-MW solar facility with 20 MW of co-located storage in St. Lawrence County; and Ridge View Solar Energy Center, a 350-MW solar facility with 20 MW of co-located storage in Niagara County.

These newly awarded projects will add to New York's pipeline of large-scale renewable energy projects moving towards operation. The pipeline is comprised of over 120 solar, land-based wind and offshore wind projects under development that are expected to result in over 14,200 MW of installed capacity to deliver clean power to the grid.

The President and CEO NYSERDA and Climate Action Council Co-Chair said, “With the largest portfolio of projects awarded to date, New York is strengthening an already massive renewable energy pipeline that is positioned to deliver increasing amounts of clean and affordable electricity to thousands of families across the state for years to come. NYSERDA is committed to working with the awarded developers, local host governments and community stakeholders throughout the project development process to responsibly site projects, including the protection of prime agricultural land, and ensure that they cross the finish line on time.”

New York State's Climate Leadership and Community Protection Act mandates a goal of a zero-emission electricity sector by 2040, including 70 percent renewable energy generation by 2030, and to reach economy wide carbon neutrality.
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