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APA Vice President Mark Yates Joins JR/Now Webinar to Discuss Energy Impacts of Recent Winter Storms

Advanced Power Alliance Vice President Mark Yates joined other Oklahoma energy experts to discuss recent winter storms that affected energy supplies across the United States and plunged portions of Texas into blackouts due to frozen natural gas supplies and faltering power supplies.

In the wake of the blackouts, it is becoming apparent that a vicious cycle doomed the Texas electric system to suffer “rolling blackouts” which, for most consumers, did not roll but instead lasted for up to several days.

While every generator of electricity suffered from icing equipment and frigid temperatures, thermal generation in the state was particularly hard hit. Fuel shortages limited the availability of power which necessitated power cutoffs of power to areas of the state. Some of these inappropriately included critical natural gas production, processing, and distribution systems. This exacerbated the crisis by further limiting fuel supplies and reducing power production.

Energy experts discuss the road to the future in protecting the electrical system during Friday's JR/Now webinar. (JR Screenshot)

Speaking at the JR/Now webinar hosted by The Journal Record, Yates said, “For the first time the general public is beginning to realize through this storm the interdependency of our energy system. This event has really elevated the grid, which is a very complicated system. This storm showed how fragile the system can be. And frankly the further south you get in the region we’re not as prepared for long stints of this extreme type of weather. It put a strain on all forms of generation of fuel supply. It really showed across the energy system just how fragile it can be in these extreme temperatures.”

Oklahoma faced 270 hours of below freezing temperatures, straining states designed to weather the region’s brutal summer heat. Yates praised Oklahoma’s energy diversity, and superb management of the regional grid by the Southwest Power Pool (SPP). Hs also noted that Oklahoma’s complementary use of natural gas, renewables, and other sources was paying off in affordability and reliability, “That all-of-the-above approach is the right one.”

Read more about the JR/Now Event on The Journal Record website: https://journalrecord.com/2021/02/26/avoiding-the-next-energy-crisis/

APA and Conservative Texans for Energy Innovation (CTEI) Host Forum of Experts on Texas Blackouts

In response to the unprecedented 254 county weather emergency in Texas and the subsequent loss of power to millions of Texans, The Advanced Power Alliance and Conservative Texans for Energy Innovation today hosted a forum of energy experts to assess two very important questions: What went wrong in Texas and what should we do about it?

Moderated by APA President Jeff Clark, the panel discussion featured names well known to viewers of cable news or readers of the world’s leading newspapers. Energy experts Alison Silverstein, Dr. Dan Cohan, Dr. Joshua Rhodes, and Michael Jewell offered observations on the interconnected causes of the energy crisis, and thoughts on ways Texas can avoid experiencing an event of this kind in the future.

Those interested in viewing the event can do so via the APA YouTube channel or here.

Statement: Texas Should Lead On Energy, Not Politicize ERCOT’s Winter Freeze

Statement from Jeff Clark, President of the Advanced Power Alliance:

The extraordinary storm we’ve endured this week is the winter storm of the century, and the widespread power outages it triggered are a tragedy that has touched us all. Every type of power generator has been affected — and every segment is working diligently to restore power and return life back to normal. 

That’s why efforts by some to demonize wind and solar energy are so damaging and counterproductive, especially here in the energy capital of the world. We cannot allow this storm to be politicized or to let narrow, special interests pit our Texas energy resources against one another. As our organization has advocated for years, Texas succeeds when we leverage all of our energy resources to deliver cleaner, cheaper, Texas-made power to consumers. 

From the wellhead to the power plant, our system this week suffered catastrophic damage from a cold weather event beyond what our state had contemplated and planned for. From renewables like wind and solar to thermal power plants running on natural gas and coal, every generator was impacted.

