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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
Opening Ceremony Held for the 576-MW Gwynt y Môr Offshore Wind Farm
LCG, June 19, 2015-The inauguration ceremony for the world's 2nd largest offshore wind farm, Gwynt y Môr, occurred yesterday, with an official dedication by Carwyn Jones, First Minister of Wales. The wind farm, located eight miles offshore in Liverpool Bay, includes 160 wind turbines with a combined electric generating capacity of 576 MW. The $3.3 billion wind farm investment is shared by RWE (60 percent) and its partners in Gwynt y Môr, Stadtwerke München (30 percent) and Siemens (10 percent).
Carwyn Jones, First Minister of Wales, stated, "Gwynt y Môr is a huge achievement and will continue to bring a number of benefits to the North Wales region. Local companies have been among those to benefit during construction and the site will bring high quality employment and opportunities for years to come. With young people receiving training as part of the wind turbine apprenticeship scheme at Grwp Llandrillo Menai and the courses offered at the college's Energy Centre in Llangefni, North Wales is the go-to place for those looking for a workforce skilled in the field of energy."
RWE AG's Chief Executive Officer said, "With today's inauguration we are now definitely playing in the Offshore Wind Champions League! Thanks to our German wind park Nordsee Ost, inaugurated only three weeks ago and now Gwynt y Môr offshore wind farm will become the third largest player in the European offshore market. The expansion of renewable energy is one of our main growth areas. We currently expect to invest over 1 billion Euro up to 2017 in growing renewables, with wind power at the forefront of that investment." The CEO of RWE Innogy, added, "At the end of this year 40 percent of our power generation from renewables will already come from offshore power production. Due to this increase in offshore capacity our operating result will see double-digit growth."
The Gwynt y Môr wind farm includes two offshore substations and over six miles of cables. The Siemens turbines have a capacity of 3.6 MW each, and the 160 steel monopile foundations were installed at water depths of over 90 feet. Each turbine rises approximately 500 feet above the mean sea level.
Siemens provided both turbines and sub-stations, along with financing and a 12-year Service and Warranty contract.
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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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