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8minute Secures $225Mn LOC for 18GW Solar, Storage (Ind. Report)
8minute Solar Energy
Date: 2020-06-03
Los Angeles-based solar and solar energy storage developer 8minute Solar Energy (8minute) reports it has secured a $225 million Letter of Credit (LoC) facility from a consortium of 5 banks to support its 18GW pipeline of solar and energy storage projects.

The company will use the oLC for power purchase agreements (PPAs) and interconnection agreements for its projects in California, Texas and the south-western US, according to a company statement. (Source: 8minute Solar Energy, PR, Power Tech, 2 June, 2020) Contact: 8Minute Soplar Energy, Dr. Tom Buttgenbach, Pres., CEO, Katie Struble Director, Corporate Communications, 608 332 2809, kstruble@8minute.com, www.8minute.com

More Low-Carbon Energy News 8minute Solar Energy,  Solar,  


First Solar Inks Rabbitbrush Solar LLC PPAs (Ind. Report)
First Solar,
Date: 2020-04-24
Tempe, Arizona-headquartered thin-film solar module maker First Solar Inc. reports inking two 15-year PPAs with Community Choice Aggregators (CCAs), Monterey Bay Community Power (MBCP) and Silicon Valley Clean Energy (SVCE) for power from its 100-MW Rabbitbrush Solar LLC project in Kern County, California. The facility, which will include 20MW of battery storage capacity is expected to come online in Q2, 2022.

The project will incorporate First Solar's proprietary thin film module technology, designed and developed at the Company's research and development (R&D) centers in Santa Clara, California, and Perrysburg, Ohio. When fully operational, the facility is expected to generate sufficient power for as many as 45,000 average homes, while displacing 62,000 metric tpy of CO2. (Source: First Solar, PR, 21 April, 2020) Contact: Silicon Valley Clean Energy, www.SVCleanEnergy.org; Monterey Bay Community Power, www.mbcp.org; First Solar, Kathryn Arbeit, VP, Project Dev., David Brady, Inv. Rel., (602) 414-9315, dbrady@firstsolar.com, www.firstsolar.com

More Low-Carbon Energy News First Solar,  Solar,  


Neoen's 140-MW El Salvador Solar Park Now Online (Int'l. Report)
Neoen
Date: 2020-04-06
French independent power producer Neoen SA reports its 140-MW Capella Solar photovoltaic (PV) park comprised of two solar plants -- Albireo I and II with battery energy storage capacity -- in Usulutan, El Salvador is now operating at commercial capacity.

The Albireo solar parks have 20-year PPAs with local power distribution firms Delsur, AES, EDESAL and B&D. (Source: Neoen El Salvador, 3 April, 2020) Contact: Neoen El Salvador, www.neoen.com

More Low-Carbon Energy News Neoen ,  Solar,  


WEC Energy Increases Stake in 750-MW Wind Portfolio (M&A)
WEC Energy Group
Date: 2020-02-21
The Milwaukee-based WEC Energy Group reports it will invest $118 million to up its shareholding from 80 to 90 pct in a 750-MW portfolio of midwestern wind farms developed by Invenergy LLC.

The investment, which will be eligible for 100 pct bonus depreciation and production tax credits, is subject to regulatory approval.

The portfolio includes the 250-MW Blooming Grove wind farm in Illinois, the 300-MW Thunderhead Wind Energy Center and the 200-MW Upstream Wind Energy Center, both in Nebraska. All of the power plants have long-term PPAs wth affiliates of investment-grade multinational corporations. (Source: WEC Energy Group, Renewables, 20 Feb., 2020) Contact: WEC Energy Group, Gale Klappa, (414) 221-7345, www.wecenergygroup.com; Invenergy, Meghan Schultz, Snr VP, Finance & Capital Markets, (312) 224-1400, www.invenergyllc.com

More Low-Carbon Energy News WEC Energy Group,  Wind ,  


SPI Energy Submits Projects to Oregon Community Solar (Ind. Report)
SPI Energy
Date: 2020-02-12
In Santa Clara, California, Hong Kong-headquartered SPI Energy Co Ltd reports it has submitted its previously closed 18 MW portfolio of solar projects to the Oregon PUC Oregon Community Solar Programme. The program will be offered to non-profit organisations and homeowners in the territory of local utility Portland General Electric.

The SPI portfolio includes closed projects in Yamhill, Polk, Marion and Clakamas counties . SPI Energy also announced the agreed acquisition of up to eight projects with a combined capacity of 21 MW in Oregon in July. All projects have 20-year PPAs with Portland General Electric.

SPI Energy Co., Ltd. provides photovoltaic solutions for business, residential, government, and utility customers and investors. It offers engineering, procurement, and construction services to independent power developers and producers, and commercial and industrial companies. The company also develops, owns, and operates solar projects that sell electricity to power companies and other electricity off-takers. As of April 30, 2019, it owned and operated 15.706 MW of solar projects. The company operates in Greece, the United States, Italy, Japan, the U.K., Australia, and Germany. (Source: SPI Energy Ltd, Renewables, Feb., 2020) Contact: SPI Energy Ltd., www.spigroups.com; Oregon Community Solar Programme, www.oseia.org › communitysolar

More Low-Carbon Energy News SPI Energy,  Solar,  Community Solar,  


WEC Energy Acquiring Majority Stake in Ill. Wind Farm (M&A)
WEC Energy ,Invenergy
Date: 2020-01-29
Milwaukee, Wisconsin-based WEC Energy Group Inc. reports it will acquire an 80 pct ownership interest in ithe McLean County, Illinois, Blooming Grove Wind Farm for $345 million, subject to regulatory approvals.

The project, which has two PPAs in place, will incorporate 94 GE wind turbines with a combined capacity of 250 MW, is being developed by Invenergy and is slated to come online before the year end. (Source: WEC Energy Group, Saur Energy , 28 Jan., 2020) Contact: WEC Energy Group, Gale Klappa, (414) 221-7345, www.wecenergygroup.com; Invenergy, Meghan Schultz, Snr VP, Finance & Capital Markets, (312) 224-1400, www.invenergyllc.com

More Low-Carbon Energy News WEC Energy ,  Invenergy,  Wind,  


Gulf Pacific Power Takes 89 pct Stake in Wind Portfolio (M&A)
Gulf Pacific Power
Date: 2019-12-18
Alabama-headquartered Harbert Management Corporation (HMC) reports Gulf Pacific Power, LLC (GPP) has acquired an 80 pct stake in Enel Green Power North America Inc. (EGPNA) Renewable Energy Holdings' 812 MW portfolio of five operating wind projects in the U.S. and Canada.

GPP formed Gulf Plains Wind, LLC to acquire the interest in REP from GE Energy Financial Services and from (EGPNA) which has retained a 20 pct stake in REP and will continue to operate the Portfolio. Financial terms of the transaction were not disclosed.

The Portfolio includes the 235 MW Chisholm View facility in Grant and Garfield Counties, Oklahoma; the 200 MW Prairie Rose facility in Rock and Pipestone Counties, Minnesota; the 200 MW Goodwell facility in Texas County, Oklahoma; the 150 MW Origin facility in Murray and Carter Counties, Oklahoma; and the 27 MW St. Lawrence facility in Newfoundland, Canada, all of which have term PPAs in place.

