Advanced Ionics, a US-based provider of next-generation industrial electrolysers that can produce green hydrogen for less than $1 per kg, has announced the completion of a $4.2 million seed round led by Clean Energy Ventures and SWAN Impact Network.
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Aker Clean Hydrogen, a portfolio company of Aker Horizons, has partnered with Statkraft and SOWITEC to explore opportunities to create green hydrogen and ammonia in India and Brazil. The steel and fertiliser industries in India and Brazil would be the focus of the collaboration. Green hydrogen will be used to replace grey, fossil-fuel-based hydrogen, coal, and natural gas as a fuel and feedstock in the collaboration.
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First Solar and Leeward Renewable Energy (LRE) have signed an agreement under which First Solar will supply 1 GW of advanced, ultra-low carbon and thin-film PV solar modules to Leeward. As per the company’s statement, LRE plans to deploy these modules across its 20 GW solar development and construction pipeline in the US between 2023 and 2024.
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Quinbrook Infrastructure Partners and Primergy Solar have secured almost $2 billion in debt and tax equity financing for the Gemini solar plus 380 MW storage project in Nevada, US. Gemini was developed by Primergy, a wholly owned portfolio company of Quinbrook. The debt funding includes a construction/term loan, a tax equity bridge loan, and a letter of credit facility totaling $1.3 billion.
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Enel Generación Chile has signed a power purchase agreement with Atlas Renewable Energy to develop the latter’s first wind energy project. The three wind farms, which have a total capacity of 417 MW, can create 1.3 TWh of renewable energy annually and contribute to the country’s goal of accelerating its clean energy transition.
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Blackheath Resources Inc. and Wolverine Energy and Infrastructure Inc. have entered into an amalgamation and arrangement agreement for the proposed sale of Wolverine’s clean energy assets, renewable natural gas (RNG) development projects and solids recycling facilities to Blackheath for total proceeds of $150 million. The proceeds from the sale of the clean energy assets will be $50 million in cash, with the remainder of such proceeds comprising shares of Blackheath.
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The U.S. Department of Energy (DOE) has pledged about $100 million to fund research and development of transformative clean energy technology. The announcement is in line with the newly formed government’s agenda to curb climate change. The funding will be used to identify innovative clean energy technology to combat the climate crisis. The DOE also announced that it would participate in the National Climate Task Force’s Climate Innovation Working Group. Through this, it aims to coordinate government-wide efforts in developments such as net-zero carbon buildings, battery storage, lower-cost green hydrogen, and direct air capture to help the United States reach net-zero emissions by 2050.
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The Government of Canada is working with partners to reduce northern communities’ reliance on diesel for heating and electricity by increasing the use of local renewable energy sources and improving energy efficiency. To this end, the Northern Responsible Energy Approach for Community Heat and Electricity Program (Northern REACHE) has provided $88,000 to Nihtat Energy Limited to undertake a pre-feasibility study to assess the viability of developing biomass district energy systems in Inuvik.
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The 100 MW Oruro photovoltaic solar plant located in Bolivia has been inaugurated. It covers an area of 208 hectares and is the largest solar park in Bolivia. It was constructed in two phases. In this solar plant, 300,000 polycrystalline solar panels with an individual capacity of 330 W each were installed.
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AES Clean Energy has announced the closing of the $154.2 million in non-recourse debt financing for Luna Storage, a 400 MWh standalone battery storage project in California. The project is located in the city of Lancaster in Los Angeles County in California. The fund was raised by KeyBanc Capital Markets Inc., Credit Agricole Corporate and Investment Bank, Silicon Valley Bank, and Export Development Canada. The transaction was closed by sPower, an independent power producer, which merged in January 2021 to become a part of AES Clean Energy’s business in the United States.
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DB Invest, a member of the IDB Group, has awarded a USD 125 million financial package to Engie Energía Chile, a subsidiary of the Engie Group, in a bid to accelerate the decarbonization of the country’s electricity sector. The funds, with a period of up to 12 years, will be used to build, operate and maintain the Calama wind farm with an installed capacity of approximately 151 MW, which will be located in the vicinity of the city of Calama, in the Antofagasta region.
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SunnyCal Solar Inc., a provider of innovative solar products, announces release of a new electric vehicle (EV) solar carport to provide independent charging power for EVs. These carports are by patented Steel Roof Solar (SRS) modules that have crystalline solar cells built into the metal roof sheets. These SRS modules create energy that is stored in a local battery and powers the EV car charger.
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Ares Management Corporation has announced that funds managed by Ares’ Infrastructure and Power group have acquired the 302 MW Lincoln Land Wind project, located in Morgan County, Illinois from Apex Clean Energy. This project builds upon the successful partnership history of these two companies and also demonstrates strong momentum in the industry, heading into 2021 through the wind project.
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EDF Renewables North America announced the completion and commercial operation of the Desert Harvest 1 (114 MW) and Desert Harvest 2 (100 MW) solar projects. Desert Harvest 1 provides electricity to MCE under a 20 year power purchase agreement (PPA), while Desert Harvest 2 supplies energy and renewable attributes to Southern California Public Power Authority (SCPPA) under a 25 year renewable energy credit (REC) and Index structure contract.
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BP and Equinor have completed the formation of their strategic partnership for offshore wind projects in the US. This includes BP’s $1.1 billion purchase from Equinor of a 50 per cent stake in two major lease areas off the US East Coast. The new partnership will develop up to two projects with a cumulative capacity of 4.4 GW.
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California Energy & Power (CE&P), a US vertical axis wind turbines (VAWT) wind turbine company, has secured its first commercial purchase orders from the Hansei Corporation, an engineering, procurement, and construction company in the Philippines. Initial turbines will be deployed in strategic locations in the Philippines, with plans to deploy the company’s CALI series VAWTs along a newly built expressway project to provide electricity for lighting systems, signaling/protection, and electronic vehicle charging stations.
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Loanpal has announced that it has raised has secured over $800 million in funding in its first external investment round. The investment rounds were conducted by NEA, WestCap Group, Brookfield Asset Management, Riverstone Holdings, and other private investors.The company’s point-of-sale payment platform allows businesses to deploy sustainable home solutions along with its digital tools. It also provides flexible payment options to remove the cost barrier for homeowners and create a channel for financial institutions to deploy their capital in environmental, social, and governance assets.
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Israel-based OPC Energy recently announced the closure of its acquisition of Competitive Power Ventures (CPV) from Global Infrastructure Partners (GIP) after receiving the required regulatory approval. With this transaction OPC fully owns CPV’s operating assets, development pipeline and asset management business. OPC has partnered with three Israeli institutional investors to carry out this acquisition.
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Boralex Inc.’s wholly owned subsidiary has completed a transaction with Delaware River Solar LLC to acquire Sky High solar farm, located in New York, USA. The 20 MW Sky High Solar Farm is located in the town of Tully, Onondaga. The project is ground-mounted and is being developed on three separate parcels of land across 145 acres.
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Siemens Gamesa has secured an order to supply 70 wind turbines for a 434 MW wind power plant located in the north-east Rio Grande do Norte state. The contract is to supply SG 5.8-170 turbines with OptimaFlex technology, which have been enhanced to operate at 6.2 MW.
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