A portion of the state’s wind fleet, which was already anticipated to be a small part of the power supply during this time, was hindered by ice. More significantly, the storm wreaked havoc on thermal generators such as natural gas and coal plants, which froze under brutal arctic conditions and saw their fuel supplies constrained as prices for power and fuel soared. Roughly 40 percent of the state’s generation capacity has been offline because of weather at some point.

With so many Texans now suffering, we all need to understand this reality and should not be diverted by false claims that seek to blame only one energy segment. I am pleased the Legislature will be holding hearings to examine the data.

Moving forward, we must also consider innovative policy solutions that would have averted this disaster, and the costs we’re willing to pay for them. That means planning for worsening storms, increasing transmission capacity, hardening our systems to withstand increasingly inclement weather, and ensuring that “rolling blackouts” — which should always be a last resort — are actually able to roll between neighborhoods. 

It also means coming together to create a system that is reliable and affordable, and that fortifies Texas’ energy leadership, with expanded wind capacity, and continued reliance on natural gas and other forms of energy.

I and the Advanced Power Alliance remain committed to an energy system that leverages the best attributes of Texas’ energy resources to deliver cleaner, cheaper, reliable power to consumers. As we face the reality of this week’s storm, it’s time to work together to honestly assess the data and fix the systems that failed us.

About the APA: The Advanced Power Alliance is the industry trade association created to promote the development of wind and solar energy, along with natural gas, as clean, reliable, affordable, and infinite sources of power. The Alliance is the advanced power industry’s voice within the fourteen states that comprise the Electric Reliability Council of Texas (ERCOT) and Southwest Power Pool (SPP) systems, including portions of Arkansas, Iowa, Kansas, Louisiana, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota, Texas and Wyoming.

Boiling Springs starts Commercial Operation as RWE US First Onshore Wind Farm in Oklahoma

  • Completion of 148-megawatt project expands RWE U.S. onshore wind capacity 
  • Offtake secured with American Honda Motor Co., Inc. for 120 megawatts 
  • First RWE project in state and Southwest Power Pool is 26th U.S. wind farm for company 

The RWE Renewables portfolio in North America continues to expand as Boiling Springs, a 148-megawatt (MW) project, located in Woodward County, Okla., has achieved commercial operation. The facility is RWE’s first project in Oklahoma and in the Southwest Power Pool. 

It is powered by 60 GE turbines, a mix of GE127-2.82 MW and GE 116-2.3 MW generators. Boiling Springs came online in late December after posting an impressive work safety record of no lost time incidents. 

 “Under very challenging conditions, our teams have delivered this project with outstanding dedication to our business goals while continuing to prioritize health and safety. This milestone, of our 26th onshore wind farm in the U.S., further proves our track record in the development, construction and operation of high-quality generation assets in North America—one of our focus markets.” 

Silvia Ortin
COO Onshore Wind and Solar PV Americas
RWE Renewables 

“Under very challenging conditions, our teams have delivered this project with outstanding dedication to our business goals while continuing to prioritize health and safety. This milestone, of our 26th onshore wind farm in the U.S., further proves our track record in the development, construction and operation of high-quality generation assets in North America—one of our focus markets.” 

“After several years of development, we are thrilled to see this project fully operational in the Southwest Power Pool (SPP), a new market for us,” said Silvia Ortin, Chief Operating Officer North America. “SPP is a highly-attractive market with considerable potential for working with new customers in the corporate, industrial and utility segments. As always, we appreciate the local support from the community and our landowners to help us bring Boiling Springs from development through construction and now to successful operation.” 

RWE announced, in September 2019, Boiling Springs signed an agreement with American Honda Motor Co., Inc., for offtake as part of one of the largest-ever renewable energy purchases by the automotive industry. Under the terms of the Virtual Power Purchase Agreement (VPPA), Honda has contracted for 120 MW of the power and renewable attributes from the 148 MW Boiling Springs Wind Farm. 

