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NextEra Energy Partners Taking Stake in 2,520-MW Renewables Portfolio (M&A, Ind. Report)
NextEra Energy Partners
Date: 2021-10-22
Juno Beach, Florida-headquartered NextEra Energy Partners LP reports an agreement with a subsidiary of NextEra Energy Resources, LLC to acquire a 50 pct interest in an approximately 2,520-MW renewables portfolio. In conjunction with the acquisition, NextEra Energy Partners has also entered into an approximately $824 million convertible equity portfolio financing with Apollo Global Management (Apollo). NextEra Energy Partners expects to acquire the interests in the assets for approximately $849 million, subject to working capital and other adjustments, plus NextEra Energy Partners' share of the portfolio's total tax equity financings, which is estimated to be approximately $866 million at the time of closing. The acquisitions include:
  • White Mesa Wind, an approximately 501-MW wind generation facility in Texas

  • Irish Creek Wind, an approximately 301-MW wind generation facility in Kansas

  • Hubbard Wind, an approximately 300-MW wind generation facility in Texas.

  • Cool Springs Solar, an approximately 213-MW solar generation and 40-MW solar storage facility in Georgia

  • Little Blue Wind, an approximately 251-MW wind generation facility in Nebraska

  • Dodge Flat Solar, an approximately 200-MW solar generation and 50-MW solar storage facility in Nevada

  • Elora Solar, an approximately 150-MW solar generation facility in Tennessee

  • Quitman II Solar, an approximately 150-MW solar generation facility in Georgia

  • Fish Springs Ranch Solar, an approximately 100-MW solar generation and 25-MW solar storage facility in Nevada

  • Minco Wind Energy III, an approximately 107-MW wind generation facility in Oklahoma

  • Ensign Wind Energy, an approximately 99-MW wind generation facility in Kansas

  • Borderlands Wind, an approximately 99-MW wind generation facility in New Mexico

  • Quinebaug Solar, an approximately 49-MW solar generation facility in Connecticut

    The acquisition is expected to close late this year or in early 2022, subject to customary closing conditions and regulatory approvals. (Source: NextEra Energy Partners LP, Website PR, 22 Oct., 2021) Contact: NextEra Energy Partners LP, www.nexteraenergypartners.com

    More Low-Carbon Energy News NextEra Energy Partners,  


  • Terra-Gen Closes Financing on CA Solar+Storage Facility (Ind. Report)
    Terra-Gen
    Date: 2021-08-02
    NYC-headquartered independent renewable energy provider Terra-Gen, LLC reports completion of $804 million financing on the initial phase of its Edwards Sanborn Solar Storage facility in Kern County, California.

    When fully operational the project will produce sufficient clean energy for more than 158,000 homes and displace more than 307,000 tpy of CO2. The Edwards Sanborn Solar Storage facility incorporates 346 MWac of solar modules and 1,501 MWh of battery storage.

    The project is on land leased from Edwards Air Force Base as well as on adjacent private land. Mortenson is the full engineering, procurement and construction contractor on both the solar and energy storage scopes with First Solar supplying the solar modules and LG Chem and Samsung supplying the batteries.

    Terra-Gen, LLC is a leading U.S. developer, owner, and operator of utility-scale renewable energy projects in North America. Terra-Gen owns approximately 1.3 GW and 77MWh of wind, solar and energy storage capacity in operation across 26 renewable power facilities throughout the United States. Terra-Gen was formed in 2007 and is owned by ECP, a leading investor in infrastructure facilitating the energy transition, and First Sentier Investors, a leading global asset manager. (Source: Terra-Gen LLC, PR Contact: Terra-Gen LLC, Jim Pagano, CEO, 646-829-3909, 646-829-3900, jpagano@terra-gen.com, www.terra-gen.com

    More Low-Carbon Energy News Terra-Gen news,  Solar+Storage news,  Energy Storage news,  


    Duke Raises $109.4Mn for Solar, Storage Projects (Ind. Report)
    Duke Energy Renewables, REC Solar
    Date: 2020-08-21
    Charlotte, North Carolina-based Duke Energy Renewables reports the closing of $109.4 million in a preferred tax equity funding from Goldman Sachs' Alternative Energy Investing Group.

