EPC

Ojjo Secures $40 Million Series C Funding Round to Scale Next Generation Solar Foundations

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Tuesday, September 20, 2022
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SAN RAFAEL, Calif., Sept. 20, 2022 /PRNewswire/ -- Ojjo, the leading provider of next-generation solar foundations, has closed a $40 million Series C funding round led by NGP ETP, the energy transition investing platform of NGP, with Ajax Strategies also participating. In addition, James Wallis, Partner at NGP, has joined Ojjo's Board of Directors. The new funding will accelerate Ojjo's growth and execution on its 9-Gigawatt active project pipeline. Ojjo's patented Earth TrussTM System offers a fast and efficient means of securing ground mount solar systems—typically requiring significantly less steel volume and labor as compared to customary pile foundations. The company's system has been contracted or constructed in over 1.6 gigawatts (GW) of solar projects to date, including on the nation's largest standalone solar and storage project, Gemini Solar. Ojjo has previously raised a total of $27M across two prior funding rounds, with participation from Cthulhu Ventures and other investors.

Key Points: 
  • Ojjo has previously raised a total of $27M across two prior funding rounds, with participation from Cthulhu Ventures and other investors.
  • As we enter the era of Terawatt-scale solar, our industry will increasingly require optimized, solar-specific mounting and installation hardware.
  • Ojjo has all the necessary capabilities to help the industry scale to take full advantage of this unique and timely opportunity."
  • Ojjo's Earth Truss System is a significant advancement in large-scale solar foundations, unlocking millions in value for the solar industry.

Borrego's Web-Based O&M Customer Portal Provides Real-Time Actionable Insights into Solar Project Operations

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Tuesday, September 20, 2022
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The customer portal is available to all Borrego O&M customers, with access and training provided during the project onboarding process.

Key Points: 
  • The customer portal is available to all Borrego O&M customers, with access and training provided during the project onboarding process.
  • This centralized access to relevant real-time information improves project transparency, operational efficiency and decision-making confidence, helping asset owners power business growth.
  • "Customers trust Borrego O&M to provide real-time transparency and communication, and the customer portal takes that relationship to another level."
  • Additionally, early users of the Borrego O&M customer portal have reported significant improvement in operational efficiencies and in streamlining administrative processes.

Ara Partners Hires David Touhey as Managing Director of Portfolio Services Group

Retrieved on: 
Tuesday, September 20, 2022
Partner, EPC, Technological University Dublin, Science and technology in Asia, Engineering, Nottingham Trent University, Executive, Science, Food, Renewable energy, Cherington

HOUSTON, Sept. 20, 2022 /PRNewswire/ -- Ara Partners ("Ara"), a private equity firm specializing in industrial decarbonization investments, today announced that David Touhey has joined as Managing Director of the firm's Portfolio Services Group. Mr. Touhey has more than 20 years of experience in project development and optimization in the industrial sector.

Key Points: 
  • HOUSTON, Sept. 20, 2022 /PRNewswire/ -- Ara Partners ("Ara"), a private equity firm specializing in industrial decarbonization investments, today announced that David Touhey has joined as Managing Director of the firm's Portfolio Services Group.
  • "The addition of David to the Ara team underlines our critical focus on project execution across our growing portfolio," saidCharles Cherington, a Managing Partner at Ara.
  • "We are thrilled to welcome David to a leadership role in Ara's Portfolio Services Group," addedTroy Thacker, a Managing Partner at Ara.
  • Prior to joining Ara, Mr. Touhey was the Executive Vice President for Kent, a global EPC, operations, and maintenance business.

Ara Partners Hires David Touhey as Managing Director of Portfolio Services Group

Retrieved on: 
Tuesday, September 20, 2022
Partner, EPC, Technological University Dublin, Science and technology in Asia, Engineering, Nottingham Trent University, Executive, Science, Food, Renewable energy, Cherington

HOUSTON, Sept. 20, 2022 /PRNewswire/ -- Ara Partners ("Ara"), a private equity firm specializing in industrial decarbonization investments, today announced that David Touhey has joined as Managing Director of the firm's Portfolio Services Group. Mr. Touhey has more than 20 years of experience in project development and optimization in the industrial sector.

Key Points: 
  • HOUSTON, Sept. 20, 2022 /PRNewswire/ -- Ara Partners ("Ara"), a private equity firm specializing in industrial decarbonization investments, today announced that David Touhey has joined as Managing Director of the firm's Portfolio Services Group.
  • "The addition of David to the Ara team underlines our critical focus on project execution across our growing portfolio," saidCharles Cherington, a Managing Partner at Ara.
  • "We are thrilled to welcome David to a leadership role in Ara's Portfolio Services Group," addedTroy Thacker, a Managing Partner at Ara.
  • Prior to joining Ara, Mr. Touhey was the Executive Vice President for Kent, a global EPC, operations, and maintenance business.

BorgWarner to Acquire Charging Business of Hubei Surpass Sun Electric (SSE)

Retrieved on: 
Tuesday, September 20, 2022
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Headquartered in Xiangyang, Hubei province, China, SSE's electrification business supplies patented electric vehicle charging solutions to customers in China and more than 70 other countries.

