Category: News America

Avantus and TAI commence construction of Norton Solar Project in Texas

Avantus and TAI commence construction of Norton Solar Project in Texas

August 22, 2024 | , ,

Avantus and Toyota Tsusho America (TAI) have officially commenced construction on the 159 MWdc/125 MWac Norton Solar Project located in Runnels County, Texas. This follows Avantus’ sale of the Norton project to TAI in November 2023, a fully-owned subsidiary of Toyota Tsusho Corporation of Japan, part of the Toyota Group. Additionally, TAI has secured construction and term financing through a deal with global financial giant Mitsubishi UFJ Financial Group.

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TEP to construct new battery system in Arizona

TEP to construct new battery system in Arizona

August 16, 2024 | , ,

Tucson Electric Power (TEP) is planning to build a second large-scale battery system in southeast Tucson to store solar and other energy sources for use later in the day, meeting customers’ peak energy demands. The 200 MW Roadrunner Reserve II system will have the capacity to store 800 MW hours of energy, which is sufficient to power around 42,000 homes for four hours when operating at full capacity.

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Qcells secures conditional loan commitment from US DOE for Solar Manufacturing Facility

Qcells secures conditional loan commitment from US DOE for Solar Manufacturing Facility

August 12, 2024 | , ,

The US Department of Energy’s (DOE) Loan Programs Office (LPO) announced a provisional agreement for a loan guarantee of up to $1.45 billion, aimed at supporting Qcells’ awaited solar supply chain manufacturing plant in Cartersville, Georgia. Once finalised, the Loan Programs Office would assist Qcells in the construction of a facility dedicated to manufacturing the entire solar supply chain.

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Ørsted and Mission Clean Energy to develop 1 GW storage projects in Midwest

Ørsted and Mission Clean Energy to develop 1 GW storage projects in Midwest

August 9, 2024 | , ,

Ørsted has revealed a strategic collaboration with Mission Clean Energy to develop four independent battery energy storage systems in the Midwest. Mission Clean Energy seeks to utilise Ørsted’s vast operational expertise and resources to make these projects a reality. Ørsted will use its funds to obtain and uphold interconnection queue positions for the four storage projects owned by Mission, as Mission will still be in charge of developing the projects.

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JERA Nex acquires two solar farms in US from Lightsource bp

JERA Nex acquires two solar farms in US from Lightsource bp

August 8, 2024 | , ,

JERA Nex has purchased two US solar projects with a combined capacity of 395 MW from Lightsource bp. The transaction has gained all regulatory clearances, is JERA Nex’s first since its establishment in April. It includes its first US solar assets: the 300 MW Oxbow solar farm in Louisiana and the 95 MW Happy solar farm in Arkansas. Furthermore, both the plants are commercially operational and provide renewable energy to their clients.

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Iberdrola, ICO, Sabadell and HSBC finalise €500 million green loan 

Iberdrola, ICO, Sabadell and HSBC finalise €500 million green loan 

August 2, 2024 | ,

Iberdrola, ICO, Sabadell, and HSBC have finalised a 15-year syndicated green loan agreement totalling €500 million. The loan is supported by Cesce through its Green Investment Policy on behalf of the State and is guaranteed by the Internationalisation Risk Reserve Fund (FRRI), which is associated with the Ministry of Economy, Trade, and Enterprise. The loan will finance wind, photovoltaic, and battery projects in the US, Australia, and Italy, with a combined capacity of 897 MW and is anticipated to be functional between 2025 and 2026.

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Eolian and Global Banks secure $390 million renewable energy financing 

Eolian and Global Banks secure $390 million renewable energy financing 

July 31, 2024 | ,

Eolian has announced the closing of a $315 million renewable energy green loan and a $75 million revolving credit facility with Santander Corporate & Investment Bank, MUFG, National Australia Bank, Natixis, Lloyds Bank, and SMBC. The fund raised is secured through a wide range of eligible green project assets developed by Eolian and aligns with the four pillars of the Green Loan Principles, as jointly published in the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) in February 2023.

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Clearway Energy inks PPA for 315 MW Haymaker wind farm in Montana

Clearway Energy inks PPA for 315 MW Haymaker wind farm in Montana

July 25, 2024 | , ,

Clearway Energy Group has secured a 25-year power purchase agreement (PPA) with Puget Sound Energy (PSE) for the 315 MW Haymaker wind farm in Montana. Upon becoming operational, the Haymaker wind farm will generate sufficient electricity to supply for over 116,000 households annually. The construction of the project is set to commence in 2026, with commercial operations projected to begin by 2028.

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Clearway Energy secures $700 million for solar and battery energy storage projects in California

Clearway Energy secures $700 million for solar and battery energy storage projects in California

July 23, 2024 | , , ,

Clearway Energy Group has secured over $700 million in financing and begun construction on two major projects in California: the 200 MW Luna Valley solar project in Fresno County and the 113.5 MW Daggett Storage battery project in San Bernardino County, which finalises up the 482 MW Daggett Solar + 394 MW Storage complex. San Diego Gas & Electric inked 15-year contracts for equal amounts of solar power and energy storage from both the Luna Valley and Daggett Storage 1 projects.

