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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.

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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).

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Industry News

Lenders may buy Dabhol for $700 Million

LCG, Oct. 30, 2001-- Enron Corp. is in advanced stages of negotiations to sell its stake in Dabhol Power Co. at a 30 per cent discount to Indian financial institutions that hold the majority of the project's paper, the Economic Times reported this morning.

Enron chief executive Kenneth Lay has repeatedly refused to budge from his demand for $1 billion for the company's 65 percent interest in Dabhol, but the paper said talks were in progress over a sale for as little as $700 million.

The Economic Times said the Industrial Bank of India and other lenders are "close to finalizing" an agreement with Enron and could work out a deal within two weeks. Indian Prime Minister Atal Bihari Vajpayee will leave for the U.S. in the second week of November for meetings with President Bush.

The paper cited "sources close to the ongoing negotiations" as saying that the Indian government is eager that the financial institutions take over Dabhol quickly so that the Vajpayee can tell Bush during his visit that justice has been done with regard to the big U.S. energy company.

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