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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

Alstom and LM Wind Power Pursue Joint Development of Offshore Wind Turbines

LCG, February 9, 2011--Alstom and LM Wind Power this week announced plans to jointly develop the world's longest wind turbine blades for offshore wind turbines. LM Wind Power's new blade will be designed for use with Alstom's new, 6-MW offshore wind turbine, with the goal being to reduce the cost of offshore wind power.

The prototype blades will be manufactured with relatively lighter glass fiber and polyester materials at LM Wind Power's Danish factory in Lunderskov, with plans for installation at Alstom prototype sites in Europe next winter. According to LM Wind Power, the longest blade currently in serial production is LM Wind Power's LM 61.5P blade, with a rotor diameter of 126 meters.

Alstom will develop two prototype turbines, with the first design installed in 2011 and the second in 2012. A pre-series model will be installed in 2013, with commercial series production scheduled to commence in 2014. The turbine will employ a permanent magnet direct drive system in which the hub of the turbine rotor is directly connected to the generator, thereby eliminating the use of a mechanical gearbox coupled to the generator. The design objective is a compact, lightweight machine with lower service costs and improved operating efficiency.

Offshore wind development is growing at a rapid pace in Europe. Last month, the European Wind Energy Association (EWEA) released information that a total of 883 MW of new capacity was installed in 2010 at nine wind farms in five countries, thereby increasing the European offshore total to 2,964 MW. The United Kingdom leads Europe, with a total installed offshore wind capacity of 1,341 MW, or nearly half of the offshore capacity.

EWEA's Chief Executive stated, "With over 50% percent market growth, 2010 sets a new record for European offshore wind energy. Meanwhile, the 29 new offshore turbine models announced during 2010 show a growing commitment to the offshore wind energy sector by large, global industrial players, offering a real boost for Europe?s economy, its efforts to tackle climate change, create green jobs and exports while reducing our dependence on imported fuel."
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