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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

Sheringham Shoal Offshore Wind Farm Opens

LCG, September 28, 2012--Statoil announced that the official opening occurred yesterday of the 317-MW, Sheringham Shoal Offshore Wind Farm, which is sited off the coast of Norfolk, England. Offshore wind power generating capacity for the United Kingdom (UK) now exceeds 2.5 GW.

The Sheringham Shoal Offshore Wind Farm is owned equally by Statoil and Statkraft through a joint venture, Scira Offshore Energy Limited, which will operate the wind farm.

The Statoil president and CEO stated, "Statoil has utilised competence from 40 years of offshore experience in the oil and gas industry to complete Sheringham Shoal Offshore Wind Farm. Together with our partner Statkraft we have benefitted from good cooperation with UK authorities, local communities and suppliers. I am proud to say that as a result of this joint effort, we are now able to provide 220 000 UK homes with green power for decades to come."

The wind farm includes 88, 3.6-MW wind turbines. Scira received approval from the UK approximately four years ago, and initial construction began about three years ago. To complete the offshore project, a number of challenges had to be overcome, and these challenges delayed the project completion and increased costs.
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