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Tesla and Intersect Power ink 15.3 GWh battery supply deal 

Tesla and Intersect Power ink 15.3 GWh battery supply deal 

July 22, 2024 | , ,

Tesla and Intersect Power have signed a contract to supply   15.3 GWh of Tesla’s Megapack battery energy storage systems for Intersect Power’s solar + storage project portfolio . By the end of 2027, Intersect Power is expected to deploy 10 GWh of large-scale energy storage. Intersect Power plans to use over half of the new Megapacks order for four projects in California and Texas, which are anticipated to be operational by the end of 2027.

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Intersect Power secures $837 million to build BESS in Texas

Intersect Power secures $837 million to build BESS in Texas

July 16, 2024 | , ,

Intersect Power has secured $837 million through two separate transactions to finance the construction and operation of three standalone Battery Energy Storage Systems (BESS) in Texas. This financing includes portfolio-level construction debt, tax equity, and term debt, provided by leading industry partners. The three BESS projects – Lumina I, Lumina II, and Radian are scheduled to be operational in 2024.

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Grenergy secures $345 million for Oasis de Atacama project in Chile

Grenergy secures $345 million for Oasis de Atacama project in Chile

July 11, 2024 | ,

Grenergy has secured $345 million in green financing for its Oasis de Atacama project, along with additional credit lines. The loan was provided by a group of international banks including BNP Paribas, Natixis Corporate & Investment Banking, Societe Generale, The Bank of Nova Scotia, and SMBC. Furthermore, the project is situated in northern Chile, and is anticipated to provide electricity for over 145,000 households yearly.

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Elecnor commences construction of 320 MW wind farm in Mexico

Elecnor commences construction of 320 MW wind farm in Mexico

July 10, 2024 | , ,

Elecnor secured a contract in Mexico for the engineering, supply, and construction of the Cimarrón wind farm, which will have a capacity of 320 MW. The project is currently under construction and is situated in La Rumorosa and the municipality of Tecate, Baja California. Additionally, the wind farm has a 20 year power purchase agreement with Silicon Valley Power to provide renewable energy to Santa Clara, California.

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Ørsted buys 100 per cent stake in 924 MW Sunrise Wind in US

Ørsted buys 100 per cent stake in 924 MW Sunrise Wind in US

July 10, 2024 | , ,

Ørsted has completed the acquisition of Eversource’s 50 per cent stake in the Sunrise Wind project. It is a 924 MW offshore wind farm situated off the coast of New York. This acquisition follows the successful award of Sunrise Wind in New York’s fourth solicitation for offshore wind capacity. Furthermore, the purchase price for buying Eversource’s share at closing was $152 million.

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Aggreko Energy Transition Solutions acquires Infiniti Energy

Aggreko Energy Transition Solutions acquires Infiniti Energy

July 9, 2024 | ,

Aggreko Energy Transition Solutions (ETS) has acquired Infiniti Energy, a US-based commercial and industrial solar company, from Upper Bay Infrastructure Partners, which has fully exited its position. This acquisition enhances Aggreko’s distributed solar capabilities and asset base by incorporating Infiniti’s expertise in solar design, engineering, procurement, and construction, along with its pipeline of onsite decarbonisation projects.

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Northland Power concludes sale of 130 MW La Lucha solar facility in Mexico

Northland Power concludes sale of 130 MW La Lucha solar facility in Mexico

July 2, 2024 | , ,

Northland Power has concluded the sale of its La Lucha solar facility to Cometa Energía, a subsidiary of Saavi Energía. La Lucha is a 130 MW solar project located in Durango, Mexico. The facility commenced its commercial operations in June 2023. Furthermore, Northland Power had 100 per cent stake in the facility before the sale. The transaction was initially announced in March 2024. Additionally, the funds will be used to pay off the company’s revolving credit facility and for general business expenses.

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Savion sells 150 MW Cass County solar project in Illinois

Savion sells 150 MW Cass County solar project in Illinois

July 1, 2024 | , ,

Savion has sold the 150 MW Cass County solar project to Ameren Missouri. The project is situated in Cass County near Beardstown, Illinois. It is expected to use up to 330,000 solar modules across approximately 1,700 acres, with approximately 600 acres outside the project fence to be vegetated and returned to farming use. The project is scheduled for completion by the end of 2024. During construction, it created around 250 local union jobs.

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Enbridge, First Nations and Métis partners to develop 200 MW wind energy project in Canada

Enbridge, First Nations and Métis partners to develop 200 MW wind energy project in Canada

June 25, 2024 | , ,

Enbridge Inc. and Six Nations Energy Development LP, a new consortium comprising Cowessess First Nation, George Gordon First Nation, Kahkewistahaw First Nation, Métis Nation-Saskatchewan, Pasqua First Nation, and White Bear First Nations, have revealed plans to develop Seven Stars Energy wind project in southeast of Weyburn, Saskatchewan.  The project is anticipated to generate 200 MW of clean energy.

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