EDF Renewables North America has signed off on two Purchase and Sale Agreements (PSA) that will see PGGM Infrastructure Fund acquire a 50% ownership interest in both Glacier’s Edge Wind and Valentine Solar. In total, the combined generation capacity of these two projects is 332MW. Valentine Solar has a generation capacity of 132MW and is […]
EDF Renewables announced the signing of Purchase and Sale Agreements (PSA) by which PGGM Infrastructure Fund will acquire a 50% ownership interest in the following projects: Red Pine Wind, Rock Falls Wind, Switch Station 1 Solar and Switch Station 2 Solar. Total capacity of the portfolio of projects is 588 megawatts (MW). Completion of the […]
Solar and Wind dominate power generation capacity additions as projections for investment reach $2.20 Trillion by 2021.
Frost & Sullivan finds declining capital cost of solar and wind, rise in battery energy storage adoption, disruptive start-ups contributing to competition, and increases in mergers and acquisitions will drive growth opportunities. Frost & Sullivan’s recent analysis Global Power Industry Outlook, 2018 reveals that a combination of factors led by renewables is set to transform the […]
A new chapter in American solar panel manufacturing is set to unfold with SunPower and SolarWorld Americas announcing SunPower’s agreement to acquire 100 percent of the Hillsboro, Oregon-based SolarWorld Americas. A long-time solar industry pioneer, SolarWorld Americas is the leading American manufacturer of solar panels. Consistent with the desire to revitalize the U.S. high-technology manufacturing […]
Today, U.S. Secretary of Energy Rick Perry announced up to $105.5 million to support America’s continued leadership in energy innovation through solar technology. Under the Department of Energy’s (DOE’s) Solar Energy Technologies Office (SETO), DOE will fund about 70 projects to advance both solar photovoltaic (PV) and concentrating solar thermal power (CSP) technologies, as well as facilitate […]
Copenhagen Infrastructure Partners’ (CIP) new fund, Copenhagen Infrastructure III (CI III), held a final close on March 23, 2018 at the EUR 3.5 billion hard cap exceeding the EUR 3.0 billion target fund size. The fund obtained commitments from 42 institutional investors comprised of pension companies, insurance companies, family offices, and asset/fund managers. The fund […]
Nearly 80 new energy projects received approval in 22 counties across the state through the Commonwealth Finance Authority, Gov. Tom Wolf announced on Friday, March 16th, 2018. The list of projects includes these in the Cambria-Somerset region: • Highland North Wind Project, Cambria County, $6 million. • Patton Wind Farm Project, Cambria County, $3.2 million. • […]
Pattern Energy to Enter Japan Market with Acquisition of Projects and a Modest Investment in Development.
Pattern Energy Group Inc. announced a series of transactions highlighted by: agreements to acquire 206 megawatts of owned capacity in projects from Pattern Energy Group LP (“Pattern Development 1.0”) and Green Power Investments (“GPI”); and an additional investment in Pattern Energy Group 2 LP (“Pattern Development 2.0”) to fund the acquisition of a controlling interest […]
Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor, announced today that its third equity fund, Global Infrastructure Partners III, has agreed to acquire NRG Energy, Inc.’s (NYSE: NRG) integrated U.S. renewable energy platform, including its controlling stake and 46% economic interest in NRG Yield, Inc. (NYSE: NYLD; market capitalization: $3.2 billion) as well […]
The Federal Energy Regulatory Commission unanimously voted Thursday morning to remove long-standing barriers to energy storage in power markets, an emerging technology that can solve renewable energy’s most persistent problem: how to use it when the sun isn’t shining or the wind isn’t blowing. The FERC order requires regional grid operators, the Regional Transmission Organizations […]