Enerdatics’ Post

BayWa r.e. Finalizes Financing for 43.2 MW Scottish Wind Farm on Former Coal Mine Site Reading Time: 2 minutesBayWa r.e. has finalized financing for its Broken Cross Wind Farm with NatWest Plc. Located in South Lanarkshire near Glasgow, Scotland, the farm will feature nine turbines with a total capacity of 43.2 MW. The financing, totaling around €46 million, supports the project’s development. A 6-year Power Purchase Agreement (PPA) was signed between SmartestEnergy Limited and BayWa r.e. last year. Formerly an opencast coal mine, the Broken Cross site reflects the UK’s shift from fossil fuels to renewable energy. During construction, emphasis was placed on land preservation and restoration to sustain local flora and fauna habitats. The […] - https://lnkd.in/dGSDrKgD #windenergy #windturbines #offshorewind #windturbine #cleanenergy #climatechange #sustainability #energynews #smartenergy #windfarm #windindustry #renewableenergy #renewables #baywar.e. #europe #renewableenergy #scotland #windenergy #windturbines

Arevon Energy, Inc. has successfully secured over $1 billion in financing commitments for its #Eland 2 Solar-plus-Storage Project in Kern County, #California. Combining a 374-megawatt solar installation with 150 MW/600 megawatt-hours of #energystorage, the project is in the early stages of construction, targeting operation by Q1 2025. The financial support includes a $431 million tax equity commitment from Wells Fargo and $654 million in debt financing, encompassing a construction-to-term loan, a tax equity bridge loan, and letter of credit facilities. This significant investment will further propel the project towards its #cleanenergy goals. #ArevonEnergy #Eland2Project #SolarEnergy #EnergyStorage #RenewableFinance #SustainableDevelopment #CaliforniaSolar #CleanEnergyInvestment #WellsFargo #RenewablePower #California Read more: https://lnkd.in/dJpUmX7U

🎉SolarBank NEWS #SUUN:NASDAQ / #SUNN:CBOE NEWS🎉 🎯US$2.6 Million Loan Secured by SolarBank for Geddes Project🎯 ✅TORONTO, June 24, 2024 ✅US$2.5 Billion in capital for Renewable Energy projects across the United States has been directly funded by the lender - Seminole Financial Services 3.79 MW Geddes Project is largest project to date to be owned by SolarBank Over 500 homes expected to be provided with green energy once operational ✅This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated May 23, 2024 to its short form base shelf prospectus dated May 2, 2023 TORONTO, June 24, 2024 /PRNewswire/ - SolarBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the Company") announces that it has entered into a loan agreement with Seminole Financial Services, LLC ("Seminole") for an initial US$2,600,000 construction to mini-perm loan (the "Loan") that will be used to complete construction of the Geddes Project located in Upstate, New York (the "Project"). Seminole was founded with the goal of financing Renewable Energy and Real Estate projects. To date, Seminole has directly funded over US$2.5 Billion in capital for Renewable Energy projects across the United States. ✅The Project is expected to become operational and being producing power during the third quarter of 2024 and the Company will own and operate the Geddes project. The Project which has a designed capacity of 3.79 megawatts (MW) DC is repurposing a closed landfill, addressing two critical challenges: the need for clean energy and the transformation of contaminated sites into valuable assets........ 👉Full PR https://bit.ly/4eCYr5O 👉Visit Them www.solarbankcorp.com #esg #esginvesting #solar

Financing the green transition is one of the most important topics in Europe at the moment. Great to see HPP's finance team support this project financing in the onshore wind space. #hppbanking #hppenergy #projectfinance

Greenbacker Renewable Energy secured $437 million to upgrade wind farms in Iowa and Minnesota and raised $263 million for its managed funds in 2023, benefiting from new tax incentives under the Inflation Reduction Act. Read the full article on SQX Alts! #alternativeinvestments #data #fund

GREENALIA, a pioneer in sustainable power generation, has secured $200M in funding to propel its U.S. renewable energy endeavors. Three-year credit facilities, supported by Greenalia Power US Advanced II, LLC, will fuel the development of solar, wind, and energy storage projects throughout the nation. Nomura Securities International led the charge as sole underwriter, arranger, and bookrunner, demonstrating their commitment to Greenalia's ambitious goals. PEI Global Partners served as exclusive financial advisor, ensuring optimal results. Legal expertise came courtesy of Holland & Knight LLP and Norton Rose Fulbright. With this landmark achievement, Greenalia embarks on a bold path towards expanding its presence in the U.S. market. Proceeds from the financing will enable Greenalia US to acquire, develop, construct, and operate utility-scale renewable energy projects, thus advancing its project portfolio. "We celebrate this monumental step in our U.S. expansion," said Antonio Fernández-Montells Rodríguez, CFO of Greenalia S.A. "Vinod Mukani, Head of Nomura Infrastructure & Power Business, expressed his enthusiasm regarding the partnership with Greenalia, stating, "Together, we envision unlocking the full potential of Greenalia's renewable energy project development capabilities in the U.S." #solarpower #solarenergy #solarindustry #cleanenergy #cleanenergytransition #solar #usa #finance #financing

