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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

New England Firm Plans 420 Megawatt Wind Farm

LCG, Oct. 31, 2001--Boston-based green electricity company Energy Management Inc. has announced plans to develop a 420 megawatt (nameplate capacity) wind farm off the coast of Massachusetts in Nantucket Sound.

The company said it expects to get an optimistic 34 percent operating factor out of the Cape Wind Associates project, which, if achieved, means the wind farm would be the equivalent of a 140 megawatt power plant.

According to Cape Wind President Jim Gordon, the wind farm will consist of about 150 pylon-mounted turbines on a 24-square-mile shoal in Nantucket Sound, a density of 6.25 turbines per square mile, which is fewer that the 9 per square mile many consider best for maximum generation.

The company explained that the towers would be kept a half-mile apart so as not to affect navigation by fishing and pleasure boats.

Gordon said the wind farm would save New England electricity customers tens of millions of dollars a year because "Once the turbines are built, the wind is free."

Mike Worms, a New York energy analyst, disagreed. "I don't think wind power is cheap by any stretch," he said. "If it weren't for federal subsidies, it probably wouldn't even be a viable option."

Worms was referring to a federal production tax credit that pays wind farm operators 1.7 cents per kilowatt-hour of power actually produced. That subsidy kicks in when a turbine first starts putting power on the grid and runs for 10 years, but the program is due to expire at the end of this year.

Without the tax credit, wind power would cost about 6 cents per kilowatt-hour, compared to 1.83 cents for nuclear power, 2 cents for electricity produced in coal-fired plants and 3 cents for power from gas-fueled power plants.

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