EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Avangrid's 238-MW True North Solar Project Achieves Commercial Operation

LCG, March 27, 2025--Avangrid, Inc., a member of the Iberdrola Group, today announced that its True North Solar project, located in Falls County, Texas, has achieved commercial operation. The True North Solar project will deliver electricity into ERCOT and support Meta's operations, including Meta's upcoming data center in neighboring Temple, its second data center in Texas.

Read more

Qcells and Nofar USA Sign Agreement to Develop Energy Storage Projects in Texas

LCG, March 26, 2025--Qcells USA Corp. (Qcells), a wholly owned subsidiary of Hanwha Qcells, and Nofar USA (Nofar), a wholly owned subsidiary of Nofar Energy, recently announced a signed agreement to cooperate on the development and construction of two energy storage projects in Texas. The projects have a combined capacity of 350 MW with a 2-hour duration (700 MWh).

Read more

Industry News

Enel Buys 40% Stake in Camuzzi Gazometri

LCG, Oct. 17, 2001--Italy's government-owned electric utility Enel yesterday acquired a 40 percent stake in Camuzzi Gazometri for 434 million euros ($400 million U.S.), the Financial Times reported this morning.

Enel, which wants to be all utilities to all Italians, providing service under one brand name for electricity, gas, water and telecommunications, made its first purchase in the natural gas sector last June. It has since gobbled up 13 gas distribution companies.

The stake in Camuzzi Gazometri, which it has the option of expanding to 100 percent by the end of next year, will make Enel Italy's second largest gas distributor after Gruppo Italgas.

Enel bought its 40 percent stake from Mill Hill Investments, Camuzzi Gazometri's controlling shareholder. The Financial Times says the acquisition means Enel could achieve its target of acquiring 2 million residential natural gas customers by the end of next year - two years ahead of its original target date.

According to the paper, Enel and Mill Hill investments have put in a place a series of management mechanisms to ensure that Camuzzi is managed "in their common interest". The agreement gives Mill Hill an option to buy back its 40 per cent stake by October of next year at a price that is 25 per cent above Tuesday's sale price, the report said.

Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service