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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

LADWP Board Approves Wind Agreement with PPM

LCG, June 8, 2006--The Los Angeles Department of Water and Power (LADWP) Board of Water and Power Commissioners Tuesday approved a long-term agreement with PPM Energy, Inc. (PPM) to purchase 82 MW of wind power annually over the next 16 years.

The energy will be generated at the Pleasant Valley Wind Energy Center, located in Uinta County, Wyoming. LADWP has agreed to pay a fixed amount of $63/megawatt-hour for the term of the agreement, and LADWP estimates that the energy delivered will cost between $236 million and $280 million over the term of the agreement. Power deliveries are to commence July 1, pending approval by the City Council.

The City of Los Angeles has a goal of achieving 20 percent renewables by 2010, and the new agreement will increase the City's renewable energy supply portfolio to about 6.5 percent renewable energy. Two additional renewable wind energy agreements with PPM are expected to be presented for Board and City Council approval in the near future, according to LADWP. These two projects will increase the City?s renewable energy portfolio by another 1.2 percent.

Last November, the LADWP Board approved a deal to acquire the Pine Tree Wind Project located in Kern County, California. The Pine Tree Wind Project, with an electric generating capacity of 120 MW, will be the largest wind farm owned by a municipality in the country. The project will consist of 80, 1.5-MW wind turbines to be provided by GE Energy. The Pine Tree Wind Project will be located about 12 miles north of Mojave, California. The current project schedule is to commence operations in late 2007.



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