Entergy Announces Agreement to Sell Gas-fired Power Plant in New England

LCG, October 9, 2015-Entergy Corp. yesterday announced that its wholesale generation division, Entergy Wholesale Commodities, has entered into an agreement to sell its 583-MW Rhode Island State Energy Center to Carlyle Power Partners. The base sales price is approximately $490 million, subject to closing adjustments. The transaction is expected to close by the end of this year.

Xcel Energy Proposes Accelerating Retirement of Coal-fired Electric Generating Units in Minnesota

LCG, October 7, 2015-Xcel Energy announced on October 2 its proposal to accelerate the company's transition from coal-fired electric generation resources to generating resources with less carbon emissions by retiring two, coal-fired units at its Sherburne County Generating Plant (Sherco) in Becker, Minnesota

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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