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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

Evergreen Applies for Permits for Maine Wind Farm

LCG, Jan. 28, 2004--Following its testing of various potential locations for a wind farm, Evergreen Wind Power LLC applied for the right to construct thirty-three turbines on Mars Hill Mountain in Maine's Aroostook County, Bangor Daily News reports.

The town of Mars Hill was listed as a co-applicant on the project, which Evergreen anticipates could begin producing output by November 2004. If the 1.5-megawatt turbines are built, Evergreen would pay $100,000 per year in rent to landowners. Tax revenue paid to the town could double. A possible stumbling block is the yet-to-be-decided reauthorization of a federal tax credit for wind energy. Without the credit, funding for the project from Fortis Capital Corp. would likely dry up.

If the wind project at Mars Hill is built, Evergreen would consider following it up with other installations. Of those locations that have been tested for wind speeds, Mars Hill was found to offer the best site.
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