North America is one of the focus markets of RWE, with a strong development pipeline in the renewables business. The installed capacity in the U.S. accounts for more than one third of the Group´s renewables capacity. As one of the largest renewables players worldwide RWE plans a net global investment of €5 billion from 2020 through 2022. Project partnerships have the potential to increase this expenditure considerably to € 8 – 9 billion. 

RWE constructs, owns and operates some of the highest performing wind, solar and energy storage projects in the U.S. As an established leader in renewables, RWE has recently entered into a joint venture, New England Aqua Ventus, focused on floating offshore wind in the state of Maine. 

For more information, go to americas.rwe.com

Halliburton Delivers First Successful Grid-Powered Fracturing Operation

Halliburton Company (NYSE: HAL) today announced it has successfully deployed the industry’s first electric grid-powered fracturing operation. The job, being performed on several pads for Cimarex Energy Co. (NYSE: XEC) in the Permian basin, started in November. To date, Halliburton has completed almost 340 stages across multiple wells using utility-powered electric frac pumps that demonstrated consistent superior performance.

Grid-powered electric fracturing offers an alternative path to achieving the lowest emissions profile possible compared to both turbines and Tier 4 dual fuel engines. Grid-powered electric fracturing also offers additional operational reliability and requires a lower capital outlay compared to turbines. Delivering a grid-powered fracturing solution is an example of Halliburton’s commitment to leading in the energy transition by helping customers achieve lower emissions.

Cimarex Vice President – Permian Business Unit, Michael DeShazer, said, “Cimarex has focused its infrastructure investment on creating operational efficiencies and reducing emissions including ownership of the electrical grid on our Culberson and Reeves County acreage. These investments are enhanced by Halliburton’s grid-powered fracturing operation. We look forward to the continued development of this technology with Halliburton across Cimarex’s assets.”

Halliburton’s electric-powered equipment is engineered to utilize the maximum power potential from the grid, allowing the customer to achieve pumping performance of 30 to 40 percent higher than with conventional equipment.

“Electric fracturing aligns with our goal to provide the industry with lower-carbon intensive solutions and our commitment to a sustainable energy future,” said Michael Segura, vice president of Production Enhancement for Halliburton. “With Halliburton’s leading electric fracturing capabilities, coupled with an innovative operator like Cimarex, grid power can offer one of the most effective and capital efficient solutions for electric fracturing.”

ABOUT HALLIBURTON
Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the energy industry. With more than 40,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the Company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

Canadian Solar Subsidiary Recurrent Energy Completes Sale of 144 MWac Pflugerville Solar Project in Travis County, Texas to Duke Energy Renewables

Project Will Provide Low Cost Solar Power to Austin Energy Customers.

Canadian Solar Inc. (“Canadian Solar”) (NASDAQ: CSIQ) today announced that its wholly-owned subsidiary, Recurrent Energy, completed the sale of the 144 MWac Pflugerville Solar project to Duke Energy Renewables, a subsidiary of Duke Energy (NYSE: DUK). The project is under construction in Travis County, Texas and is expected to achieve commercial operation in mid-2021. The energy generated from the Pflugerville Solar project will be sold to Austin Energy under a 15-year power purchase agreement (PPA). 

This is the fifth utility-scale project that Duke Energy Renewables has acquired from Recurrent Energy, including the Rambler Solar project in Texas, which reached commercial operation in 2020.

“This sale to Duke Energy Renewables is another milestone that demonstrates Recurrent Energy’s leadership position in the United States, where we currently have more than 5,700 MWac of solar projects under construction and in development,” said Shawn Qu, Chairman and CEO of Canadian Solar. “The execution and sales process for this project was disrupted due to the COVID pandemic. However, we were nimble and quickly secured the financing to start construction and close the sale on time. To complete this transaction in 2020 is quite an achievement and I thank our teams and partners for their dedication and hard work.”

Dr. Qu added, “We have a long-standing relationship with Duke Energy Renewables and are pleased that they have become the new owners of Pflugerville Solar, as it is a landmark project that will power local homes in the Austin area, supporting the clean energy transition as the Lone Star State continues to diversify its energy mix.”

