Additionally, TransAlta plans to suspend its Sundance Unit 5 coal power plant repowering project, as well as retire Keephills Unit 1 from December 31, 2021 and Sundance Unit 4 from April 1, 2022.
The company's development pipeline stands at 1.2 GW in the US, up to 2 GW in Canada and 270 MW in Australia. (Source: Transalta, PR, 28 Sept., 2021) Contact: Transalta, (855) 255-9184, www.transalta,com
More Low-Carbon Energy News TransAlta, Renewable Energy,
The North Carolina Solar portfolio incorporates 20 solar photovoltaic facilities across North Carolina, with an aggregate capacity of 122 MW. The facilities are all operational and were commissioned between November 2019 and May 2021, and have PPAs in place with Duke Energy subsidiaries with an average remaining term of 12 years. Under the PPAs, Duke receives the renewable electricity, capacity, and environmental attributes from each facility.
(Source: Transalta, PR, Sept., 2021) Contact: Copenhagen Infrastructure Partners, Kristina Negendahl Jessen, +45 70 70 51 51, email@example.com, www.cip.dk; TransAlta, (855) 255-9184, www.transalta.com
More Low-Carbon Energy News Copenhagen Infrastructure, Transalta, Solar, Duke Energy,
The assets will be acquired from a fund managed by Copenhagen Infrastructure Partners for US$96.65 million, subject to working capital adjustments and the assumption of existing tax equity obligations. The acquisition will be funded using existing liquidity. Income distributions to the Company will be net of cash and tax attributes provided to the tax equity investor. The acquisition is subject to customary regulatory approvals and is expected to close in the fourth quarter of 2021. The transaction is structured so that at closing, TransAlta Renewables will acquire a 100% economic interest in North Carolina Solar from a wholly-owned subsidiary of TransAlta Corporation through a tracking share structure.
. The North Carolina Solar portfolio consists of 20 solar photovoltaic facilities across North Carolina, with an aggregate capacity of 122 MW. The facilities are all operational and were commissioned between November 2019 and May 2021. The facilities are secured by long-term power purchase agreements (“PPAs”) with two subsidiaries of Duke Energy (“Duke”), which have an average remaining term of 12 years. Under the PPAs, Duke receives the renewable electricity, capacity, and environmental attributes from each facility. North Carolina Solar is expected to generate an average annual EBITDA of approximately US$9 million and average annual cash available for distribution (“CAFD”) of approximately US$7 million.
The $96 million acquisition is expected to produce approximately 195,000 MWh per year;
average annual EBITDA and CAFD of approximately US$9 million, and US$7 million; respectively;
an investment Tax Credit (ITC) Partnership flip-based tax equity structures with target flip dates in 2026-- 2028, with assumed tax equity obligations of US$28 million at close, reducing to US$11 million by end of 2021 upon monetization of the ITC; and
long term contracted cashflows with investment grade counterparties.
The portfolio includes: 20 operating facilities across North Carolina ranging in size from 3.2 MW to 6.7 MW;commercial operational dates ranging from November 2019 to May 2021, andaverage remaining PPA term of 12 years with Duke.
(Source: Transalta, PR, Sept., 2021
The Skookumchuck project is the company's 12th wind facility in the U.S. Southern Power purchased a majority stake in the facility from Renewable Energy Systems (RES) Group in Oct, 2019 for an undisclosed price. The wind farm is expected to generate sufficient power for roughly 30,000 homes.
(Source: Southern Power, PR, Website, Daily Chronicle, 6 Dec., 2020)Contact: Southern Power, www.southernpowercompany.com; TransAlta, (855) 255-9184, www.transalta.com; Renewable Energy Systems Group, RES Americas, Andrew Fowler, (303) 439-4225, firstname.lastname@example.org, www.res-americas.com
More Low-Carbon Energy News Renewable Energy Systems Group, Southern Power, TransAlta ,
Southern Power is the majority owner with TransAlta Corporation holding a minority ownership position in the Skookumchuck Wind Facility which was developed and constructed by Renewable Energy Systems.
Southern Power's wind portfolio includes more than 2,115-MW of wind generation -- part of the company's 4,510-MW renewable fleet of 41 wind and solar facilities operating or under construction. (Source: Southern Power, PR, Power Eng., 1 Dec., 2020) Contact:
Southern Power, Bill Grantham, Pres.,(404) 506-5000, www.southerncompany.com; RES Group,www.res-group.com; PSE, David Mills, Snr. VP, CSO, Bob Stolarski, Director Energy Management and Renewables, (425) 454-2000, www.pse.com
More Low-Carbon Energy News Puget Sound Energy, Renewable Energy Systems, Southern Company, Southern Power, Renewable Energy Systems , Wind,
The $200 million project, which is slated to begin producing power by December of this year, will generate 137 MW of electricity, enough to power about 100,000 households. The electricity will be sold to Puget Sound Energy. (Source: TransAlta, Daily Chronicle, 29 May, 2019) Contact: RES Americas, Andrew Fowler, (303) 439-4225, email@example.com, www.res-americas.com;
TransAlta, TransAlta, (855) 255-9184, www.transalta.com
More Low-Carbon Energy News TransAlta, Wind, RES-America,