IPP

Alternus Energy Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 28, 2023
Nominal power (photovoltaic), Sale, Acquisition, Inflation, IPP, Electricity, Yoy, Weather, Growth, Environment, Renewable energy

DUBLIN, Ireland, Nov. 28, 2023 (GLOBE NEWSWIRE) -- International Renewable Independent Power Producer (IPP) Alternus Energy Group Plc (OSE: ALT) (the “Company” or “Alternus”) today announced unaudited U.S. GAAP financial results for the third quarter of 2023 under the US GAAP format.

Key Points: 
  • DUBLIN, Ireland, Nov. 28, 2023 (GLOBE NEWSWIRE) -- International Renewable Independent Power Producer (IPP) Alternus Energy Group Plc (OSE: ALT) (the “Company” or “Alternus”) today announced unaudited U.S. GAAP financial results for the third quarter of 2023 under the US GAAP format.
  • Selling and general expenses increased by $1 million (41%) YoY as the company grew personnel and infrastructure to drive development activities.
  • As a result of this higher returns focus, as previously announced, Alternus plans to divest its operating parks in Poland and the Netherlands.
  • The table below summarizes the Company’s diversified portfolio of assets as of 30 September 2023.

On.Energy Closes $40 Million of Construction and Permanent Financing to Build Palo Verde Battery Storage Portfolio in Texas

Retrieved on: 
Wednesday, December 20, 2023
Oil, Gas, Alternative Energy, State, Local, Energy, Green Technology, Sustainability, Technology, Finance, Professional Services, Batteries, Environment, Public Policy, Government, Other Technology, Other Energy, Utilities, Kilowatt-hour, Live Oak Bank, Independent power producer, Inflation, IPP, ESS, Electricity, ERCOT, Investment, Carbon, CAISO, ITC, Renewable energy

On.Energy , a proven end-to-end integrator of battery energy storage and Independent Power Producer (IPP), today announced it has closed both construction facility totaling more than $40 million and permanent debt facilities for an 80 megawatt-hour (MWh) portfolio in Texas (the Palo Verde Projects) with financing provided by Live Oak Bank.

Key Points: 
  • On.Energy , a proven end-to-end integrator of battery energy storage and Independent Power Producer (IPP), today announced it has closed both construction facility totaling more than $40 million and permanent debt facilities for an 80 megawatt-hour (MWh) portfolio in Texas (the Palo Verde Projects) with financing provided by Live Oak Bank.
  • This project also integrates an investment tax credit (ITC) transfer – among the first of its kind for merchant battery storage projects.
  • The portfolio includes both greenfield development sites as well as projects acquired through M&A in mid-2023.
  • On.Energy President of North America Salvatore Minopoli added, “We are honored and excited to be working with Live Oak Bank.

Largest CSP project in the world inaugurated in Dubai

Retrieved on: 
Thursday, December 7, 2023
Utilities, Environment, Sustainability, Alternative Energy, Green Technology, Energy, Environmental Health, Carbon, ACWA Power, Guinness, Multimedia, Heart, Movement, Guinness World Records, Muhammad, MD, IPP, CSP, Kilowatt-hour, Renewable energy

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated the largest concentrated solar power (CSP) project in the world, within the 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.

Key Points: 
  • His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated the largest concentrated solar power (CSP) project in the world, within the 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
  • View the full release here: https://www.businesswire.com/news/home/20231207309506/en/
    Largest CSP project in the world inaugurated in Dubai (Photo: AETOSWire)
    His Highness Sheikh Mohammed bin Rashid Al Maktoum said: “The UAE has a clear vision to transform itself into one of the world's most sustainable nations.
  • It uses 3 hybrid technologies: 600MW from a parabolic basin complex, 100MW from the CSP tower, and 250MW from photovoltaic solar panels.
  • His Excellency Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), explained that the project will provide approximately 320,000 residences with clean and sustainable energy.

WETEX and DSS 2023 Hosts 14 Companies from Russia

Retrieved on: 
Thursday, November 23, 2023
Vehicle Technology, Environment, Technology, Sustainability, Mobile, Wireless, Construction & Property, Building Systems, Urban Planning, Other Energy, Utilities, Alternative Energy, Energy, Green Technology, Alternative Vehicles, Fuels, Artificial Intelligence, Automotive, EV, Electric Vehicles, Other Technology, Environmental Issues, Telecommunications, Environmental Health, Software, Water, AWT, Dubai World Trade Centre, Water purification, Multimedia, Marketing, Solar energy, Drinking water, DSS, HJT, IPP, AI, Customised buses, BIPV, International business, EPC, Renewable energy, MENA

The 25th Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS) attracted 14 companies from Russia, specialising in water treatment, water purification, smart light systems, AI recognition system, EV charging, renewable power sources technology, electrotechnical equipment and solar energy among others.