“We’re excited to add this terrific project to our growing Texas solar portfolio to meet the increasing demand for power in the state and support our longstanding relationship with Austin Energy,” said Chris Fallon, president of Duke Energy Renewables. “In addition to providing Austin Energy’s customers with low-cost clean energy, this project will also bring significant economic benefits to the state.”

Austin Energy, the City of Austin’s electric utility, serves more than 500,000 customer accounts and more than one million residents in Greater Austin. This PPA supports Austin Energy’s renewable energy goals, which commit the utility to achieve at least 55 percent renewable energy by 2025, and 65 percent renewable energy by the end of 2027. The project also supports Duke Energy’s goals of doubling its renewable energy resources by the end of 2025.

“We currently meet 63 percent of our customers’ energy needs with carbon-free resources,” said Austin Energy General Manager Jackie Sargent. “Adding the Pflugerville Solar project to our portfolio will bring us closer to meeting our affordability and climate protection goals adopted by the Austin City Council and championed by our customers.”

The 144 MWac Pflugerville Solar Project, will generate enough energy to power approximately 27,000 homes. The power plant will utilize approximately 489,600 pieces of Canadian Solar’s high efficiency bifacial BiKu modules across 932 acres in Travis County, Texas. The engineering and construction for the project is being performed by Signal Energy. To support the construction of the project, in August, Recurrent Energy closed debt and tax equity financing totaling over $234 million. The tax equity financing was provided by U.S. Bank and the debt financing was provided by a bank club led by CIT Bank, which included Norddeutsche Landesbank (“Nord/LB”), Rabobank, and Zions Bank. Duke Energy Renewables will provide the long-term operations and maintenance services to the project. 

The project is expected to employ 350 workers at peak construction, with at least 50% of those construction jobs expected to be filled by local skilled tradesmen from the Travis County area. Along with indirect economic benefits that accompany solar project development, such as increased local spending in the service and construction industries, Pflugerville Solar will also have a positive economic impact on the local community by providing significant tax revenues for Travis County and the Elgin Independent School District.

As one of the nation’s top renewable energy providers, Duke Energy plans to double its enterprise-wide renewable portfolio from 8 GW to 16 GW by the end of 2025.

About Canadian Solar Inc.  
Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 19 years, Canadian Solar has successfully delivered over 49 GW of premium-quality, solar photovoltaic modules to customers in over 150 countries. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 5.6 GWp in over 20 countries across the world. Currently, the Company has over 500 MWp of projects in operation, over 5 GWp of projects under construction or in backlog (late-stage), and an additional 11 GWp of projects in pipeline (mid- to early- stage). Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

About Recurrent Energy  
Recurrent Energy is a leading utility-scale solar and storage project developer, delivering competitive, clean electricity to large energy buyers. Based in the U.S., Recurrent Energy is a wholly owned subsidiary of Canadian Solar Inc. and functions as Canadian Solar’s U.S. project development arm. Recurrent Energy has approximately 5 GW of solar and storage projects in development in the U.S. Additional details are available at www.recurrentenergy.com.   

About Duke Energy Renewables
Duke Energy Renewables, a nonregulated unit of Duke Energy, operates wind and solar generation facilities across the U.S., with a total electric capacity of 3,000 megawatts. Duke Energy is one of the 
nation’s top renewable energy providers – on track to own or purchase 8,000 megawatts of wind, solar and biomass energy by 2020. The power is sold to electric utilities, electric cooperatives, municipalities, and commercial and industrial customers. The unit also operates energy storage and microgrid projects. Visit Duke Energy Renewables for more information. 

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, in addition to Duke Energy Renewables’ capacity.

