EDP Renováveis

Shell sells interest in SouthCoast Wind to existing joint venture partner, Ocean Winds

Retrieved on: 
Wednesday, March 20, 2024
Wind, ENGIE, Farm, Natural gas, Shell, EDP, EDP Renováveis, Partnership, Gasoline, Senior, Progress, Shell plc, Hydrogen, Lubricant, Subsidiary, Renewable energy

HOUSTON, March 20, 2024 /PRNewswire/ -- Shell New Energies US LLC (Shell), a subsidiary of Shell plc, has sold its 50% equity share in SouthCoast Wind Energy LLC (SouthCoast Wind) to joint venture partner Ocean Winds North America LLC (Ocean Winds).

Key Points: 
  • HOUSTON, March 20, 2024 /PRNewswire/ -- Shell New Energies US LLC (Shell), a subsidiary of Shell plc, has sold its 50% equity share in SouthCoast Wind Energy LLC (SouthCoast Wind) to joint venture partner Ocean Winds North America LLC (Ocean Winds).
  • SouthCoast Wind is a 50-50 joint venture between Shell and Ocean Winds, established to develop offshore wind projects off the coast of Massachusetts.
  • Ocean Winds is a 50-50 offshore wind joint venture owned by EDP Renewables and ENGIE.
  • In the U.S., Shell is a 50-50 partner in an additional offshore wind joint venture, Atlantic Shores Offshore Wind LLC (Atlantic Shores), with EDF-RE Offshore Development, LLC.

EDP Renewables North America and Volt Energy Utility Announce Solar Project with Microsoft Focused on Environmental Justice & Resiliency Building

Retrieved on: 
Tuesday, March 19, 2024
Electricity, Microsoft, EDPR, Organization, EDP Renováveis, Biophysical environment, Partnership, Guarantee of origin, Controlled Substances Act, Wind, Carbon, Student, Woman, EJ, Justice, Workforce, PV, Volt, EDP Renewables North America, Renewable energy

HOUSTON, March 19, 2024 /PRNewswire/ -- EDP Renewables North America (EDPR NA) and Volt Energy Utility, announced a partnership today launching the development of Hickory Solar Park (Hickory), a 110 MWac photovoltaic (PV) project located near Jerseyville, Illinois. Microsoft has agreed to purchase electricity and renewable energy credits (RECs) for fifteen years from the project. This arrangement drives concrete action toward the three companies' shared commitment to an equitable and just transition of the electric power sector.i

Key Points: 
  • Microsoft has agreed to purchase electricity and renewable energy credits (RECs) for fifteen years from the project.
  • With this EJ PPA, Hickory will contribute funding to enable the Sharing the Power Foundation to administer funds to mission-aligned programs.
  • "We are pleased to work with EDP Renewables and Volt Energy in reducing our environmental impact, and helping under-resourced communities build climate resilience," noted Kourtney Nelson, Senior Director of Renewable Energy Procurement, Microsoft.
  • In addition to the Hickory announcement, Microsoft also recently executed power purchase agreements at EDPR's Wolf Run Solar Park (140MWac, Illinois) and Cattlemen Solar Park II (150MWac, Texas).

CONNOR, CLARK & LUNN INFRASTRUCTURE TO EXPAND RENEWABLE ENERGY PORTFOLIO WITH INVESTMENT IN 297 MEGAWATT ALBERTA WIND FARM

Retrieved on: 
Wednesday, February 14, 2024
EDP, EDPR, Torys, EDP Renováveis, Project, Enterprise value, Wind, EDP Renewables North America, Farm, CC, Renewable energy

"The Sharp Hills wind farm is an attractive addition to our increasingly diverse portfolio of infrastructure assets.

Key Points: 
  • "The Sharp Hills wind farm is an attractive addition to our increasingly diverse portfolio of infrastructure assets.
  • "CC&L Infrastructure has a long history and significant expertise as an owner of more than 80 clean energy projects.
  • "We're excited to partner again with CC&L Infrastructure, this time in Alberta," added Sandhya Ganapathy, CEO of EDP Renewables North America.
  • "The Sharp Hills project underscores our continuing commitment to invest in Alberta and contribute to its grid resiliency and energy security.

Solas Energy Celebrates EDP Renewables North America's Successful Completion of 297 MW Wind Farm in Alberta, Canada, Paving the Way for a Sustainable Future

Retrieved on: 
Thursday, February 8, 2024
AB, Energy, EDP Renewables North America, Growth, EDP Renováveis, SAB, Restaurant, School, EDPR, Environment, Special Areas Board, TC Energy, Wind, Ministry of Energy (Alberta), Eastern United States, Radius, Renewable energy

CALGARY, AB, Feb. 8, 2024 /PRNewswire-PRWeb/ -- Solas Energy, a leader in providing comprehensive strategy and consulting services for renewable energy solutions, proudly acknowledges the operational commencement of the Sharp Hills Wind Farm in Alberta, Canada, a groundbreaking achievement by EDP Renewables North America (EDPR NA). This project, boasting 297 megawatts (MW) of installed capacity, further solidifies EDPR NA's position as a top renewable energy developer and operator in Canada.

