Power purchase agreement

EQS-News: ENCAVIS remains on its growth trajectory in Germany, significantly enhancing its energy production capacity with the construction of its 114-megawatt solar park in Borrentin

Retrieved on: 
Wednesday, April 10, 2024
CIO, Power purchase agreement, O&M, Electricity, Deutsch, MDAX, Soil, PPA, EPC, Renewable energy

ENCAVIS remains on its growth trajectory in Germany, significantly enhancing its energy production capacity with the construction of its 114-megawatt solar park in Borrentin

Key Points: 
  • ENCAVIS remains on its growth trajectory in Germany, significantly enhancing its energy production capacity with the construction of its 114-megawatt solar park in Borrentin
    The issuer is solely responsible for the content of this announcement.
  • “Together with BELECTRIC, we are building Encavis AG’s largest solar park in Germany to date in Borrentin.
  • After completion, our connected generation capacity in our home market will increase to a total of 677 MW.
  • It is only from values above 40 that one speaks of good arable soil, from values above 60 of very good quality.

Schneider Electric announces global winners of second edition of its Sustainability Impact Awards

Retrieved on: 
Thursday, April 4, 2024
Carbon, Paragon, PUE, Power purchase agreement, Automation, Climate change, Organization, CapitaLand, Schneider Electric, EVP, Award, Replacement, VELUX, Electricity, Internet of things, GHG, Power usage effectiveness, Hospital, FCOM, BlackRock, Sustainability, University, Engineering, CO2, Water, Ecosystem, Electrification, SAA, SAAB, Tree, PPA, AVEVA, Renewable energy

Schneider Electric , the leader in the digital transformation of energy management and automation, today announced the global winners of the latest Schneider Electric Sustainability Impact Awards .

Key Points: 
  • Schneider Electric , the leader in the digital transformation of energy management and automation, today announced the global winners of the latest Schneider Electric Sustainability Impact Awards .
  • Launched in 2022, the awards honor the contribution of Schneider's partner ecosystem in creating a more sustainable and electric world.
  • In addition to receiving valuable recognition, award winners benefit from global visibility which could lead to new business opportunities.
  • Massive congratulations to the winners for their exceptional commitment towards making a positive impact,” Rohan Kelkar, EVP for Global Power Products at Schneider Electric said.

Oklo Signs LOI to Supply 50 Megawatts of Power to Diamondback Energy

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Monday, April 8, 2024
Technology, Security, Utilities, Public Policy, Government, Software, Alternative Energy, Energy, Nuclear, Hardware, White House, Federal Government, Permian, Inc., Power purchase agreement, Electricity, Diamondback Energy, De Witte, Multimedia, PPA, LOI

Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, announces an agreement with Diamondback Energy Inc. (“Diamondback”) (NASDAQ: FANG), the largest independent producer headquartered in the shale-oil region to collaborate on a long-term Power Purchase Agreement (“PPA”).

Key Points: 
  • Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, announces an agreement with Diamondback Energy Inc. (“Diamondback”) (NASDAQ: FANG), the largest independent producer headquartered in the shale-oil region to collaborate on a long-term Power Purchase Agreement (“PPA”).
  • View the full release here: https://www.businesswire.com/news/home/20240408533423/en/
    The LOI signed by Diamondback outlines its intent to enter into a 20-year PPA with Oklo.
  • According to the terms of the LOI, Oklo intends to license, build, and operate powerhouses capable of generating 50 MW of electric power to Diamondback E&P LLC, a wholly owned subsidiary of Diamondback near Midland, Texas.
  • The collaboration between Oklo and Diamondback represents a significant step towards emissions reductions and supporting national energy security by providing reliable access to electricity to power domestic energy operations.

BRIGHT GREEN ANNOUNCES ITS EXPANSION CONTINUATION WITH A $100 MILLION SOLAR POWERED GENERATION FIELD TO SUPPLY HEAT AND ELECTRICITY TO ITS DRUG PRODUCTION AND MANUFACTURING FACILITY.