Hogan Lovells acted as legal counsel and CohnReznick Capital acted as financial advisor to GPP on the transaction. (Source: Harbert Management Corporation, PR, 18 Dec., 2019) Contact: HMC, (205) 987-5500, ir@harbert.net, www.harbert.net; Gulf Pacific Power, https://privatefunddata.com/private-funds/gulf-pacific-power-llc

More Low-Carbon Energy News Gulf Pacific Power,  Wind,  


Vivint Solar Promotes New Residential PPA Rate (Ind. Report)
Vivint Solar
Date: 2019-12-04
Lehi, Utah-headquartered residential solar provider Vivint Solar has a new power purchase agreement (PPA) option that includes one simple rate for both solar and battery storage in California. Vivint Solar's new solar + storage PPA option comes on the heels of recent wildfires and power blackouts throughout California.

PPAs contracts in which a solar company arranges for the design, permitting, financing, and installation of a solar energy system, and in exchange, the homeowner agrees to purchase the solar energy the system produces. This option allows homeowners to benefit from powering their home with solar energy, with the convenience of having Vivint Solar finance the system, own it, operate, and maintain it on behalf of the homeowner. (Source: Vivint Solar, PR, Dec., 2019) Contact: Vivint Solar, David Bywater, CEO, 877.404.4129, www.vivintsolar.com

More Low-Carbon Energy News Vivint Solar ,  Solar,  Energy Storage,  


Enel Building 280MW New Wind Capacity in S. Africa (Int'l.)
Enel Green Power
Date: 2019-11-08
Enel Green Power RSA reports construction is underway on its 140 MW each, Karusa and Soetwater wind farms in Northern Cape province, South Adrica. The €200 million apiece projects are expectd to be completed and commissioned by the end of 2021.

Enel is constructing 5 wind projects totaling roughly 700 MW in South Africa -- Karusa and Soetwatera, Nxuba and Oyster Bay in the Northern Cape, as well as Garob in the Eastern Cape -- all of which have 20-year PPAs with the South African energy utility Eskom, according to the Enel release. (Source: Enel Green Power, PR, Smart Energy, 5 Nov., 2019) Contact: Enel Green Power, www.enelgreenpower.com

More Low-Carbon Energy News Enel Green Power,  Wind,  South Africa Wind,  


Dominion Energy Acquires VA. Solar Projects (M&A, Ind Report)
Dominion Energy
Date: 2019-09-30
In the Old Dominion State, Richmand-based Dominion Energy, Inc. subsidiary Dominion Generation, Inc. is reporting acquisition of two solar generating projects from Savion LLC, a subsidiary of Macquarie's Green Investment Group.

The 15-MW Myrtle Solar project in the City of Suffolk is expected to come online in Q2, 2020. The 80-MW Greensville Solar facility in Greensville County is expected to come online in late 2020.

Power generated at the two sites, as well as the renewable energy credits, will go to telecommunications company T-Mobile USA, Inc., under long-term PPAs. {Source: Dominion Energy, PR, 28 Sept., 2019) Contact: Dominion Energy, Aaron Ruby, (804) 771-3404, Aaron.F.Ruby@dominionenergy.com, Gary Courts, GM New Bus. Dev., www.DominionEnergy.com

More Low-Carbon Energy News Dominion Energy ,  Offshore Wind,  


CalComTouts Ag. Renewable Energy Infrastructure Fund (Ind. Report)
CalCom Energy
Date: 2019-09-27
In the Golden State, Fresno-based CalCom Energy is reporting the launch of the Agriculture Energy Infrastructure Fund, a $100 million resource to build solar and energy storage projects in California.

The fund, developed in partnership with Symbiont Energy and Live Oak Bank, will enable agriculture companies to build on-site clean energy projects over the next 24 months. The fund, which will provide long-term, lower cost energy through clean energy power purchase agreements (PPAs), is intended to assist agriculture companies and farmers hit hard by the impact of recent California wildfires, lack of grid resiliency and ever-increasing energy and water costs. With a CalCom PPA and on-site solar energy, CalCom customers can cut or eliminate their electricity costs while directly reducing carbon emissions. CalCom estimates potential savings of $250 million in utility bill savings for its customers over the life of the energy assets.

CalCom Energy develops, finances and builds solar and energy storage projects and has developed more than 200 MW of clean energy projects, including some of the largest agricultural solar farms in the West. (Source: CalCom Energy, PR, 25 Sept., 2019) Contact: CalCom Energy, Dylan Dupre, Pres., CEO, David Williams, Chief Commercial Officer , 559.667.9200, Sales@CalComEnergy.com, www.calcomenergy.com

More Low-Carbon Energy News CalCom Energy,  Solar,  Energy STorage,  


EDP Renewables Inks Calif. PV, Storage PPA (Ind. Report)
EDP Renewables North America
Date: 2019-08-14
In the Golden State, EDP Renewables North America reports it will sell 110 MW of electricity from the Sonrisa solar farm and battery storage facility to San Jose Clean Energy The 20-year PPA covers 100 MW of solar energy and 10 MW of storage capacity. In June, EDP inked a similar PPA with East Bay Community Energy for 100 MW of photovoltaic and 30 MW of storage.

The two PPAs together account for 100 pct of the facility's power and storage capacity.(Source: EDP Renewables North America, PR, ReNEWS, Aug., 2019) Contact: EDP Renewables North America, Miguel Prado, CEO, (713) 265-0350 - Houston, +351 21 001 25 00, www.edpr.com; East Bay Community Energy, 833-699-3223, www.ebce.org

More Low-Carbon Energy News EDP Renewables North America ,  


Toyota NA to Cut Carbon Emissions Through VPAAs (Ind Report)
Virtual Power Purchase Agreement,
Date: 2019-07-29
Japanese auto giant Toyota Motor North America reports it is committing to aggressively reduce its carbon output in the US by entering into Virtual Power Purchase Agreements (VPPAs) to reduce operation emissions by up to 40 pct over the next 3 years. The company plans to cut overall emissions from plant operations to zero by the year 2050.

Under the VPPAs, which the company expects to commence later this year, Toyota NA will contract with renewable energy providers to generate wind and solar power that will be provided directly to regional electric grids. The supply of renewable power is expected to reduce use of fossil fuels and emissions. By powering its operations from the enhanced grid and applying Renewable Energy Credits (RECs) earned by funding the generation of renewable electricity, Toyota expects to substantially offset emissions from its North American facilities. This VPPA endeavor supports the company's Environmental Challenge 2050 which sets out the following global objectives:

  • 90 pct reduction in global average CO2 emissions from new vehicles vs. 2010 levels;
  • complete elimination of CO2 emissions from the entire vehicle life cycle; zero emissions at all manufacturing plants worldwide;
  • minimizing water usage and implementing water discharge management protocols;
  • promoting global deployment of end-of-life vehicle treatment and recycling, and;
  • connecting and promoting nature conservation activities outside of the Toyota Group in the communities where it operates. (Source: Toyota NA, Auto Connected Car News, 24 July, 2019)

    More Low-Carbon Energy News Carbon Emissions,  Toyota,  CO2,  Virtual Power Purchase Agreement,  CERs,  


  • 250.5-MW Triple H Wind Project Gets the Nod (Ind. Report)
    South Dakota Public Utilities Commission
    Date: 2019-07-19
    The South Dakota Public Utilities Commission (PUC) is reporting conditional approval of a construction permit for the 250.54 MW Triple H Wind project southwest of Highmore in Hyde County. The 92-turbine, 27,247.5-acre project must adhere to 41 conditions dealing with: wind blade shadow flicker; sound levels; post-construction land restoration; potential impacts to whooping cranes; ice throw and others. The PUC also required an escrow account specifically designated for the future decommissioning of the project.

