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DOE Issues Final Loan Guarantees for Vogtle Nuclear Power Project

LCG, June 25, 2015-The Department of Energy (DOE) announced yesterday that it will issue $1.8 billion in loan guarantees to three subsidiaries of the Municipal Electric Authority of Georgia (MEAG Power) to support the construction of two advanced nuclear reactors at the Alvin W. Vogtle Electric Generating Plant, located in Georgia near the South Carolina border. The new units, Units 3 and 4, are expected to commence operations in 2019 and 2020, respectively.

Opening Ceremony Held for the 576-MW Gwynt y Môr Offshore Wind Farm

LCG, June 19, 2015-The inauguration ceremony for the world's 2nd largest offshore wind farm, Gwynt y Môr, occurred yesterday, with an official dedication by Carwyn Jones, First Minister of Wales. The wind farm, located eight miles offshore in Liverpool Bay, includes 160 wind turbines with a combined electric generating capacity of 576 MW. The $3.3 billion wind farm investment is shared by RWE (60 percent) and its partners in Gwynt y M?r, Stadtwerke M?nchen (30 percent) and Siemens (10 percent).

Industry News

GE to Construct Hybrid Renewable Power Plant in Turkey

LCG, June 8, 2011--GE Energy (GE) announced that Turkey's MetCap Energy Investments selected GE's hybrid renewable-natural gas, combined cycle design for a 530-MW plant scheduled to commence operations in 2015. The energy facility will include wind turbines with a generating capacity of 22 MW, along with 50 MW of solar-thermal technology. The project site is in south central Turkey.

The solar thermal power system will be created by eSolar. GE announced on Monday that it would invest in eSolar to supply the solar portion of the system and that it would have licensing rights to sell and develop stand-alone solar thermal or hybrid power plants globally, using eSolar's technology.

eSolar employs a concentrated solar power (CSP) design. A field of sun-tracking, dual-axis heliostats reflects solar energy on a thermal receiver mounted atop a central power tower. The energy is used to create steam. In this hybrid design, the solar steam supplements the steam supply created from the gas-fired, combustion turbines. The high-pressure steam in turn drives the steam turbine to generate power.

Conceptually, the hybrid design adds solar power at a low incremental cost relative to building a stand-alone solar thermal power plant, as the incremental cost (above a stand-alone gas-fired combined cycle plant) is roughly the cost of the heliostats and power tower.



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