Energy Update
Intersect Power closed $2.4 billion of financing commitments and allocated $675 million of previously announced commitments to build and operate four solar energy projects totaling 1.5 GW PV + 1.0 GWh BESS.
The deals represent construction financing, tax equity, operational letters of credit and a portion of previously announced portfolio-level term debt.
FELDHEIM, Germany (AP) — Europeans are opening their energy bills with trepidation these days, bracing for hefty price hikes as utility companies pass on the surging cost of natural gas, oil, and electricity tied to Russia’s war in Ukraine.
Executive interview sponsored by Pall Corporation
On the surface, the energy transition may appear rather simple—clean energy sources, primarily wind and solar, need to replace fossil fuels to decarbonize the electric grid and support sustainable practices.
But the enabling forces behind the energy transition are far more complicated.
Calgary based Enbridge Inc. acquired renewable project developer Tri Global Energy for $270 million in cash and assumed debt.
Another $50 million could be paid out contingent on successful execution of Tri Global’s project portfolio. That portfolio includes onshore wind and solar projects representing more than 7 GW of capacity.
Tri Global has wind, solar and energy storage projects in Texas, Nebraska, Illinois, Indiana, Pennsylvania and Virginia.
A group of former Ørsted executives has launched an early-stage development capital firm with an initial pool of $100 million.
Brookfield Renewable said it is buying Standard Solar and Scout Clean Energy for a combined $1.5 billion with the potential to invest another $500 million to grow both companies.
Ontario Power Generation (OPG) and Microsoft have announced a strategic partnership to tackle climate change and drive sustainable growth across Ontario. The companies will work together on initiatives focused on delivering innovative clean energy solutions and digital skilling programs.
Episode 19 of Factor This! live from RE+ in Anaheim publishes on Monday, Oct. 3. Subscribe wherever you get your podcasts.
Mobile energy storage tech company Moxion Power said it secured $100 million in Series B funding led by Tamarack Global along with participation from its Series A lead-investor, Energy Impact Partners.
The company said it would use the funding to scale production at its first two domestic manufacturing facilities to meet what it said is growing demand for its mobile energy storage products.
WASHINGTON (AP) — Democratic Sen. Joe Manchin has abandoned, for now, his push to speed up the permitting process for energy projects, easing the Senate’s path toward passing a stopgap spending bill that would keep the federal government running when the fiscal year ends at midnight Friday.
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