    Triple H has inked PPAs with Walmart and a confidential institutional buyer. The $300 million project is expected to be complete in 2020. (Source: South Dakota PUC, WindPower, 18 July, 2019) Contact: South Dakota Public Utilities Commission, (605) 773-3201, www.puc.sd.gov

    More Low-Carbon Energy News Triple H Wind,  Wind,  South Dakota Public Utilities Commission ,  


    California Community Wind, Solar Projects Approved (Ind Report)
    East Bay Community Energy
    Date: 2019-07-03
    In the Golden State, East Bay Community Energy (EBCE), a community choice energy provider, reports approval of two power purchase agreements (PPAs) totaling 157.5 MW from new wind and solar facilities, along with 30 MW of battery energy storage, to be built in Alameda and Fresno counties in California. The approved contracts include:
  • the Summit Wind Project -- a 20-year agreement to purchase 57.5 MW of wind from the Altamont Winds LLC project, near Livermore in Alameda County, from San Diego-based Salka LLC in partnership with a global private equity firm. The project will see the repowering a 569, 100 kW turbines with 23 modern turbines at a former Altamont Pass wind farm and is expected to be completed in late 2020.

  • Sonrisa Solar Park -- a 20-year agreement to purchase 100 MW of solar and 30 MW of energy storage from the Sonrisa Solar Park, located in Fresno County and owned/operated by EDP Renewables North America. Construction on the Sonrisa solar project will begin as early as December 2021. It is expected to be operational in 2022.

    As one of 19 community choice aggregation programs operating in California, EBCE will provide clean energy at competitive rates and will reinvest earnings back into the community. (Source: East Bay Community Energy, NA Windpower, 24 June, 2019) Contact: East Bay Community Energy, 833-699-3223, www.ebce.org

    More Low-Carbon Energy News Wind,  Community Wind,  Community Solar,  


  • Nexamp, Radiance Complete Georgia Solar Projects (Ind. Report)
    Nexamp, Radiance
    Date: 2019-05-20
    Under the Renewable Energy Development Initiative (REDI), Georgia Power is adding more solar power to the grid with new commercial and industrial solar installations.

    Two of these new installations, owned and operated by Nexamp Inc. and developed jointly with Radiance Development LLC, are now in operation. The projects, located in Bainbridge and Leesburg, are generating more than 2 MWs of power feeding into the Georgia Power utility grid under the terms of PPAs.

    The 7.5 acre site in Bainbridge site includes more than 3,400 panels and generates over 1.2 MWs of power. The site in Leesburg generates over 1.1 MWs of power from its roughly 4.2-acre plot that includes more than 3,100 panels. Both sites came fully online in the past few weeks.

    Nexamp worked closely with Radiance Development LLC on the projects. Radiance led the local development permitting and property leasing while Nexamp handled the construction and will provide all ongoing operations and maintenance support. (Source: Nexamp. RP. 19 May, 2019) Contact: Nexamp Inc., Zaid Ashai, CEO, Keith Hevenor, (617) 431-1440, www.nexamp.com

    More Low-Carbon Energy News Solar,  Nexamp,  Radiance Solar,  


    AMS, 38 Degrees North Report Solar, Storage Partnership (Ind. Report)
    AMS
    Date: 2019-05-15
    San Francisco-based energy management services provider AMS reports it is establishing a solar and storage energy partnership with 38 Degrees North and the $2 billion John Hancock Infrastructure Fund. The partnership acquired an initial set of four battery and solar facilities in California with rights to additional projects in 2019 and 2020.

    AMS's financial performance contract addresses customer concerns with traditional solar PPAs by providing a higher degree of certainty that savings will be delivered for the customer. AMS's AI software platform continuously optimizes solar systems, batteries, and retail energy rates to actively respond to evolving energy market conditions and achieve the lowest energy costs over the life of the system. (Source: AMS, PR, 13 May, 2019) Contact: AMS, Susan Kennedy, CEO , www.advmicrogrid.com; 38 Degrees, www.38degreesn.com

    More Low-Carbon Energy News Solar,  Solar Energy Storage,  


    ERM Offers Small Customer Renewables Deals (Int'l Report)
    ERM Power
    Date: 2019-05-01
    In the Land Down Under, business electric power retailer ERM Power reports it is inviting wind and solar farm developers to offer short-term electricity supply from their projects to support its launch of a new product the would offer renewable power purchase agreements (PPA) to smaller customers unwilling to lock into a 10- or 15-year contract or lacking the internal resources to negotiate their own deal.

    Under its new offering, ERM will match-up supply on offer from wind and solar power ventures in NSW and Victoria States with the demands of energy users looking to source a part of their supply from renewables. Customers would pay an agreed upon fixed price for renewable energy over three years, sourcing 5 pct -- 10 pct of their power from that source. The customer can choose their level of participation in increments of 5 pct. Additionally, ERM will aggregate multiple business customers to gain access to large PPAs, giving smaller commercial energy users access to the terms normally available only to larger customers. (Source: ERM Power, Aust. Financial Review. 29 April, 2019) Contact: ERM Power, David Guiver, Wholesale Markets, www.ermpower.com.au

    More Low-Carbon Energy News ERM Power,  Renewable Energy,  


    CIP's Mitchell Solar Portfolio Construction Underway (Ind. Report)
    Copenhagen Infrastructure Partners
    Date: 2019-02-15
    Copenhagen Infrastructure Partners (CIP) reports construction is underway on the Mitchell portfolio of utility-scale solar photovoltaic (PV) projects in North Carolina on behalf of the Copenhagen Infrastructure II (CI II) fund.

    The project portfolio is geographically diversified across the state and will be implemented in multiple phases over the coming years starting with five projects. Mitchell represents CIP's first investment into Southeastern United States.

    The first phase of Mitchell consists of five utility-scale solar PV projects totaling 23 MWAC. First Solar, Inc. will supply solar modules and provide ongoing operation and maintenance services. The projects, which will generate sufficient electric power roughly 5,000 homes, are slated to begin commercial operation in Q3 and have long-term PPAs with Duke Energy. The projects in the next phases of the Mitchell portfolio are expected to start construction later in 2019 to 2020. The Mitchell solar PV project portfolio is part of CIP's approximately 1.1 GWAC US solar PV portfolio. (Source: Copenhagen Infrastructure Partners, 8 Feb., 2019) Contact: Copenhagen Infrastructure Partners, Kristina Negendahl Jessen +45 70 70 51 51 cip@cip.dk, www.cip.dk

    More Low-Carbon Energy News Copenhagen Infrastructure Partners,  Solar,  PV,  


    Statkraft Growing European Renewable Market Access (Int'l)
    Statkraft,Valeco
    Date: 2019-02-11
    Oslo-based Norwegian state-owned utility Statkraft AS reports it is seeking to expand its European renewable energy activity through a series of new projects and power purchase agreements (PPAs), including a recently inked five-year wind energy PPAs and capacity certificates from three French wind energy projects being developed by the French developer Valeco Groupe and slated for commissioning in May and September 2019.

