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DESRI Completes Financing 79-MW Assembly Solar Project (Ind. Report)
D. E. Shaw Renewable Investments
Date: 2021-04-19
NYC-headquartered D. E. Shaw Renewable Investments (DESRI), a leading provider of cost-effective renewable energy across North America, reports the financial closing of Assembly Solar III, a 79-mw solar project in Lennon, Michigan. DESRI is moving forward with construction after securing both construction debt and tax equity financing for the project.

The Assembly Solar III project is the third phase of the Assembly Solar project in Michigan to begin construction. The projects were developed by Chicago-based Ranger Power in partnership with DESRI, and are being constructed by McCarthy Building Companies, Inc. Assembly I began operating in December 2020 and Assembly II is slated to reach commercial operation in the third quarter of 2021. The Assembly Solar cluster will total 239 MW and generate sufficient power for more than 43,000 Michigan homes.

DESRI and its affiliates acquire, own, and manage long-term contracted renewable energy assets in North America. DESRI's portfolio of contracted renewable energy projects currently includes 75 wind and solar projects across 32 states with 5,372 MWac of aggregate capacity. (Source: D. E. Shaw Renewable Investments, PR, 19 Apr., 2021) Contact: DESRI, (212) 478-0000, www.deshaw.com

More Low-Carbon Energy News D. E. Shaw Renewable Investments news,  DESRI news,  Solar news,  


Ranger Touts $175Mn Indiana "Speedway Solar" Project (Ind. Report)
Ranger Power,Wabash Valley Power Association
Date: 2019-05-27
Brooklyn, New York- headquartered Ranger Power reports it will break ground on a $175 million, Indiana beginning in 2022. The project -- dubbed "Speedway Solar" -- is expected to come online in 2023 when it will generate sufficient electric power for 35,000 households.

Electricity generated by the project will be distributed through Indianapolis-based Wabash Valley Power Association, a wholesale electric supplier to 19 non-profit electric cooperatives in Indiana. The agreement extends through 2057.

Approximately 1,014 acres of the 1,200 acres of the Ranger Power project are devoted to panels; the balance is for buffer space and other project elements. Ranger has signed 17 lease agreements with private landowners in the county, which adjoins Indianapolis. The project is called Speedway Solar, a reference to the Indianapolis 500 racing tradition. It was approved by the Shelby County Council approval in March 2019. Four-hundred jobs will be created during construction; four will be required to operate the site. Ranger is developing a total of 3,000 megawatts of utility-scale solar projects in the Midwest. Wabash Valley partnered with Ranger Power on two large arrays in Illinois in 2017. (Source: Ranger Power, Building Indiana, 26 May, 2019) Contact: Ranger Power, Adam Cohen, CEO, info@rangerpower.com, www.rangerpower.com; Wabash Valley Power Association, Brian Anderson, Ec. Dev., (317) 481-2800, info@wvpa.com, www.wvpa.com

More Low-Carbon Energy News Ranger Power,  Solar,  


Dairyland Power, Badger State Solar Ink 149 MW PPA (Ind. Report)
Dairyland Power Cooperative,Ranger Power
Date: 2019-03-20
In the Badger State, La Crosse-based electric utility Dairyland Power Cooperative is reporting it will purchase all the energy produced at the proposed Badger State Solar Project in Jefferson County. The solar farm, developed by Brooklyn, New York-based Ranger Power, would generate 149 MW of electricity - sufficient power for roughly 20,000 homes each year.

Although the project is awaiting regulatory approvals, a 2020 construction start date and 2022 operation startup date are planned.

Dairyland's solar portfolio, which currently consists of 18 solar sites that provide 25 MW total, by almost seven-fold. Dairyland has about 1,350 MW of owned and contracted capacity from coal, natural gas, hydro, wind, solar, and landfill gas.

According to Dairyland's 2017 annual report, 69 pct of its energy came from fossil fuels, while renewables made up 22 pct of their energy portfolio. The report notes that in 2027 23 pct of it power would come from wind, solar and other renewables. (Source: Dairyland Power, laCrosse Tribune, 18, Mar., 2019) Contact: Dairyland Power, Barbara Nick, Pres., CEO, (608) 788-4000, www.dairylandpower.com; Ranger Power, info@rangerpower.com, www.rangerpower.com; Badger State Solar, www.rangerpower.com/badger-state-solar

More Low-Carbon Energy News Badger State Solar ,  Dairyland Power,  Solar,  Ranger Power,  

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