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Invenergy Announces New Agreements with Meta for Renewable Energy to Support Data Center Operations

LCG, June 26, 2025--Invenergy today announced that they and Meta Platforms, Inc. have signed four new clean energy agreements that total an additional 791 MW of procured solar and wind capacity to support Meta's near-term operations, data center growth, and clean energy goals.

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New York Power Authority to Develop New Nuclear Facility in Upstate New York

LCG, June 23, 2025--The Governor of New York today directed the New York Power Authority (NYPA) to develop and construct an advanced nuclear power plant in upstate New York to deliver zero-emission power that supports a reliable and affordable electric grid. NYPA will lead the effort to develop at least one new nuclear energy facility with a combined capacity of at least one gigawatt (GW) of electricity, either alone or in partnership with private entities. The directive builds on the Governor’s 2025 State of the State to develop nuclear energy plans in New York.

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Industry News

Bulgaria Inks $1.4 Billion Contracts with Entergy, AES

LCG, June 13, 2001Bulgaria's reform government yesterday signed as expected $1.4 billion worth of electric power deals with two U.S. companies, AES Corp. and Entergy Corp. The signing is seen as bolstering the government's position in elections scheduled for this weekend.

Ivan Shilyashki, head of Bulgaria's energy agency, said "The large-scale investment of $1.4 billion is significant for Bulgaria's power industry." It is also significant for the incumbent government, as it is expected to create new jobs, improve the country's energy output and significantly reduce pollution.

Both projects are located in Bulgaria's Maritsa region, a lignite coal mining area. Lignite, also known as brown coal, is something between peat and bituminous coal, and presents a significant environmental challenge.

The project between Bulgaria's National Electricity Company and AES Corp. calls for a $900 million investment in a new 670 megawatt lignite-fueled power plant in the Maritsa East One area, replacing an old plant of smaller capacity.

Construction on the AES plant could begin late this year or in early 2002, according to Richard Mardon, who heads the company's operations in Central and Eastern Europe. The new facility is expected to provide 11 percent of Bulgaria's electricity.

The Entergy contract, also with the national Electricity Company, calls for a $470 million investment to upgrade and operate an existing 840 megawatt plant at Maritsa East Three. That project is expected to get underway later this year.

Geoffrey Roberts, chief executive of Entergy Wholesale Operations, said the project will improve reliability, add 20 years to the life of the plant and "preserve critical jobs in the region surrounding the plant and provide Bulgaria with a competitive source of electricity."

He called the project "one of the largest environment control efforts in all of Europe," and said it would cut emissions of sulphur gases and other pollutants by 90 percent at the plant.

Mardon said "We believe the two projects will attract significant amount of foreign investment into the country and also will provide significant environmental benefits."

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