IPP

Recurrent Energy Secures €110 Million Multi-Currency, Green Loan Facility from Investec Energy and Infrastructure Finance UK

Retrieved on: 
Wednesday, April 3, 2024
Trust, IPP, Renewable energy

The facility consists of a €55 million term loan and a €55 million revolving credit facility with a total duration of three years.

Key Points: 
  • The facility consists of a €55 million term loan and a €55 million revolving credit facility with a total duration of three years.
  • As of January 31, 2024, Recurrent Energy had 27 GWp of solar PV project pipeline and 55 GWh of energy storage pipeline.
  • Ismael Guerrero, CEO of Recurrent Energy, said, "This facility marks a significant step towards our goal of establishing a leading global platform for clean, reliable, and affordable energy solutions.
  • Antonio Cravo, Investec Energy and Infrastructure Finance UK, added, "Leveraging our deep expertise in the sector, we successfully delivered a tailored financing solution that will enable Recurrent Energy to achieve its strategic ambitions and continue its transition to an IPP model.

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.

EQS-News: Photon Energy Group Presents Preliminary Results for 2023

Retrieved on: 
Wednesday, March 13, 2024
Photon, Reconstruction, KWP, PV, European Central Bank, Weather, IPP, Plant, Sale, Green bond, FSX, EBRD, Yoy, EUR, History, EPC, Nominal power (photovoltaic), Electricity, O&M, Q&A, Kilowatt-hour, Power purchase agreement, Environment, Photon energy

Amsterdam – 20 February 2024 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (the ‘Group’ or the ‘Company’) has announced its unaudited financial results for the fourth quarter of 2023 and for the full fiscal year ending 31 December 2023.

Key Points: 
  • Amsterdam – 20 February 2024 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (the ‘Group’ or the ‘Company’) has announced its unaudited financial results for the fourth quarter of 2023 and for the full fiscal year ending 31 December 2023.
  • ‘We are aware that the results published in this Q4 2023 report are not what we wished for and promised at the beginning of 2023.
  • Despite all these adversities, we managed to achieve the largest increase in generation capacity in the history of Photon Energy Group with overall 35.4 MWp commissioned within a year,’ said Georg Hotar, CEO of Photon Energy Group.
  • Furthermore, on 24 January 2024, EBRD approved the provision of a financing facility to Photon Energy Group in the amount of up to 15 million EUR.

Alternus Clean Energy to Participate in Upcoming Investor Conferences and Industry Events

Retrieved on: 
Thursday, March 7, 2024
Wynn Las Vegas, IPP, Wind, Conference, Battery, Dana Point, California

FORT MILL, S.C., March 07, 2024 (GLOBE NEWSWIRE) -- Alternus Clean Energy (NASDAQ: ALCE) (“Alternus” or the “Company”), a leading utility-scale transatlantic, clean energy independent power producer (IPP) today announced its participation in various industry events and investor conferences over the next several months.

Key Points: 
  • FORT MILL, S.C., March 07, 2024 (GLOBE NEWSWIRE) -- Alternus Clean Energy (NASDAQ: ALCE) (“Alternus” or the “Company”), a leading utility-scale transatlantic, clean energy independent power producer (IPP) today announced its participation in various industry events and investor conferences over the next several months.
  • March 17-19, 2024 - ROTH MKM 36th Annual ROTH Conference - to be held at The Ritz Carlton Laguna Niguel in Dana Point, CA, USA.
  • Members of the management team will be available for one-on-one meetings with institutional investors on March 18 and 19.
  • April 8-9, 2024 - 2024 - LD Micro Invitational XIV – to be held at the Sofitel in New York City, NY.

Alternus Clean Energy Celebrates Activation of Omohundro Solar Project at Ceremony with Mayor of Nashville, TN

Retrieved on: 
Tuesday, February 20, 2024
Metro, IPP, Government, Omohundro, Partnership, Renewable energy

FORT MILL, S.C., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Alternus Clean Energy (NASDAQ: ALCE) (“Alternus”), a leading utility-scale transatlantic, clean energy independent power producer (IPP), proudly announces the successful activation of the Omohundro Solar Project ("Omohundro") on December 28, 2023, by its wholly owned subsidiary Lightwave Renewable LLC. This milestone was celebrated with a ribbon-cutting ceremony on Friday, February 16 with Nashville Mayor, Freddie O’Connell and marks the completion of the third operational asset in Alternus' collaboration with Metro Water Services ("Metro") in Nashville, Tennessee, furthering the city's commitment to sustainable energy solutions.

Key Points: 
  • --Project Represents Completion of the Third Stage of First U.S. Based Installation for Alternus Clean Energy with More Planned in Tennessee--
    FORT MILL, S.C., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Alternus Clean Energy (NASDAQ: ALCE) (“Alternus”), a leading utility-scale transatlantic, clean energy independent power producer (IPP), proudly announces the successful activation of the Omohundro Solar Project ("Omohundro") on December 28, 2023, by its wholly owned subsidiary Lightwave Renewable LLC.
  • The solar installation will provide a major portion of the energy needed for Metro Water Services’ operations at the Omohundro campus.
  • Omohundro, with a total capacity of 2.6 MW, consists of two segments: Omohundro East (1.5MW) and Omohundro West (1.1MW).
  • Alternus has already initiated several other clean energy projects in Tennessee as part of its ongoing commitment to expanding renewable energy initiatives in the U.S.