    The investment will be used over 18 months to fund a diverse portfolio of approximately 75 MW of solar and solar-plus-storage projects to be developed and constructed by Duke Energy Renewables' subsidiary REC Solar. Projects will feature ground-mount and rooftop commercial and industrial projects, as well as community solar projects in several states.

    Duke Energy Renewables, a non-regulated unit of Duke Energy, operates U.S. wind and solar generation facilities totaling 3,000 MW as well as energy storage and microgrid projects. (Source: Duke Energy News Center, Website, 18 Aug., 2020) Contact: Duke Energy Renewables, Chris Fallon, (704) 594-6200, chris.fallon@duke-energy.com, www.duke-energy.com; REC Solar, www.recsolar.com

    More Low-Carbon Energy News Duke Energy Renewables,  Solar,  Solar Storage,  REC Soilar,  


    Gainesville Utility Inks Solar-plus-Storage PPA (Ind. Report)
    Gainesville Regional Utilities
    Date: 2020-07-22
    In the Sunshine State, Gainesville Regional Utilities (GRU)is reporting a PPA with developer Origis Energy for a solar-plus-storage project in the state.

    The project is claimed to be the first of its kind in GRU's service area and will combine 50MW of solar PV with 12MW of energy storage. It will be constructed by Origis Energy in Alachua County and is slated for completion in late 2022.

    The City of Gainesville approved a target of 100 pct power from renewables 2045, with GRU developing its renewables portfolio as it progresses towards that goal. To date, BRU's resources include the 103MW biomass-fired Deerhaven Renewable Generation Station, 3.6MW of landfill-gas fired units and 18.5MW of feed-in tariff accredited solar. GRU also has approximately 9 MW of customer-owned and net-metered solar currently connected to its distribution system. (Source: Gainesville Regional Utilities, PR, July, 2020) Contact: Gainesville Regional Utilities, Ed Bielarski, GM, 352-334-3400, www.gru.com

    More Low-Carbon Energy News Gainesville Regional Utilities,  Solar,  Solar Storage,  


    NV Energy Announces Greenlink, Solar-Storage Projects (Ind. Report)
    NV Energy
    Date: 2020-07-22
    Las Vegas-based NV Energy is touting its plans for Greenlink Nevada, a proposed transmission and renewable energy initiative that will transform Nevada's clean energy landscape and position the state to achieve its environmental and carbon reduction goals.

    Greenlink Nevada is comprised of two distinct transmission line segments that, once completed, will allow access to and future development of Nevada's renewable energy resources, will increase electric reliability for Nevadans and will position Nevada as an energy leader in the western U.S. The project will also provide the infrastructure needed to support the growth of new and expanding businesses in Nevada from west Henderson to Apex in North Las Vegas to Innovation Park outside of Reno.

    Greenlink North, the first major segment, will be a 525 kV line that spans approximately 235 miles from Ely, NV to Yerington, NV. Greenlink West, the second major segment, will be a 351 mile, 525 kV line from Las Vegas, NV to Yerington, NV. Greenlink Nevada will also include three 345 kV lines from Yerington, NV to the Reno and Innovation Park areas to support new economic development. Greenlink Nevada is subject to the Public Utilities Commission of Nevada approval.

    NV Energy also announced three new solar plus storage projects which will be built in southern Nevada and come online in 2023:

  • Dry Lake Solar Project -- 150 megawatt solar photovoltaic project with a 100 megawatt, four-hour battery storage system. The project will be located in Clark County, NV, 20 miles northeast of Las Vegas in a designated Solar Energy Zone on land leased from the Bureau of Land Management. It is being developed by NV Energy and will become its second and largest company-owned renewable project.

  • Boulder Solar III -- 128 megawatt solar array that includes a 58 megawatt, four-hour battery storage system. The project will be built in Clark County, NV in the Eldorado Valley south of Boulder City. It is being developed by 174 PowerGlobal and KOMIPO America Inc., who have vast experience developing over 550 megawatts of utility-scale solar generation plants in the Eldorado Valley. 174 PowerGlobal's solar energy and battery storage project pipelines in North America exceeds 10 gigawatts, including 2 gigawatts contracted and another 1.5 gigawatts in operation.

