Power purchase agreement

Net Additional Renewable Energy Capacity under PPA to Reach 106GW in 2027 as Enterprises Seek Sustainable Energy and Stable Costs

Retrieved on: 
Thursday, August 24, 2023

Net additional renewable energy capacity will reach 106 GW in 2027, a global CAGR of 24%.

Key Points: 
  • Net additional renewable energy capacity will reach 106 GW in 2027, a global CAGR of 24%.
  • "The increase in PPAs has allowed the customer base to expand, not just be long-term physical contracts near the enterprise.
  • These PPAs will be more advertised, with enterprises showcasing their contribution to net zero targets as the public trends toward more sustainable practices.
  • This report is part of the company's Smart Energy for Enterprises and Industries research service, which includes research, data, and ABI Insights.

BluEarth Renewables Begins Operations at Hand Hills Wind Facility in Alberta

Retrieved on: 
Tuesday, August 15, 2023

Calgary, Alberta--(Newsfile Corp. - August 15, 2023) - BluEarth Renewables ("BluEarth" or "the Company") announced today it has reached commercial operations at its 145 MW Hand Hills Wind Facility ("Hand Hills" or "the Facility") located near Drumheller, Alberta.

Key Points: 
  • Calgary, Alberta--(Newsfile Corp. - August 15, 2023) - BluEarth Renewables ("BluEarth" or "the Company") announced today it has reached commercial operations at its 145 MW Hand Hills Wind Facility ("Hand Hills" or "the Facility") located near Drumheller, Alberta.
  • The Facility consists of 29 turbines, a substation and associated infrastructure, and represents an investment in Alberta of over $250 million.
  • Hand Hills, along with existing facilities owned by BluEarth and third-parties, is monitored in 24/7 real-time by BluEarth's Remote Operations Centre in Calgary.
  • BluEarth is the long-term operator of the Facility and has been developing Hand Hills since it was acquired in 2012 from Joss Wind Power Inc. For more information about the Hand Hills Wind Facility, please visit BluEarth's website .

Ocuphire Pharma Announces Financial Results for Second Quarter 2023 and Provides Corporate Update

Retrieved on: 
Friday, August 11, 2023

FARMINGTON HILLS, Mich., Aug. 11, 2023 (GLOBE NEWSWIRE) -- Ocuphire Pharma, Inc. (Nasdaq: OCUP), a clinical-stage ophthalmic biopharmaceutical company focused on developing and commercializing small-molecule therapies for the treatment of retinal and refractive eye disorders, today announced financial results for the second quarter ended June 30, 2023, and provided a corporate update.

Key Points: 
  • FDA approval in RM would trigger a $10 million milestone payment to Ocuphire
    In July 2023, Ocuphire confirmed an End-of-Phase 2 meeting with the FDA, scheduled for the fourth quarter of 2023.
  • On August 10, 2023, Ocuphire entered into a common share purchase agreement (the “Purchase Agreement”) with Lincoln Park Capital Fund, LLC (LPC), an institutional investor.
  • Second Quarter ended June 30, 2023 Financial Highlights
    As of June 30, 2023, Ocuphire had cash and cash equivalents of approximately $40.0 million.
  • For further details on Ocuphire’s financial results, refer to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 to be filed with the Securities and Exchange Commission.

IOU Determines that the NMEF Proposal does not Constitute a Superior Proposal and Re-Affirms its Unanimous Recommendation that Shareholders Vote FOR the Arrangement

Retrieved on: 
Wednesday, August 9, 2023

That determination follows a comprehensive review of the NMEF Proposal by the special committee (the "Special Committee") of the board of directors of IOU (the "Board") and the Board, with the benefit of advice of their legal counsel and financial advisor.

Key Points: 
  • That determination follows a comprehensive review of the NMEF Proposal by the special committee (the "Special Committee") of the board of directors of IOU (the "Board") and the Board, with the benefit of advice of their legal counsel and financial advisor.
  • To be successfully consummated, the NMEF Proposal would need, among other things, to gather the support of more than two-thirds of the holders of Shares (the "Shareholders"), which would not be possible in the present circumstances without the support of the Purchaser and its affiliates.
  • Despite having been given an opportunity, in writing and orally, to clarify how it intended to overcome the Purchaser's opposition to the NMEF Proposal, NMEF did not propose any satisfactory course of action pursuant to which the NMEF Proposal could reasonably be expected to be consummated.
  • For more information on the Arrangement Agreement, please see IOU's press release of July 14, 2023.

EQS-News: ENCAVIS AG and Allego enlarge their 10-year PPA in Germany to supply Electric Vehicle drivers with 100% Renewable Energy

Retrieved on: 
Tuesday, August 8, 2023

With 100% Renewable Energy from Encavis’ solar parks in Groß Behnitz (25 MW/Brandenburg) and now also in Borrentin (105 MW/Mecklenburg-Western Pomerania), making it Allego’s most extensive clean energy agreement to date.

