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News
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LCG, April 8, 2025--Gemma Power Systems (“Gemma”), a wholly owned subsidiary of Argan, Inc. (“Argan”), has received a notice to proceed on its previously announced engineering, procurement and construction (“EPC”) services contract with Sandow Lakes Energy Company, LLC (“SLEC”) for a 1.2-GW power plant in Lee County, Texas. Construction of the natural gas-fired, combined cycle facility is scheduled to commence this summer, with an expected project completion date in 2028
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LCG, April 4, 2025--NeuVentus, LLC ("NeuVentus") announced this week the receipt of a final order from the Railroad Commission of Texas (RRC) that grants a subsidiary of NeuVentus authority to create and operate 12 salt caverns for storage of a variety of gases (including natural gas and hydrogen) and liquids at its Texas Reliability Underground Hub ("TRU Hub") salt cavern storage project located in Liberty County, Texas.
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Industry News
Southern Acquires Controlling Interest in 32-MW Solar PV Project in California
LCG, April 17, 2015--Southern Company subsidiary Southern Power yesterday announced the acquisition of a controlling interest in the 32-MW Lost Hills-Blackwell Solar Facility in California from First Solar, Inc. The remaining interest in the project will be owned by an affiliate of First Solar. Construction of the project began one year ago and is expected to be completed this quarter. First Solar will operate and maintain the facility, which is located in Kern County in the San Joaquin Valley.
The electricity and the associated renewable energy credits (RECs) produced by the Lost Hills-Blackwell Solar Facility will be sold under long-term power purchase agreements (PPAs) with Pacific Gas and Electric Company (PG&E) and Roseville Electric. The renewable energy project fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.
Southern Company's Chairman, President and CEO stated,
"Southern Company continues to strategically develop solar renewable projects across the country. By further diversifying our energy mix - and expanding our partnership with First Solar - we are demonstrating our commitment to provide clean, safe, reliable and affordable power for America's future."
The Lost Hills-Blackwell Solar Facility includes two adjacent sites: the 20-MW Lost Hills Solar Facility and the 12-MW Blackwell Solar Facility. The project includes over 454,000 of First Solar's thin film photovoltaic (PV) modules that are mounted on single-axis tracking tables to increase output.
With this and other announced projects, Southern Power states that it will own nearly 1,000 MW of renewable energy generating capacity that is either already in operation or under development. Last month, Southern Power announced an agreement to acquire the company's largest renewable electric generating plant and first wind project, the 299-MW Kay Wind facility.
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The Locational Marginal Price Model (LMP) Network Power Model
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