Trussville Storage | December 30, 2021
Trussville Storage, an Alabama-based self-storage company, along with Jefferson County Commissioner Joe Knight, announce the receipt of a grant from the USDA for the installation of its solar power installation at 7900 Gadsden Highway in Trussville.
In January 2021 Trussville Storage began its investigation of adding solar power to its facility on Gadsden Highway in Trussville. Despite limited inventory of materials and a disrupted supply chain, installation proceeded on schedule. The system has been operational since early November.
"The availability of a grant from the USDA was an important factor in moving forward with the project proposed by Eagle Solar & Light" say David Protiva and Mark Titshaw of Trussville Storage. "We expect to cover about 61% of our energy use with this installation and even can sell power back to Alabama Power at times."
Commercial solar in Alabama not only generates exceptional financial returns, as we have utility rates well in excess of the national average, but is also the best step toward achieving corporate sustainability goals. Climate controlled self-storage facilities produce energy consumption profiles that fit daily and weekly solar energy generation parameters very well."
Samuel Yates, CEO of Eagle Solar & Light
Jefferson County Commissioner Joe Knight said "we welcome the new owners of Trussville Storage, David Protiva and Mark Titshaw, to Jefferson County and to the City of Trussville. I am impressed with their innovative approach of using solar power to partially supply the energy needs at this expanded facility on Highway 11. Jefferson County has come a long way in the last few years and we are excited about the direction in which we are heading. We look forward to other new businesses that will be coming to our county."
Trussville Storage manager, Kelly Epps, said, "The new owners have been working hard since November 2020 to make sure this facility remains the best self-storage facility in the area. Earlier this year, we completed our transition to all LED lighting and now with the solar power, the owners are showing again they want to be responsible corporate citizens."
About Trussville Storage
Trussville Storage is a self-storage facility located in Trussville, AL. The facility offers over 53,000 square feet of rentable storage space, both in climate-controlled units and in non climate-controlled units. The company is currently building an additional building which will offer over 13,000 additional square feet of climate-controlled storage space.
About Jefferson County
Jefferson County is a County in U.S. state of Alabama. Its location includes the city of Birmingham and suburban areas. The population estimate was 658,000 in 2019.
Arevon Energy | August 17, 2021
Arevon Energy, Inc. ("Arevon"), a renewable energy company, has launched today through the combination of Capital Dynamics' U.S. Clean Energy Infrastructure ("CEI US") team and Arevon Asset Management, Capital Dynamics' former exclusive energy asset management affiliate. Arevon is 100% owned by an investor group comprised of APG, the California State Teachers' Retirement System ("CalSTRS"), and a wholly owned subsidiary of the Abu Dhabi Investment Authority ("ADIA").
Arevon will support a standalone clean energy platform of 4.5 GW of operating, under construction, and late-stage development solar and battery storage projects, as well as a 3.0 GW pipeline. The transaction is subject to regulatory approvals and is expected to close by early 2022.
With significant industry experience among its more than 100 professionals, Arevon will offer customized clean energy solutions to utilities and corporations and plans to expand its platform of solar and battery storage projects through customer acquisition, M&A, and select development activities.
"Launching this clean energy platform gives Arevon the flexibility to expand our capabilities and engage in new partnerships," said John Breckenridge, Arevon's Chief Executive Officer and former Head of Clean Energy Infrastructure at Capital Dynamics. "As the renewables industry matures, it is essential we bring both innovative offtake solutions and operational excellence to the market. Our seasoned operations team, combined with our access to capital, positions us to accomplish those goals and continue to grow the platform's portfolio of clean energy assets in North America."
Khadem AlRemeithi, Executive Director of the Real Estate & Infrastructure Department at ADIA, said: "Renewable energy is an area of keen interest for ADIA and we have built a sizeable, global portfolio in the sector. By investing alongside proven partners in Arevon, we are supporting the creation and future growth of an innovative renewable energy platform."
Steven Hason, Head of Americas Real Assets at APG said, "As a pension investor, we are continuously looking for attractive infrastructure investments that help us realize stable, sustainable, and long-term returns for our pension clients. This transaction represents an opportunity to continue our clean energy investments alongside our partners and play a significant role in the U.S. energy transition. We look forward to further collaborating with our partners who share our long-term investment goals."