Read our latest blog about the investment by the largest power utility PPC S.A. to acquire #offshorewind farm in #greece #progresstoexcellence #saoperations #energyindustry #energytransition #2024vision #windenergy #offshorewindfarm #greece #offshore #investment #cleanenergy #innovation #blog

🎉SolarBank NEWS #SUUN:NASDAQ / #SUNN:CBOE NEWS🎉 🎯US$2.6 Million Loan Secured by SolarBank for Geddes Project🎯 ✅TORONTO, June 24, 2024 ✅US$2.5 Billion in capital for Renewable Energy projects across the United States has been directly funded by the lender - Seminole Financial Services 3.79 MW Geddes Project is largest project to date to be owned by SolarBank Over 500 homes expected to be provided with green energy once operational ✅This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated May 23, 2024 to its short form base shelf prospectus dated May 2, 2023 TORONTO, June 24, 2024 /PRNewswire/ - SolarBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the Company") announces that it has entered into a loan agreement with Seminole Financial Services, LLC ("Seminole") for an initial US$2,600,000 construction to mini-perm loan (the "Loan") that will be used to complete construction of the Geddes Project located in Upstate, New York (the "Project"). Seminole was founded with the goal of financing Renewable Energy and Real Estate projects. To date, Seminole has directly funded over US$2.5 Billion in capital for Renewable Energy projects across the United States. ✅The Project is expected to become operational and being producing power during the third quarter of 2024 and the Company will own and operate the Geddes project. The Project which has a designed capacity of 3.79 megawatts (MW) DC is repurposing a closed landfill, addressing two critical challenges: the need for clean energy and the transformation of contaminated sites into valuable assets........ 👉Full PR https://bit.ly/4eCYr5O 👉Visit Them www.solarbankcorp.com #esg #esginvesting #solar Todd D. Sonoga Wade Madden JACK STEWART Marlon Timkang Konstantin Lisovskiy

🌊 Seabed Leasing: A Turning Point for UK Offshore Wind The Crown Estate’s recent announcement to bring 20-30GW of offshore wind capacity to market by 2030 is set to transform the UK’s renewable energy development. 📊 What does this mean for the market? ▶ Billions in private investment anticipated for new wind projects ▶ Major job creation across sectors, from engineering to environmental assessments ▶ Long-term stability for the UK’s world-leading offshore wind market, boosting developer confidence ▶ New seabed rights in strategic locations like Wales, Lincolnshire, and Yorkshire As the offshore wind market expands, the increasing competition for skilled talent will continue to intensify..... SP Clean Energy 👨💻 https://lnkd.in/dt6Bj7f4 #SPCleanEnergy #OffshoreWind #RenewableEnergy #Recruitment #UKEnergy #CleanEnergy

Article out: Together with Nathan Meijer, we have been writing the article "Positioning for Success in Offshore Wind: Mastering Non-Price Proposals".   Governments globally continue to embed minimum requirements, pre-qualification requirements and #nonpricecriteria (#NPC) into offshore wind tenders to enhance societal value and drive renewable technologies. For instance, the EU’s #NZIA mandates that 30% of renewables auction volume in public tenders must include sustainability and resilience factors.   What does this mean for organizations and tender teams aiming for continuous success and deliver winning bids? - Leverage non-price criteria as a #USP by strategically integrating and evaluating them from the outset; - Tender design should be pivotal in assessing market attractiveness, considering factors like government openness, partnership potential, and tender pipeline visibility; - Non-price criteria alter project risk profiles, necessitating a collaborative approach and robust project controls beyond traditional wind farm development; - Despite similarities in NPC across markets, a tailored, project-specific strategy is crucial for crafting a winning bid. #Localcontent in the form of partnerships, tender-process specifics, downstream demand and topical NPC expertise (e.g. ecology) is invaluable. - Great ideas only become winning bids when translated into #SMART actions and investments — making #bidwriting an indispensable skill.   Need expert guidance? We’re here to help you navigate these complexities.   About #FluxPartners: Since 2014, we’ve specialized in bid management and writing for multibillion-dollar projects. Today, we're a leading advisory in tendering, focused on streamlining tender processes, creating collaborative tendering environments, and mastering non-price criteria. In 2024 alone, we’ve delivered over $5 billion in successful tenders in the infrastructure and renewables sectors.   #nonpricecriteria #tendermanagement #sustainability #offshorewind #nzia #tendering #systemintegration #fluxpartners #bidwriting