EDP Renewables announced today the signing of a corporate power purchase agreement (PPA) with Google involving the supply of electricity from a 100-MW solar project in Dubois County, Indiana. #RenewableEnergyTransition #Google #EDPR #SolarPower
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This article focuses on Canadian Solar's surge in stock price after its announcement that its subsidiary, Recurrent Energy, secured a $500 million preferred equity investment commitment from BlackRock. This investment will further support Recurrent Energy's project development pipeline and aid in its transition to a developer and long-term operator in select global markets. Notably, Canadian Solar will retain majority ownership of Recurrent Energy, which has ambitious plans to have 4 GW of solar and 2 GWh of storage in operation in the U.S. and Europe by 2026. This development points to a potential strategic partnership that could bolster Canadian Solar's position in the renewable energy market.
BlackRock's $500 Million Investment Sends Canadian Solar Stock Soaring - What's Next for the Renewable Energy Giant?
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More fantastic VPPA news in the renewable energy space! Portuguese renewables company EDP Renovaveis SA has inked a corporate power purchase agreement (PPA) with none other than Google LLC for a 100-MW solar project in Indiana. This massive large scale solar project strengthens Google's strides towards its 2030 goal of continuous carbon-free energy supply. This indicates the growing role of renewable energy in powering industries' sustainability goals. And, it's not just Google. Companies around the globe are increasingly recognising the potential of renewable energy for achieving their sustainability targets. This is exactly the progression we're hoping to see in SE Asia, too. The current Virtual Power Purchase Agreement (VPPA) developments certainly point towards a future where large-scale off-site solar projects supply big players like Google. It's not a far-off dream but a reality that might be coming to your backyard soon! How soon do you think we can see such a transition in SE Asia? For more insights, click here: https://lnkd.in/ewe2tAE3
EDPR, Google ink solar PPA in Indiana
renewablesnow.com
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ACEN, through its subsidiary ACEN Australia, and SmartestEnergy have signed a Power Purchase Agreement (PPA) to offtake renewable electricity generated from Stage 1 of ACEN Australia’s New England Solar project in NSW. The eight-year agreement provides SmartestEnergy with an offtake of 25% of the output of the 400 MW Stage 1 project, reducing the need for electricity that could otherwise be sourced at a higher emissions intensity. ACEN Australia Managing Director David Pollington said the agreement is another milestone for the company’s inaugural project which stands as a major contributor to the National Electricity Market (NEM). “We have a bold strategy to help Australia transition to a clean energy future, and we are excited by this first offtake with SmartestEnergy, enabling us to bring more renewable energy projects to life and clean electricity for Australian homes and businesses.” New England Solar is ACEN Australia’s first operational project, and the 400 MW first stage has been built with the support of host landholders, First Nations people, and the Uralla community. At full development, the 720 MW project will be one of Australia’s largest solar projects participating in the National Electricity Market (NEM), providing clean renewable energy to power around 300,000 average Australian homes. Read more here: https://lnkd.in/gYsRn4p5
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Data center and heavy industry increasingly value wind, solar and energy storage resources for their ease and speed of deployment relative to other energy resources. Either that said, #NextEraEnergy signed a 860 MW deal with Google to provide the company with power for its growing fleet of data centers. #datacenters #Google #renewableenergy #solarpower #batterystorage #windenergy #renewables #energyreliability #utilities #grid #transmission
NextEra Energy’s development arm signed deals for more than 3 GW of renewable energy during the second quarter, including an 860 MW agreement with Google.
Data center renewables demand drives strong Q2 for NextEra Energy Resources
utilitydive.com
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Certified Energy Manager for Commercial & Industrial Firms | Energy Audits | Procurement | Benchmarking | Sustainability
EDP Renewables North America, a renewable energy developer in the US, has introduced its 200 MW Scarlet I Solar Energy Park (Scarlet I) in Fresno County, California. The project comprises a 40 MW battery energy storage system (BESS) that will generate enough energy to power the equivalent of 68,000 average California homes annually. Scarlet I has two executed power purchase agreements (PPAs): one with Ava Community Energy (previously known as East Bay Community Energy) for 100 MW of solar and 30 MW of BESS and one with San Jose Clean Energy (SJCE) for 100 MW of solar and 10 MW of BESS. The current solar + storage facility supports EDP Renewables’ existing 248 MW operational footprint in California. The solar energy park supported the creation of more than 230 construction jobs and five permanent positions for ongoing operations and routine maintenance. Scarlet I will invest in small businesses and the local economy over the next several decades. Scarlet I will assist the region’s water efficiency goals and is expected to save more than 254 million gallons of water each year that would have otherwise been consumed by conventional generation sources for equivalent energy capacity. The project is also exploring possibilities for sheep grazing on site following a recent trial run utilizing locally sourced sheep. EDP Renewables has several additional California projects in late-stage development including the 200 MW Scarlet II solar energy park, which also includes 150 MW of BESS, and the 300 MW Sandrini solar park located in Kern County. To save energy & cost for your business, contact me at https://buff.ly/2EjAMbu. #Reliability #EnergyStorage #EnergyEfficiency #Renewables #EnergyAudit #Procurement #Resilience https://buff.ly/46pEprK
EDP Renewables Unveils 200 MW Scarlet I Solar Energy Park in California
energytech.com
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Why is this kind of project so easy to develop in the USA and not in Canada? There are projects in development that nobody knows about yet, but which are more advantageous than these.
