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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

First Wind Obtains Financing for Kawailoa Wind Project in Hawaii

LCG, March 21, 2012--First Wind yesterday announced that it has obtained $236 million in financing for the 69-MW Kawailoa Wind Project on Oahu's North Shore. The project, scheduled to deliver power to the grid in November, will be the largest wind farm in Hawaii. The project developer, First Wind, has a twenty-year power purchase agreement (PPA) with Hawaiian Electric Company (HECO) for the power generated from the wind farm.

First Wind announced that a subsidiary closed a $220 million non-recourse construction and term loan and $16 million in letters of credit for the Kawailoa project. Union Bank served as Administrative Agent and Joint Lead Arranger; other Joint Lead Arrangers include Bayern LB, Rabobank and Siemens Financial Services. CIBC and CoBank also participated in the financing.

The Kawailoa Wind Project includes thirty, 2.3-MW Siemens wind turbines that will be installed on Kamehameha Schools' Kawailoa Plantation. The construction groundbreaking ceremony occurred late last month, and delivery and erection of the turbines is scheduled to begin this summer.

In December 2011, the Hawaii Public Utilities Commission approved the PPA between First Wind and HECO. Hawaii?s renewable portfolio standard (RPS), which was modified by legislation passed in 2009, now requires renewable electrical energy generation from utilities to rise to 40% by 2030.
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