    Under the terms of their agreement, Valeco will operate the three wind projects in northern France from its HQ in Montpellier, with support from technicians based in Amiens. Statkraftnotes it is Europe's largest provider of market access for, mainly, renewables generation, amounting to 18.2GW. As previously reported, Statkraft exited the offshore wind industry and is now focused on expanding in onshore wind, solar and hydropower facities and activities. (Source: Statkraft, WindPower, 7 Feb., 2019) Contact: Stakraft, +47 24 06 70 00, Clement Perchat, Bus. Dev for France, www.statkraft.com; Valeco, +33 (0) 4 67 40 74 00, Fax: +33 (0) 4 67 40 74 05, contact@groupevaleco.com, www.groupevaleco.com

    More Low-Carbon Energy News Valeco,  Statkraft,  Wind,  Renewable Energy,  


    NPPD Sued Over Wind PPA Terminations (Reg. & Leg., Ind Report)
    Global Investment Partners
    Date: 2019-02-11
    Three wind farms in the Cornhusker State -- Laredo Ridge Wind LLC, Broken Bow Wind LLC and Crofton Bluffs Wind LLC -- are reported to have filed legal action against Nebraska Public Power District (NPPD) for allegedly attempting to prematurely cancel existing 20-year PPAs 10 years ahead to their expiration date.

    The lawsuit seeks both a temporary restraining order and preliminary injunction to stop NPPD from terminating the agreements on the grounds that a "premature termination of the PPAs would effectively destroy each plaintiff's wind energy project as a going concern." The suit also claims the early PPA terminations would have a material effect on the wind farms because it would put them in default with their creditors, potentially triggering foreclosure actions.

    All three plaintiff wind farms are owned or partially owned New York-based Global Investment Partners. (Source: The Sioux City Journal, Feb., 2019) Contact: Global Investment Partners, https://ca.linkedin.com/company/sk-investment-partners; Nebraska Public Power District, Pat Pope, CEO, Pres., www.nppd.com

    More Low-Carbon Energy News Wind,  NPPD,  


    Ullico Snares BlackRock's Ontario Solar Portfolio (M&A Report)
    BlackRock
    Date: 2019-02-06
    US investment manager BlackRock Inc. reports it will sell a four-plant Canadian solar energy portfolio in Ontario to Washington, DC-headquartered insurance company Ullico Inc. The portfolio includes solar farms with long-term stable cash flows and fixed feed-in tariff (FiT) and PPAs with the province's Independent Electricity System Operator.

    The acquisition is Ullico's sixth solar sector investment. Financial details have not been disclosed. (Source: Blackrock, Feb., 2019) Contact: BlackRock, www.blackrock.com/ca; Ullico, 202.682.0900, www.ullico.com

    More Low-Carbon Energy News BlackRock,  Solar,  


    Iberdrola Launches Cavar Complex Wind Farm in Spain (Int'l Report)
    Iberdrola
    Date: 2019-01-23
    Iberdrola is reporting the launch of its Cavar Complex wind energy project consisting of four wind farms with an installed capacity of 111 MW. The project is a joint initiative by Iberdrola and Caja Rural de Navarra. Construction is slated to get underway within months.

    When fully operational in 2020, the wind farm is expected to generate sufficient electric power for as many as 46,500 households/year and avoid 84,000 tpy of CO2. Energy from the wind farms will be sold through long-term bilateral PPAs.

    The project will incorporate 32 Siemens Gamesa SG 3.4-132, 3.4 MW wind turbines, the largest used to date in a land-based wind farm in Spain. All four wind farms are in the Cadreita and Valtieera municipal areas.

    Iberdrola's renewable installed capacity, mainly wind and hydro-electric, totals more than 15,800 MW in Spain and more than 29,500 MW worldwide, according to the company. Iberdrola is among the world's largest electricity utilities by market capitalization serving over 100 million people mainly in Spain, the UK, Brazil, Mexico and the U.S. (Source: Iberdrola, reve, 21 Jan., 2019)Contact: Iberdrola Renewables, www.iberdrolarenewables.com

    More Low-Carbon Energy News Iberdrola,  Wind,  


    Innergex Inks Hawaiian Solar-plus-Storage PPAs (Ind. Report)
    Innergex Renewable Energy
    Date: 2019-01-09
    Longueuil, Quebec-based Innergex Renewable Energy Inc is reporting the signing of a PPA for two solar-plus battery energy storage projects with a combined photovoltaic (PV) capacity of 45 MW in Hawaii.

    The PPAs with the Hawaii Electric Light Company and the Maui Electric Company are for the 30-MW Hale Kuawehi and Paeahu projects which are scheduled for completion in 2022. The Hale Kuawehi PV park will will generate an average of 92,000 MWh of electricity per year and will incorporate 120 MWh of battery storage capacity. The 15-MW Paeahu solar plant in Maui will include a 60-MWh energy storage system and have an average annual output of 45,000 MWh. (Source: Innergex Renewable Energy, Renewables Now, 7 Jan., 2019) Contact: Innergex Renewable Energy, Michel Letellier, CEO, (450) 928-2556, info@innergex.com, www.innergex.com

    More Low-Carbon Energy News Innergex Renewable Energy,  Solar ,  


    Enel Green Power Activates 620 MW of US Wind Farms (Ind. Report)
    Enel Green Power North America
    Date: 2019-01-04
    Enel Green Power North America Inc (EGPNA) reports its 320-MW Rattlesnake Creek wind farm in Nebraska and the approximate 300-MW Diamond Vista wind farm in Kansas are now generating power.

    The two facilities, which together cost about $830 million, have a combined capacity of about 2,600 GWh per year, have long-term PPAs -- the Rattlesnake Creek wind farm will sell its power to Facebook and Diamond Vista will supply power to software major Adobe Systems Inc. Diamond Vista also has three separate PPAs, the first two of which are for 100 MW each with global manufacturing company Kohler Co and City Utilities of Springfield. The third is for 84 MW with the Tri-County Electric Cooperative of Oklahoma.

    Enel owns all of the "Class A" interests and manages and operates the wind farms. With these two wind farms, the total renewable capacity added by Enel Green Power around the world this year reaches 2.6 GW, of which over 830 MW in North America. (Source: Enel Green Power North America, Jan., 2019) Contact: Enel Green Power North America, Connor Branch, Bus. Dev., (978) 681-1900, www.enelgreenpower.com

    More Low-Carbon Energy News Enel Green Power North America,  Enel,  Wind,  


    NV Energy 1 GW Solar, Energy Storage Approved (Ind. Report)
    NV Energy
    Date: 2019-01-02
    In Reno, the Public Utilities Commission of Nevada (PUCN) is reporting approval of NV Energy's planned addition of more than 1 GW of solar power to its portfolio for a doubling of its overall renewable energy capacity by 2023.

