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RWE and Meta Announced New PPA for 200-MW Waterloo Solar Project

LCG, March 18, 2025--RWE and Meta today announced a new power purchase agreement (PPA) for offtake from RWE's 200-MW Waterloo Solar Project, which is located in Bastrop County, Texas. Under the agreement, Meta will purchase 100% of the output from the solar facility, which will support Meta's goal of matching its electricity needs with 100 percent clean energy. The project is scheduled to commence onsite construction in late 2025.

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CPUC Approves SDG&E's Westside Canal Battery Energy Storage Expansion Project

LCG, March 14, 2025--The California Public Utilities Commission (CPUC) approved an expansion of San Diego Gas & Electric's (SDG&E) Westside Canal Battery Energy Storage facility. The expansion project is located in California's Imperial Valley and will add 100 MW of energy storage capacity to the existing 131 MW facility. The new capacity is expected to be fully operational by June 2025. Upon completion, the Westside Canal facility, with a total capacity of 231 MW, will be the largest storage asset in SDG&E's utility-owned battery storage portfolio.

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Industry News

Brazilian State-Owned Plants Will Auction Electricity

LCG, Jan. 31, 2002--Trading in five state-owned power companies was suspended for an hour yesterday as the government announced that state-owned plants would sell power through public auctions.

The changes were announced by Minister Pedro Parente, who is in charge of the electricity crisis task force, and need to be approved by Congress in March in order to take effect.

Currently, Electrobras, Cesp, Copel, Cemig and EMAE produce 90 percent of Brazil's electric power, and do so at low, regulated rates. Private investment in new, gas-fired generation capacity has been slow due to rationing of electricity, and the government's indication earlier this month that public power would play a more significant role in providing electricity.

That policy was brought about by a drought that has severely decreased the output at hydropower plants. When trading resumed after the announcements yesterday, share prices in the state-owned and private power companies rose. Electricity rates paid by consumers are expected to rise, and would be funded in part by increased dividends from public power companies.
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