Key Points: 
  • This project, boasting 297 megawatts (MW) of installed capacity, further solidifies EDPR NA's position as a top renewable energy developer and operator in Canada.
  • Calgary-based TC Energy, a leading energy infrastructure company, serves as the energy offtaker for the project, underlining the collaborative efforts within the industry.
  • We look forward to continued collaboration with Solas Energy focused on creating a more resilient Canadian energy grid."
  • Solas Energy remains committed to advancing the renewable energy landscape and supporting projects that contribute to the growth of sustainable energy practices.

EDP Renewables North America Announces Operations Commencement of Sharp Hills Wind Farm in Alberta, Canada

Retrieved on: 
Monday, January 22, 2024
EDP Renewables North America, Empowerment, Special, Natural gas, Wind, Heart, EDPR, School, MOU, SAB, TC Energy, Special Areas Board, EDP Renováveis, Workforce, Restaurant, CAD, EDP, IAC, Special Area

Alberta, Canada, Jan. 22, 2024 (GLOBE NEWSWIRE) -- EDP Renewables North America ( EDPR NA ), a leading renewable energy developer and a top five renewable energy operator in the United States, alongside EDP Renewables Canada Ltd. (EDPR Canada), celebrates Sharp Hills Wind Farm becoming operational near the hamlets of Sedalia and New Bridgen in Alberta, Canada.

Key Points: 
  • Alberta, Canada, Jan. 22, 2024 (GLOBE NEWSWIRE) -- EDP Renewables North America ( EDPR NA ), a leading renewable energy developer and a top five renewable energy operator in the United States, alongside EDP Renewables Canada Ltd. (EDPR Canada), celebrates Sharp Hills Wind Farm becoming operational near the hamlets of Sedalia and New Bridgen in Alberta, Canada.
  • Sharp Hills Wind Farm represents an estimated capital investment of over $600M CAD and contributes to the local economy through job creation and funding to the community.
  • “I’m extremely proud of this milestone, as it marks the largest single-phase wind farm developed by EDP Renewables to date in North America,” stated Sandhya Ganapathy, CEO of EDPR NA.
  • In addition to Sharp Hills, the company also operates the 100 MW Nation Rise Wind Farm and the 30 MW South Branch Wind Farm , both located south of Ottawa.

EDP Renewables North America Launches the Close the Loop Program

Retrieved on: 
Tuesday, December 12, 2023
Entrepreneurship, Recycling, Government, Ally Energy, EDP, EDP Group, Biophysical environment, Globalization, ISO 9001, Business, Loop, ESG, NREL, EDP Renováveis, Pearson Yachts, EDP Renewables North America, ERI, Electronics, ISO, Certification, Environment, COP28, Partnership, CSA, Wind, Business development, EDPR, Renewable energy

The announcement comes on the heels of EDPR NA’s partnership with SOLARCYCLE , an advanced technology-based solar recycling company, alongside continuing work with 18 additional leaders in the recycling services sector throughout North America.

Key Points: 
  • The announcement comes on the heels of EDPR NA’s partnership with SOLARCYCLE , an advanced technology-based solar recycling company, alongside continuing work with 18 additional leaders in the recycling services sector throughout North America.
  • “As an innovative solar recycling company with industry-leading technology that can recycle and recover over 95% of the valuable material from a solar panel, we are thrilled that EDP Renewables North America has chosen SOLARCYCLE as a top, trusted partner for its new Close the Loop Program,” said Suvi Sharma, CEO and Co-Founder of SOLARCYCLE.
  • “We’re excited to be ending the year focusing on tackling one of the key challenges our industry has had to date – namely the sustainability practices associated with recycling of materials during and post-construction of renewables projects,” stated Sandhya Ganapathy, CEO of EDP Renewables North America.
  • Janette Freeman, Director of Business Development at Fabtech Solar Solutions added, “We’re looking forward to our continued collaboration with EDP Renewables North America on the launch of their Close the Loop Program in supporting a truly circular economy focused on recycling.

Key Capture Energy Announces Brian Hayes as New CEO

Retrieved on: 
Thursday, December 7, 2023
Alternative Energy, Energy, Batteries, Technology, Utilities, Texas A&M University, Engineering, KCE, Multimedia, United, Business administration, EDP Renováveis, EDP, Growth, Business, Master of Business Administration, Cryptocurrency, Renewable energy, Science

Key Capture Energy, LLC (“KCE”), a leading developer, owner and operator of battery energy storage systems in the United States, together with its owner, SK E&S Co., Ltd. (“SK E&S”), a global clean energy & solutions provider headquartered in South Korea, announced today that renewable energy industry veteran Brian Hayes will become the company’s new CEO on January 8, 2024.