US renewables developer Origis Energy has signed a 200MW solar-plus-storage power purchase agreement (PPA) with utility Tennessee Valley Authority (TVA) in Mississippi, US. #energystorage
Origis Energy signs PPA for Mississippi PV plant with 800MWh battery storage system
https://www.energy-storage.news
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US company WEC Energy Group has agreed to acquire a 90% stake in the 300 MW Delilah I Solar Energy Center in Texas. Delilah I is located about 140 miles northeast of Dallas and was developed and built by Invenergy. Delilah I is set to come online by the end of June 2024 and will supply clean power under a long-term agreement with ‘a global automaker’. WEC Energy Group said its investment is expected to total $459 million for the 90% stake in Delilah I. “The Delilah Solar project is an exciting addition to our Infrastructure business and highlights our continued investment in affordable, reliable and clean energy,” noted Gale Klappa, Executive Chairman at WEC Energy Group. “This project will help one of the world’s largest automakers meet their clean energy goals for years to come.” Delilah I is part of the five-phase Samson & Delilah solar portfolio, one of the largest solar facilities under construction in the US. WEC Energy Group already owns a majority interest in Samson I — a separate phase of the Samson & Delilah project. The Delilah Solar investment is eligible for production tax credits as outlined in the Inflation Reduction Act passed by Congress. The transaction is subject to receipt of all necessary regulatory approvals. WEC Energy Group’s Infrastructure segment has existing or planned investments in 11 solar and wind projects totaling more than 2 GW of capacity, all which are underpinned with long-term offtake agreements. #cleanenergy
WEC Energy Group buys 90% stake in 300 MW Delilah I solar project
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Virginia regulators have approved Dominion Energy's expansion of solar projects, totalling 764 MW in electricity capacity. This is a significant step forward for the state's clean energy goals, which will subsequently create jobs and economic benefits. What are your thoughts on this development for the future of solar energy in Virginia? #solarenergy #sustainablefuture #renewableenergy
Virginia Regulators Approve Dominion Energy’s Expansion of Solar Projects - GreentechLead
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Forte Renewables Poland has just been awarded with technical due diligence scope related to solar PV project being developed by one of the largest European producer of renewable energy 😊 The project consists of c.a. 👉 25 thousands PV modules and will add more than 👉 16 gigawatthours of annual production of green energy to Polish power system contributing to the country’s shift towards cleaner energy mix. Forte's scope covered assessing energy yield production, site layout, technical specifications, grid code compliance, land rights, permitting financial model, #OPEX and #CAPEX. We would like to wish our client the successful construction and operation of the renewable assets 😊 Forte Renewables is an independent international renewables consultancy founded in 2012 in Amsterdam. We specialize in Technical Due Diligence (#TDD), Owner's Engineering (#OE), Construction Monitoring (#CM), Grid Connection solution (#GC) as well as Regulatory Advisory for wind, solar photovoltaics, and energy storage. Our clients’ portfolio includes developers, investors, and renewable assets operators. The Forte Team combines international knowledge with experience in the local markets. Since our entry in the Polish market in 2019, we have completed more than 100 assignments for projects with installed capacity ranging from single to hundreds of megawatts. Should you be interested in working with us we encourage you to contact our team: Janusz Bil Maciej Kamiński Patrycja Szyngiera #windenergy #renewables #renewablenergy #renewablesource #renewablepower #solarenergy #solarpower #solarpv #solarprojects #technicaladvisor #financalservice #energytorage #TechnicalDueDiligence #OwnersEngineering #ConstructionMonitoring #GridConnection #RegulatoryAdvisory
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Clearway Energy Group has secured US$700 million in construction financing for a solar and storage portfolio in California. This financing, supported by NORD/LB, Societe Generale, KeyBanc Capital Markets, DNB, and ANZ, will fund the Luna Valley Solar Project and Daggett Storage in Fresno and San Bernardino counties, respectively. The Luna Valley Solar Project boasts a 200MW capacity, while Daggett Storage offers an output of 113.5MW. Both projects, currently under construction by Blattner Energy, are set to begin operations in 2025. Clearway has already secured long-term #powerpurchaseagreements (PPAs) for these projects, including a 15-year hybrid PPA with San Diego Gas & Electric and a 20-year PPA with Southern California Edison (SCE) and Power & Water Resources Pooling Authority. According to Brooks Friedeman, VP of Capital Markets at Clearway, these projects are crucial steps towards a reliable, affordable, and clean electric grid in California. #solarenergy #renewableenergy #california #cleanenergy #energytransition #solarinstallation #solarproject
Clearway closes US$700 million financing on California solar and storage portfolio
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