By [email protected] Greed is good. At least, it’s good for decarbonization. This week on The Interchange podcast, we have a new edition of the fantasy decarbonization draft — this one focused on acquiring and restructuring public companies. We’re joining the ranks of corporate raiders like Carl Icahn, T. Boone Pickens and Gordon Gekko by taking…
By Billy Ludt Sustainable energy investment firm Energy Impact Partners (EIP) and NextPower III, an international fund managed by NextEnergy Capital Group (NEC), closed on an agreement for the acquisition of a 102-MW portfolio of community solar projects in upstate New York. This portfolio will be developed under the management of EIP’s Infrastructure Group and…
By [email protected] Wisconsin utility Alliant Energy will spend $900 million buying 675 megawatts of utility-scale solar projects as it moves to replace uneconomic coal-fired plants with renewables. Alliant, which serves about 1 million customers in the Midwestern states of Wisconsin and Iowa, currently relies on renewables for about 20 percent of its generation capacity, largely…
By Billy Ludt Alliant Energy plans to acquire and advance 675 MW of solar in mostly rural areas in six Wisconsin counties: Grant, Jefferson, Richland, Rock, Sheboygan and Wood. The projects are the next step in the company’s Clean Energy Blueprint, a roadmap to cost-effectively accelerate renewable energy while reducing carbon emissions. Once operational, the…
By WPED Staff Southern Power, a wholesale energy provider and a subsidiary of Southern Company, acquired the 56-MW Beech Ridge II Wind Facility from Invenergy, a developer, owner and operator of sustainable energy solutions. “We are pleased to announce the acquisition of our 13th wind project,” said Southern Power CEO Mark Lantrip. “This project marks…
By Billy Ludt Quinbrook Infrastructure Partners has launched a new portfolio company, Primergy Solar. Primergy plans to acquire, develop and operate distributed and utility-scale solar PV and battery storage projects across North America. “The industry is recognizing the increasingly important role that solar-plus-battery storage solutions will play in accelerating the energy transition,” said David Scaysbrook,…
By Kelsey Misbrener Clairvest Group announced that it acquired the solar operations and maintenance business of SunPower Corporation. Upon closing, the business will be renamed NovaSource Power Services. The transaction is part of Clairvest’s multi-year pursuit to create a market leading solar O&M platform through a ‘buy and build’ strategy. Clairvest is supporting the current…
By [email protected] Iberdrola closed on two deals in the space of a week for wind projects in France and the U.K., including nearly 300 megawatts of operating capacity. The Spanish utility has promised to accelerate its investment plans in 2020, bringing forward procurement commitments and hiring 5,000 additional staff as part of its own coronavirus…
By [email protected] Engie is on the lookout for more clean energy acquisitions in the U.S., where the company plans to ramp up its investments into grid-scale batteries, hybrid renewables projects and offshore wind, says North America chief Gwenaëlle Avice-Huet. With a long history in fossil fuels and nuclear energy, Engie has pivoted dramatically toward renewables…
By Kelsey Misbrener Excelsior Energy Capital announced the acquisition of five ground-mount solar projects from development partner, Nokomis Energy. The Kingfield Portfolio, located across Southern Minnesota, totals 6.3 MWDC and brings Excelsior’s total portfolio of ground-mount solar projects in Minnesota to 21.6 MWDC, all as part of a broader partnership with Nokomis Energy. Excelsior will…
By Giles Parkinson US utility to pilot “acqueous air flow” battery – backed by group including Bill Gates and Macquarie Capital – that promises to deliver 150 hours of storage at very low cost. The post Holy grail of big batteries – first pilot for Gates-backed battery with 150 hours storage appeared first on RenewEconomy….
By Michael Mazengarb Origin acquires $500m stake in UK-based Octopus Energy, and will deploy its ‘Kraken’ platform to streamline interactions with customers as they adopt solar, storage and EVs. The post Release the Kraken! Origin strikes $500m deal to smarten customer systems in digital, distributed world appeared first on RenewEconomy. Read Full Article Here For…
By [email protected] Huawei, Sungrow and SMA remained the solar inverter market leaders for the fifth year running, based on a new Wood Mackenzie report on the inverter market in 2019. These top three vendors have now held the same positions from 2015 to 2019. Fimer (ABB) saw the most significant market gains last year, a…
By Press Release Following the acquisition of Pacific Energy Limited (ASX: PEA) by alternatives asset manager QIC in November 2019, several changes have been made to the Board to reflect the Company’s new ownership and strategy. The post Pacific Energy refreshes board and sharpens renewables focus appeared first on RenewEconomy. Read Full Article Here For…
By Billy Ludt Belltown Power Texas, a renewable energy developer, acquired a portfolio of shovel-ready solar PV projects totaling 330 MWdc that are expected to start construction immediately across all three sites with commercial operations expected between December 2020 and March 2021. “This represents a key milestone for the Belltown portfolio, having developed these projects…