IPP

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.

SurgePays Taps Derron Winfrey as Vice President

Retrieved on: 
Friday, February 16, 2024
ISO, Acquisition, ECS, IPP, ATM, Derron Smith, Wichita State University, University, SURG, Optical disc image, Telecommunications

BARTLETT, Tenn., Feb. 16, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved communities, announced today the appointment of Fintech and prepaid industry veteran Derron Winfrey as vice president, business development of the Company.

Key Points: 
  • BARTLETT, Tenn., Feb. 16, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved communities, announced today the appointment of Fintech and prepaid industry veteran Derron Winfrey as vice president, business development of the Company.
  • Upon joining SurgePays, he became president of SurgePays' prepaid division and has been serving in various business development and advisory roles.
  • In his new position, Mr. Winfrey will work with SurgePays President Jeremy Gies to help drive innovation by discovering, developing, and implementing new fintech products and services.
  • "Derron helped build the foundation of SurgePays' prepaid business," said Jeremy Gies, president of SurgePays.

EQS-News: ENERPARC secures bridge financing for 325 MW solar projects from Eiffel Investment Group

Retrieved on: 
Thursday, February 15, 2024
Power purchase agreement, Renewable energy law, Bird, IPP, BESS, PPA, EEG, Nominal power (photovoltaic), Professional, Renewable energy

ENERPARC AG has successfully secured bridge financing for a project portfolio consisting of solar PV and hybrid projects including battery storage (BESS) with an aggregate capacity of 325 MW.

Key Points: 
  • ENERPARC AG has successfully secured bridge financing for a project portfolio consisting of solar PV and hybrid projects including battery storage (BESS) with an aggregate capacity of 325 MW.
  • The financing was provided by the renowned French investment firm, Eiffel Investment Group, with Capcora acting as the exclusive financial advisor to ENERPARC throughout the process.
  • This transaction is the first German transaction of Eiffel Energy Transition III, the third vintage of our Eiffel Energy Transition program," added Pierre-Antoine Machelon, Managing Director, Eiffel Investment Group.
  • Eiffel Investment Group was advised by Bird&Bird as lenders legal counsel.

Tigo Energy Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, February 13, 2024
Commercial Building & Real Estate, Technology, Construction & Property, Utilities, Software, Alternative Energy, Energy, Internet, Hardware, Residential Building & Real Estate, CFO, The Company, Algorithm, IPP, Growth, EDF, GAAP, GO, Gateway Group, Video game

Tigo Energy, Inc. ("Tigo", or the "Company") (NASDAQ: TYGO), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the fourth quarter and full year ended December 31, 2023 and financial guidance for the first quarter ending March 31, 2024.

Key Points: 
  • Tigo Energy, Inc. ("Tigo", or the "Company") (NASDAQ: TYGO), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the fourth quarter and full year ended December 31, 2023 and financial guidance for the first quarter ending March 31, 2024.
  • Announced CPV Retail Energy and EDF Renewables Israel as new Tigo Predict+ customers, increasing annual recurring revenue to $0.8 million.
  • Revenue for the fourth quarter 2023 totaled $9.2 million, a 70.1% decrease from $30.9 million in the prior year comparable period.
  • Net loss for the fourth quarter 2023 totaled $14.8 million, compared to net income of $0.9 million for the prior year comparable period.

Urban Grid Names Chief Financial Officer, Chief Commercial Officer to Senior Leadership Posts

Retrieved on: 
Tuesday, February 13, 2024
CFO, IPP, Farmer, Plan, Head, Professional, Renewable energy

HOUSTON, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Urban Grid , a leading independent power producer (IPP), has named Eivind Osterhus as Chief Financial Officer and Erica Engle as Chief Commercial Officer.

Key Points: 
  • HOUSTON, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Urban Grid , a leading independent power producer (IPP), has named Eivind Osterhus as Chief Financial Officer and Erica Engle as Chief Commercial Officer.
  • The two senior executives have noteworthy career achievements and round out Urban Grid’s senior management team .
  • “This is an exciting time to join Urban Grid as they expand their presence as an owner-operator of renewable assets,” Engle remarked.
  • Urban Grid maintains a delivery-focused approach with the goal of being a good neighbor, corporate citizen and trusted energy solutions partner.

BrightNight Adds Experienced Asset Management, Operations & Maintenance, and Construction Leadership to Support Next Phase of Portfolio Growth

Retrieved on: 
Monday, February 5, 2024
Avangrid, Growth, Doren, Knowledge, IPP, Senior, AES, EPC, Wind, Construction management, Operation, PALM, Engineering, Construction, Asset management, Renewable energy

He spent the last 16 years successfully scaling organizations in the renewable generation space with full P&L responsibility.

Key Points: 
  • He spent the last 16 years successfully scaling organizations in the renewable generation space with full P&L responsibility.
  • At BrightNight, Jeff will lead the development and execution of new Asset, Operations & Maintenances competencies across its multi-resource, utility-scale renewable power plants in the U.S.
  • He will lead BrightNight's Construction Management team in the U.S., with a focus on accelerating the buildout of BrightNight's U.S. project portfolio.
  • Jeff and Doren bring tremendous experience and knowledge as we manage our portfolio buildout and enter the next phase of our rapid growth."

EQS-News: Powering Progress: Photon Energy Commissions its 10th PV Power Plant in Romania

Retrieved on: 
Monday, February 5, 2024
Photon, Plant, Independent power producer, IPP, EPC, Nominal power (photovoltaic), CEE, FSX, Photon energy, Kilowatt-hour, O&M, PV, EUR, Electricity, Engineering, Renewable energy

Amsterdam/Bucharest – 1 February 2024 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’ or the ‘Company’) announces that Photon Energy Engineering Romania S.R.L.

Key Points: 
  • Amsterdam/Bucharest – 1 February 2024 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’ or the ‘Company’) announces that Photon Energy Engineering Romania S.R.L.
  • ‘We are pleased to announce the successful commissioning of our tenth PV power plant in Romania, marking a significant milestone for our activities in this core market,’ said Georg Hotar, CEO of Photon Energy Group.
  • The power plant is owned and operated by a special-purpose subsidiary of Photon Energy Group.
  • In the Romanian market, Photon Energy offers a wide range of solar power solutions including project development, EPC (engineering, procurement and construction) and O&M (operations and maintenance) for PV power plants.

Alternus Clean Energy Inc.: Invitation to The Microcap Conference

Retrieved on: 
Tuesday, January 23, 2024
Interest, Conference, IPP, Nursing

Fort Mill, South Carolina--(Newsfile Corp. - January 23, 2024) - Alternus Clean Energy Inc. (NASDAQ: ALCE), a utility-scale transatlantic clean energy independent power producer (IPP), will be participating in The Microcap Conference, which will take place January 30, 31, February 1, 2024 at Caesars Atlantic City Hotel & Casino in Atlantic City, NJ.

Key Points: 
  • Fort Mill, South Carolina--(Newsfile Corp. - January 23, 2024) - Alternus Clean Energy Inc. (NASDAQ: ALCE), a utility-scale transatlantic clean energy independent power producer (IPP), will be participating in The Microcap Conference, which will take place January 30, 31, February 1, 2024 at Caesars Atlantic City Hotel & Casino in Atlantic City, NJ.
  • Vincent Browne, CEO, and Aaron Ratner, Executive Director, will be presenting on January 31 & February 1, 2024.
  • Members of the Alternus Clean Energy Inc. management team will also be conducting one-on-one meetings throughout the conference.
  • To register to attend The Microcap Conference, follow this link .