  • Chuckwalla Solar Project -- 200 megawatt (AC) solar photovoltaic array coupled with a 180 megawatt, four-hour battery storage system. The project will be located in Clark County, NV 25 miles northeast of Las Vegas within the Moapa River Indian Reservation. It is being developed by EDF Renewables North America, a market leading independent power producer and service provider with 35 years of expertise in renewable energy. EDF Renewables' North American portfolio consists of 16 gigawatts of developed projects and 11 gigawatts under service contracts. (Source: NV Energy, PR, 21 July, 2020) Contact: NV Energy, Doug Cannon, Pres., CEO, www.nvenergy.com

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


  • Enel's 1st North Am. Solar + Storage Project Underway (Ind. Report)
    Enel Green Power
    Date: 2020-07-22
    Enel Green Power is reporting construction is underway on the Lily solar + storage project, the company's first North American hybrid project that integrates a renewable energy plant with utility-scale battery storage.

    In addition to the Lily solar + storage project, the firm also announced plans to install approximately 1 GW of battery storage capacity across its new and existing U.S. wind and solar projects over the next two years. (Source: Enel Green Power, PR, July, 2020) Contact: Enel Green Power, Antonio Cammisecra, CEO, www.enelgreenpower.com

    More Low-Carbon Energy News Enel Green Power,  Solar,  ,  Battery Energy Storage,  Solar Storage,  


    Longroad Tapped for Hawaiian Solar Storage Projects (Ind. Report)
    Longroad Energy
    Date: 2020-06-10
    Following up on our 15th May report, renewable energy project developer Longroad Energy reports it has been selected by the Hawaiian Electric Company (HECO) to develop and construct two utility-scale solar and battery storage projects with 160MW of solar with 640MWh of battery storage capacities in Hawaii.

    The 120MWac/480MWh Mahi Solar project will be developed in Kunia, Oahu, while the 40MWac/160MWh Pulehu Solar power facility will be built in Pulehu, Maui. The two projects are slated for completion in 2023. Longroad also has plans to negotiate power purchase agreements (PPA) with HECO in the next few months, including beginning the permitting process and virtual public meetings. (Source: Longroad Energy, PR, HECO, PowerTech, June, 2020) Contact: Longroad Energy, Paul Gaynor, CEO, www.longroadenergy.com; HECO, Jim Alberts, Snr. VP, Shelee Kimura, VP Bus. Dev., (808) 543-7780, andrfi@hawaiianelectric.com, www.hawaiianelectric.com

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


    Ca. Clean Power Alliance Eyes Solar-Energy Storage Site (Ind Report)
    Clean Power Alliance
    Date: 2019-10-04
    In the Golden State, the Clean Power Alliance, the California government-run agency now responsible for supplying electricity to over 1 million homes and businesses in Los Angeles and Ventura counties, reports it is looking to Moorpark as the site of its first stand-alone battery solar energy storage facility. The exact location and developer of the facility have not been revealed.

    If constructed, the energy storage facility would enable the Alliance comprising 29 cities and two counties, to distribute electricity during peak-demand times and reduce the need for natural gas at night or on cloudy days, according to CPA.

    Required by state law to get 55 pct of their energy from renewable sources by 2025, all power companies in California are investing in solar storage. To date, CPA has executed three agreements, two for solar and one for hydroelectric. The projects, still under construction, are expected to go online between December 2020 and December 2022, according to CPA. (Source: Clean Power Alliance, Thousand Oaks Acorn, Oct., 2019) Contact: Clean Power Alliance, Ted Bardacke, Exec. Dir., www.cleanpoweralliance.org

    More Low-Carbon Energy News Clean Power Alliance ,  Soar,  Energy Storage,  


    APS Plans 850MW Solar Battery Storage (Ind. Report)
    Arizona Public Service
    Date: 2019-02-25
    US-based electric utility Arizona Public Service (APS) is planning to add battery storage to its fleet of solarpower plants, as well as build solar facilities with storage. As part of the initiative, the company plans to add 850MW of battery storage and at least 100MW of new solar generation by 2025.

    Large-scale solar plants owned by APS across the state will be upgraded with 200MW of battery storage systems. A team from Invenergy, an Illinois-based energy company will install six new battery systems at solar plants in Maricopa County and Yuma by 2020, with the balance to be complete by 2021. The utility is also planning to construct 500MW of solar storage and standalone battery storage by 2025 as part of its long-term clean-energy transition objective. (Source: APS, PowerTech, 25 Feb., 2019) Contact: Arizona Public Service Company, www.aps.com

    More Low-Carbon Energy News Arizona Public Service,  Solar,  Energy Sorage ,  

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