Pattern Energy | November 11, 2021
Pattern Energy Group LP announced it has started construction of its Lanfine Wind power project in Alberta, Canada. The 150 megawatt (MW) project, which will provide enough clean energy to power approximately 25,000 homes in Alberta annually, is expected to enter full commercial operation by the end of 2022.
"The Lanfine Wind project is bringing substantial economic and environmental benefits to Alberta by creating hundreds of new jobs, generating millions in revenue locally, and establishing strong community benefits. We are thrilled to be expanding into Alberta and look forward to growing our footprint in the province, as we continue to expand our portfolio of renewable facilities across Canada."
Mike Garland, CEO of Pattern Energy
The Lanfine Wind project will utilize 35 Vestas V150-4.2 MW turbines, delivered in 4.3 MW operating mode. Developed by Pattern Canada, the Lanfine Wind project will be located to the south and west of Oyen, Alberta in Special Area 3.
Lanfine Wind represents a projected investment of roughly C$350 million in Alberta and will bring lasting and diverse economic benefits, including up to 200 construction jobs. In addition to employment and contracting opportunities, Lanfine Wind will generate landowner revenue and provide tax revenue to the local community, which will directly contribute to education, community services, roads, and first-responder capabilities. Further, a Community Benefits Program funded by the project will support local initiatives and community-based organizations.
With Lanfine Wind, Pattern Canada has now brought 11 wind energy projects into construction and operation across five provinces over the last decade, creating thousands of Canadian jobs and millions of dollars in direct economic benefits to our local communities.
About Pattern Energy
Pattern Energy is one of the world's largest privately-owned developers and operators of wind, solar, transmission, and energy storage projects. Its operational portfolio includes 28 renewable energy facilities that use proven, best-in-class technology with an operating capacity of 4.4 GW in the United States, Canada and Japan. Pattern Energy is guided by a long-term commitment to serve customers, protect the environment, and strengthen communities.
Atlantica | December 15, 2020
Atlantica Sustainable Infrastructure plc (NASDAQ: AY), the manageable framework organization that possesses an enhanced arrangement of contracted resources in the energy and climate areas, reported today that it has agreed with an auxiliary of Algonquin Power and Utilities Corp. ("Algonquin") (TSX/NYSE: AQN), a broadened worldwide age, transmission, and dispersion utility with around US $11 billion of all out resources, to procure a 20MW sunlight based plant with a long term PPA set up in Colombia. The task was created and is being built by AAGES, Algonquin's global joint endeavor.
The speculation is required to be around US $20 million. Shutting is required to happen after the resource arrives at business activity, which is presently expected in mid-2021. This speaks to Atlantica's first interest in Colombia, an OECD part nation with venture grade rating.
Furthermore, Algonquin and Atlantica have consented to possibly co-put resources into extra sun based plants in Colombia with a joined limit of around 30MW to be exclusively evolved and worked by AAGES.
Santiago Seage, Atlantica's CEO stated: "We are glad to co-put with Algonquin in these activities, in a deliberate advance to go into another market like Colombia, with alluring development possibilities for renewables and with comparative qualities to other Atlantica's business sectors in South America."
This official statement contains forward-looking articulations. These forward-looking assertions incorporate, however are not restricted to, all proclamations other than articulations of authentic realities contained in this official statement including, without impediment, those with respect to the development of the resource and shutting of securing, our future monetary position and consequences of activities, our procedure, plans, destinations, objectives and targets, future advancements in the business sectors in which we work or are trying to work or foreseen administrative changes in the business sectors in which we work or mean to work. Now and again, you can distinguish forward-looking proclamations by phrasing, for example, "point," "foresee," "accept," "proceed," "could," "gauge," "anticipate," "conjecture," "direction," "expect," "is probably going to," "may," "plan," "potential," "anticipate," "anticipated," "should" or "will" or the negative of such terms or other comparative articulations or wording.
MPC Energy Solutions | August 12, 2021
MPC Energy Solutions (MPCES) and Akuo Energy have commenced construction of Parque Solar Planeta Rica, a solar photovoltaic (PV) project in Colombia. The project is a joint venture with Akuo Energy, a leading French developer and operator of renewable energy projects.
"The start of the construction of the Planeta Rica project in Colombia is another important step forward for MPC Energy Solutions, executing on our significant project pipeline as outlined at the time of our IPO in January 2021. Our plan is to build up an operational portfolio as a leading independent power producer (IPP) with a highly diversified portfolio and attractive rates of return. We are highly dedicated to Latin America, and Colombia is a particularly attractive market, having the strongest growth rate for renewable energy in the region," said Martin Vogt, CEO at MPC Energy Solutions.
The total investment for erecting the Planeta Rica plant is approximately USD 24 million. MPCES and Akuo Energy are the equity sponsors whereby the debt financing is provided by Bancolombia. Financial close was achieved in early August. Bancolombia is the largest commercial bank in Colombia and one of the largest in Latin America as well as a leader in directing capital towards environmentally sustainable investments accross the region.
The project will sell all generated electricity under a 15-year Power Purchase Agreement (PPA) to a leading regional utility with AAA (col) credit rating by Fitch Ratings. Planeta Rica is the second Colombian project with a signed PPA within MPCES's portfolio. The Los Girasoles solar PV project was the first project that signed a PPA earlier this year. The commercialization of energy of both projects is fully aligned with the company's strategy to support the private sector and corporate clients with clean energy.
Energy production from the Planeta Rica project is expected to start in early Q3 2022. The Planeta Rica plant will have an installed capacity of 26.55 MWp, while delivering enough electricity to satisfy the energy needs of over 10,000 households in Colombia.
During the construction phase, the plant will employ over 200 people with a requirement for a proportion of those workers to be female. When the plant is commissioned, it will avoid the emission of over 4,000 tons of CO2 each year and provide a sustainable source of clean electricity.
Martin Vogt said: "We believe Colombia has the potential to be a leader in terms of moving towards a cleaner energy future and we have had a dedicated team in the country for several years. This OECD country is rich in sources of renewable energy and just like many other countries in Latin America, Colombia has ambitious targets for transition to renewable energy. We are excited to build and operate this project together with such a reputable and experienced partner as Akuo Energy. Planeta Rica is our first Colombian project to start construction demonstrating the successful start of implementation of our solar portfolio here. The Planeta Rica project will support the country's transition towards a low-carbon future and help boost its resilience. The increasing scale of our operations in Colombia also allows us to ensure that high-value skills learnt from the construction and operation of these cutting-edge facilities help to enhance the broader economic development of Colombia."
About MPC Energy Solutions
MPC Energy Solutions ("MPCES") is a global provider of sustainable energy and primarily focuses on low-carbon energy infrastructure, including solar and wind assets, and other hybrid and energy efficiency solutions. The Company participates in the full project lifecycle of renewable solutions, from early-stage development through construction and operation.