RIC Energy sells 20 MW of New York State Community Solar Projects to Luminace

Retrieved on: 
Monday, March 4, 2024
Other Energy, Utilities, Environment, Sustainability, Alternative Energy, Green Technology, Energy, Engineering, Multimedia, National Grid, IPP, Plant, Sale, Community solar, Solar energy, RIC, Renewable energy

View the full release here: https://www.businesswire.com/news/home/20240304271215/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240304271215/en/
    Photovoltaic project developed by RIC Energy in the town of Hanover, in the state of New York (Photo: Business Wire)
    The plants, with a combined capacity of 20 MW, are in New York State Electric and Gas (NYSEG) and National Grid service territories in upstate New York.
  • The facilities are expected to provide 100 percent clean energy to more than 5,000 homes participating in the utilities' community solar programs.
  • “RIC Energy’s current portfolio includes nationwide photovoltaic and energy storage projects at both the community and utility scale,” said José Luis Moya, Global CEO of RIC Energy.
  • RIC Energy is a leading renewable energy project developer focused on delivering renewable energy and energy storage facilities throughout the United States at the community and utility scale.

ACWA Power and Larsen & Toubro Select Nextracker’s All-Terrain Solar Trackers for Al Kahfah Solar Park

Retrieved on: 
Wednesday, February 21, 2024
Technology, Manufacturing, Robotics, Utilities, Other Technology, Green Technology, Alternative Energy, Environment, Energy, Engineering, Machinery, Al-badil, Ministry, Multimedia, Larsen & Toubro, IPP, NXT, Plant, NX, Vision 2030, L&T, ACWA Power, Kingdom, Wind, Partnership, Renewable energy

View the full release here: https://www.businesswire.com/news/home/20240220787134/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240220787134/en/
    NX Horizon-XTR featured on a utility-scale solar power plant 250 MW.
  • (Photo: Nextracker)
    Al Kahfah is one of the three major solar PV Independent Power Producer (IPP) projects being led by Badeel and ACWA Power.
  • Global construction giant L&T has also been awarded the engineering, procurement, and construction contract for the Al Kahfah Solar Power Plant.
  • Nextracker previously partnered with ACWA Power and L&T on the Sudair Solar PV Plant (906 MW) to provide its intelligent solar trackers boosting energy generation for these plants.

Redeux Energy Launches Corporate Equity Raise; Retains Marathon Capital as Financial Advisor

Retrieved on: 
Thursday, March 7, 2024
Carbon, Acquisition, Engineering, MISO, Cathexis, Risk management, IPP, ERCOT, Education minister, Growth, Sale, Marathon Capital, RES, General counsel, BayWa, Developer, WECC, POI, Human resources, Becker, BP Solar, Renewable energy

DENVER, March 7, 2024 /PRNewswire/ -- Redeux Energy Partners LLC ("Redeux"), a leading utility-scale solar and energy storage development company, has retained Marathon Capital, LLC ("Marathon Capital") as its exclusive financial advisor to raise corporate-level equity capital.

Key Points: 
  • DENVER, March 7, 2024 /PRNewswire/ -- Redeux Energy Partners LLC ("Redeux"), a leading utility-scale solar and energy storage development company, has retained Marathon Capital, LLC ("Marathon Capital") as its exclusive financial advisor to raise corporate-level equity capital.
  • The process is targeting investors interested in taking a minority position in the cap table, closing by Q3 2024.
  • Proceeds will be deployed to expand pipeline origination efforts, fund ongoing development for existing pipeline, and continuously improve the platform's capabilities.
  • Shaw Renewable Investments, Community Energy, BayWa r.e., Canadian Solar, and BP Solar to lead Redeux's origination strategy and project portfolio development.

Valmet to add biomass co-firing to a coal-fired circulating fluidized bed boiler for PT. Cikarang Listrindo in Indonesia

Retrieved on: 
Wednesday, February 21, 2024
Paper, Engineering, Nasdaq Helsinki, Coal, CFB, IPP, Independent power producer, Biomass, Osakeyhtiö, Senior, EET, CO2, Biofuel, Automation, Electricity, Renewable energy

ESPOO, Finland, Feb. 21, 2024 /PRNewswire/ -- Valmet will supply a partial bioconversion for PT. Cikarang Listrindo Tbk's coal-fired circulating fluidized bed (CFB) boiler in Babelan, Indonesia. The investment reflects Cikarang Listrindo's initiative for greener energy production and environmentally friendlier operation by reducing reliance on fossil fuels and cutting CO2 emissions.

Key Points: 
  • Cikarang Listrindo Tbk's coal-fired circulating fluidized bed (CFB) boiler in Babelan, Indonesia.
  • Cikarang Listrindo is also utilizing renewable fuels in its steam generation process by rebuilding the existing CFB boiler in unit 2.
  • Cikarang Listrindo Tbk, located in Bekasi Regency, Indonesia, is the longest operating Independent Power Producer (IPP) in Indonesia.
  • Cikarang Listrindo started its initial operation in 1993 and is currently serving more than 2,600 industrial customers in five industrial estates in Cikarang.

Å Entelios and Solar Power Accelerator enter into a strategic collaboration for the expansion of Energy as a Service including solar plants and energy storage systems

Retrieved on: 
Tuesday, February 20, 2024
Carbon, Energi, EV, Cloud computing, Solar, IPP, Carbon footprint, PPA, Entrepreneurship, C&I, Energy, SPA, Electricity, Solar energy, Renewable energy

These services encompass planning, procurement, financing, operation, service, and maintenance for solar plants and battery storage solutions.

Key Points: 
  • These services encompass planning, procurement, financing, operation, service, and maintenance for solar plants and battery storage solutions.
  • Å Entelios is part of Norway's leading power group, Å Energi, which is owned by Norwegian Statkraft and 30 municipalities.
  • Solar Power Accelerator AB (SPA) is an independent power producer (IPP), developer, and EaaS provider of large-scale rooftop-based solar power.
  • "The collaboration with Å Entelios allows us to focus on cost-effective and less complex energy projects with increased customer satisfaction.