Greenbacker Acquiring Empire State Solar Portfolio (M&A, Ind Report)
Hecate Energy, Greenbacker Renewable Energy
Kansas City, Missouri-based Greenbacker Renewable Energy Company, an externally managed energy company that acquires and manages income-generating renewable energy and energy efficiency projects and other energy-related businesses, reports that through a wholly-owned subsidiary, it has signed the rights to a 110 MW portfolio of solar projects located in Greene and Albany counties, New York, from Chicago-based Hecate Energy. Closings to take place throughout 2020 and the facilities are slated to be fully operational in 2021.
The portfolio will sell a portion of the renewable energy credits generated to an investment grade off taker through a 20-year fixed price contract and will sell the remaining portion of energy and Renewable Energy Certificate (REC) attributes generated to two utilities through fixed price 20-year contracts.
(Source: Greenbacker Renewables, Energy Global, 7 Jan., 2020) Contact: Greenbacker Renewable Energy, 888-292-3178 www.greenbackerrenewableenergy.com;Hecate Energy LLC, Chris Bullinger, CEO, Solutions@HecateEnergy.com, www.hecateenergy.com
More Low-Carbon Energy News Hecate Energy, Greenbacker Renewable Energy, Solar ,
Hecate, InfraRed Capital Launch Energy Storage Co. (Ind. Report)
Hecate Energy,InfraRed Capital
Chicago-headquartered Hecate Energy and InfraRed Capital Partners report they are partnering to form a new energy storage company called Hecate Grid. The new venture will develop, build, own, and operate utility-scale energy storage projects in North America. The company's initial portfolio includes 126 MWh of operating and contracted assets and over 600 MWh of projects in the pipeline.
In the forming of Hecate Grid, Hecate Energy contributed its existing energy storage portfolio, comprising 126 MWh of operating and contracted assets, along with 600 MWh of projects in the pipeline. InfraRed committed to fund the new company's growth. The new company will be headquartered in Chicago, IL. (Source: Hecate Energy, InfraRed Capital Partners, PR, 16 Oct., 2018) Contact: InfraRed Capital Partners, www.ircp.com; Hecate Energy LLC, Chris Bullinger, CEO, Solutions@HecateEnergy.com, www.hecateenergy.com
More Low-Carbon Energy News Hecate Energy, Energy Efficiency,
Hecate Energy Planning Ohio Solar Power Plant (Ind. Report)
The Columbus Dispatch is reporting that Chicago-headquartered Hecate Energy is seeking to build a 300-MW solar power plant on 2,500 acres near Mowrystown, about 90 miles southwest of the Ohio capital city of Columbus. To that end, the company plans
to file an application for the plant with the Ohio Power Siting Board in October. (Source: Hecate Energy, AP, Columbus Dispatch, 27 Sept., 2018) Contact: Hecate Energy LLC, Chris Bullinger, CEO, Solutions@HecateEnergy.com
More Low-Carbon Energy News Hecate Energy
Saudi ICD Building 45MW Jordanian Wind Project (Int'l)
Trade Arabia reports Saudi-based Islamic Corporation for the Development of the Private Sector (ICD) and Shobak Wind Energy have signed facility agreements for a $26-million financing for the construction of a 45 MW wind farm in Jordan 160 km south of capital Amman.
The balance of the Shariah-compliant senior financing is being provided by the European Bank for Reconstruction and Development (EBRD) and Europe Arab Bank (EAB).
Alcazar Energy, which is majority-owned by Alcazar Energy Partners, is developing the project in partnership with Chicago-headquartered Hecate Energy LLC.
The project will incorporate 13 Vestas wind turbines and will be constructed over a 2-year period at an expected total cost of $104 million. The project's power will be sold to the Jordanian National Electricity Power Company (NEPCO) under a long-term power purchase agreement.
The project will help Jordan abate more than 100,000 tpy of CO2-equivalent and support the country's emission reduction targets under the Paris Climate Agreement. (Trade Arabia, 1 Dec., 2017)Contact: Hecate Energy LLC, www.hecateenergy.com; Jordanian National Electricity Power Company, www.nepco.com.jo/en
More Low-Carbon Energy News Wind, Renewable Energy, EBRD,
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