American Battery Metals sees the light on solar energy

Proactive Investors | July 31, 2019

The company has signed a letter of intent with the renewable energy company Panel the Planet Inc to explore possible solar energy projects on its property American Battery Metals Corporation (OTCQB:ABML) has long mined for lithium under the hot Nevada sun — now the company is looking to it as a power source. The Incline Village based Nevada company announced Tuesday that it has signed a letter of intent with the renewable energy company Panel the Planet Inc to explore possible solar energy projects on its property. The move is designed to offer cost effective power for the company’s mining and processing operations as well as granting it a stream of revenue in the form of power purchase agreements with NV Energy, the state utility. “A solar or solar-plus-storage system can provide cost effective power for our lithium extraction and processing, while potentially tapping into the sizable funds allocated by NV Energy to secure clean energy to meet Nevada’s renewable energy goals,” Cole said.

Spotlight

The energy revolution is here. Once thought to be a near impossibility, recent innovations in renewable energy technology have significantly lowered costs and made renewables an economically viable option. Continued advances in battery storage, solar panels, and energy optimization are giving many around the world access to inexpensive and renewable energy resources. This will fundamentally change the way we produce and consume energy assuming sustainable approaches are widely adopted.

Spotlight

The energy revolution is here. Once thought to be a near impossibility, recent innovations in renewable energy technology have significantly lowered costs and made renewables an economically viable option. Continued advances in battery storage, solar panels, and energy optimization are giving many around the world access to inexpensive and renewable energy resources. This will fundamentally change the way we produce and consume energy assuming sustainable approaches are widely adopted.

Related News

Centrica Business Solutions Completes 2.5 Megawatt rooftop solar installation Shelter Creek Condominiums

Centrica Business Solutions | November 05, 2020

Centrica Business Solutions, part of Centrica plc, a worldwide energy and administrations organization, has finished a 2.5 megawatt housetop sun powered establishment at Shelter Creek Condominiums in San Bruno, California. The task, which started in 2017, will balance the office's energy use by 70% and is relied upon to produce 3,632,773 kilowatt-hours every year. By producing their own capacity on location, the arrangement gives greater soundness to energy costs, and makes more open doors for investment funds. "As we began to review options to make our community more sustainable, it seemed natural to have solar panels installed on our roof space that spans 440,000 square feet across eight buildings," said Ronnie Rosen CCAM-HR.LS General Manager, Shelter Creek Condominium Owners' Association. "When we were evaluating partners, Centrica Business Solutions stood out from the competition because of their ability to deliver a complete system that would produce the 2.5 megawatts we needed to make a difference in our electricity usage. The depth and breadth of their abilities and expertise were essential to successfully guide us through to the completion of our solar project." Sanctuary Creek Condominiums is one of the biggest multi-family advancements in San Mateo County and is driving the route as a supportable network. The 1,296 apartment suite style homes sit on 46 sections of land are worked around open save territories. Over the previous decade, the board has been determined to change the 45-year-old office into one of the most reasonable networks on the west coast. Notwithstanding having sunlight based boards, they have introduced 5,600 LED lights to basic regions, added colonies to improve the neighborhood biological system, and have electric vehicle charging stations accessible to occupants. "Shelter creek is a good example of how even older facilities can be sustainable with some enhancements," said Chris Covell, head of Centrica Business Solutions North America. "The way we generate and consume energy is changing and Centrica Business Solutions' goal is to help customers through that change so they can be more carbon neutral through energy efficiency, solar and battery storage and electric vehicle innovations." The close planetary system profits by 25-year workmanship guarantees and creation ensures, giving important true serenity to the network. It was subsidized through a Power Purchase Agreement (PPA) - a low-upkeep financing choice which implied the framework required no capital cost. Haven Creek pays for the power produced by the framework at a set, limited kWh cost for the term of the agreement. This gives the network long haul consistency over their energy costs, ensuring them against future cost increments in utilities and empowering Shelter Creek to give cost investment funds to their inhabitants. About Centrica plc Centrica plc is an international energy and services company. Our purpose is to provide energy and services to satisfy the changing needs of our customers. We've been serving customers for over 200 years and aim to be at the center of their daily lives - central to helping them run their world. Under the Centrica Business Solutions brand, we deliver integrated energy solutions for businesses and other large energy users, combining distributed energy technologies and a variety of commercial options to improve performance and cost management, drive decarbonization, strengthen resilience, and create opportunities for growth.