Duke Energy was named to Fortune’s 2019 “World’s Most Admired Companies” list, and Forbes’ 2019 “America’s Best Employers” list. More information about the company is available at duke-energy.com. The Duke Energy News Centercontains news releases, fact sheets, photos, videos and other materials. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on TwitterLinkedInInstagramand Facebook.     

About Austin Energy 
Customer Driven. Community Focused. 
Austin Energy, the City of Austin’s electric utility, lights a brighter future for more than 500,000 customer accounts and more than one million residents in Greater Austin. The utility’s commitment to providing value powers the community and the innovation and culture that has made Austin a destination city. Austin Energy has powered the community for 125 years, delivering safe, affordable, reliable energy and excellent customer service. The publicly owned utility will continue to shine a light into the future. For more information about Austin Energy, visit austinenergy.com.

Safe Harbor/Forward-Looking Statements  
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “believes,” “expects,” “anticipates,” “intends,” “estimates,” the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., Indiaand China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; delays in the process of qualifying to list the MSS subsidiary in the PRC; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company’s SEC filings, including its annual report on Form 20-F filed on April 28, 2020. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

Global Infrastructure Partners Announces Acquisition Of MAP Energy’s Renewable Energy Business

Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor, today announced the acquisition of MAP® RE/ES, the renewable energy business of MAP® Energy (MAP®).  GIP’s fourth flagship fund, GIP IV, will acquire 100% of the MAP® RE/ES investment platform, team, and renewable energy assets under management from MAP®, a private fund manager and energy investor.  The assets include a portfolio of producing royalty interests across more than 16,000 MW of operating wind and solar projects in the United States, as well as a nationwide development pipeline managed through joint ventures with leading national and regional development partners.  The MAP® RE/ES business will continue to be led by its existing investment team. 

This transaction expands on GIP’s global renewables investment strategy, which has a proven track record of value creation.  GIP’s current portfolio includes approximately $9 billion of equity investments and commitments in the sector, and ownership interests in over 10 GW of operating renewable assets and over 65 GW under construction or in development.

Adebayo Ogunlesi, Chairman and Managing Partner of GIP, said, “We are excited to announce the acquisition of MAP’s world-class renewables business.  MAP® RE/ES has been one of the most successful investors in U.S. renewables and has created an attractive, extremely diversified portfolio that includes exceptionally high-quality operating cash flow from the royalty interests and the opportunity to invest additional capital in a leading development pipeline.  We look forward to working with the team that built this highly successful business.”

Aaron Zubaty, CEO of MAP® RE/ES, added: “Partnering with a global leader in infrastructure investing that also shares our values and philosophy is a rare opportunity.  Our team is delighted to collaborate with GIP to advance more than 15 years of work to date as we continue the meticulous management and growth of our assets.”   

About Global Infrastructure Partners
Global Infrastructure Partners (“GIP”) is an independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. GIP targets investments in the energy, transport and water/waste sectors in both OECD and select emerging market countries. GIP’s teams are located in 10 offices: London, New York, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. GIP’s credit platform (“GIP Credit”) provides financing solutions and makes debt and non-common equity investments in infrastructure assets and companies. For more information, visit www.global-infra.com

About MAP® Energy, LLC
MAP® Energy (MAP®) is one of the longest-standing private energy investment firms in the U.S.  Founded in 1987, MAP® manages a $1.4 billion portfolio of U.S. natural gas royalty investments and since 2005 has been an innovative investor in renewable energy projects, including the invention of the renewable energy royalty structure that has now become an industry standard.  MAP® RE/ES has directly funded the development of more than 16,000 MW of operating wind and solar generating capacity located across the United States. More information is available at www.map-energy.com.

Ameren Missouri Takes Largest Step Yet Toward Net-Zero Carbon Goal With Acquisition of its First Wind Energy Center in Northeast Missouri

Customers now receiving more clean energy than ever before.

Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), has closed on the acquisition of the company’s first wind energy center, a 400-megawatt (MW) project in northeast Missouri. The purchase of the High Prairie Renewable Energy Center in Adair and Schuyler counties is the first of two planned investments in Missouri-based wind generation, which will add 700 MW of clean energy to the grid.

“This is just the beginning, as Ameren Missouri lays the foundation for a transformational advancement toward more renewable wind and solar generation in the coming years, cutting carbon emissions and driving job creation and economic growth,” said Marty Lyons, chairman and president of Ameren Missouri. “Ameren Missouri is committed to clean. Expanding Missouri-based wind energy generation helps us move toward our goal of net-zero carbon emissions by 2050.” 

The High Prairie Renewable Energy Center is the first of many renewable energy additions anticipated by Ameren Missouri. The company recently released plans to invest approximately $4.5 billion in 3,100 MW of renewable generation by 2030. This includes $1.2 billion for the planned acquisitions of this energy center and a 300 MW energy center in Atchison County, Missouri. 

“All of our customers, no matter where they live, are benefitting from additional clean energy on the grid as a result of this acquisition,” said Ajay Arora, chief renewable development officer at Ameren Missouri. “These turbines use some of the latest technology that harnesses more wind at an affordable price. It’s also very gratifying to see this project built in our state, where families will receive a host of economic benefits for years to come.”

The wind facility was constructed by an affiliate of Terra-Gen LLC. The energy center consists of 175 wind turbines that are among the most technologically advanced in the state. Ameren Missouri anticipates the energy center will produce enough energy to power the equivalent of 120,000 homes in 2021.

“It’s exciting to see how northeast Missouri is making a major contribution to providing cleaner energy for the entire state,” said Carolyn Chrisman, executive director of Kirksville Regional Economic Development (K-REDI). “Besides providing sustainable energy, it is helping to grow the economy of our region from not only construction jobs, but ongoing operations that will provide long term good paying jobs for many years to come!”

EDF Renewables North America Signs Power Purchase Agreement with BASF for Solar Energy

EDF Renewables North America today announced the Space City Solar Project is progressing with critical development milestones having signed the first tranche of 55 megawatts (MWac) / 73 MWdc to BASF through a Power Purchase Agreement.  The Project’s total capacity is up to 345 MWac / 455 MWdc.  Space City Solar, located in Wharton County, Texas, is expected to commence construction in Summer 2021 and begin delivery of clean electricity in Summer 2022.

Approximately 300 jobs are expected to be created during the construction phase with more than $30 million generated in new tax revenue over the operating life for Wharton County taxing entities.  In addition to providing stable payments to local landowners who chose to lease their land, the Louise Independent School District has the ability to receive $2.5 million in revenue, including $1.8 million in the first year of operation providing the district enacts a Chapter 313 Agreement by December 31, 2020.

Space City Solar is specially designed to generate clean energy while minimizing impacts to wildlife, habitat, and other environmental resources. The project will utilize high efficiency bifacial solar photovoltaic (PV) modules.

“This transaction demonstrates EDF Renewables’ continued commitment to helping corporate customers meet their wholesale power supply needs and sustainability initiatives,” said Matt McCluskey, Vice President, South Region Development for EDF Renewables. “Space City Solar will provide an economic boost to the local economy through construction jobs, local spend and an expanded tax base.”

With 35 years of experience and 16 gigawatts of renewable projects developed throughout North America, EDF Renewables provides a fully integrated bundle of energy solutions from grid-scale wind, solar, and solar plus storage projects to electric vehicle charging and energy storage management.

For more information: https://www.edf-re.com/press-release/edf-renewables-north-america-signs-power-purchase-agreement-with-basf-for-solar-energy/

ERCOT Report Shows Increasing Reserves in Coming Years

Accelerated utility-scale solar growth boosts reserve margins.

New generation resources, including a significant amount of utility-scale solar, continue to be added to the ERCOT region at a rapid pace, resulting in higher planning reserve margins over the next several years.

