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New York Issues Offshore Wind Solicitation

LCG, November 9, 2018--The Governor of New York yesterday announced a solicitation for 800 MW or more of new offshore wind projects to supply renewable energy to New York to combat climate change. The New York State Energy Research and Development Authority (NYSERDA) issued the Request for Proposals (RFP), which is the first key step in New York's plan to install 2,400 MW of offshore wind projects by 2030.

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Xcel Energy to Acquire Mankato Energy Center from Southern Power

LCG, November 8, 2018--Xcel Energy and Southern Power, a subsidiary of Southern Company, earlier this week announced an agreement for Southern Power to sell the Mankato Energy Center to Xcel Energy for $650 million. The completion of the sale, subject to regulatory approval and other closing conditions, is expected to be mid-2019.

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Industry News

Walmart and EDPR Announce PPAs for 233 MW of Wind Energy

LCG, October 18, 2018--Walmart and EDP Renewables (EDPR) announced Tuesday three power purchase agreements (PPA) for electricity generated from three utility-scale wind farms that will be developed, owned and operated by EDPR. The total electric generating capacity from the three new projects to be installed in Illinois and Indiana is 233 MW.

Walmart's Vice President of Energy stated, "Walmart has a goal to be supplied by 100 percent renewable energy and sourcing energy from wind farms developed by partners like EDP Renewables is a core component in the mix. Wind energy is an important part of our energy portfolio, and Walmart plans to continue our efforts to pursue renewable energy projects that are right for our customers, our business, and the environment."

The CEO of EDP Renewables North America said, "The declining cost of renewable power has led to an increase in clean energy procurement from companies like Walmart in recent years. The continued commitment from corporate entities in procuring renewable energy speaks volumes about the importance and value of securing fixed, competitive pricing over the long-term. EDP Renewables appreciates its partnership with Walmart and commends the company in its efforts to source all of its energy from renewable sources."

The Bright Stalk Wind Farm will provide 123 MW of capacity. The wind farm is a 205 MW project in McLean County, Illinois, scheduled to commence operations in 2019; this PPA is a part of the announcement EDPR issued on July 3, 2018.

The second project is the Headwaters II Wind Farm that will provide 60 MW of capacity. This wind farm is a 200 MW project in Randolph County, Indiana, with operations expected to start in 2020. This PPA is a part of the announcement EDPR also issued on July 3, 2018.

The third project is the Harvest Ridge Wind Farm, formerly Broadlands Wind Farm, which will provide 50 MW. The project is a 200 MW project in Douglas County, Illinois, with operations expected to start in 2019. This PPA is a part of the announcement EDPR issued on May 10, 2018.

EDPR currently operates 797 MW of wind energy projects in Illinois and 801 MW of wind energy projects in Indiana.
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