Retrieved on: 
Thursday, March 14, 2024
Electricity, Power purchase agreement, Burns, Natural gas, Innovation, Growth, Heat, EB-5, Carbon, Economics, Renewable energy

This ensures that the BGXX production and drug manufacturing requirements in Grants, New Mexico are carbon neutral.

Key Points: 
  • This ensures that the BGXX production and drug manufacturing requirements in Grants, New Mexico are carbon neutral.
  • The company started the bid process and is working with several Solar Installation Companies domiciled in New Mexico to install a 102-Megawatt Solar Power Generation field.
  • The successful bid will also include a Power Purchase Agreement from local utilities to purchase the excess power during peak times.
  • BGXX has committed to clean renewable energy to supply the massive heat and electricity loads to the 1 million existing and 7 million sq.

KBRA Assigns Preliminary Ratings to Sunrun Neptune Issuer 2024-1, LLC

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Thursday, April 4, 2024
Banking, Professional Services, Finance, Professional, System, Power purchase agreement, PPA, FICO, KBRA, Telescopic sight

KBRA assigns a preliminary rating to one class of notes issued by Sunrun Neptune Issuer 2024-1, LLC.

Key Points: 
  • KBRA assigns a preliminary rating to one class of notes issued by Sunrun Neptune Issuer 2024-1, LLC.
  • The transaction is collateralized by a diversified pool of 27,094 leases and Power Purchase Agreements (PPAs) associated with residential solar photovoltaic installations (PV Systems), and the associated SRECs, if applicable.
  • The total aggregate discounted solar asset balance (ADSAB) based on a discount rate of 7.5% (PV7.5 ADSAB), consisting of the discounted payments of the leases and PPAs is approximately $277.7 million.
  • The weighted average original and remaining tenor of the PPAs and leases is 240 months, and 159 months, respectively.

Quinbrook Closes $600m Solar+Storage ‘Continuation Fund’

Retrieved on: 
Thursday, April 4, 2024
Environment, Finance, Consulting, Utilities, Professional Services, Alternative Energy, Sustainability, Green Technology, Energy, Carbon, Power purchase agreement, Growth, LLP, APG, VoF, LP record, CO2, ABP, PJT Partners, Fund, Kirkland & Ellis, Kilowatt-hour, Renewable energy

Quinbrook Infrastructure Partners (“Quinbrook”), a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition today announced the successful closing of Quinbrook Valley of Fire Fund with $600 million in capital commitments from leading US and European institutional investors.

Key Points: 
  • Quinbrook Infrastructure Partners (“Quinbrook”), a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition today announced the successful closing of Quinbrook Valley of Fire Fund with $600 million in capital commitments from leading US and European institutional investors.
  • The lead investor in the Quinbrook Valley of Fire Fund is Blackstone Strategic Partners.
  • “Energy transition is a major theme for Blackstone and we are excited to invest with Quinbrook and Primergy,” said Mark Bhupathi, Head of Blackstone Infrastructure Secondaries.
  • Kirkland & Ellis LLP served as legal counsel to Quinbrook, while Proskauer Rose LLP served as legal counsel to Blackstone Strategic Partners.

Enermont and Solar Power Accelerator seal a strategic deal on installation in 2024 of 15 MWp rooftop based sun energy to boost climate transition under contracted power purchase agreements

Retrieved on: 
Tuesday, March 19, 2024
EV, ECP, IPP, Power purchase agreement, Entrepreneurship, SPA, Running, C&I, Independent power producer, PPA, EPC, Professional, Renewable energy

Enermont, domiciled in Hässleholm, in south Sweden is a highly specialised EPC-contractor on PV-solar and battery installations.

Key Points: 
  • Enermont, domiciled in Hässleholm, in south Sweden is a highly specialised EPC-contractor on PV-solar and battery installations.
  • Founded in 2018, Enermont has an impressive growth trajectory and track record with a focus on quality, delivery performance, operations and capital efficiency.
  • We are running and leading an exceptionally aspirational climate transition campaign to roll out distributed roofbased solar power generation.
  • Hence, we are honoured to team up with such a highly credible and reputable ECP contractor like Enermont, says Pär-Olof Johannesson, CEO and Co-Founder, Solar Power Accelerator AB.

