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Acciona, Tenaska Ink 4-GW U.S. Solar, Storage Deal (M&A)
Acciona,Tenaska
Date: 2019-10-25
Madrid-based Acciona Energia SA reports an agreement under which Omaha, Nebraska-based energy company Tenaska will acquire 3,000 MW of utility-scale solar photovoltaic (PV) projects and a 1-GW battery storage development portfolio of 20 U.S. projects in Pennsylvania, Ohio, Kentucky, Illinois, Kansas, Oklahoma and Missouri, within the area of the PJM Interconnection and Southwest Power Pool (SPP) transmission markets.

Acciona plans to commission the first eight projects, with some 1,200 MW of rated capacity, before the end of 2023. Tenaska, through its solar unit Tenaska Solar Ventures, will work with Acciona to finalize the development of the projects.

Presently, Acciona has over 1,245 MW of wind power assets installed or under construction in North America, and owns and operates a concentrated solar power (CSP) plant near Las Vegas. (Source: Acciona, Power Engineering, Oct., 2019)Contact: Acciona Energia, www.acciona-energia.com; Tenaska, (402) 691-9700, info@tenaskacapital.com, www.tenaskacapital.com

More Low-Carbon Energy News Acciona,  Tenaska,  Solar,  


Acciona Acquiring Tenaska Wind Portfolio (M&A, Ind. Report)
Acciona,Tenaska
Date: 2019-10-23
Madrid-based Spanish renewable energy major Acciona Energia Acciona SA is reporting an agreement to acquire 3,000 MW of utility-scale U.S. solar PV projects and a 1-GW battery storage development portfolio from Omaha, Nebraska-based energy company Tenaska.

The capacity is distributed between 20 projects in Pennsylvania, Ohio, Kentucky, Illinois, Kansas, Oklahoma and Missouri, within the area of the PJM Interconnection and Southwest Power Pool (SPP) transmission markets. Acciona plans to commission the first eight projects, with some 1,200 MW of rated capacity, before the end of 2023. Tenaska, through its solar unit Tenaska Solar Ventures, will work with Acciona to finalize the development of the projects, according to the company. Acciona presently has more than 1,245 MW of wind power assets installed or under construction in North America as well as a concentrated solar power (CSP) plant near Las Vegas, Nevada. (Source: Acciona Energia, Power Engineering, 21 Oct., 2019)Contact: Acciona Energia, www.acciona-energia.com; Tenaska, (402) 691-9700, info@tenaskacapital.com, www.tenaskacapital.com

More Low-Carbon Energy News Acciona,  Solar ,  Tenaska,  Wind,  Solar,  


Illinois Coal-Fired Power Plants Getting the Axe (Ind. Report0
Vistra Energy
Date: 2019-08-23
Irving, Texas-headquartered Vistra Energy are reporting it and its subsidiaries will be shuttering four Illinos, coal-fired power plants -- Coffeen Power Plant, Duck Creek Power Plant (in Canton), Havana Power Plant, and Hennepin Power Plant -- in order to comply with the Illinois Pollution Control Board's (IPCB) recently approved revisions to the Multi-Pollutant Standard rule.

The Multi-Pollutant Standard rule regulates emissions and calls for a reduction in annual mass caps for SO2 and NOx, requiring the company to permanently shut down 2,000 MW of capacity from the eight MPS group of plants by the end of the year, pending approval by grid operators -- Midcontinent Independent System Operator (MISO) and PJM Interconnection, and approval of the termination of certain tariffs by FERC. The revised rule also requires adjustments of these annual caps as additional power plant units are shut down or transferred. As a result, the retirement of the four plants will further reduce annual allowable SO2 and NOx emissions in the MPS group of plants, driving total allowable emissions down by 57 and 61 pct respectively. CO2 emissions will also be significantly reduced by approximately 40 pct relative to 2018 levels. (Source: Vistra Energy, PR, Aug., 2019) Contact: Vistra Energy, Curtis Morgan, CEO, www.vistraenergy.com

More Low-Carbon Energy News Vistra Energy,  Coal,  CO2,  Emissions ,  


LEEDCo Making Progress in Battle of Lake Erie Wind (Ind. Report)
Erie Energy Development Corporation
Date: 2019-05-17
The week in Clevelad, the Lake Erie Energy Development Corporation (LEEDCo) reported it has reached an agreement with the Ohio Power Siting Board, laying the foundation to build its long-delayed 6-turbine Icebreaker Wind energy project approximately 8 – 10 miles off of Cleveland. The project would include an 11.8-mile long submerged electric line to transmit power to Cleveland Public Power's onshore Lake Road substation. Under the agreement, LEEDCo will not begin construction until it has a signed Interconnection Service Agreement with PJM Interconnection, LLC, to link its wind 3.45-MW turbines into the regional transmission system. LEEDCo must now get approval for a permit from the Siting Board to move forward with construction, which could begin as early as 2021.

