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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

Offshore Wind Farms Planned for Texas

LCG, October 4, 2007--The Texas General Land Office (GLO) on Tuesday announced that it had awarded the first four competitively bid leases for offshore wind power in the nation's history. The leases were awarded to Wind Energy Systems Technology, LLC (W.E.S.T.). Given positive results from planned meteorological testing, W.E.S.T. could install wind farms that would generate a minimum of 250 MW to 300 MW per lease. The state hopes to collect for its Permanent School Fund over $400 million over the 30-year lease period.

The offshore wind energy tracts are located near Jefferson, Calhoun, Brazoria and Cameron
counties and total 73,098 acres in size.

W.E.S.T. was the sole bidder and is currently developing a wind project eight miles off of the coast near Galveston, Texas.
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