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Duke Energy Renewables to Install 200-MW Wind Project in Texas

LCG, April 12, 2019--Duke Energy Renewables, a commercial business unit of Duke Energy, yesterday announced it will build, own and operate the MesteƱo Wind Project, located in southern Texas. The power generated by the 200-MW project will be sold into the ERCOT market, and Duke Energy Renewables will enter into a long-term hedge agreement covering the majority of the expected wind energy production. Construction has commenced, and the project is scheduled for completion by year-end.

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FPL Announces Plans for 409-MW Battery Storage System

LCG, April 3, 2019--Florida Power & Light Company (FPL) recently announced a plan to build the world's largest solar-powered battery system, the Manatee Energy Storage Center, as part of a modernization plan to accelerate the retirement of two, 1970s-era natural gas generating units at FPL's neighboring Manatee Power Plant.

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Industry News

New Mexico Poised to Raise Renewable Energy Requirements to 80 Percent

LCG, March 14, 2019--The Legislature of New Mexico recently passed the Energy Transition Act, which is now expected to be signed by the Governor.

The renewable energy requirements set forth in the Energy Transition Act (Senate Bill 489) for electric distribution cooperatives and public utilities include 40 percent by January 1, 2025 and 50 percent by January 1, 2030. The legislation also includes a target to achieve a zero carbon resource (i.e., resources that emit no carbon dioxide) standard by January 1, 2050, composed of at least 80 percent renewable energy. For public utilities, the renewable energy requirements also include no less than 80 percent by January 1, 2040 and zero carbon resources shall supply 100 percent of all retail sales of electricity in New Mexico.

The Governor recently stated in an editorial, "We have a unique opportunity to transform energy in New Mexico with the Energy Transition Act. Senate Bill 489 is bold, comprehensive legislation that will establish the state as a national leader in both renewable energy and address the causes of climate change, providing a pathway for a low-carbon energy transition away from coal and providing workforce training and transition assistance to affected communities."

The legislation also includes terms to support the Public Service Company of New Mexico recoup its investments in the coal-burning San Juan Generating Station, plus funds to aid displaced workers.
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