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DTE Energy Invests in 1.5 GW of Michigan-made Battery Energy Storage Systems for Eight Projects

LCG, May 28, 2026--DTE Energy yesterday announced a $1.6 billion investment to develop Michigan-made battery energy storage systems across Michigan through partnering with LG Energy Solution Vertech, the U.S. energy storage division of LG Energy Solution.

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Microsoft and Avangrid Sign PPA for Bluebird Solar Project in Washington State

LCG, May 27, 2026--Avangrid, Inc., a member of the Iberdrola Group, today announced the signing of a Power Purchase Agreement (PPA) with Microsoft for the 140 MWdc (100 MWac) Bluebird Solar project in Klickitat County, Washington. Bluebird is located near four other energy projects owned and operated by Avangrid in Klickitat County and represents another $300 million investment in the community. The Bluebird Solar project is expected to achieve commercial operation in 2028.

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Industry News

Cape Wind Project Secures $600 Million in Financing

LCG, March 5, 2014--Cape Wind announced last week that it has secured $600 million in financing for its proposed $2.5 billion wind power farm off the Massachusetts coast. Danish export credit agency EKF approved the loan pending due diligence, and the new loan is the project's largest so far.

By the end of the third quarter, Cape Wind anticipates that the remaining financing will be secured. Initial operations and generation could commence as soon as 2016.

The 468-MW Cape Wind project will include 130, 3.6-MW wind turbines located in Nantucket Sound, Massachusetts. The offshore wind farm will connect to the power grid via a 66.5-mile, buried submarine transmission cable system.

The project developer has pursued government approval since 2001 and completed State and local permitting in 2009.

In December 2013, Siemens and Cape Wind signed a major contract in which Siemens will supply Cape Wind its 3.6-MW offshore wind turbines, an offshore Electric Service Platform (ESP) and a service agreement for the first 15 years of commercial operations.
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