Power purchase agreement

GoldenPeaks Capital signs Power Purchase Agreement with Google

Retrieved on: 
Monday, February 5, 2024

Warsaw, February 1, 2024 - GoldenPeaks Capital has entered into a 10-year Power Purchase Agreement (PPA) with Google, supporting the tech-company to reach its ambitious carbon reduction targets.

Key Points: 
  • Warsaw, February 1, 2024 - GoldenPeaks Capital has entered into a 10-year Power Purchase Agreement (PPA) with Google, supporting the tech-company to reach its ambitious carbon reduction targets.
  • GoldenPeaks Capital is thrilled to announce an agreement with Google through a 10-year renewable Power Purchase Agreement (PPA).
  • GoldenPeaks Capital, one of the fastest-growing Independent Power Producers (IPPs), boasts a significant track record in Power Purchase Agreements over the past two years.
  • Adriano Agosti, Founder and President of GoldenPeaks Capital says “Being able to team up with Google means a lot to the team at GoldenPeaks Capital and to our goal, to enable companies around the globe to contribute to a sustainable and green future for our planet.

Clean Power Alliance’s Power Ready Program to bring clean backup power to 11 public facilities throughout Los Angeles and Ventura counties

Retrieved on: 
Thursday, February 1, 2024

Los Angeles, California, Feb. 01, 2024 (GLOBE NEWSWIRE) -- The Clean Power Alliance (CPA) Board of Directors has approved a multi-site Power Purchase Agreement (PPA) to install clean energy backup power systems in 11 public buildings in CPA communities.

Key Points: 
  • Los Angeles, California, Feb. 01, 2024 (GLOBE NEWSWIRE) -- The Clean Power Alliance (CPA) Board of Directors has approved a multi-site Power Purchase Agreement (PPA) to install clean energy backup power systems in 11 public buildings in CPA communities.
  • The PPA with Coast Energy supports CPA’s Power Ready program in providing participating public agencies with resiliency capabilities at no cost.
  • Clean energy backup systems help avoid harmful greenhouse gas emissions that traditional diesel backup generators may emit – providing another tangible way to help communities meet clean air goals.
  • “The Power Ready program was designed so Clean Power Alliance could directly support power resiliency needs in communities we serve,” said Matthew Langer, CPA’s Chief Operating Officer.

KBRA Assigns Preliminary Ratings to Sunnova SOL VI Issuer, LLC, Series 2024-1

Retrieved on: 
Wednesday, January 31, 2024

KBRA assigns preliminary ratings to three classes of notes issued by Sunnova SOL VI Issuer, LLC, Series 2024-1.

Key Points: 
  • KBRA assigns preliminary ratings to three classes of notes issued by Sunnova SOL VI Issuer, LLC, Series 2024-1.
  • The SSAs had an aggregate discounted solar asset balance (ADSAB) based on a discount rate of 6.0% of approximately $406.4 million.
  • The three largest geographic concentrations include Puerto Rico, California and Connecticut, which together represent approximately 50.0% of the number of PV Systems and approximately 57.4% of the ADSAB.
  • The SSAs consist of approximately 53.4% lease agreements, including storage leases, 43.4% EZ Pay PPA , 2.9% Fixed Rate PPAs, and 0.4% Variable Rate PPA by ADSAB.

Origis Energy Secures $317 Million in Project Tax Equity with J.P. Morgan

Retrieved on: 
Wednesday, January 24, 2024

MIAMI, Jan. 24, 2024 /PRNewswire/ -- Origis Energy, one of America's leading renewable energy and decarbonization solution platforms, today announced it has secured $317 million in project tax equity funding from J.P. Morgan for two utility-scale solar and solar plus battery storage projects located in New Mexico and Mississippi respectively.