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SUSTAINABILITY

Array Technologies Partners with RP Construction Services Sign 1GW purchase Agreement

Array Technologies | December 01, 2020

Array Technologies, Inc. today declared it has gone into a consent to gracefully 1GW of DuraTrack® HZ v3 single-pivot sun oriented trackers to RP Construction Services, Inc. Conveyances under the arrangement are required to start this December and proceed through the finish of 2021. RPCS gives configuration construct administrations to little and medium-sized ground-mounted sun based energy ventures over the U.S. what's more, is the main contractual worker for sun based energy ventures under 25 MWs. "The underwriting of the portion driving temporary worker for circulated energy ventures underscores both the strength of our item offering and the worth our trackers can make for tasks, all things considered. The little utility, civil, medium-sized business and network sun oriented business sectors are developing quickly, and working together with RPCS to address this portion of the market should additionally quicken our development in the U.S. I am additionally satisfied that this request follows on the Lightsource bp buy understanding declared recently, making it the second request more than 1 GW that we have gotten in the previous 30 days," said Jim Fusaro, Chief Executive Officer of Array. “We are incredibly excited about expanding our relationship with Array. They have the best system in the marketplace in terms of ease of installation, reliability, and durability. We have more than tripled the size of our company with their products over the past three years, and we look forward to continuing that growth with this agreement,” said Eb Russell, Chief Executive Officer of RPCS. About Array Technologies, Inc. Array Technologies is a leading global technology company providing tracker solutions and services for utility-scale solar energy projects as one of the world's largest manufacturers of ground-mounting systems. With efficient installation and terrain flexibility coupled with high reliability, durability, and performance, Array delivers a lower levelized cost of energy. The Company's focus on innovation, combined with its customer-centric approach, has helped achieve some of the industry's best returns. Array Technologies is headquartered in the United States with offices in Europe, Central America, and Australia. Contact us at arraytechinc.com or view our LinkedIn page. About RPCS RPCS provides turnkey design and installation services for ground-mounted solar energy projects in the U.S. with a focus on the distributed generation market. The Company has completed more than 700 projects, representing 2 GW of generation capacity, since 2015. RPCS combines a team-oriented culture that values all employees with innovative, tech-enabled work practices to deliver projects of all sizes on-spec and on-time.

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SOLAR+STORAGE

ReneSola Power Enters Agreement to Sell 12 MW of Projects in Spain

ReneSola Power | December 29, 2021

ReneSola Ltd., a leading fully integrated solar project developer, announced that it entered an agreement to sell a 12MWp portfolio of projects in Spain. The portfolio consists of two ground-mounted projects located in the municipality of Caravaca de la Cruz in the southern region of Murcia. The sale will be consummated at the "ready-to-build" stage, which is planned for early 2022. The Caravaca Project is the most advanced project in ReneSola Power's over 300 MW pipeline of projects at different development stages in Spain. The transaction is structured as a share purchase agreement with the aream Group ("aream"), a successful international solar investment company headquartered in Düsseldorf, Germany. The Caravaca Project is being developed by ReneSola Power and a partner; and the Project is owned by a special purpose vehicle ("SPV") which in turn is jointly owned by ReneSola Power and its partner. In this agreement, aream will purchase the Company's ownership position in the SPV. ReneSola Power is a prestigious global solar project developer doing excellent work in Europe. This new partnership enabled ReneSola Power to contribute to our non-profit PowerOneForOne Foundation that supports selected rural electrification projects in developing countries. We are excited to grow our portfolio exposure to solar energy by adding the Caravaca Project in Spain. This is a high quality project that will offer us attractive returns over the life of the installation. This transaction can definitely serve as a role model for further joint transactions." Mr. Patrick Lemcke-Braselmann, Managing Director of aream Ms. Chloé Durieux, Country Director for Spain and France at ReneSola Power, noted, "We are thrilled to sell our first project in Spain to an international investor. This achievement is the first of many we expect from our effort to build our Spanish presence over the past couple of years." Mr. Josef Kastner, CEO of ReneSola Power European Region, said, "We are excited to partner with aream, and look forward to future collaboration. I am proud of our team's achievement and appreciate the support of our M&A advisor Capcora." Capcora, a German consulting company, acted as M&A advisor to ReneSola Power in this transaction. About ReneSola Power ReneSola Power is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company's strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York. About aream The aream Group is a fully integrated investment and asset manager for institutional investors with a focus on sustainable infrastructure in the renewable energy sector, which includes wind and solar power, grids and storage technology. In this context, aream is represented along the entire value chain from project development to plant operation. With a transaction volume of more than EUR 1.5 billion, the company has been covering the entire spectrum of asset management services for over 15 years and ensures the commercial and technical optimization of the assets. In addition to classic project investments in clean energy, aream also offers investment opportunities in climate-tech companies: directly or via private equity solutions. aream combines investment expertise with technical and commercial know-how and ensures sustainable performance with stable distributions, returns and value growth through a structured investment and risk management process. About Capcora Capcora is a consulting firm, specialized on real assets. Capcora procures equity, mezzanine and debt financing for energy and infrastructure projects, real estate, and medium sized companies. The focus is especially on mezzanine financing for the recapitalization of tied-up liquidity in operating assets as well as for bridge financing of developments and construction measures in the area of renewable energies (photovoltaics, onshore wind) and real estate through alternative financing sources.

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