Key Points: 
  • The 25th Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS) attracted 14 companies from Russia, specialising in water treatment, water purification, smart light systems, AI recognition system, EV charging, renewable power sources technology, electrotechnical equipment and solar energy among others.
  • Dubai Electricity and Water Authority (DEWA) organised WETEX and DSS from 15 to 17 November 2023 at the Dubai World Trade Centre.
  • View the full release here: https://www.businesswire.com/news/home/20231123864564/en/
    WETEX and DSS 2023 hosts 14 companies from Russia (Photo: AETOSWire)
    “At Unigreen Energy, we specialise in producing high-efficiency solar cells, stringers, and panels using our proprietary Heterojunction Technology (HJT), with a production capacity of 1.3 MW.
  • At WETEX we showcased our BIPV modules, known for their customisability and impressive efficiency as they are particularly in demand.

Aspen Creek Power and Oakhurst Energy Development Merge to Create Headwater Energy, a Pioneering Integrated Developer/IPP

Retrieved on: 
Tuesday, December 12, 2023
Acquisition, History, Southeastern United States, River source, CIO, Partnership, IPP, Growth, Renewable energy, Aspen

RALEIGH, N.C., Dec. 12, 2023 /PRNewswire-PRWeb/ -- Aspen Creek Power Holdings, LLC ("Aspen"), a renewable energy development and finance company based in California, and Oakhurst Energy Development, LLC ("Oakhurst"), a renewable energy development company from North Carolina, are pleased to announce their strategic merger.

Key Points: 
  • RALEIGH, N.C., Dec. 12, 2023 /PRNewswire-PRWeb/ -- Aspen Creek Power Holdings, LLC ("Aspen"), a renewable energy development and finance company based in California, and Oakhurst Energy Development, LLC ("Oakhurst"), a renewable energy development company from North Carolina, are pleased to announce their strategic merger.
  • The merger creates Headwater Energy, LLC ("Headwater"), an integrated solar and energy storage developer and independent power producer (IPP).
  • Latham Grimes, CEO of Oakhurst, echoed these sentiments, stating: "Our collaboration with the Aspen team has been extremely rewarding.
  • As Headwater Energy sets its sights on the future, Sarthak Gupta, Chief Investment Officer (CIO) of Aspen and Headwater Energy, outlined the next steps: "Our focus now shifts to capital formation.

ATLAS RENEWABLE ENERGY RECEIVES THE LARGEST EVER RENEWABLE ENERGY USD LOAN FROM BNDES FOR LATIN AMERICA'S LARGEST SOLAR PPA

Retrieved on: 
Wednesday, November 29, 2023
Aluminium, PPA, SAO, Woman, Renewable energy, Entrepreneurship, CO2, Student, Trust, USD, BNDES, Professional, IPP, Electricity, Robotics, ESG, Atlas, Albras

SAO PAULO, Nov. 29, 2023 /PRNewswire/ -- Atlas Renewable Energy, international developer and one of the largest and fastest-growing independent power producers (IPP) in Latin America, secured a USD447.8 million (equivalent to R$2,18 billion) loan from the Brazilian development bank (BNDES), the bank's largest renewable energy US Dollar loan to date, to build the Vista Alegre Solar Plant. With an installed capacity of 902 MWp, equivalent to 768 MWac, the plant will produce an average of 200 MW or 2TWh annually, preventing 2.4 million tons of CO2 during its 20-year operation – equivalent to producing enough power to supply over 3 million people. https://www.atlasrenewableenergy.com/en/atlas-renewable-energy-secures-b...

Key Points: 
  • The USD 447.8 million loan, the largest ever renewable energy USD loan by BNDES, will help Atlas Renewable Energy build the Vista Alegre Solar Plant.
  • SAO PAULO, Nov. 29, 2023 /PRNewswire/ -- Atlas Renewable Energy, international developer and one of the largest and fastest-growing independent power producers (IPP) in Latin America, secured a USD447.8 million (equivalent to R$2,18 billion) loan from the Brazilian development bank (BNDES), the bank's largest renewable energy US Dollar loan to date, to build the Vista Alegre Solar Plant.
  • Vista Alegre allows Atlas to continue positioning itself as a leader in US dollar PPAs for large energy consumers in Brazil.
  • We would like to thank BNDES for their support and trust in offering Atlas Renewable Energy the largest-ever US Dollar loan they have ever granted for a renewable energy project.

ATLAS RENEWABLE ENERGY RECEIVES THE LARGEST EVER RENEWABLE ENERGY USD LOAN FROM BNDES FOR LATIN AMERICA'S LARGEST SOLAR PPA

Retrieved on: 
Wednesday, November 29, 2023
Aluminium, PPA, SAO, Woman, Renewable energy, Entrepreneurship, CO2, Student, Trust, USD, BNDES, Professional, IPP, Electricity, Robotics, ESG, Atlas, Albras

SAO PAULO, Nov. 29, 2023 /PRNewswire/ -- Atlas Renewable Energy, international developer and one of the largest and fastest-growing independent power producers (IPP) in Latin America, secured a USD447.8 million (equivalent to R$2,18 billion) loan from the Brazilian development bank (BNDES), the bank's largest renewable energy US Dollar loan to date, to build the Vista Alegre Solar Plant. With an installed capacity of 902 MWp, equivalent to 768 MWac, the plant will produce an average of 200 MW or 2TWh annually, preventing 2.4 million tons of CO2 during its 20-year operation – equivalent to producing enough power to supply over 3 million people. https://www.atlasrenewableenergy.com/en/atlas-renewable-energy-secures-b...