Key Points: 
  • The tax equity will support two large-scale renewable energy projects: a solar and battery storage project in Mississippi and a solar project in New Mexico.
  • MIAMI, Jan. 24, 2024 /PRNewswire/ -- Origis Energy , one of America's leading renewable energy and decarbonization solution platforms, today announced it has secured $317 million in project tax equity funding from J.P. Morgan for two utility-scale solar and solar plus battery storage projects located in New Mexico and Mississippi respectively.
  • Tri-State and Origis Energy recently announced reaching the milestone of over 250,000 solar panels installed at the project.
  • The tax equity agreement leverages both the Investment Tax Credit (ITC) and the Production Tax Credit (PTC) incentives of the Inflation Reduction Act.

Envision Energy Announces Collaboration with Five Global Healthcare Leaders to Unlock Renewable Energy in Davos

Retrieved on: 
Wednesday, January 17, 2024

DAVOS, Switzerland, Jan. 17, 2024 /PRNewswire/ -- Envision Energy, a global leader in green technology, announced a collaboration with five global leading healthcare companies to accelerate the transition to net zero health systems, delivering around 200 gigawatt-hours (GWh) of green power annually from 2024. This multi-party agreement across healthcare and renewable energy companies brings together for the first time five healthcare leaders - AstraZeneca, Lonza, Novartis, Novo Nordisk and Rocheto advance the industry's sustainable development.

Key Points: 
  • DAVOS, Switzerland, Jan. 17, 2024 /PRNewswire/ -- Envision Energy, a global leader in green technology, announced a collaboration with five global leading healthcare companies to accelerate the transition to net zero health systems, delivering around 200 gigawatt-hours (GWh) of green power annually from 2024.
  • This multi-party agreement across healthcare and renewable energy companies brings together for the first time five healthcare leaders - AstraZeneca, Lonza, Novartis, Novo Nordisk and Rocheto advance the industry's sustainable development.
  • The three-year renewable energy supply agreement was announced during the World Economic Forum Annual Meeting in Davos, Switzerland.
  • As a member of the China Council Health Working Group , Envision Energy aims to work with industry leaders to promote the adoption of renewable energy sources and contribute to the green transformation.

Envision Energy Announces Collaboration with Five Global Healthcare Leaders to Unlock Renewable Energy in Davos

Retrieved on: 
Wednesday, January 17, 2024

DAVOS, Switzerland, Jan. 17, 2024 /PRNewswire/ -- Envision Energy, a global leader in green technology, announced a collaboration with five global leading healthcare companies to accelerate the transition to net zero health systems, delivering around 200 gigawatt-hours (GWh) of green power annually from 2024. This multi-party agreement across healthcare and renewable energy companies brings together for the first time five healthcare leaders - AstraZeneca, Lonza, Novartis, Novo Nordisk and Rocheto advance the industry's sustainable development.

Key Points: 
  • DAVOS, Switzerland, Jan. 17, 2024 /PRNewswire/ -- Envision Energy, a global leader in green technology, announced a collaboration with five global leading healthcare companies to accelerate the transition to net zero health systems, delivering around 200 gigawatt-hours (GWh) of green power annually from 2024.
  • This multi-party agreement across healthcare and renewable energy companies brings together for the first time five healthcare leaders - AstraZeneca, Lonza, Novartis, Novo Nordisk and Rocheto advance the industry's sustainable development.
  • The three-year renewable energy supply agreement was announced during the World Economic Forum Annual Meeting in Davos, Switzerland.
  • As a member of the China Council Health Working Group , Envision Energy aims to work with industry leaders to promote the adoption of renewable energy sources and contribute to the green transformation.

GoldenPeaks Capital signs Power Purchase Agreement with Boryszew Group.

Retrieved on: 
Wednesday, January 17, 2024

GoldenPeaks Capital signs Power Purchase Agreement with Boryszew Group.

