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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

Enel Green Power and Anheuser-Busch Announce PPA for Oklahoma Wind Project

LCG, September 15, 2017--Anheuser-Busch and Enel Green Power (EGP), the Enel Group's renewables division, announced Wednesday that they have signed a power purchase agreement (PPA) for the energy delivered to the grid and renewable electricity credits (RECs) from a portion of EGP's Thunder Ranch Wind Project. Anheuser-Busch share of the project will be 152.5 MW.

The Thunder Ranch Wind Project is located in Garfield, Kay and Noble counties, Oklahoma. The project will be built in two phases that total 298 MW of electric generating capacity. Project construction began in May, and operations are scheduled to commence by the end of this year. The total estimated project cost is $435 million.

Anheuser-Busch's parent company, AB InBev, joined RE100 and has pledged to secure 100 percent of its purchased electricity from renewable resources by 2025. The wind energy partnership between EGP and Anheuser-Busch will be the beer company's first contracted utility-scale project to start operations in the world.

The president and CEO of Anheuser-Busch stated, "As we strive to bring people together to build a better world, we at Anheuser-Busch are dedicated to reducing our carbon emissions. Helping to grow the renewable energy market is not only good for the environment, it is a strategic business move as we strive for long-term sustainability. Now more than ever, we are excited to lead our company's global effort toward a renewable future and, partnering with Enel, set an industry example of how major companies can help to make a difference in climate change."
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