Solar FlexRack | July 13, 2021
Solar FlexRackTM, a division of Northern States Metals and an innovative leader in PV mounting and solar tracker systems, announced the installation of its Series B Cast-In-Place (CIP) ballasted mounting solution in a 4.7 MW community solar project in Spanish Fork, Utah. The project is maintained by Utah Municipal Power Agency and is the state's largest landfill solar project. This project was created on a 27-acre landfill site that was unsuitable for commercial development by Prometheus Power, a premier solar development, engineering, and finance firm in the region. This is Solar FlexRack's first project in Utah, and it is planned to generate enough sustainable energy to power roughly 3,000 households by summer 2021.
Over the last five years, the number of landfill solar projects created in the United States has increased by over 80%. However, most landfills that have been converted to solar do not allow penetration into the site's land surface since mounting and foundation technology must be adaptive, durable, and lightweight in order to meet all site restrictions. The Series B CIP mounting technique from Solar FlexRack was chosen for this project owing to its innovative design, which includes adjustable blocks as well as a two-support system that minimises block thickness. Lighter ballasts and better onsite flexibility for array profiles equate to lower project costs. This mounting method also incorporates internal bracing and fewer components, making installation faster and easier.
"With legislative and regulatory authorities laying out a growth trajectory for Utah, we look forward to assisting the efficient and cost-effective implementation of future renewable energy projects in the state," said Steve Daniel, EVP of Sales and Marketing at Solar FlexRack. "EPCs, developers, project owners, and utilities can rely on our strong project support services and dependable technology to reduce risks and maximise savings on their projects."
"We are delighted to collaborate with Solar FlexRack, who provided cradle-to-grave project support as well as the precise, high-quality mounting solution required to carry out our vision for this significant landfill solar project," stated Brok Thayn of Prometheus Power. Prometheus Power was able to achieve superior financial and operational results for the project by leveraging its veteran in-house development team and industry ties.
This community solar project will not only demonstrate how a formerly unused place, such as a landfill, can be turned into a productive, clean energy generating field, but it will also bring savings to subscribed local residents. The project also produced 50 employment and will reduce greenhouse gas emissions by the equivalent of eliminating 5,400 automobiles from the road each year.
About Solar FlexRack
Solar FlexRack, a branch of Northern States Metals, is an integrated solar company that provides commercial and utility-scale solar installation sectors with custom-designed, fixed tilt ground mount and single-axis solar tracking systems. Solar FlexRack also provides comprehensive turnkey packages that include engineering, geotechnical, pullout testing, field, layout, and installation services to handle a project's actual site circumstances and give a full scope of services from design to delivery and installation. Solar FlexRack has installed over 2.5 GW of solar racking in 40 states across the United States and five countries worldwide.
TotalEnergies | February 14, 2022
TotalEnergies announced it has signed a definitive agreement with SunPower Corp.'s to purchase its Commercial & Industrial Solutions (CIS) business for $250 million, including $60 million of earn-out, subject to regulatory evolution. TotalEnergies is the majority shareholder of SunPower, a leading solar technology and energy services provider.
This acquisition is another step in TotalEnergies' roadmap to develop its distributed generation business, currently accounting to close to 500 MW in operation worldwide. It will allow TotalEnergies to extend its distributed generation business footprint to the U.S. and to develop over 100 MW of additional capacity per year. Beyond, this activity will also create synergies with TotalEnergies' large-scale solar energy portfolio in the U.S and enable B2B customers to benefit from more comprehensive energy solutions and new capabilities in financing and project ownership.
As for SunPower, this operation follows previous announcement to focus on its high-growth residential business, offering a superior customer experience with a growing ecosystem of innovative products and services, hence exploring strategic options for the CIS business.
All in all, this win-win operation fully fits TotalEnergies and SunPower's respective strategies to better serve industrial, commercial and residential customers.