    The plan foresees PPAs for 1,001 MW of solar PV parks coupled with a total of 100 MW of battery storage facilities at a cost of $2 billion, or more, by the end of 2021.

    The proposed projects projects -- Battle Mountain Solar Project, Dodge Flat Solar Center, Fish Springs Ranch, Eagle Shadow Mountain Solar Ranch, Copper Mountain Solar 5, and the Techren Solar 5 project -- will expand NV Energy's renewables portfolio to around 3,000 MW. NV Energy's portfolio presently 50 solar, geothermal, hydropower, wind, biomass, and supported rooftop solar projects. (Source: NV Energy, Renewables, 31 Dec., 2018) Contact: NV Energy, Dave Ulozas, VP Renewable Resources, (702) 402-5000, www.nvenergy.com

    More Low-Carbon Energy News NV Energy ,  Solar,  


    Solar-plus-Storage Added to O'ahu Renewables Lineup (Ind. Report)
    Hawaiian Electric
    Date: 2018-12-19
    In Honolulu, Hawaiian Electric Company (HECO) is reporting another solar-plus-storage project is now planned for O'ahu, joining three other grid-scale solar projects recently selected by HECO in a procurement effort to expand the Aloha State's renewable energy portfolio.

    The 12.5-MW solar array will be in West O'ahu and include a 50-MWh storage system, details of which will be released at a leter date.

    Hawaiian Electric is currently negotiating PPAs with developers of the solar projects to set the terms for them to sell electricity to the utility. The goal is to complete the agreements so the projects can take advantage of federal tax credits. Final terms will be announced when the agreements are submitted to the Public Utilities Commission for review.

    Including the latest project, there are now five major grid-scale projects announced for O'ahu in recent weeks, part of the largest infusion of renewable energy in state history. The projects -- four solar and one wind project -- are designed to generate 186 megawatts, displacing an estimated 800,000 barrels of oil annually. Previously announced projects on O'ahu include: Kunia Solar, 52 MW with 218 MWh storage; Mililani Solar, 39 MW with 156 MWh storage; Waipio Solar, 36 MW with 144 MWh storage; and Palehua Wind, 46.8 MW. Several other major renewable projects totaling 154 MW are under construction or awaiting permitting on O'ahu. (Source: Hawaiian Electric, PR, 18 Dec., 2018) Contact: Hawaiian Electric, www.hawaiianelectric.com

    More Low-Carbon Energy News Hawaiian Electric,  Solar,  Energy STorage,  


    Canadian Solar Closes on 68-MW Mexican Solar Finance Pkg (Int'l)
    Canadian Solar
    Date: 2018-12-17
    Guelph, Ontario-based Canadian Solar Inc. is reporting closure on $69 million in non-recourse project financing for the 67.8-MWp Aguascalientes solar project in Mexico. The financing package, which was arranged with Banco Nacional de Comercio Exterior SNC (Bancomext) and Banco de Sabadell SA in Spain, includes a USD-53.2-million long-term loan, a $5.6-million letter of credit facility and a $10.2-million Value Added Tax (VAT) short-term loan. The long-term loan will be used to re pay a $45-million construction loan obtained from Natixis, a unit of Groupe BPCE, in August.

    The Aguascalientes solar park is expected to start commercial operations by the end of the month.

    Canadian Solar claims a 436 MWp late-stage pipeline with contracted PPAs in the country. (Source: Canadian Solar, PR, NASDAQ, 14, Dec., 2018) Contact: Canadian Solar, Dr. Shawn Qu, CEO, www.canadiansolar.com

    More Low-Carbon Energy News Canadian Solar,  Solar,  


    Dominion Energy Issues Solar, Onshore Wind RFP (Ind. Report)
    Dominion Energy
    Date: 2018-10-26
    In the Old Dominion State, Richmond-based Dominion Energy reports it is seeking bids for up to 500 MW of solar and onshore wind generation as part of a plan to develop 3,000 MW of additional solar and wind power under the state's July 1, 2018, Grid Transformation & Security Act (GTSA).

    The company has pledged to have 3,000 MW of new solar and wind energy -- sufficient power for 750,000 homes -- under development or in operation by early 2022 and, to that end, intends to issue an RfP each year until the pledge has been met.

    The present RFP is soliciting bids for energy, capacity and environmental attributes including Renewable Energy Certificates, for new solar and onshore wind facilities of 5 megawatts (ac) or more located in Virginia. The proposals can be for PPAs and/or the purchase of development projects. The RFP outlines the proposal requirements and power and asset purchase agreement terms requiring a commercial operations date in 2020, as well as the price and non-price evaluation criteria. Notices of Intent to Bid and Confidentiality Agreements are due by November 2, 2018 with final asset purchase and power purchase proposals due December 13, 2018 and March 14, 2019 respectively. (Source: Dominion Energy, reve, 24 Oct., 2018)Contact: Dominion Energy, Robert M. Blue, President & CEO, Power Delivery Group, www.dominionenergy.com

    More Low-Carbon Energy News Dominion Energy,  Wind,  


    Statkraft Enables Wind Operations After Subsidies Expiration (Int'l)
    Statkraft
    Date: 2018-09-05
    Oslo-headquartered Norwegian wind industry major Statkraft reports it and six community wind farms have agree on PPAs with German industrial companies for 31 wind turbines. This will allow these wind farms in Germany to continue operating in the long term after the end of EEG funding.

    EEG funding for around 6,000 German wind turbines will expire on 1 January 2021. This corresponds to a total installed capacity of approximately 4,500 mw -- sufficient power for around 2.1 million households.

    According to current data, around 14,000 wind turbines with a total installed capacity of around 17,000 mw will no longer receive EEG subsidies in the period 2021 to 2026. This corresponds to more than one third of the onshore wind power currently installed in Germany. and, since wind farms are no longer eligible for EEG subsidies after 20 years, wind farm operators must submit a stability assessment and find alternative sales channels for the electricity. (Source: Statkraft, PR, 3 Sept., 2018) Contact: Stakraft, +47 24 06 70 00, www.statkraft.com

    More Low-Carbon Energy News Statkraft,  Wind,  


    Zambian RfP Seeks 100 MW of Solar Energy (Int'l Report)
    Zambia ,African Development Bank
    Date: 2018-09-05
    Via the tender, selected developers will be awarded 25-year PPAs for the sale of power to local utility, ZESCO. In Lusaka, the Zambian Ministry of Energy and the GET FiT Zambia Secretariat have issued a Request for Proposal (RfS) for the deployment of 100 MW of solar PV capacity The RfP follows the Request for Qualification phase, which was concluded in June and saw the shortlisting of 10 developers including Enel Green Power, Engie, EDF, and others. Selected developers will be granted a 25-year PPA by the local utility ZESCO.

    The tender is being held under the framework of the Zambian REFiT Strategy, an initiative developed with the support of German development bank, KFW. The REFiT program aims to initially tender up to 100 MW of PV and envisages the deployment of 200 MW small- and medium-scale renewable energy projects, up to a maximum size of 20 MW. Eligible renewables include solar PV, hydro, geothermal, biomass, waste energy and wind power. The Department of Renewable Energy and Energy Efficiency at the African Development Bank has issued an expression of interest to arrange debt financing for the five 20 MW IPP solar projects. The Zambian government is aiming to deploy 500 MW of solar PV over the next few years. (Source: Zambia Ministry of Energy, PV Mag, September 3, 2018) Contact: Zambia Ministry of Energy, www.mewd,gov.zm; African Development Bank, Amadou Hott, VP Power, Energy, Climate and Green Growth, +225 2026 3900, www.afdb.org/en

    More Low-Carbon Energy News Solar,  African Development Bank,  


    Aussie Flow Power Announces Windlab Energy Contract (Int'l)
    Flow Power,Windlab
    Date: 2018-08-15
    In the Land Down Under, business-focused electric power retailer Flow Power reports it has contracted to take 50 MW output from Windlab's proposed 104 MW Lakeland wind farm about 60kms south west of Cooktown in north Queensland.

    The contract is for up to 10 years, and will include the delivery of large scale renewable energy certificates. The price disclosed was not revealed. Flow Power specializes in offering corporate renewable Power Purchase Agreements (PPAs) which deliver cheaper electricity supply -- using wind and solar as the bulk energy source and "firming" contracts for the balance. (Source: Flow Power, RENew Economy, 9 Aug., 2018)Contact: Flow Power, 1300 08 06 08, www.flowpower.com.au; Windlab Ltd., Roger Price, CEO, +27 21 701 1292, www.windlab.com

    More Low-Carbon Energy News Wind,  Flow Power,  Windlab,  


    Apple Launches $300Mn China Suppliers Clean Energy Fund (Int'l)
    Apple
    Date: 2018-07-16
    IT giant Apple is reporting the launch of the China Clean Energy Fund intended to connect its Chinese suppliers with renewable energy sources. The Fund will see Apple partner with 10 initial suppliers to invest $300 million over the next four years to help develop more than 1 GW of clean energy projects in China.

    As reported in our 13 April edition, Apple says its global operations across 43 countries are now powered by 100 pct renewable energy and/or renewable energy PPAs. (Source: Apple, CleanTechnica, 13 July, 2018) Contact: Apple, Lisa Jackson, VP Environment, Policy and Social Initiatives, www.apple.com/ca/leadership/lisa-jackson

    More Low-Carbon Energy News Apple,  Renewable Energy,  


    Envision Energy, Bow Power Tout Wind Energy Partnership (Int'l)
    Envision Energy,Bow Power
    Date: 2018-07-13
    Shanghai-headquartered Envision Energy is reporting a strategic partnership with Bow Power to evaluate, develop, and operate utility-scale wind farm projects in Latin America, beginning with a 90-mw project in the Peninsula of Yucatan, Mexico.

    The Envision -- Bow Power joint venture in Energia Renovable de la Peninsula, is being developed by Envision's local partner ViveEnergia, and has PPAs with Mexico`s utility company CFE.

    Envision owns the world's largest Energy IoT platform, EnOS™, currently managing more than 100GW of energy assets globally. It is also the second largest wind turbine manufacturer in China and the sixth largest in the world.

    Bow Power, a joint venture from Spanish conglomerate ACS and Global Infrastructure Partners, invested in and managed seven assets with a total value higher than €1,200 million , including different technologies in several geographies, during its first year of operations. (Source: Envision Energy, PR, 12 July, 2018) Contact: Bow Power, www.bowpowerenergy.com; Envision (www.envision-group.com),

    More Low-Carbon Energy News Envision Energy,  Wind,  


    NextEra, AT&T Ink 300MW Wind Power PPA (Ind. Report)
    NextEra Energy Resources
    Date: 2018-06-20
    NextEra Energy Inc's subsidiary NextEra Energy Resources is reporting a renewable energy power purchase agreement (PPA) with AT&T Inc. As per the agreement, the partnership will acquire 300 MW of wind energy from two new wind farms in Wilbarger and Hardeman Counties, TX.

    In February, the partnership struck a similar PPA worth 520 MW from two wind farms located in Texas and Oklahoma. Cumulatively, these two consecutive PPAs will deliver 820 MW of wind power, which will supply electricity to more than 372,000 homes per year. (Source: NextEra, Open PR, 15 June, 2018) Contact: NextEra Energy Resources, www.nexteraenergyresources.com

    More Low-Carbon Energy News NextEra Energy Resources,  ATT,  Wind,  


    UAE, Saudis Lead MENA Renewable Energy Sector (Int'l Report)
    Arab Petroleum Investments Corporation
    Date: 2018-05-21
    According the Arab Petroleum Investments Corporation (APICORP), an energy sector development bank, the UAE and Saudi Arabia are leading the Middle East and North Africa's (MENA) renewable energy market, where the demand for power is expected to increase by 6.4 pct annually until 2022.

    APICORP notes that MENA's major energy-importing companies are working to improve renewable energy legislation and infrastructure, while most exporting countries have "done little to incorporate renewables."

    According to APICORP large oil and gas reserves and cheap extraction costs mean that hydrocarbons continue to meet rising demand in countries like Kuwait and Algeria. Legislative factors such as "policy uncertainty" and the lack of an efficient and supportive regulatory framework, are also contributing factors to the slow uptake of renewable energy. Even so, the UAE and Dubai are "on track” with their renewable energy targets and the introduction of competitive bidding, feed in tariffs (FiTs), tax exemptions, and power-purchase agreements (PPAs) to encourage renewable energy projects.

    The MENA countries typically include: Algeria, Bahrain, Djibouti, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Malta, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates, West Bank and Gaza, and Yemen. Ethiopia and Sudan are sometimes included. (Source: APICORP, Construction Week, 20 May, 2018) Contact: Arab Petroleum Investments Corporation, www.apicorp-arabia.com

    More Low-Carbon Energy News Solar,  Renewable Energy,  Renewables,  MENA,  


    Innergex, Energia Llaima Acquiring Chilean Hydro Project (Int'l, M&A)
    Energía Llaima,Innergex
    Date: 2018-05-18
    A partnership comprising renewable energy firms Energia Llaima and Innergex are reporting the planned acquisition of the 2001 vintage, 140MW Duqueco hydro project, which includes the 85-MW Peuchen and 55-MW Mampil hydro facilities on the Duqueco River.

    Electricity generated from the two hydro facilities will be sold under PPAs at fixed prices until 2020 and on the spot market. The acquisition is subject to regulatory approvals in Chile and marks a final partnership agreement between the two firms, who were selected through a bidding process. (Source: Innergex, Power Technology, 17 May, 2018) Contact: Energia Llaima, www.ellaima.cl; Innergex, Michel Letellier, Pres., CEO, (450) 928-2556, info@innergex.com, www.innergex.com

    More Low-Carbon Energy News Hydro,  Energia Llaima ,  Innergex,  


    Tunisia Awards 70 MW Solar Tender Contracts (Int'l Report)
    Tunisia Minister of Energy, Mines and Renewable Energies
    Date: 2018-05-09
    In Tunis, the Tunisian Minister of Energy, Mines and Renewable Energies reports it has awarded contracts for six 10 MW solar energy projects and four 1 MW, ground-mounted solar initiatives. 3

    All of the solar installations in various regions of the country will provide electricity to state-owned utility, Societe Tunisienne de l'electricite et du gaz (STEG) under long-term PPAs. (Source: Tunisia Minister of Energy, Mines and Renewable Energies, PV Mag., 8 May, 2018)May 8, 2018) Contact: Tunisia Minister of Energy, Mines and Renewable Energies, www.onm.nat.tn/en

    More Low-Carbon Energy News Solar,  ,  


    Vattenfall Offering 1-MW Corporate PPAs in the UK (Int'l)
    Vattenfall
    Date: 2018-05-02
    Swedish renewable energy specialist Vattenfall reports it will offer British businesses Power Purchase Agreements (PPAs) for as little as 1 MW direct from its 165 MW South Kyle Wind Farm.

