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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

Construction Begins on 150-MW Solar PV Project in Southern California

LCG, September 20, 2013--First Solar, Inc. announced Wednesday that construction has commenced on the 150-MW Solar Gen 2 project, located in Imperial County, California. The project is scheduled to be complete by July 2014.

San Diego Gas & Electric (SDG&E) will receive the power generated from the facility under a 25-year power purchase agreement (PPA).

The Solar Gen 2 project design calls for the installation of solar photovoltaic (PV) modules mounted on a tracking system that follows the sun across the sky to maximize power generation.

First Solar purchased the Solar Gen 2 project last April from Energy Power Partners, an affiliate of The Goldman Sachs Group, Inc.

California?s Renewable Portfolio Standard (RPS) was originally established by legislation in 2002, and subsequent amendments have led to the requirement for California?s electric utilities to have 33 percent of their retail sales served by eligible renewable energy resources in 2020 and all subsequent years. Interim targets for the utilities are 20 percent of retail sales by December 31, 2013, and 25 percent by December 31, 2016.
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