With this acquisition, TotalEnergies is further investing to grow its distributed generation activity in the U.S. and support its B2B customers in meeting their sustainable development goals. It is a new milestone in our renewable development in the country, where we are targeting 4 gigawatts of solar capacity by 2025. This will also give SunPower additional resources to focus on the growing residential market. We look forward to welcoming the Commercial & Industrial teams and ensuring the continuity of TotalEnergies' commitment in this business as we integrate this high-quality portfolio of products and customers."
Vincent Stoquart, senior vice president Renewables for TotalEnergies
"TotalEnergies is the ideal partner for our CIS business to take advantage of the growing commercial market and opportunities like community solar and front-of-meter storage," said Peter Faricy, CEO of SunPower. "The sale enables SunPower to focus on creating a superior residential experience, increase our investment in product and digital innovation, and reach more homeowners. The enhanced strategic clarity created by this transaction will help SunPower lead the industry and deliver maximum value to our investors, partners and customers."
Following a thorough process involving discussions with a number of parties, and upon the unanimous recommendation of a special committee of SunPower's independent directors, the acquisition has been approved by both companies. The transaction is expected to close early Q2 subject to the satisfaction of customary closing conditions. This operation is not expected to reduce TotalEnergies' majority ownership stake (50.83%) in SunPower.
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies in the U.S.
Operating in the United States since 1957, TotalEnergies is focused on identifying opportunities in the evolving U.S. energy market to meet growing energy needs while reducing carbon emissions. The Company is developing a number of solar and energy storage projects in the U.S., targeting 4 gigawatts in cumulative capacity by 2025. It is also positioning itself in the high-potential U.S. offshore wind market. It has qualified to participate in the upcoming New York Bight offshore wind energy auction and launched a joint venture to explore floating offshore wind opportunities off the West Coast.
TotalEnergies and renewables electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. At the end of September 2021, TotalEnergies' gross renewable electricity generation capacity is 10 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 producers of electricity from wind and solar energy.
American Electric Power | September 13, 2021
American Electric Power's 287-megawatt (MW) Maverick Wind Energy Center in north central Oklahoma has begun commercial operation. Located southwest of Enid, Oklahoma, Maverick is one of three wind projects that compose the North Central Energy Facilities, which will provide 1,485 MW of clean energy to customers of AEP's Public Service Company of Oklahoma (PSO) and Southwestern Electric Power Company (SWEPCO) subsidiaries.
In addition to Maverick, North Central Energy Facilities include the 199-MW Sundance project, which began commercial operation in April 2021, and the 999-MW Traverse project, which is expected to begin operation in early 2022. The projects will save PSO and SWEPCO customers in Arkansas, Louisiana and Oklahoma an estimated $3 billion in electricity costs over the next 30 years. Invenergy is developing the North Central Energy Facilities, and PSO and SWEPCO assume ownership of each of the three wind projects following their commercial operation.
"Maverick's commercial operation brings us one step closer to the completion of North Central and to delivering more clean, reliable energy to our customers," said Nicholas K. Akins, AEP chairman, president and chief executive officer. "North Central's three wind projects will create enough energy to power 440,000 homes and will be a valuable asset in AEP's generation portfolio as we work to add nearly 16,600 megawatts of regulated wind and solar resources through 2030."
The combined North Central wind projects represent a $2 billion investment in the U.S. economy through jobs in manufacturing, construction, operations and maintenance, in addition to generating property tax revenue and lease payments for landowners.
American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. AEP's approximately 16,800 employees operate and maintain the nation's largest electricity transmission system and more than 223,000 miles of distribution lines to safely deliver reliable and affordable power to 5.5 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 30,000 megawatts of diverse generating capacity, including more than 5,600 megawatts of renewable energy. The company's plans include growing its renewable generation portfolio to approximately 50% of total capacity by 2030. AEP is on track to reach an 80% reduction in carbon dioxide emissions from 2000 levels by 2030 and has committed to achieving net zero by 2050. AEP is recognized consistently for its focus on sustainability, community engagement, and diversity, equity and inclusion. AEP's family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide.