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News
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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, 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
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Industry News
Floating Offshore Wind Turbine Shows Promise
LCG, June 20, 2012--Vestas, EDP, Energias de Portugal, Repsol, Principle Power, A. Silva Matos (ASM) and InovCapital recently announced that a Vestas v80 2.0 MW turbine - placed on innovative floating foundation called WindFloat - has been wet-towed to an offshore location approximately 5 km off the Portuguese coast at Agu?adoura and has already produced in excess of 1.7 GWh.
The new, floating foundation enables offshore windfarms to be developed in deep water and avoids the need for heavy lift vessels or piling equipment at sea. For Portugal's first offshore wind turbine, the final assembly, installation and pre-commissioning of the turbine and substructure took place on land in a controlled environment, with the complete system towed into position using simple tug vessels. With the floating foundation, wind farm siting criteria becomes independent of water depth, which will open up new, offshore areas for consideration of wind farms.
Vestas CEO stated, "Vestas has pioneered the wind turbines industry and is continuously striving to find new ways of lowering the cost of energy in offshore wind farm whilst increasing the business case certainty for our Customers. Floating foundations are one of the solutions with the highest potential for harvesting wind power in deeper waters, and the Windfloat project was a highly interesting possibility for us to help explore this area within offshore wind energy. We have been working in close collaboration with EDP and Principle Power on the project and we are very pleased with the successful integration of the turbine and the WindFloat platform. It has been an interesting and valuable experience and we are proud of the satisfactory results achieved so far."
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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