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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

Department of Interior Approves Cape Wind Project

LCG, April 30, 2010--The U.S. Department of Interior Wednesday approved the Cape Wind offshore wind project proposed for Nantucket Sound off the coast of Massachusetts. The project developer, Cape Wind, has pursued government approval since 2001 and completed State and local permitting in 2009.

The 468-MW wind project will include 130 wind turbines and will connect to the power grid via a 66.5-mile, buried submarine transmission cable system. The project developer plans to commence construction by the end of the year.

The Department of Interior will require additional measures to minimize the potential adverse impacts, such as changing the design and configuration of the wind turbines to diminish the visual effects and to conduct additional seabed surveys to ensure submerged archaeological resources are protected. Revisions include reducing the number of turbines from 170 to 130 and moving the wind farm further from Nantucket Island. The turbines will be painted off-white to reduce contrast with the sea and sky yet remain visible to birds.

Approval for the Cape Wind project is still needed from the Federal Aviation Administration, as the turbines may interfere with tower-to-aircraft transmissions.

On March 31, Cape Wind announced that it had entered into an agreement with Siemens to supply 130 3.6-MW turbines for its offshore wind farm.
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