Key Points: 
  • GoldenPeaks Capital signs Power Purchase Agreement with Boryszew Group.
  • GoldenPeaks Capital signs Power Purchase Agreement with Boryszew Group.
  • Warsaw, January 15th, 2024 - GoldenPeaks Capital has entered into a 10-year Power Purchase Agreement (PPA) with Boryszew Green Energy and Gas, part of Boryszew Group to reduce the carbon footprint of Boryszew Group’s plants in Poland.
  • GoldenPeaks Capital is one of the fastest growing independent green power producers in Europe and one of the largest photovoltaic system owners in Poland.

Karora Resources Signs Long-Term Power Purchase Agreement and Announces Plan to Achieve a 20% Reduction in Greenhouse Gas Emissions by 2030

Retrieved on: 
Tuesday, January 16, 2024

Paul Andre Huet, Chairman & CEO, commented: "The release of Karora's second ESG report was delayed slightly while we finalized a new Power Purchase Agreement.

Key Points: 
  • Paul Andre Huet, Chairman & CEO, commented: "The release of Karora's second ESG report was delayed slightly while we finalized a new Power Purchase Agreement.
  • The report is highlighted by this long-term PPA for our Higginsville operations, including required supporting power distribution infrastructure.
  • The anticipated reduction in carbon emissions represents approximately 40% of our initial targeted 20% Scope 1 and 2 emissions reduction by 2030, placing our goals well within reach.
  • We remain committed to implementing additional initiatives to achieve our 2030 target and are evaluating technology and efficiency-based solutions to further reduce our emissions.

 Electriq Power Announces Preliminary Q4 2023 Revenue Results

Retrieved on: 
Thursday, January 11, 2024

Electriq Power Holdings, Inc. ("Electriq") ( NYSE:ELIQ ), a trusted provider of intelligent energy storage and management solutions for homes and small businesses, today announces preliminary results for its fourth quarter and reiterates a revenue range of $20M-$30M in 2024.

Key Points: 
  • Electriq Power Holdings, Inc. ("Electriq") ( NYSE:ELIQ ), a trusted provider of intelligent energy storage and management solutions for homes and small businesses, today announces preliminary results for its fourth quarter and reiterates a revenue range of $20M-$30M in 2024.
  • CEO Frank Magnotti, commented, “The demand for residential solar and storage and for more independence from the electrical grid remains strong.
  • The approximate $1.3 million we expect to record in sales for Q4 represents YoY growth of over 100% and a roughly 60% sequential increase, including a 233% sequential increase in Sustainable Community Networks (SCN), our third consecutive quarter of incremental growth.
  • In addition, Electriq holds approximately $21 million in finished inventory ready to deploy, and has $300 million in solar + storage financing available for its California SCN programs from a well-established clean-energy company.

Origis Energy Closes $344 Million Project Construction and Term Loan Facility with MUFG

Retrieved on: 
Wednesday, December 20, 2023

MIAMI, Dec. 20, 2023 /PRNewswire/ -- Origis Energy, one of America's leading renewable energy and decarbonization solution platforms, today announced the close of a $344 million construction financing facility and conversion to term loan with MUFG, a leading global financial group, for its Golden Triangle I solar plus battery energy storage project in Lowndes County, Mississippi.

Key Points: 
  • MIAMI, Dec. 20, 2023 /PRNewswire/ -- Origis Energy , one of America's leading renewable energy and decarbonization solution platforms, today announced the close of a $344 million construction financing facility and conversion to term loan with MUFG , a leading global financial group, for its Golden Triangle I solar plus battery energy storage project in Lowndes County, Mississippi.
  • Golden Triangle I, with 200 MWac solar capacity co-located with 200 MWh of energy storage, is one of three Origis Energy renewable energy projects under construction in the state together representing the largest solar plus battery energy storage deployments in Mississippi to date.
  • Construction was announced by Origis Energy earlier this year on the three projects, Golden Triangle I, Golden Triangle II and Optimist, with a total capacity of 550 MWac solar plus 600 MWh of battery energy storage.
  • "We are proud to have partnered with Origis on this construction financing facility and conversion to term loan," said Patrick Klein, Senior Originator on the Project Finance Americas team at MUFG and Golden Triangle I Transaction Lead.