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Mississippi Power Proceeds with Another Solar PV Project

LCG, April 28, 2016--Southern Company subsidiary Mississippi Power and Silicon Ranch Corporation held a groundbreaking ceremony for the state's largest solar farm yesterday in Hattiesburg. The 50-MW solar PV project is estimated to cost $100 million and is scheduled to commence operations by early 2017.

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ESC Files Application with FERC for the Empire State Connector "HVDC" Transmission Project

LCG, April 27, 2016--Empire State Connector Corp. (ESC) announced yesterday that it has filed an application with the Federal Energy Regulatory Commission (FERC) for authority to negotiate agreements with customers for transmission service on a 260-mile long high voltage direct current (HVDC) electric transmission line designed to deliver 1,000 MW of energy and capacity directly into New York City from generating sources located in upstate New York. ESC has assumed the full market risk for the $1.5 billion construction cost so at to cause no negative impact on ratepayers. The project is scheduled to be in-service in 2021.

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Industry News

DOE Offers Loan Guarantee to Solyndra Inc for New PV Manufacturing Plant

LCG, March 23, 2009--The U.S. Department of Energy (DOE) announced Friday that it will provide a $535 million loan guarantee to Solyndra Inc, to build a commercial scale facility to manufacture solar photovoltaic (PV) panels that employ a novel, cylindrical design for installation on flat roofs.

The loan guarantee is designed to address nearly three quarters of the project costs. The targeted output of PV panels for the new manufacturing plant is 500 MW per year. Construction is scheduled to start at the end of 2009, with panel production commencing in late 2010 or early 2011, assuming the loan and related conditions are accepted.

DOE Secretary Steven Chu stated,"This investment is part of President Obama's aggressive strategy to put Americans back to work and reduce our dependence on foreign oil by developing clean, renewable sources of energy."

Solyndra's panels use thin-film technology and cylindrical modules that are designed to receive sunlight across a 360-degree surface and convert direct, diffuse and reflected sunlight into power.
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