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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
Southern Power and Turner Renewables Acquire Solar Project in California
LCG, October 27, 2015-Southern Company subsidiary Southern Power and Turner Renewable Energy yesterday announced the acquisition of the Morelos del Sol Solar Facility from Solar Frontier Americas. The electricity and associated renewable energy credits (RECs) generated by the facility will be sold under a 20-year power purchase agreement (PPA) with Pacific Gas & Electric Company (PG&E). Construction on the facility commenced in July, and commercial operation is scheduled in late November. The project is Southern Power's eighth solar acquisition in California.
The Morelos del Sol Solar Facility is a 15-MW project located on a 138-acre site in Kern County, California. The solar facility will include 111,744 thin-film photovoltaic (PV) modules mounted on single-axis trackers. The engineering, procurement and construction (EPC) services are being provided by DEPCOM Power, which will also operate and maintain the facility for Southern Power. The project is aligned with Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.
The Southern Company Chairman, President and CEO stated, "This acquisition with longtime partner Turner Renewable Energy strengthens Southern Company's position as a national leader in renewables. The acquisition of the Morelos del Sol Solar Facility aligns with our company's broader commitment to best meeting customers' energy needs."
Turner Renewable Energy teamed with Southern Company through a subsidiary in January 2010 to form a strategic alliance to pursue development of renewable energy projects in the United States. The partnership has primarily focused on large-scale solar PV projects in the Southwest, where solar resources are most available. This project is Southern's eighth solar project with Turner Renewable Energy and brings the partnership's overall solar capacity to over 320 MW.
Last month Southern Power announced the acquisition of a controlling interest (51 percent) in the 200-MW Tranquillity Solar Facility in California from Recurrent Energy, a subsidiary of Canadian Solar Inc. Recurrent Energy will retain the remaining interest in the project, which represents its first partnership with Southern Power. The Tranquillity Solar Facility is scheduled to commence commercial operations in the fourth quarter of 2016. The electricity and associated renewable energy credits (RECs) generated by the facility will be sold under a 15-year power purchase agreement (PPA) to Southern California Edison.
The Morelos del Sol Solar Facility is likely to be followed by many more solar ventures in California by Southern Power. California's landmark legislation SB 350, which was signed into law earlier this month, raises the renewables goal for California from a renewables portfolio standard (RPS) target of 33 percent renewable energy in 2020 to 50 percent in 2030.
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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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