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Austin Energy Adds 500-MW of Wind Power to Its Portfolio

LCG, May 19, 2015-Austin Energy recently announced that it has added two commercial wind plants to its portfolio late last month. The addition of the Los Vientos III and Jumbo Road wind farms add approximately 500 MW of generating capacity, increasing Austin Energy's wind portfolio to 1,340 MW of installed wind energy capacity. Austin Energy's wind power will now account for approximately ten percent of the installed wind capacity in the Electric Reliability Council of Texas (ERCOT) system.

Hawaii Poised to Become First State with 100 Percent Renewables Goal by 2045

LCG, May 12, 2015-The State of Hawaii is poised to become the first state in the country to pass legislation to set achieve a one hundred percent renewable energy portfolio standard by 2045. The legislation, House Bill 623, passed last week and now awaits the governor's signature.

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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