Zdeněk Sobotka's SOLEK is building its largest solar power plant Leyda. It will generate almost 200 GWh of green energy annually

Retrieved on: 
Tuesday, March 12, 2024
Power purchase agreement, Electricity, Growth, Natixis, Partnership, Sobotka, ENEL, Carbon, Plant, BNP Paribas, PV, PPA, Renewable energy

PRAGUE, March 12, 2024 /PRNewswire/ -- SOLEK, the company of Czech renewable energy pioneer Zdeněk Sobotka, is building its largest project to date.

Key Points: 
  • PRAGUE, March 12, 2024 /PRNewswire/ -- SOLEK, the company of Czech renewable energy pioneer Zdeněk Sobotka, is building its largest project to date.
  • The new plant will significantly contribute to the decarbonisation goals of the country representing an advance renewable energy market.
  • SOLEK is a leading energy company engaged in the design, construction and operation of solar power plants in Europe and Latin America.
  • By the end of 2023, the entire SOLEK Group had 486 MW of solar power plants connected or under construction.

Zdeněk Sobotka's SOLEK is building its largest solar power plant Leyda. It will generate almost 200 GWh of green energy annually

Retrieved on: 
Tuesday, March 12, 2024
Power purchase agreement, Electricity, Growth, Natixis, Partnership, Sobotka, ENEL, Carbon, Plant, BNP Paribas, PV, PPA, Renewable energy

PRAGUE, March 12, 2024 /PRNewswire/ -- SOLEK, the company of Czech renewable energy pioneer Zdeněk Sobotka, is building its largest project to date.

Key Points: 
  • PRAGUE, March 12, 2024 /PRNewswire/ -- SOLEK, the company of Czech renewable energy pioneer Zdeněk Sobotka, is building its largest project to date.
  • The new plant will significantly contribute to the decarbonisation goals of the country representing an advance renewable energy market.
  • SOLEK is a leading energy company engaged in the design, construction and operation of solar power plants in Europe and Latin America.
  • By the end of 2023, the entire SOLEK Group had 486 MW of solar power plants connected or under construction.

Longroad Energy Closes Financing of Serrano, a 220 MWdc Solar and 214 MWac / 855 MWh Storage Project

Retrieved on: 
Tuesday, March 12, 2024
Electricity, Power purchase agreement, Commerzbank, IRA, CIBC, Cell, Environment, Partnership, ANZ, APS, SMA, Arizona Public Service, EPC, Société Générale, PNC, Life, Resource management, CO2, Scalability, Renewable energy, Inflation, PPA, Engineering, First Solar, BESS, Apollo Global Management

BOSTON, March 12, 2024 /PRNewswire/ -- Longroad Energy, a U.S. based renewable energy developer, owner and operator, announced today the financial close of Serrano, its 220 MWdc solar and 214 MWac / 855 MWh storage project in Pinal and Pima Counties, Arizona. Serrano is Longroad's first project to utilize First Solar's domestically manufactured Series 7 panels. The project has commenced construction and commercial operations for Serrano is currently expected by mid-2025.

Key Points: 
  • BOSTON, March 12, 2024 /PRNewswire/ -- Longroad Energy , a U.S. based renewable energy developer, owner and operator, announced today the financial close of Serrano, its 220 MWdc solar and 214 MWac / 855 MWh storage project in Pinal and Pima Counties, Arizona.
  • "Longroad is pleased that our Serrano project has achieved the milestones of financial closure and commencement of construction," said Paul Gaynor, CEO of Longroad Energy.
  • "That Longroad has successfully closed financing is a testament to the bankability of the project and the solar module technology powering it."
  • Serrano's 214 MWac / 855 MWh battery energy storage system (BESS) will be provided by U.S.-based energy storage platform provider Powin.