Key Points: 
  • The USD 447.8 million loan, the largest ever renewable energy USD loan by BNDES, will help Atlas Renewable Energy build the Vista Alegre Solar Plant.
  • SAO PAULO, Nov. 29, 2023 /PRNewswire/ -- Atlas Renewable Energy, international developer and one of the largest and fastest-growing independent power producers (IPP) in Latin America, secured a USD447.8 million (equivalent to R$2,18 billion) loan from the Brazilian development bank (BNDES), the bank's largest renewable energy US Dollar loan to date, to build the Vista Alegre Solar Plant.
  • Vista Alegre allows Atlas to continue positioning itself as a leader in US dollar PPAs for large energy consumers in Brazil.
  • We would like to thank BNDES for their support and trust in offering Atlas Renewable Energy the largest-ever US Dollar loan they have ever granted for a renewable energy project.

AYPA POWER SECURES $550 MILLION PORTFOLIO FINANCING FOR BORDEN COUNTY AND CALD BATTERY STORAGE PROJECTS

Retrieved on: 
Wednesday, November 8, 2023
MUFG Bank, First Citizens BancShares, National Bank of Canada, National bank, Project finance, IPP, MUFG, Overalls, Blackstone, San Diego Gas & Electric, Security (finance), Renewable energy, CALD, Nomura

This portfolio financing supports both the Cald project, a 100 MW / 400 MWh standalone battery storage project in urban Los Angeles, California which secured a long-term tolling agreement with San Diego Gas & Electric, and the Borden County project, a 150 MW / 300 MWh battery storage project in Texas.

Key Points: 
  • This portfolio financing supports both the Cald project, a 100 MW / 400 MWh standalone battery storage project in urban Los Angeles, California which secured a long-term tolling agreement with San Diego Gas & Electric, and the Borden County project, a 150 MW / 300 MWh battery storage project in Texas.
  • Our financial partners are confident in Aypa Power's ability to deliver impactful energy solutions benefitting both the grid and Aypa's customers.
  • "It is our pleasure to partner with Aypa as the tax equity investor," said U.S. Bancorp Impact Finance Senior Vice President Adam Altenhofen.
  • "Our financing helps facilitate the energy transition and it's exciting to consider the potential impact of these projects in California and Texas."

EQS-News: AGP Sustainable Real Assets Announces Strategic Investment from Stonepeak

Retrieved on: 
Tuesday, November 7, 2023
Clifford Chance, United Kingdom, Housing, Sidley Austin, Senior, CIO, Growth, Independent power producer, Partnership, Aliaa Magda Elmahdy, IPP, AGP, SINGAPORE, Asset management

SINGAPORE & NEW YORK, USA - Media OutReach - 3 November 2023 - AGP Sustainable Real Assets ("AGP"), a Singapore-based global infrastructure and real assets developer and operator, today announced a strategic, preferred investment from Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets.

Key Points: 
  • SINGAPORE & NEW YORK, USA - Media OutReach - 3 November 2023 - AGP Sustainable Real Assets ("AGP"), a Singapore-based global infrastructure and real assets developer and operator, today announced a strategic, preferred investment from Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets.
  • Together, Stonepeak and AGP will work to further AGP's mission to build real assets that enable a sustainable and net zero emissions future.
  • Ben Salmon, AGP Partner, commented: "This strategic investment represents a pivotal milestone in AGP's journey.
  • Sidley Austin LLP is serving as legal counsel to Stonepeak, and Clifford Chance LLP is serving as legal counsel to AGP.

Strata Clean Energy Secures a $300 Million Revolving Credit Facility to Support Expansion of Vertically Integrated Clean Energy Platform

Retrieved on: 
Monday, November 6, 2023
Professional Services, Environment, Utilities, Alternative Energy, Socially Responsible Investing, Energy, Loan Syndications and Trading Association, First Citizens BancShares, Primary energy, O&M, Bookrunner, Growth, Independent power producer, IPP, EPC, CFO, Letter, Renewable energy, Bank, Nomura

Strata Clean Energy (“Strata” or the “Company”) announced the closing of a $300 million new revolving loan and letter of credit facility to expand Strata’s operational fleet and accelerate the commercialization of its diversified 17+ GW development pipeline.

Key Points: 
  • Strata Clean Energy (“Strata” or the “Company”) announced the closing of a $300 million new revolving loan and letter of credit facility to expand Strata’s operational fleet and accelerate the commercialization of its diversified 17+ GW development pipeline.
  • Notably, this loan adheres to a Green Financing Framework in accordance with the 2023 Loan Syndications and Trading Association (“LSTA”) Green Loan Principles, demonstrating Strata’s steadfast commitment to environmental responsibility.
  • The proceeds of the loan will support the development, construction, and operation of Strata’s upcoming renewable energy, energy storage, and Power to X projects.
  • "This facility strengthens Strata’s liquidity position and enables us to drive forward with groundbreaking and economically viable renewable initiatives in markets nationwide,” said Alice Heathcote, CFO of Strata Clean Energy.