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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

Company Provides £1 Billion for UK Wind Power

LCG, Feb. 19, 2002--A company with backing from high-profile banks, insurers and law firms will provide £1 billion for wind power in the UK.

The funding would be provided by the company, Aeolus, to as many as 18 off-shore windpower installations. Among the backers are the Bank of Scotland, insurance group Marsh UK, the law firm Norton Rose, Norddeutsche Landesbank of Germany, NIB Capital Bank of the Netherlands, and consultant engineer PB Power.

A partner at Norton Rose, Andrew Newbery, said, "project finance can take years to arrange. But with Aeolus the banks have done all the risk assessments so the money can be arranged very quickly."

Projects are already foreseen by developers such as Shell, London Electricity, Powergen and Amec, and would be situated largely off England's southwestern and northeastern coasts, at an estimated cost of £1.6 billion.

The government wants windpower to account for 3 percent of generation by early 2003. The full capacity of 18 planned windfarms would be 1,600 megawatts.
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