In addition to Breckenridge, Arevon's management team includes three Executive Vice Presidents: Justin Johnson, former head of Arevon Asset Management, as Chief Operating Officer, Brian Callaway as Chief Financial Officer, and Tommy Greer as Chief Commercial Officer. Callaway joins the company from AES, where he was Vice President of Growth Initiatives and previously served as Vice President of Structured Finance and M&A for sPower. Greer joins from EDP Renewables, where he was the Head of Origination for North America.
"We're launching into this next chapter with a deeply experienced team that shares a passion for driving the clean energy transition," said Johnson. "Arevon brings together an unmatched mix of project finance, construction, development and operations experience, aided by customized analytical tools that give us an edge when it comes to optimizing asset performance."
Arevon will continue to provide consulting and support services to other generation assets for Capital Dynamics, an independent global private asset management firm based in Switzerland. Ropes & Gray acted as legal counsel to the Investor Group.
About Arevon Energy, Inc.
Arevon Energy, Inc. is a leading renewable energy company with roots as one of the largest renewable asset managers in the United States. Arevon's financial prowess and industry expertise come together to improve the structure and performance of clean energy assets across North America. Headquartered in Scottsdale, AZ, and New York City, Arevon uses innovative approaches and leading-edge technology to provide commercial, financial, performance asset management, and construction services to nearly 10 GWac of renewable energy assets delivering clean energy to utilities and corporations. For more information, please visit: www.arevonenergy.com
Established in 1976, the Abu Dhabi Investment Authority is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation.
White Pine Renewables | March 04, 2021
White Pine Renewables is pleased to announce the culmination of the Healdsburg Floating Solar Project. The task will convey clean energy to the City of Healdsburg, Calif., under a 25-year power buy arrangement. At 4.78 MW(dc) and sited on lakes at the City's wastewater treatment plant, the venture is the biggest floating solar task finished in the United States to date.
The power created by the task will cover around 8% of the City's absolute energy interest and is a significant piece of the City's arrangement to arrive at 60% environmentally friendly power before 2030. Moreover, siting the solar boards on the lakes tries not to utilize land for the task and will diminish dissipation and green growth development, profiting the encompassing grape plantations that depend on the treated water for water system.
The Healdsburg Floating Solar Project was developed and is operated by White Pine Renewables. "This project exemplifies what differentiates White Pine," said White Pine CEO Evan Riley. "We combined innovative technology and an efficient capital structure to provide long-term savings to the City of Healdsburg."
Noria Energy co-built up the venture with White Pine and Collins Electrical Company, Inc., a California-based development worker for hire, if establishment administrations. The Healdsburg project was finished in under a half year from acquirement to charging.
Terry Crowley, Utility Director for the City of Healdsburg, described the project as "a cornerstone of the City's long-term plan to save money on energy costs and provide City electric customers with 60% renewable energy." Crowley added that he "greatly appreciated the collaborative partnership between White Pine, Noria, and Collins Electrical to deliver the project safely, efficiently and in an extremely short period of time."
Noria's CEO Jon Wank noted that the Noria-White Pine partnership "leveraged Noria's experience in floating solar technology and White Pine's development experience to create a project that delivers low-cost renewable energy while creating environmental benefits."
While still a little bit of the by and large solar market, floating PV is turning out to be progressively mainstream as a result of its double land use reason and for the most part higher energy creation because of the cooling impacts of water and wind.
About White Pine Renewables
White Pine Renewables is a renewable energy development company that provides competitively priced, long-term PPAs to leading commercial, industrial and public-sector customers. Focusing on projects ranging from 1 to 20 MW(dc), White Pine originates, develops, finances and operates projects throughout the U.S., with key areas of focus in California and the Midwest.
About Noria Energy
Noria Energy is a leader in floating solar technology in the United States and Latin America. Since 2018, Noria has been dedicated to optimizing the design of solar PV systems guaranteeing affordable long-term power to clients and enabling them to transition to clean, renewable energy. Noria is currently developing 300+MW of solar projects serving wastewater treatment plants, industrial customers, hydroelectric powerplants, among others.