The project has already earned approvals from 13 local, state and federal regulatory agencies on a host of environmental and other requirements. Several environmental groups including Sierra Club and the Ohio Environmental Council are supporting Icebreaker Wind.

In August 2009, the Lake Erie Energy Development Corporation (LEEDCo) was created by the Great Lakes Energy Development Task Force (GLEDTF), and developed and launched by NorTech Energy Enterprise, the Cleveland Foundation, the City of Cleveland, and Cuyahoga and Lorain Counties (Ohio). LEEDCo was founded as a private, nonprofit regional corporation to initially erect wind turbines in Lake Erie, and eventually to help stimulate an entire offshore freshwater wind industry in the Great Lakes.

LEEDCo is a regional economic development public-private partnership that has brought together important project stakeholders from the City of Cleveland, the Port Authority, and coastal counties, according to the company website. (Source: LEEDCo, wkyc3, 15 May, 2019)Contact: LEEDCo, Lorry Wagner, Pres., (216) 241-9201, www.leedco.org

More Low-Carbon Energy News Erie Energy Development Corporation ,  LEEDCo,  Offshore Wind,  


Rockland Sells Flywheel Energy Storage Projects (Ind. Report, M&A)
Rockland Power Partners,Beacon Power
Date: 2018-05-07
In Houston, Bracewell LLP is reporting the sale of Rockland Power Partners LP's Flywheel Energy Storage Business to Convergent Spindle and RGA

In the first transaction, Rockland Power Partners sold two 20 MW flywheel energy storage projects -- the Stephentown project located in Stephentown, New York and the Hazle project located in Hazle Township, Pennsylvania, to affiliates of Convergent Energy and Power, LP. The fully operating projects serve the New York Independent System Operator (NYISO) and PJM Interconnection grids.

In the second transaction, Rockland Power Partners sold all of the equity interests in Beacon Power, LLC, which operates a flywheel energy storage business and owns certain technology, intellectual property, patents and manufacturing equipment related thereto, to RGA Investments, LLC. Both transactions closed on April 27, 2018. (Source: Bracewell LLP, PR, 4 May, 2018) Contact: Rockland Power Partners, Rockland Capital, (281) 863-9000, www.rocklandcapital.com; Beacon Power, www.beaconpower.com; Convergent Energy and Power, (917) 508-0190, info@convergentep.com, www.convergentep.com

More Low-Carbon Energy News Beacon Power,  Flywheel,  Energy Storage,  


Convergent Acquires Flywheel Energy Storage Projects (M&A)
Convergent Energy
Date: 2018-05-02
New York-headquartered energy storage specialist Convergent Energy + Power is reporting the acquisition of 40 MW of flywheel projects in Stephentown, NY and Hazle Township, PA. from Rockland Capital. Convergent will continue to operate the flywheels to meet evolving energy needs for PJM Interconnection and NYISO grid operators.

With this acquisition, Convergent Energy + Power is now the largest pure-play operator of energy storage in North America, according to the company release. (Source: Convergent Energy + Power, PR, May, 2018) Contact: Convergent Energy + Power, (917) 508-0190, info@convergentep.com, www.convergentep.com

More Low-Carbon Energy News Flywheel,  Energy Storage,  Convergent Energy ,  


FirstEnergy Unloading W.Va Coal-Fired Power Plant (Ind. Report)
FirstEnergy,PJM Interconnection
Date: 2018-02-23
Akron, Ohio-headquartered FirstEnergy reports it will sell or close its 1,300 MW coal-fired Pleasants Power Station in West Virginia next year. To that end, FirstEnergy subsidiary Allegheny Energy Supply has advised PJM Interconnection it plans to "deactivate" the plant. The grid operator must review the potential reliability impacts of closing the plant.

Another FirstEnergy subsidiary Mon Power in West Virginia, had proposed acquiring the plant but the deal was rejected by Federal Energy Regulatory Commission (FERC) and opposed by West Virginia regulators. (Source: FirstEnergy,Feb.21, 2018) Contact: FirstEnergy, Charles Jones, CEO, President www.firstenergy.com; PJM Interconnection, Andrew Ott, CEO, (866) 756-6397 - Media), www.pjm.com

More Low-Carbon Energy News FirstEnergy,  Coal,  PJM Interconnection,  

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