Key Points: 
  • With 100% Renewable Energy from Encavis’ solar parks in Groß Behnitz (25 MW/Brandenburg) and now also in Borrentin (105 MW/Mecklenburg-Western Pomerania), making it Allego’s most extensive clean energy agreement to date.
  • The two solar parks will supply Allego’s charging network with more than 100 GWh of Renewable Electricity and the associated certificates of origin.
  • "In order to successfully shape the energy transition, it is essential to work with companies that have serious commitments to Renewable Energy, like Allego.
  • This PPA represents Encavis' and Allego’s shared commitment to sustainable innovation and accelerating the electrification of transportation in Germany.

BIMI International Medical Inc. Announces Strategic Partnership by its Phenix Bio Inc. Subsidiary with China Duty Free Group

Retrieved on: 
Monday, August 7, 2023

NEW YORK, NY, Aug. 07, 2023 (GLOBE NEWSWIRE) -- BIMI International Medical Inc. (NASDAQ: BIMI, “BIMI”), a leading global provider of healthcare services and innovative medical solutions, today announced the formation of a strategic partnership between its subsidiary, Phenix Bio Inc. (“Phenix”) and China Duty Free Group (“CDFG”), one of the largest and most influential state-owned duty-free retail enterprises in China.

Key Points: 
  • NEW YORK, NY, Aug. 07, 2023 (GLOBE NEWSWIRE) -- BIMI International Medical Inc. (NASDAQ: BIMI, “BIMI”), a leading global provider of healthcare services and innovative medical solutions, today announced the formation of a strategic partnership between its subsidiary, Phenix Bio Inc. (“Phenix”) and China Duty Free Group (“CDFG”), one of the largest and most influential state-owned duty-free retail enterprises in China.
  • The partnership aims to improve the accessibility of world-class dietary supplements to China's growing population, while further expanding BIMI and Phenix’s footprint in the Asian market.
  • "We are thrilled to partner with China Duty Free Group, a company that shares our commitment to excellence and innovation in the healthcare sector," said Tiewei Song, CEO of BIMI.
  • "This partnership represents a significant opportunity for our company to leverage CDFG's extensive distribution network, while offering Chinese consumers access to our best-in-class products and services.”

Matrix Renewables announces acquisition of a controlling interest in 200 MWac / 261 MWdc Pleasant Valley Solar Project from rPlus Energies

Retrieved on: 
Thursday, August 3, 2023

MIAMI, Aug. 3, 2023 /PRNewswire/ -- Matrix Renewables, the TPG Rise-backed global renewable energy platform, today announced that it has acquired a controlling interest in the Pleasant Valley Solar Project from rPlus Energies.

Key Points: 
  • MIAMI, Aug. 3, 2023 /PRNewswire/ -- Matrix Renewables, the TPG Rise-backed global renewable energy platform, today announced that it has acquired a controlling interest in the Pleasant Valley Solar Project from rPlus Energies.
  • The Pleasant Valley Solar Project is a 200 MWac / 261 MWdc solar project located in Idaho which will deliver energy to the Idaho Power system and contribute to Meta's goal to support 100% of its operations with renewable energy.
  • The Pleasant Valley Solar project was awarded a Power Purchase Agreement (PPA) through a negotiated process with Meta and Idaho Power.
  • "rPlus is proud to partner with Matrix Renewables on this impactful project for Idaho and its growing renewable energy infrastructure," said Luigi Resta, rPlus Energies President & CEO.

Ormat Technologies Reports Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 2, 2023

RENO, Nev., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced financial results for the second quarter ended June 30, 2023.

Key Points: 
  • “During the second quarter, we made significant progress in expanding our operations across our segments, adding approximately 100 MW of total capacity in geothermal, solar, and storage assets throughout the quarter.
  • Product segment revenues increased 222.0% for the second quarter of 2023, compared to 2022, supported by a higher backlog and timing of recognized revenues.
  • Energy Storage segment revenues decreased by 19.7% for the second quarter of 2023, compared to 2022, primarily due to lower energy rates at the PJM compared to the strong commodity price-driven rates in last year’s second quarter.
  • Ormat will host a conference call to discuss its financial results and other matters discussed in this press release on Thursday, August 3, 2023, at 10:00 a.m.

Press release - MEPs back plans for a more affordable and consumer-friendly electricity market

Retrieved on: 
Wednesday, July 19, 2023

The reform of the electricity market, to make it more stable, affordable and sustainable, received the support of the Energy Committee on Wednesday.

Key Points: 
  • The reform of the electricity market, to make it more stable, affordable and sustainable, received the support of the Energy Committee on Wednesday.
  • MEPs adjusted the criteria for declaring an electricity price crisis, to make sure there are concrete measures to better protect citizens and companies.
  • A system that will improve make companies more competitive through clean electricity at competitive and stable prices”, he added.
  • Next steps
    The electricity market reform was backed by 55 MEPs on the Industry, Research and Energy Committee, 15 voted against and 2 abstained.

FangDD Announces US$8.0 Million Registered Direct Offering

Retrieved on: 
Monday, July 17, 2023

Maxim Group, LLC is acting as the sole placement agent in connection with this offering.

Key Points: 
  • Maxim Group, LLC is acting as the sole placement agent in connection with this offering.
  • The closing of the offering is expected to occur on or about July 19, 2023, subject to satisfaction of closing conditions.
  • The gross proceeds from the offering are expected to be approximately US$8.0 million.
  • The prospectus supplement and accompanying prospectus contain important information relating to this offering.