Onward Energy | January 20, 2023
Onward Energy recently announced that the company had completed the previously disclosed acquisition of Global Atlantic Financial Group's 1,171 MW operating solar portfolio. The acquisition comprises operating solar assets in eight states and positions the company as one of the most extensive operators of solar assets in the United States. With the completion of this acquisition, Onward will own and operate more than 4.3 GW of renewable energy in twenty-two states. The deal represents the largest renewable investment in Onward's history and diversifies the company's 6 GW energy generation portfolio.
Chief Executive Officer of Onward, Steve Doyon, said "Onward Energy is a committed partner in the energy transition and this acquisition marks an important step in our continued leadership towards a future powered by clean energy. We are grateful to the Global Atlantic team for their collaboration throughout this process."
(Source- Cision PR Newswire)
Concurrently with the closure of the deal, Onward secured long-term financing from KeyBank, which acted as the administrative agent for a bank group of relationship lenders comprising NatWest, Commerzbank, CoBank, ING, and Truist. During the deal, Global Atlantic had Onpeak Capital LLC as its financial advisor and Mayer Brown LLP as its legal advisor. Milbank LLP served as Onward's legal counsel.
About Onward Energy
Onward Energy is an independent company that generates and operates about 6 GW of renewable energy from solar, wind and gas generation projects in the U.S. It is one of the national leaders in developing clean, renewable energy. The company is a pioneer in the transition into clean energy, investing in the next generation of clean, reliable technologies that will expedite the customers and communities to meet their decarbonization objectives faster.
Braya Renewable Fuels LP | March 13, 2023
Braya Renewable Fuels LP, an oil and gas company, has recently issued an exclusive letter of support to ABO Wind company for the joint development of green hydrogen production. It would promote ABO Wind's project proposal in 'Crown Land Call for Bids for Wind Energy Projects,' an initiative of the Government of Newfoundland and Labrador.
In November 2022, it issued a request for proposals of about 35,000 metric tons of green hydrogen production annually, which is needed for its advanced biofuel refinery. It recognized its requirement for large quantity hydrogen and unique access to deep water logistic assets. It has also invited respondents to submit proposals for large-scale production of green hydrogen and ammonia that would satisfy the needs of the global marketplace.
ABO Wind proposed an integrated project providing green hydrogen to fulfill Braya's requirement and green ammonia for export worldwide, and Braya issued a non-binding letter of support to ABO Wind's project. It believes in the success of the project in the competitive process.
CEO of Braya Renewable Fuels, Frank Almaraz said, "Of the many strong proposals we received from around the world, we have selected ABO Wind for its demonstrated ability to manage large scale infrastructure developments, its significant experience in developing renewable energy projects, and our shared vision of producing green hydrogen and green ammonia to serve global markets." He added, "We are confident that together with ABO Wind, we can build on the tremendous momentum at our Come By Chance refinery."
(Source – Cision PR Newswire)
About Braya Renewable Fuels LP
Headquartered in Come By Chance, Newfoundland and Labrador, Canada, Braya Renewable Fuels LP, a refinery, aspires to become one of the largest renewable diesel and sustainable aviation fuel production facilities in the world. Its refinery is in the conversion project process. It employs employees from different countries, backgrounds and cultures for global business. Previously, it was known as North Atlantic Refinery (NARL). It was named 'Braya' after the two endangered artic-alpine flowering plant species, Long's Braya and Fernald's Braya, mostly found in the Great Northern Peninsula of Newfoundland. These unique species adapt to the extreme climate conditions, and natural processes need to survive in the coastal limestone barrens of the Strait of Belle Isle.
Canadian Solar Inc. | March 16, 2023
Canadian Solar Inc., a solar technology and renewable energy company, has recently announced that its three solar power projects in Japan, particularly in Gunma Takasaki, Oita Kitsuki, and Yamaguchi Hofu, have reached their commercial operation in early 2023, totaling about 42 MWp.
Canadian Solar's bifacial BiHiKu modules powered these projects. The grid operators from the respective areas purchased the energy generated from the projects through Japan's feed-in-tariff program. This purchase would continue for about 19 years at the rates of JPY32 (US$0.24), JPY14.49 (US$0.11), and JPY14.25 (US$0.10) per kWh in approximation. The projects would produce about 53,000 MWh of renewable energy. This energy will power over 15,000 households and avoid approximately 24,000 tons of carbon emissions per year. It is delivering more clean, safe and affordable solar energy to the world. Of the total project pipeline, 2.9 GWp of projects are in late-stage development and have secured energy offtake agreements. In addition, it has a geographically diversified utility-scale solar power project pipeline of around 10 GWp.
Chairman and CEO of Canadian Solar Inc., Dr. Shawn Qu said, "We are delighted to be part of the green transformation that Japan is going through with these additions to our portfolio. Our teams worked closely with the local communities and governments to bring these projects to fruition. Working closely with the local community to cultivate a sustainable long-term relationship is one of our ESG sustainable development goals. Canadian Solar's Sustainability Report provides a detailed discussion on our ESG goals, targets and approaches."
(Source – Cision PR Newswire)
About Canadian Solar Inc.
Headquartered in Guelph, Ontario, Canadian Solar Inc., a renewable energy semiconductor manufacturing company, offers solutions for solar projects, solar panels, PV applications, bankability, solar modules, solar farms, renewable energy, and sustainability. It has been working as a global energy and solar energy solutions provider and solar PV modules manufacturer since 2001. It has conducted successful business subsidiaries in different countries and delivered about 55 GW of solar modules worldwide. It runs solar power projects and plants with the commercial operation, with a resale value of approximately US$1.2 billion. It was listed as Bloomberg New Energy Finance's Tier 1 Module Manufacturer in bankability for Q4 2018. GTM Research named it the Top 3 Global Utility-scale Solar PV Project Developer for 2017.