2019-2028 Global Renewable Energy Market: Industry Trends, Business Overview & Forecast Analysis

The Financial Strategy | February 26, 2019

Renewable Energy Market 2019″ describes an in-depth evaluation and professional survey on the present and future state of the Renewable Energy market across the globe, including valuable facts and figures. Renewable Energy Market provides information regarding the emerging opportunities in the Renewable Energy market & the market drivers, trends & upcoming technologies that will boost these growth trends. Renewable Energy Market report provides a comprehensive overview of Renewable Energy including definitions, Segmentation by Type, Production and CAGR (%) Comparison, Scope, Share, Application, Revenue Status and Outlook, Capacity, Production Status and Outlook, Market Drivers and Opportunities, Growth Rate, Export, Consumption, Import, Emerging Markets/Countries. The Renewable Energy market report assesses the key regions (countries promising huge market share for the forecast period 2019-2028.

Spotlight

Copper is a key component of solar energy systems, increasing the e¬ciency, reliability, and performance of photovoltaic cells and modules. Copper’s superior electrical and thermal conductivities are vital in the collection, storage, and distribution of solar energy. Renewables, which have copper wiring, tubing, and cable, o er a potential for copper usage up to five times greater than a traditional electrical generation. There are approximately 5.5 tons per MW of copper in renewable systems.

Spotlight

Copper is a key component of solar energy systems, increasing the e¬ciency, reliability, and performance of photovoltaic cells and modules. Copper’s superior electrical and thermal conductivities are vital in the collection, storage, and distribution of solar energy. Renewables, which have copper wiring, tubing, and cable, o er a potential for copper usage up to five times greater than a traditional electrical generation. There are approximately 5.5 tons per MW of copper in renewable systems.

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SOLAR+STORAGE

D. E. Shaw Renewable Investments Announces the Acquisition and Debt Financing Closing of Arroyo Solar & Storage

D. E. Shaw Renewable Investments | September 20, 2021

D. E. Shaw Renewable Investments (DESRI) announced today the closing of the acquisition of and debt financing for the Arroyo Solar and Storage (Arroyo) project. Arroyo is a 300 MWAC solar and 150 MWAC/600 MWh battery energy storage system facility that is being developed in McKinley County, New Mexico. The first phase of the project is expected to commence operations in June 2022, with full commercial operation anticipated for fall 2022. Arroyo is DESRI's first solar project with co-located battery storage to enter construction and financing, and once operational, will be one of the largest solar and battery projects in the U.S. DESRI acquired the project from the original developer, Centaurus Renewable Energy. Arroyo has two offtake contracts with Public Service Company of New Mexico (PNM) for the solar and storage output respectively. The facility is expected to generate enough clean energy to power approximately 83,500 homes each year, according to metrics provided by the Environmental Protection Agency. DESRI is proud to partner with PNM to provide clean energy to their customers. Incorporating battery storage in solar projects has the potential to change the landscape of the renewable energy industry going forward, and we're excited to offer storage capabilities to PNM as part of the Arroyo project. David Zwillinger, chief executive officer of DESRI. "As PNM continues our path to 100% carbon-free electricity, we eagerly await the first of the large scale batteries and associated solar to come on our system," said Tom Fallgren, vice president of PNM generation. "This project demonstrates New Mexico's leadership throughout the nation in reducing our carbon footprint." Financing for the acquisition and construction of the project was led by Nord/LB and included four additional joint lead arrangers: MUFG Union Bank, N.A., Sumitomo Mitsui Banking Corporation (SMBC), National Bank of Canada (NBC), and Societe Generale. "DESRI is thrilled to bring more clean energy to New Mexico," said Tom de Swardt, chief commercial officer of DESRI. "We especially appreciate the hard work and commitment of the five banks providing financing to the project in spite of continuing challenges from COVID-19." NORD/LB is very pleased to have supported DESRI and led the debt financing for Arroyo. The project is NORD/LB's first solar-plus-battery storage project financing in the U.S. and builds upon our track-record after 20 years of consistent lending to the North American power, renewable energy, and infrastructure market. The high quality features of the project, its counterparties, and the sponsorship of DESRI were key elements for NORD/LB as we expand into utility-scale battery storage. Andrew Vernon, senior director of Nord/LB. undt Construction Inc. will construct the solar facility, which will use Nextracker trackers. ECI of Billings, MT is providing the design for the substation and switchyard that will be built by its subsidiary, EPC Services Company. STesla will supply and commission Megapacks for the facility, and New Mexico-based Affordable Solar Installation, Inc. will construct the battery energy storage system (BESS). In addition, SOLV, Inc. and Tesla will provide ongoing operations and maintenance services to the facility once operational. About D. E. Shaw Renewable Investments D. E. Shaw Renewable Investments (DESRI) and its affiliates develop, acquire, own, and operate long-term contracted renewable energy assets in the U.S. DESRI's portfolio of operating and in-construction renewable energy projects currently includes over 50 solar and wind projects that represent over 6 GW of aggregate capacity. DESRI is a member of the D. E. Shaw group, a global investment and technology development firm with more than $55 billion in investment and committed capital as of June 1, 2021, and offices in North America, Europe, and Asia.

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ENERGY

Bay Area, Central Coast CCAs Launch $65m in EV-Charging Infrastructure Deployment Programs to Support California's Transportation Shift

Prnewswire | October 27, 2020

Four Community Choice Aggregators (CCAs) from the Bay Area and Central Coast of California are funding – in total, with state financial contributions – $65 million in infrastructure to support the rising number of electric vehicles (EV) in the state. This funding will support thousands of new EV chargers, a significant and essential step toward meeting California emissions reductions goals and Gov. Gavin Newsom's target of no new combustion engine passenger and light duty vehicle sales by 2035. San José Clean Energy, Silicon Valley Clean Energy, Peninsula Clean Energy, and Central Coast Community Energy are leading the way toward achieving the goal for electric vehicle charging infrastructure that is available readily for users of all incomes throughout their communities.

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SOLAR+STORAGE

Ameresco’s Solar Sites to Generate Nearly 11 MW of Clean Power for Rhode Island

Ameresco, Inc. | March 23, 2021

Ameresco, Inc. announced that they attained the commercial operation at its solar energy site in Tiverton; Rhode Island completed the construction in Cumberland, Rhode Island, its second site. Ameresco is a prominent clean technology integrator that specializes in energy efficiency and renewable energy. Ameresco’s Tiverton’s solar energy site, installed in a previous cornfield, contains more than 12,000 modules with an electricity generation capacity of 4.95 MW. By implementing these solutions, the Rhode Island Airport Corporation (RIAC) is set to save approximately $380, 000 in the first year itself. There are over 14,000 modules with an electricity generation capability of 5.71 MW at the solar site in Cumberland. It has accumulated an annual cost savings of approximately $410,000 in its first year. RIAC is the designated off-taker of the clean energy generated from both the Tiverton and Cumberland solar sites, according to a long-term agreement between RIAC and Ameresco. RIAC has a history of supporting a variety of environmental programs that are meant to curtail the adverse effects of airport operations. Solar sites at Cumberland and Tiverton have augmented their dedication to implementing reliable, cost-effective, and environmentally conscious solutions. Throughout the years, Cumberland has installed energy-efficient equipment in public buildings whereas Tiverton has launched local conservation and recycling commissions to raise awareness among the community members. Cumberland’s commercial operations as expected to be completed in April 2021. About Ameresco, Inc. Ameresco Inc. was founded in 2000. It is a key cleantech integrator and renewable asset developer, owner, and operator. Their works include energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions. Their clientele ranges from North America to the United Kingdom.

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