Key Points: 
  • Key Capture Energy, LLC (“KCE”), a leading developer, owner and operator of battery energy storage systems in the United States, together with its owner, SK E&S Co., Ltd. (“SK E&S”), a global clean energy & solutions provider headquartered in South Korea, announced today that renewable energy industry veteran Brian Hayes will become the company’s new CEO on January 8, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20231207158876/en/
    Key Capture Energy's Newly Announced CEO, Brian Hayes (Photo: Business Wire)
    “Throughout my career I've watched battery energy storage go from a hypothetical technology to being installed in markets across the country,” said Brian Hayes, KCE’s incoming CEO.
  • “Energy storage will be critical for transforming the grid of today to the renewable energy enabled grid of tomorrow.
  • Now, Key Capture Energy is ready for its next stage of growth.

EDP Renewables net profit increases to 467 million euros in the first nine months of 2023

Retrieved on: 
Tuesday, October 31, 2023
PPA, EBITDA, Rotation, EDP Renováveis, Wind, Growth, EDPR, EDP, GW, Recycling, Investment, Renewable energy, Ocean Wind

EDP Renewables registered a net profit of 467 million euros until September, up to 12% year-on-year in recurring terms.

Key Points: 
  • EDP Renewables registered a net profit of 467 million euros until September, up to 12% year-on-year in recurring terms.
  • The company’s recurrent EBITDA reached €1,437 million, a 3% decrease interannually, with overall performance improving in Europe, South America, and APAC and lower contributions from North America.
  • In the first nine months of 2023, EDPR’s gross investment reached close to 3.4 billion euros, with over 80% of its CAPEX invested in Europe and North America.
  • EDP Renewables is actively working to decarbonize the economy by accelerating its renewable deployment and technological mix.

EDPR NA Distributed Generation Launches 23 MW Solar Plus 60 MWh Storage Project for Mohave Electric Cooperative

Retrieved on: 
Wednesday, October 25, 2023
MEC, Majority, NYSE, Kilowatt-hour, EDP Renováveis, Arizona Senate, Workforce, Carbon, Forest, Electricity, NRECA, NA, EDPR, Representative, EDP, House, Arizona House of Representatives, Renewable energy, Stem

FORT MOHAVE, ARIZONA, Oct. 25, 2023 (GLOBE NEWSWIRE) -- EDPR NA Distributed Generation ( EDPR NA DG ), a U.S. leader in the distributed generation sector, announced a 23.27 MWdc ground-mount solar array system coupled with a 15 megawatt (MW) / 60 megawatt-hour (MWh) energy storage system for Mohave Electric Cooperative ( MEC ), a not-for-profit distribution cooperative in Arizona.

Key Points: 
  • FORT MOHAVE, ARIZONA, Oct. 25, 2023 (GLOBE NEWSWIRE) -- EDPR NA Distributed Generation ( EDPR NA DG ), a U.S. leader in the distributed generation sector, announced a 23.27 MWdc ground-mount solar array system coupled with a 15 megawatt (MW) / 60 megawatt-hour (MWh) energy storage system for Mohave Electric Cooperative ( MEC ), a not-for-profit distribution cooperative in Arizona.
  • Together, the solar + storage system will help MEC provide renewable power, mitigate peak period energy use, and ultimately, stabilize energy costs for its 36,700 members.
  • Tyler Carlson, Chief Executive Officer of Mohave Electric Cooperative, stated, “We are pleased to be working with EDP Renewables on Mohave Electric Cooperative’s first solar plus storage project.
  • Gustavo Monteiro, CEO, EDPR NA Distributed Generation and Tyler Carlson, CEO, Mohave Electric Cooperative spoke at the ribbon-cutting ceremony.

LevelTen Energy's Accelerated Process™ (LEAP™), Now Widely Available, Reduces Clean Energy Procurement Timelines by 80%

Retrieved on: 
Tuesday, September 12, 2023
EDP Renováveis, RFP, Finance Secretary (India), Bloomberg L.P., Accelerated Mobile Pages, Organization, LEAP, Professional, PPA, EDP, LATAM, Cryptocurrency, Sales, Renewable energy

SEATTLE, Sept. 12th, 2023 /PRNewswire-PRWeb/ -- Today LevelTen Energy announces the availability of LEAP™, LevelTen Energy's Accelerated Process™, a new approach to clean energy procurement that reduces the amount of time it takes to secure power purchase agreements (PPAs) from the typical 12 months or longer down to two to three months.

Key Points: 
  • "We need to speed up investment in clean energy exponentially to achieve corporate sustainability goals and, more importantly, to make an impact on the climate crisis.
  • With LEAP, energy buyers and sellers of all kinds can skip protracted contract negotiations and sign PPAs faster to bring more clean energy to the grid," said Jason Tundermann, Chief Operating Officer, LevelTen Energy.
  • Google collaborated with LevelTen to develop the accelerated process and launch the first LEAPs on the LevelTen Platform.
  • If you are interested in participating in LEAP, reach out to LevelTen Energy at [email protected] and learn more from Google's blog post and the LevelTen blog.