    Vattenfall is behind the European Offshore Wind Deployment Centre (EOWDC) overlooking U.S. President Donald Trumps golf resort off the coast of North East Scotland. (Source: Vattenfall, PR, Various Media, May, 2018) Contact: Vattenfall Innovation, Daniel Hustadt, Proj. Manager Gunnar Groebler, VP Wind Energy, Magnus Hall, CEO, Pres, +46 8 739 5000, http://corporate.vattenfall.com; EOWDC, Aberdeen Renewables, Adam Ezzamel, Project Director, +44 (0) 1224 522104, www.aberdeenrenewables.com/about-areg/activities/european-offshore-wind-deployment-centre-eowdc

    More Low-Carbon Energy News Vattenfall ,  EOWDC,  Offshore Wind,  PPAs,  


    Reinvestment Fund Launches New Clean Energy Fund (Ind. Report)
    Reinvestment Fund
    Date: 2018-04-09
    Philadelphia-headquartered Reinvestment Fund is touting a new Clean Energy Fund that will offer loans of up to $3 million with terms out to 15 years. The Fund will make capital available to finance energy efficiency retrofit projects backed by Energy Savings Agreements and Power Purchase Agreement (PPAs) as well as supporting portfolios of smaller clean energy projects.

    Since 1995, Reinvestment Fund has invested over $115 million in projects ranging from solar installations to energy-efficient retrofits that have helped create or conserve the equivalent of 8 million MWh of electricity, cut CO2 emissions by 10.25 billion pounds, sulfur dioxide emissions by 89 million pounds and nitrogen oxide emissions by 24 million. These projects have provided environmental benefits by reducing . The clean energy lending has supported energy upgrades for 3.5 million square feet of facilities. (Source: Reinvestment Fund, April, 2018) Contact: Reinvestment Fund, Don Hinkle-Brown, President and CEO, (215) 574-5800, info@reinvestment.com, www.reinvestment.com

    More Low-Carbon Energy News Reinvestment Fund,  Energy Efficiency,  


    Recurrent Energy Completes Solar Projects Sale to KEPCO (M&A)
    Canadian Solar ,Korea Electric Power Corporation
    Date: 2018-03-19
    Canadian Solar Inc. subsidiary Recurrent Energy reports it has completed the sale of its interests in three solar PV projects totaling 235 MWac/309 MWp to the Korea Electric Power Corporation (KEPCO), a South Korean electric utility giant.

    KEPCO's acquisitions, which include the Astoria (100 MWac/131 MWp), Astoria 2 (75 MWac/100 MWp) and the Barren Ridge project (60 MWac/78 MWp) in Southern California, all came online in 2016 and have signed long-tern PPAs in place. The acquisitions are KEPCO's largest US solar investments to date. (Source: Canadian Solar, Zacks, NAZDAQ, 14 Mar., 2018) Contact: KEPCO, www.kepco.co.kr/eng; Canadian Solar, Dr. Shawn Qu, CEO, www.canadiansolar.com; Recurrent Energy, (415) 675-1500, http://recurrentenergy.com

    More Low-Carbon Energy News Recurrent Energy,  Canadian Solar ,  Solar,  Korea Electric Power Corporation ,  


    PGE Seeking Renewable Energy Bids (Ind. Report)
    Portland General Electric
    Date: 2018-03-09
    In Oregon, Portland General Electric (PGE) reports it is looking to add 100 average megawatts of renewable energy that complies with the state's renewable portfolio standard requiring the utility to source 15 pct of its retail load with renewables, rising to 20 pct in 2020 and ultimately to 50 pct in 2040. Price will be the most important consideration as the bids are scored by an independent evaluator, the utility stressed.

    The bids could include power purchase agreements (PPAs) or any of several ownership structures, including PPAs with purchase options or obligations, sales of existing assets, acquisition of project development assets and rights, joint ownership, and build-own-transfer agreements, the utility notes. PGE plans to submit a final draft RFP to the Oregon PUC by the end of next week, and a tentative schedule sees proposals due by June 15 and the process completed by year end. (Source: PGE, Portland Business Journal, 2 Mar., 2018)Contact: Portland General Electric, Steve Corson, (503) 464-8444, www.portlandgeneral.com

    More Low-Carbon Energy News Portland General Electric,  Wind,  Solar,  Renewable Energy,  


    Platte River Seeks Solar, Energy Storage Proposals (Ind. Report)
    Platte River
    Date: 2018-02-28
    In Fort Collins, Colorado, nonprofit utility Platte River Power Authority has issued a request for proposals (RfP) for at least 20MW of solar PV systems and up to 5MWh of battery energy storage for its power mix in Colorado. The projects must connect to Platte River's transmission systems, such as the substation for its 280MW coal-fired power plant known as the Rawhide Energy station. The deadline for proposals is 30 March.

    Presently, 30 pct of Platte River's power is sourced from wind, solar and other carbon-free energy sources. In January, the utility entered into a 150MW wind PPA that will raise that percentage to 48 pct. Platte River is also considering long-term PPAs for solar projects that are expected to come online between June 2019 and the end of 2021. (Source: Platte River, Energy Storage, 27 Feb., 2018) Contact: Platte River Power Authority, Jason Frisbie, CEO, (970) 220-4000, www.prpa.org

    More Low-Carbon Energy News Platte River,  Energy Storage,  Solar,  Renewable Energy,  


    PNM Seeks Wind, Solar Approvals for Facebook Data Center (Ind. Report)
    Public Service Company of New Mexico
    Date: 2018-01-24
    In Albuquerque, the Albuquerque Journal is reporting New Mexico's largest electricity provider Public Service Company of New Mexico (PNM) is seeking state regulatory approval for power purchase agreements (PPAs) with two companies that would build new wind and solar farms to serve Facebook's new Los Lunas data center which is under construction south of Albuquerque.

    PNM is presently constructing three solar plants to supply the center's first two buildings, and has negotiated agreements with Avangrid Renewables and NextEra Energy Inc. to construct and operate two wind farms and a $75 million solar facility to meet the data center's added energy needs. The companies would sell the generated power to the utility for delivery. PNM is proposing Avangrid build a wind farm by 2020 east of Estancia in central New Mexico, and that NextEra constructs a $72 million wind farm before the year end. (Source: Public Service Company of New Mexico, Santa Fe New Mexican ,Albuquerque Journal, 20 Jan., 2018) Contact: Public Service Company of New Mexico, Pat O'Connell, Dir. Resource Planning, (505) 241-2700, www.pnm.com; Avangrid Renewables, Laura Beane, CEO, www.avangridren.com; NextEra Energy Resources LLC, Zack Melda, Project Director, (561) 691-7171, www.nexteraenergyresources.com

    More Low-Carbon Energy News Avangrid Renewables ,  NextEra Energy,  Public Service Company of New Mexico,  Wind,  Solar,  Facebook,  


    Quinbrook Closes on $268Mn for Oklahoma Wind Farm (Ind. Report)
    GE Energy Financial ServiceQuinbrook Infrastructure Partners
    Date: 2018-01-19
    Houston-headquartered Quinbrook Infrastructure Partners Llc reports it has completed $268 million in financing for for the first phase of the 365MW Persimmon Wind Farm in Oklahoma.

