Scout Clean Energy, a Colorado-based renewable energy developer, owner and operator, closed construction financing and tax equity commitments for the 130-MW Bitter Ridge Wind Farm in Jay County, Indiana. Bitter Ridge has been developed by Scout and will be owned and operated long-term by Scout’s dedicated asset management team. Scout is a portfolio company of…
Maryland offering two new offshore wind grants
The Maryland Energy Administration (MEA) is launching two offshore wind grants for 2020. The allotted funds will support: 1. the Maryland Offshore Wind Capex program with $1.6 million dollars 2. Maryland Offshore Wind Workforce Training Program with $1.2 million dollars The Maryland Offshore Wind Workforce Training program provides grant funding on a competitive basis to…
Vattenfall proves offshore wind can be profitable without subsidies
Vattenfall announced that it will be constructing the Hollandse Kust Zuid (HKZ) 3 & 4 offshore wind farm using a zero subsidy mechanism. This project follows Hollandse Kust Zuid (HKZ) 1 & 2 and, together, represent the first two unsubsidized offshore wind farms globally, says GlobalData, a data and analytics company. The wind farms will…
Lawmakers propose Clean Energy Victory Bonds in fight against climate change
The U.S. House of Representatives and Senate introduced the Clean Energy Victory Bond today. The legislation — introduced in the House by Representatives Zoe Lofgren and Doris Matsui and in the Senate by Senator Tom Udall — calls for the government to issue up to $50 billion per year in Clean Energy Victory Bonds that…
Orsted launches new $800M green loan facility
Global offshore wind developer, Ørsted today announced the signing of its first green loan facility in support of wind energy. This green facility — guaranteed by Ørsted A/S and for Greater Changhua projects — attracted a total of 15 banks to join and provided excellent opportunities to local financial institutions to participate in offshore wind projects…
Kiwi Energy customers can now choose to offset electricity use with wind
Energy retailer, Kiwi Energy, is offering an innovative electricity plan to its Ohio and New York customers. Kiwi Clean + Wind REC matches 100% electricity with Green-e Energy Certified Renewable Energy Certificates (RECs) sourced from national wind. Today, there are different ways consumers can choose to power their homes with wind energy. In deregulated energy states,…
LevelTen Energy’s Rob Collier talks PPAs and the PTC
In this WindTalk podcast, we speak with LevelTen Energy’s VP of Developer Relations, Rob Collier. LevelTen has developed an intelligent platform that matches businesses with renewable energy suppliers, and Rob is full of insight about renewable power purchase agreements, corporate buyers, risk, and standardized contracts. Rob also discusses wind energy and the PTC. LevelTen offers…
The energy sector gets its own public, enterprise-grade blockchain
The Energy Web Foundation (EWF) announced that it has launched the world’s first public, open-source, enterprise-grade blockchain tailored to the energy sector: the Energy Web Chain (EW Chain). More than 10 EWF Affiliates — including utilities, grid operators, and blockchain developers — are hosting validator nodes for the live network. In addition, EWF is currently…
More than 1 GW of wind & solar projects auctioned off at unique New York event
Two wind energy and five solar power projects, with a total capacity of over 1 GW, have been auctioned off to investors at a unique event on the trading floor of the New York Stock Exchange. The Project Sales & Cocktails event, co-hosted by FTI Consulting’s investment banking subsidiary FTI Capital Advisors, Akin Gump Strauss…
Investor confidence in U.S. renewables remains high, finds ACORE
One year into its campaign to reach $1 trillion in U.S. private sector investment in renewable energy and enabling grid technologies by 2030, the American Council on Renewable Energy (ACORE) released a progress report tracking U.S. renewable investment. The report also assesses the policy and market pathways needed to achieve “$1T 2030: The American Renewable…
Kaiserwetter launches IRIS to identify and assess asset risks & performance
Kaiserwetter Energy Asset Management has launched IRIS, an energy IntelliTech innovation, to significantly reduce the time and cost of wind energy M&A transactions. The company will be demoing the data intelligence service along with its ARISTOTELES platform at REFF-Wall Street 2019 in New York City this week. IRIS uses proprietary algorithms and smart data analytics to quickly…
Clir secures investment to advance its renewable AI service
Canadian renewable energy company, Clir Renewables, has successfully closed an investment round, securing C$1.9 million. The service-as-a-software (SaaS) company has developed a renewable energy AI platform that helps wind-farm owners and operators to maximize production and provides clarity on performance risk for all interested stakeholders. “It’s exciting times here at Clir,” said Gareth Brown, Clir…
Ensemble Energy closes investment round to expand its predictive analytics platform
Ensemble Energy, a provider of predictive analytics to the renewable energy industry, announced the closure of a seed stage investment round to support its continued growth and the expansion of the features and capabilities of its Energy.ML predictive analytics platform. The Energy.ML platform helps operators increase energy production, predict, and prevent failures, increase operational efficiency,…
Wood launches new power-price forecasting tool for renewable projects
In recent years, significant reductions in renewable energy generation costs has seen many governments remove the financial subsidies typically available for renewable projects and instead turn to competitive auctions to extract the lowest cost possible for electricity procurement. This has fundamentally changed the level of risk facing developers, investors and lenders on renewable projects as…
Access Clean Energy Savings offers loans for efficiency measures
The Environmental and Energy Study Institute (EESI) announced the launch of the Access Clean Energy Savings (ACES) initiative. ACES provides technical assistance to help rural electric cooperatives and public power utilities apply for the U.S. Department of Agriculture’s (USDA) Rural Electric Savings Program (RESP). RESP provides zero-interest 20-year loans for improving energy efficiency, including through clean…
Innergex closes financing for Texas’ Foard City wind project
Innergex Renewable Energy announced the closing of a construction financing and tax-equity commitment for the Foard City wind project located in Foard County, Texas. “Foard City is the largest wind farm project ever built by Innergex and, with the Phoebe solar project under construction, will add almost 600 MW of new installed capacity in the United States by the end…
ALLETE buys Apex’s Diamond Spring Wind project in Oklahoma
Apex Clean Energy announced the sale of Diamond Spring Wind to ALLETE Clean Energy, a wholly owned subsidiary of ALLETE. The transaction includes 15-year power purchase agreements that Apex negotiated with two Fortune 500 companies (to be announced at a later date). The success of Diamond Spring Wind, a 303-MW project located in Oklahoma’s Johnston…
Meet Instatrust: a digital marketplace for the transparent trade of renewables
DNV GL, the world’s largest independent energy advisory and certification body, is inviting renewable energy developers and sellers to visit, explore, and join Instatrust — its new digital platform for renewable power purchase agreements. Instatrust is a global digital marketplace connecting corporations committed to buying clean energy with suppliers of wind and solar energy. According…
AEP completes purchase of wind assets from Sempra
American Electric Power (AEP) announced that its competitive renewable energy subsidiary, AEP Clean Energy Resources, has completed the purchase of Sempra Renewables and its 724 MW of operating wind generation and battery assets. The cost: approximately $1.05 billion. The purchase includes all or part of seven wind farms and one battery installation in seven states.…
Duke Energy to sell minority interest in renewables portfolio to John Hancock
Duke Energy announced that it has entered into a definitive agreement to sell a minority interest in a portion of its commercial renewable energy portfolio owned and operated by its affiliate, Duke Energy Renewables, to the John Hancock Infrastructure Fund (JHIF) and John Hancock Life Insurance Company (collectively, “John Hancock”), a division of Manulife Financial…