ERCOT today released its December Capacity, Demand and Reserves (CDR) Report, which includes planning reserve margins for the next five years. The planning reserve margin for summer 2021 is forecasted to be 15.5%, based on resource updates provided to ERCOT from generation developers and an updated peak demand forecast. This is down 1.8% from what was reported in the May CDR due to solar and wind project delays and cancellations. Between 2022 and 2025, the planning reserve margin is expected to reach 25-27%.

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“In 2018 and 2019, ERCOT experienced historically-low planning reserve margins due to plant retirements,” said ERCOT President and CEO Bill Magness. “These business cycles of retirements and new investments are expected in the ERCOT market,and it is ERCOT’s job to maintain reliable electric service through the various changing conditions.” Any changes to generation resources will be accounted for in future CDR reports.

The ERCOT region continues to see growth in customer demand, and will be incorporating demand served by Lubbock Power and Light beginning in June 2021. The forecasted peak demand for summer 2021 is 77,244 MW, and was calculated using revised economic data released by Moody’s Analytics in August. ERCOT’s current system-wide peak demand record is 74,820 MW, set on Aug. 12, 2019, between 4 and 5 p.m.

ERCOT has seen a significant increase in utility-scale solar resources, and based on the grid operator’s current interconnection queue for new generation projects, this trend is expected to continue over the next several years.

The grid operator is also seeing continued and accelerated growth in rooftop solar projects. In response, ERCOT included its first, separate rooftop solar PV forecast in the CDR. The forecast was created to show the incremental capacity growth beyond the historical growth trend reflected in the load forecast.

Based on preliminary data from generation owners, planned resources expected to be available by summer 2021 have a summer-rated capacity of 5,620 MW. This includes 816 MW of gas-fired resources, 1,765 MW of wind resources and 3,039 MW of utility-scale solar resources. An additional 9,273 MW of summer-rated solar capacity is expected to be added by June 2022.

Resources totaling 1,917 MW of installed capacity have been approved by ERCOT for commercial operations since the May CDR, and a total of 12,525 MW of installed capacity became eligible for inclusion in the CDR.

While there are only a small number of battery facilities on the ERCOT system at this time, there are a significant number of battery projects in the interconnection queue. Through the Battery Energy Storage Task Force, ERCOT has worked with stakeholders to develop new market rules for integrating these resources into the ERCOT system. The next step will be to study operational data for existing batteries in order to better understand their contributions during peak hours so their capacity can be appropriately accounted for in future CDR reports.

ERCOT’s next Seasonal Assessment of Resource Adequacy will be released in March 2021, along with a preliminary summer weather assessment that considers drought conditions in Texas.As ERCOT prepares the summer assessment, it is mindful of the accelerating pace of drought in Texas, which could significantly affect summer weather and demand for electricity. The mid-year CDR report will be released in May 2021.

Background on the CDR report

The CDR report includes a look forward at all currently operational and planned resource capacity as reported to ERCOT by resource developers and owners. It provides annual projections of ERCOT’s planning reserve margins for the summer and winter seasons. The planning reserve margin is the difference between the total generation available in the ERCOT system and the forecasted firm peak demand, with the difference expressed as a percentage of the forecasted firm peak demand.

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ERCOT, the Electric Reliability Council of Texas, manages the flow of electric power to more than 26 million Texas customers, representing about 90 percent of the state’s electric load. As the Independent System Operator for the region, ERCOT schedules power on an electric grid that connects more than 46,500 miles of transmission lines and 680+ generation units. ERCOT also performs financial settlement for the competitive wholesale bulk-power market and administers retail switching for more than 8 million premises in competitive choice areas. ERCOT is a membership-based 501(c)(4) nonprofit corporation, governed by a board of directors and subject to oversight by the Public Utility Commission of Texas and the Texas Legislature.

Source: ERCOT
Media Contact: Leslie Sopko, (512) 779-8345, leslie.sopko@ercot.com