    Phase one includes construction and installation of of 73, 2.5MW and 7, 2.3MW GE wind turbines.

    GE Energy Financial Services will provide $190 million in tax equity financing for the project and has served as a bookrunner, administrative agent and lender for $252 million of credit facilities.

    Quinbrook recently acquired a 75 pct controlling interest in Persimmon and formed a joint venture with Elawan Wind -- formerly Gestamp Wind -- the initial developer of the project.

    When fully operational, the Persimmon wind farm is expected to generate about 900,000MWh of power per year. Quinbrook and Elawan claim to have secured long-term PPAs with an investment grade counterparty to support the overall financing. (Source: Quinbrool, Kallanish, CTBR, 17 Jan., 2018) Contact: GE Renewable Energy, Pete McCabe, President & CEO Onshore Wind Business, www.ge-energy.com Quinbrook Shawn Cumberland, Managing Dir., (713) 580-8022, www.quinbrook.com; GE Energy Financial Service, www.geenergyfinancialservices.com; Elawan Wind, www.elawan.com/en/business/wind-farms.

    More Low-Carbon Energy News Wind,  GE Renewable Energy,  GE Energy Financial Service,  


    Avangrid Completes New Wind Farms in Colorado, New Mexico and California (Ind. Report)
    Avangrid Renewables,Iberdrola Renewables
    Date: 2018-01-17
    Portland, Oregon-based Avangrid Renewables, formerly known as Iberdrola Renewables, LLC, reports it has begun operation on than 500 MW of new wind farms in California, New Mexico, and Colorado: 131 MW, 57-turbine Tule Wind Farm in the McCain Valley, California; the 298 MW, 142-turbine El Cabo Wind Farm near Albuquerqur New Mexico; and the 75 MW, 36-turbine Twin Buttes II Wind Farm in Colorado. The three projects all have long term PPAs in place.

    Avengrid's U.S. fleet now includes 3,300 wind turbines across 22 states.

    Avangrid is a diversified energy and utility company with approximately $32 billion in assets owns regulated utilities and electricity generation assets through two primary lines of business, Avangrid Networks and Avangrid Renewables. Avangrid Networks incorporates eight electric and natural gas utilities serving approximately 3.2 million customers in New York and New England. Avangrid Renewables operates over 6 GW of owned and controlled renewable generation capacity, primarily through wind and solar, in 22 states. (Source: Avangrid, PR, Various Media, 14 Jan., 2018) Contact: Avangrid Renewables, Laura Beane , ceo, www.avangridren.com

    More Low-Carbon Energy News Avangrid Renewables,  Iberdrola Renewables,  Wind,  


    Vail Resorts Moving to Renewables, Carbon Neutrality (Ind. Report)
    Vail Resorts
    Date: 2018-01-15
    Broomfield, Colorado-based Vail Resorts reports it has contracted with Schneider Electric subsidiary Renewable Choice Energy, based in Boulder, Colo., to help identify and implement renewable energy projects that it can either purchase, fund, or purchase power from as part of its comprehensive sustainability commitment and goal of utilizing 100 pct renewable energy.

    Vail Resorts is not necessarily seeking projects or PPAs from states where it has operations. State where Vail has no operations, ie Pennsylvania or Nebraska, would qualify. Many cities and some counties where Vail does business have adopted 100 pct renewable goals, among them South Lake Tahoe, Breckenridge and Park City. The utilities that serve these resorts have also generally agreed to work with the localities to push the clean-energy agenda. (Source: Vail Resorts, Mountain Town News, 11 Jan., 2018) Contact: Vail Resorts, Auden Schendler, VP Sustainability, Rob Katz, CEO, (303) 404-1800, www.vailresorts.com

    More Low-Carbon Energy News Vail Resorts,  Renewable Energy,  Carbon Neutrality,  


    Partners Group Snares Shell's Dutch Offshore Wind Farm Stake (M&A)
    Shell,Partners Group Holding AG
    Date: 2018-01-10
    Swiss investor Partners Group Holding AG (PGHN.S) reports it has acquired a 45 pct stake in 700 MW, Blauwwind II offshore wind project in the Netherlands, from Shell, Mitsubishi and Netherlands-based Eneco Group. Terms of the transaction have not been disclosed.

    Shell notes it will continue investing in major offshore wind projects by arranging the highest-risk financing phase then disposing of some or all of its stake once funding has been arranged and sufficient PPAs in place for the energy produced. (Source: Shell, Reuters, 8 Jan., 2018) Contact: Partners Group Holding AG, www.partnersgroup.com; Eneco Group, www.enecogroup.com; Shell US, (713 )241-6161, www.shell.us

    More Low-Carbon Energy News Shell,  Wind,  Eneco,  


    EDPR Secures $507Mn for 7 Renewable Energy Projects (Ind. Report)
    EDP Renewables North America
    Date: 2018-01-05
    Houston-headquartered EDP Renewables North America reports it has closed on $507 million financing with Bank of New York Mellon for 4 wind farms and 3 solar plants totaling 423 MW capacity.

    All of the 7 projects, which are located in Indiana, Oklahoma, Wisconsin and Ohio respectively, have long-term PPAs in place. (Source: EDP Renewables North America, 2 Jan., 2018) Contact: EDP Renewables North America, (713)265-0350 - Houston, +351 21 001 25 00, www.edpr.com

    More Low-Carbon Energy News EDP Renewables North America,  Renewable Energy,  


    Capstone Infrastructure Completes Nova Scotian Wind Farms Acquisitions (M&A)
    Capstone Infrastructure
    Date: 2018-01-03
    Toronto-headquartered Capstone Infrastructure Corporation reports it has acquired the remaining interests in Glen Dhu Wind Energy Limited Partnership and Fitzpatrick Mountain Wind Energy Inc. as well as closed a new corporate credit facility. Capstone acquired the remaining 51 pct interest in Glen Dhu, a 62.1 MW wind facility located near Merigomish, Nova Scotia, and the remaining 50% interest in Fitzpatrick, a 1.6 MW wind facility located near Pictou, Nova Scotia. Both wind farms have long term PPAs and continue to be managed and operated by a subsidiary of Capstone.

    Capstone currently owns, operates and develops thermal and renewable power generation facilities in North America with a total installed capacity of net 541 megawatts. (Source: Capstone Infrastructure Corporation, PR, 1 Jan., 2017) Contact: Capstone Infrastructure Corp., Andrew Kennedy, CFO, (416) 649-1300 akennedy@capstoneinfra.com,

    More Low-Carbon Energy News Capstone Infrastructure,  Wind,  

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