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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

K2 Wind Power Project Achieves Commercial Operation in Ontario

LCG, June 10, 2015, 2015-The K2 Wind Power Facility ("K2 Wind") in southwestern Ontario achieved commercial operation on May 29, 2015. The generating capacity of K2 Wind is equal to the largest wind power facility in Ontario.

K2 Wind is owned and operated by Capital Power Corporation and Capital Power LP (collectively, "Capital Power"), Samsung Renewable Energy Inc., and Pattern Energy Group LP (collectively referred to as "the partners"). Pattern Energy Group Inc. ("Pattern Energy") has agreed to acquire one third of the project from its affiliate Pattern Energy Group LP.

The new wind farm operates under a 20-year Power Purchase Agreement (PPA) with the Independent Electricity System Operator (IESO).

K2 Wind includes 140 Siemens 2.3 MW wind turbines and is located in in the Township of Ashfield-Colborne-Wawanosh. The facility was constructed over an 18 month period.

Components for the new facility were manufactured in Ontario. The project's 700 turbine tower sections were produced in Windsor by CS Wind, and the 420 blades were built in Tillsonburg by Siemens directly supporting over 800 manufacturing jobs in Ontario.

"Along with Samsung and Capital Power, we are proud to develop one of the largest wind facilities in Canada, which was built using local workers and local materials, including turbine blades and towers manufactured in Ontario," said the CEO of Pattern Energy. "K2 Wind is the result of Ontario's commitment to green energy, providing the province with a strong new addition to its renewable energy fleet."
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