Key Points: 
  • Headquartered in Xiangyang, Hubei province, China, SSE's electrification business supplies patented electric vehicle charging solutions to customers in China and more than 70 other countries.
  • SSE has delivered over50,000 charging pointsand has led the engineering, procurement, and construction (EPC) ofmore than 250 charging station sites.
  • SSE's charging and electrification capabilities in China are expected to complement BorgWarner's existing capabilities in Europe and North America.
  • "This transaction makes good business sense as we continue to bolster our fast-charging capabilities globally," said Frdric Lissalde, President and CEO of BorgWarner.

Proactive news headlines including Yandal Resources, Critical Resources, Antilles Gold and Venture Minerals

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Tuesday, September 20, 2022
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Key Points: 
  • Click here
    Critical Resources Ltd (ASX:CRR) has appointed experienced lithium-focused executive Alex Cheeseman as its new managing director.
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    Antilles Gold Ltd (ASX:AAU, OTCQB:ANTMF) has fielded further high-grade gold and silver results from a drilling campaign at the La Demajagua open pit deposit in southwest Cuba.
  • Proactive has produced over 300,000 articles and 20,000 executive interviews since it was established in 2006.
  • For more information on how Proactive can help you make a difference, email us at [email protected]

Jingoli Power launches utility-scale solar EPC unit to expand renewable energy services portfolio

Retrieved on: 
Monday, September 19, 2022
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LAWRENCEVILLE, N.J., Sept. 19, 2022 /PRNewswire/ -- Jingoli Power today announced the launch of a new solar engineering, procurement and construction (EPC) division as part of its rapidly growing renewable energy services portfolio.

Key Points: 
  • LAWRENCEVILLE, N.J., Sept. 19, 2022 /PRNewswire/ -- Jingoli Power today announced the launch of a new solar engineering, procurement and construction (EPC) division as part of its rapidly growing renewable energy services portfolio.
  • Jingoli Power launches a solar engineering, procurement and construction (EPC) division
    Jingoli Power, LLC is a professional services provider for complex electric utility construction projects and a subsidiary of Joseph Jingoli and Son, Inc , a 100-year-old privately held New Jersey-based construction firm.
  • Its EPC Solar unit is currently supporting the execution of two U.S. EPC projects with Lightsource bp and plans to take on utility-scale solar projects up to 500 MW.
  • "Our team is optimally positioned to deliver on the growing demand for competitive and reliable utility-scale solar development," said Karl Miller, CEO of Jingoli Power.

Urban Energy, Financed By Scale, Closes Innovative Rooftop Community Solar in Yonkers

Retrieved on: 
Monday, September 19, 2022
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Urban Energy Inc. (Urban Energy) is announcing an exciting project to develop community solar in New York.

Key Points: 
  • Urban Energy Inc. (Urban Energy) is announcing an exciting project to develop community solar in New York.
  • Urban Energy will develop a 620 kW rooftop community solar system and provide a new roof for the two buildings that make up the Westgate Park Condominium, managed by Anker Management.
  • About Urban Energy: Urban Energy was founded in July 2017 as a solar developer, EPC, and advanced racking manufacturer.
  • Following triple-bottom-line principles, Urban Energy makes rooftop solar viable for multifamily buildings by offering scalable and financeable solar products, including an innovative solar canopy designed specifically for underserved urban buildings.

Vikram Solar awarded 350 MW module supply order in the US

Retrieved on: 
Monday, September 19, 2022
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Vikram Solar's consolidated export portfolio in the US now stands at ~700 MW across Arizona, Texas and the West Coast

Key Points: 
  • Vikram Solar's consolidated export portfolio in the US now stands at ~700 MW across Arizona, Texas and the West Coast
    Showcasing advanced technology modules at the RE+ 2022 in Anaheim, California(CA)
    BOSTON, Sept. 19, 2022 /PRNewswire/ -- Vikram Solar, one of India's leading module manufacturers and comprehensive EPC solar solutions provider has been awarded a 350 MW module supply order from a leading Independent Power Producer (IPP) in the United States (US).
  • Speaking on the order win, Mr. Gyanesh Chaudhary, Vice Chairman and Managing Director, Vikram Solar, said, "We are delighted to win this order from one of the leading US IPP.
  • Vikram Solar was the first Indian solar manufacturer to be recognized in PV Evolution Labs (PVEL) PV Module Reliability Scorecard in 2017.
  • Vikram Solar is a 'Top Performer' in PVEL's PV module reliability scorecard and has been included in the Tier 1 solar PV modules manufacturer list of BloombergNEF.

GOLDBECK SOLAR, the Hirschberg-based Company, Expands to North America by Acquiring GP JOULE EPC Business Unit

Retrieved on: 
Monday, September 19, 2022
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The purchase includes the acquisition of the entire GP JOULE EPC NA team as well as the use of the local brand for a limited period.

Key Points: 
  • The purchase includes the acquisition of the entire GP JOULE EPC NA team as well as the use of the local brand for a limited period.
  • "We are convinced that we have found the right partner and buyer for our companies in North America in GOLDBECK SOLAR," adds Ove Petersen, co-founder and CEO of GP JOULE.
  • GP JOULE PV Canada Corp. and GP JOULE PV USA Inc. were subsidiaries of the Germany-based GP JOULE Group until 09/09/2022.
  • GP JOULE is the winner of the Schleswig-Holstein Business Environment Award 2019 and the German Renewables Award 2020.