MISO

Ørsted Divests Share of Four US Onshore Wind Farms to Stonepeak

Retrieved on: 
Wednesday, March 13, 2024
Environment, Finance, Utilities, Professional Services, Alternative Energy, Sustainability, Green Technology, Energy, Asset Management, Farm, Growth, SPP, MISO, Partnership, Midcontinent Independent System Operator, Ford, Wind, Senior, ERCOT, Multimedia, Renewable energy

Ørsted has signed a transaction with Stonepeak, a leading alternative investment firm specialising in infrastructure and real assets, whereby Ørsted will divest to Stonepeak an equity ownership stake in a portfolio consisting of four US onshore wind farms with a total capacity of 957 MW.

Key Points: 
  • Ørsted has signed a transaction with Stonepeak, a leading alternative investment firm specialising in infrastructure and real assets, whereby Ørsted will divest to Stonepeak an equity ownership stake in a portfolio consisting of four US onshore wind farms with a total capacity of 957 MW.
  • Going forward, Stonepeak will receive 80% of the cash distributions associated with the projects, while Ørsted will continue to operate the portfolio of assets.
  • We look forward to partnering closely with Ørsted on this highly contracted, geographically diverse portfolio.”
    The portfolio consists of four wind farms across three states: The Ford Ridge Wind project in Illinois, the Helena Wind and Western Trail Wind projects in Texas, and the Sunflower Wind project in Kansas.
  • Ørsted currently has a portfolio of nearly 6 GW of onshore wind, solar, and battery storage projects in operation and under construction across the US.

Aardex Debuts Stellera: Championing End-to-End Clean Energy Development Across the Rocky Mountain and Midwest regions

Retrieved on: 
Thursday, March 28, 2024
Principal, Wind, Risk, Invenergy, Rocky Mountains, SPP, MISO, Renewable energy

DENVER, March 28, 2024 /PRNewswire/ -- Aardex, a data-driven, community-minded real estate investment and development firm that has built out more than 1.5 million square feet of projects over the last 40 years, today announced the launch of a new company, Stellera, which will focus on end-to-end development of community solar projects with a focus on communities disproportionately impacted by the energy transition.

Key Points: 
  • Amid a changing regulatory environment, communities nationwide are moving toward renewable energy sources to meet ambitious state and federal decarbonization targets.
  • Demand for renewable energy is anticipated to grow exponentially in the coming years, with community solar as a leading growth market.
  • Stellera is actively seeking project development opportunities and will focus primarily on community solar projects in the Rocky Mountain and Midwest regions.
  • For more information on Stellera and how it's bringing clean energy to North America, visit: www.stellera.com .

Connexus Energy Named to Fast Company's Annual List of the World's Most Innovative Companies of 2024

Retrieved on: 
Tuesday, March 19, 2024
Electricity, Editorial, EV, Culture, Organization, Target, PG&E, Farmer, National Renewable Energy Laboratory, MISO, MIC, Level 2, Bird, AI, Hope, Énergir, Commerce, Cargill, Energy, Portland General Electric, Argonne National Laboratory, Most, Connexus, NREL, Federal, Minnesota Department of Commerce, Renewable energy

RAMSEY, Minn., March 19, 2024 /PRNewswire-PRWeb/ -- Connexus Energy has been named to Fast Company's prestigious list of the World's Most Innovative Companies of 2024. Ranked #4 in the Energy category, Connexus Energy is Minnesota's largest member-owned nonprofit electric cooperative.

Key Points: 
  • RAMSEY, Minn., March 19, 2024 /PRNewswire-PRWeb/ -- Connexus Energy has been named to Fast Company's prestigious list of the World's Most Innovative Companies of 2024.
  • Ranked #4 in the Energy category, Connexus Energy is Minnesota's largest member-owned nonprofit electric cooperative.
  • Alongside the World's 50 Most Innovative Companies, Fast Company recognizes 606 organizations across 58 sectors and regions.
  • Since the award's inception, just nine other Minnesota companies have been named, including Target, Cargill, Polaris, Prime Therapeutics, and Puris.

Final Days to Register | Fundamentals of Grid Batteries Course: Valuation, Design, Procurement, and Operations (Houston, United States - April 2-3, 2024)

Retrieved on: 
Friday, March 15, 2024
Hydrogen, Lithium, Stacking, EV, CCGT, VRE, Exercise, Battery, BMS, VO, LFP, VOM, Capacity, IESO, ERCOT, Marketing, Policy, CAISO, SOC, Methodology, SCADA, Waste management, Frequency response, Software, ISO-NE, Lithium battery, AC, Public utility, AESO, IRR, Interconnection, NPV, Electricity, PJM, ROI, Risk management, SPP, Plant, Project, Analysis, MISO, FOM, Life, LAES, NYISO, EMS, ESS, LCOE, EPC, BESS, Video game

DUBLIN, March 15, 2024 /PRNewswire/ -- The "In-Depth Seminar: Grid Batteries: Valuation, Design, Procurement, and Operations" training has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 15, 2024 /PRNewswire/ -- The "In-Depth Seminar: Grid Batteries: Valuation, Design, Procurement, and Operations" training has been added to ResearchAndMarkets.com's offering.
  • The instructor runs a consulting practice and has many examples of the items in the training to show.
  • Where applicable the Acelerex Grid Analytics planning tools will be used for examples for BESS modeling and simulations.
  • Available financing options for ESS plants with application mapping - added with case studies - for utilities, commercial industrial, and residential.

