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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

DONG Energy Announces Opening of the Burbo Bank Extension Project with 8-MW Offshore Wind Turbines

LCG, May 23, 2017--The Burbo Bank Extension Project, a new offshore wind farm in Liverpool Bay, UK, opened on May 17 and became the first offshore wind farm to make commercial use of the MHI Vestas V164-8.0 MW wind turbines. The wind farm is a joint venture between DONG Energy (50%) and its partners PKA (25%) and KIRKBI A/S, parent company of the LEGO Group (25%).

The 8-MW wind turbines are massive, measuring 195 meters from sea level to blade tip. Each blade weighs 35 metric tonnes and measures 80 meters long. The maximum output for the Burbo Bank Extension Project is 258 MW.

DONG Energy's Chief Executive Officer (CEO) stated, "Burbo Bank Extension showcases the rapid innovation in the offshore wind industry. Less than ten years ago at Burbo Bank, we were the first to install Siemens 3.6-MW wind turbines and in this short time, the wind turbines have more than doubled in capacity. Pushing innovation in this way reduces the cost of electricity from offshore wind and will help to advance the offshore wind industry across the world."

The CEO of MHI Vestas stated, "The inauguration of Burbo Bank Extension represents a noteworthy milestone in the history of MHI Vestas and our stakeholders. We are extremely proud to supply 32 of our 8 MW turbines to DONG Energy and help provide renewable energy for more than 230,000 UK homes."
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