Ørsted divests share of four US onshore wind farms to Stonepeak

Retrieved on: 
Wednesday, March 13, 2024
Senior, MISO, ERCOT, Growth, Ford, Midcontinent Independent System Operator, SPP, Farm, Wind, Partnership, Renewable energy

Through the partnership with Stonepeak, Ørsted will recycle capital to support its business plan and future value-creating renewable energy projects.

Key Points: 
  • Through the partnership with Stonepeak, Ørsted will recycle capital to support its business plan and future value-creating renewable energy projects.
  • Ørsted has signed a transaction with Stonepeak, a leading alternative investment firm specialising in infrastructure and real assets, whereby Ørsted will divest to Stonepeak an equity ownership stake in a portfolio consisting of four US onshore wind farms with a total capacity of 957 MW.
  • Going forward, Stonepeak will receive 80 % of the cash distributions associated with the projects, while Ørsted will continue to operate the portfolio of assets.
  • Ørsted currently has a portfolio of nearly 6 GW of onshore wind, solar, and battery storage projects in operation and under construction across the US.

ENGIE announces $1bn Tax Equity Financing for more than 1.3 GW of U.S. Renewables Assets

Retrieved on: 
Tuesday, February 27, 2024
MISO, ENGIE, SVP, J. P. Morgan, ERCOT, Growth, Acceleration, Goldman Sachs, SPP, BNP Paribas, Wind, Renewable energy

HOUSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- ENGIE North America (ENGIE) announced that it recently completed more than $1bn of Tax Equity financing, through separate agreements with three banks, J.P. Morgan, Goldman Sachs and BNP Paribas.

Key Points: 
  • HOUSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- ENGIE North America (ENGIE) announced that it recently completed more than $1bn of Tax Equity financing, through separate agreements with three banks, J.P. Morgan, Goldman Sachs and BNP Paribas.
  • The financing pertains to a portfolio of recently commissioned renewable projects in the U.S.
  • The aggregate 1.3 GW of these renewable projects represents one of the largest Tax Equity financing arrangements for ENGIE North America so far.
  • “This transaction reflects our proven and recognized track record in developing, building and operating renewables assets, both in North America and globally”.

Fundamentals of Grid Batteries Course: Valuation, Design, Procurement, and Operations (Houston, United States - April 2-3, 2024) - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 28, 2024
Technology, Batteries, Energy, Other Energy, Hydrogen, Lithium, Capacity, VO, BESS, Exercise, Project, Frequency response, Stacking, LFP, Policy, EPC, LCOE, Battery, Software, EV, MISO, NPV, ESS, ROI, Marketing, Plant, Methodology, SCADA, BMS, Analysis, IRR, Electricity, ISO-NE, AC, FOM, VOM, AESO, LAES, Life, CAISO, Waste management, PJM, VRE, SOC, NYISO, IESO, Interconnection, Risk management, ERCOT, Public utility, Lithium battery, CCGT, SPP, EMS

The "In-Depth Seminar: Grid Batteries: Valuation, Design, Procurement, and Operations" training has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "In-Depth Seminar: Grid Batteries: Valuation, Design, Procurement, and Operations" training has been added to ResearchAndMarkets.com's offering.
  • The instructor runs a consulting practice and has many examples of the items in the training to show.
  • Where applicable the Acelerex Grid Analytics planning tools will be used for examples for BESS modeling and simulations.
  • Available financing options for ESS plants with application mapping - added with case studies - for utilities, commercial industrial, and residential.

Galehead Development Hires Dru Steubing as Chief Development Officer

Retrieved on: 
Wednesday, February 21, 2024
Other Energy, Utilities, Environment, Sustainability, Alternative Energy, Green Technology, Energy, MISO, ERCOT, Growth, Energy transition, CDO, Galehead Mountain, PJM, Texas A&M University, Apex, Development, Wind, Partnership, Renewable energy

Galehead Development , a leading pure-play developer of renewable energy projects, decarbonization technology and Energy Transition infrastructure backed by Macquarie, has announced its hiring of Dru Steubing as Chief Development Officer (CDO).

Key Points: 
  • Galehead Development , a leading pure-play developer of renewable energy projects, decarbonization technology and Energy Transition infrastructure backed by Macquarie, has announced its hiring of Dru Steubing as Chief Development Officer (CDO).
  • With extensive experience developing utility-scale wind, solar, battery storage, and green fuel projects, Mr. Steubing is a powerful addition to the Galehead executive team.
  • His specialized knowledge in greenfield development, project commercialization and building development teams will help Galehead execute its mission to provide development solutions and deliver transformative projects which accelerate the Energy Transition.
  • Mr. Steubing was previously the Vice President of Development at Apex Clean Energy.

ALLETE, Inc. reports 2023 earnings of $4.30 per share; clean energy transition drives $4.3 billion capital investment plan over the next five years

Retrieved on: 
Tuesday, February 20, 2024
Green Technology, Energy, Environment, Other Energy, Utilities, Acquisition, MISO, Weather, Time management, Interest, Investment, EST, Growth, Sale, GAAP, Webcast, Depreciation, Light, ATC, Security (finance), Power, Corporation, Bank statement, Wind, Renewable energy

Reported results from 2022 were $3.38 per share on net income of $189.3 million and operating revenue of $1.6 billion.

Key Points: 
  • Reported results from 2022 were $3.38 per share on net income of $189.3 million and operating revenue of $1.6 billion.
  • Earnings per share dilution in 2023 was 11 cents due to additional shares of common stock outstanding in 2023.
  • These decreases were partially offset by increased sales to industrial customers in 2023 and lower property tax expense in 2023.
  • ALLETE Clean Energy recorded 2023 net income of $71.7 million, compared to $16.3 million in 2022.

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.