Atlas Renewable Energy executes first USD Project Financing in Brazil's Renewable Sector with IDB Invest and DNB Bank

Atlas Renewable Energy | October 26, 2020

Atlas Renewable Energy, a leading renewable energy company in Latin America, announced today that it has obtained a USD 67 million loan from IDB Invest, member of IDB Group, and from DNB Bank ASA (Norway) to finance the construction of Jacaranda, a 187MWp solar project being developed by Atlas Renewable Energy in Brazil, marking the first time that a Brazilian solar project has been fully financed in US dollars. The loan was secured from IDB Invest, including the Clean Technology Fund and the Canadian Climate Fund for the Private Sector in the Americas - Phase II, both administered by IDB Invest which provided a portion of the loan, together with a participation from DNB Bank ASA. This loan will finance the construction of the Jacaranda solar project, located in the municipality of Juazeiro, State of Bahia. The plant will generate 440GWh per year, which is enough to supply power to a city of over 750,000 inhabitants and avoid approximately 35,000 metric tons of CO2 emissions per year based on the GHG (Green House Gases) Protocol, and is also the equivalent of removing 36,800 vehicles from the streets of São Paulo in the same period of time.


The West Midlands is uniquely positioned to lead the UK in taking advantage of the economic opportunities arising from the global transition to a clean energy system. The region’s strengths include: strong and coherent political leadership committed to sustainability; the diversity of economic needs and scale of demand required to build competitive markets to support radical innovation; a world-class concentration of both academic and commercial expertise in the low-carbon energy sector; a massive programme of public and private investment in infrastructure planned for the next decade, and above all, the determination to secure long-term economic benefit from clean energy innovation.


The West Midlands is uniquely positioned to lead the UK in taking advantage of the economic opportunities arising from the global transition to a clean energy system. The region’s strengths include: strong and coherent political leadership committed to sustainability; the diversity of economic needs and scale of demand required to build competitive markets to support radical innovation; a world-class concentration of both academic and commercial expertise in the low-carbon energy sector; a massive programme of public and private investment in infrastructure planned for the next decade, and above all, the determination to secure long-term economic benefit from clean energy innovation.

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DroneBase Unveils First Solar Quality Rating System for Asset Conditions in the U.S.

DroneBase | September 14, 2022

With the Solar Energy Manufacturing for America Act passed within the Inflation Reduction Act, America’s solar manufacturing sector is set to scale dramatically. To support the forecasted growth of 60 gigawatts (GW) of solar deployed annually from 2025 to 2030 and ensure better oversight of U.S. solar power plants, DroneBase announced the first standardized set of solar asset ratings. As the leading provider of intelligent imagery, DroneBase is expanding its solar scan offering to cover all of North America for this new rating system. By offering a thorough assessment of power loss, module condition and cell temperature, DroneBase presents the solar industry with a new gold standard for evaluating the total condition of solar power plants, marking the industry’s first complete solar asset conditions data set. “With the solar industry experiencing substantial scaling, industry professionals are looking for a standardized way to evaluate solar asset conditions. Until now, there has been a lack of transparency and visibility into the overall status and condition of assets,Thanks to our scanning capabilities, we provide deep and broad data sets and bring a universal understanding on the condition of solar power plants.” -Mark Culpepper, general manager of global solar solutions at DroneBase. DroneBase’s North American Solar Scan uses a simple three-letter asset rating system, similar to the common investment-grade bond rating system. Each letter represents a specific aspect of a solar site’s overall condition. Conducted via manned aircraft, the North American Solar Scan provides cost-effective and comprehensive thermal and RGB views of solar assets to investors, asset owners, operations and maintenance managers, utility companies, EPC firms and policymakers. Scanned solar plants (1 MW and larger) are automatically assigned three criteria based on aerial photography and thermal scans. Stakeholders can access the data and reports via the DroneBase Solar Insights web platform. The first letter in the rating represents the operating condition of the site. Thermal sensors detect components that are failing to estimate direct current (DC) losses at the power plant. The second letter in the rating is an indicator of the highest recorded temperature of photovoltaic cells, with separate parameters for roof-mounted and ground-mounted assets. Elevated temperatures may indicate potential safety or liability risks. Finally, the last letter in the rating reflects the condition of the modules used by comparing the number of anomalies per megawatt peak. More anomalies per megawatt generally indicate more potential problems with the modules on the site. By providing this analysis and the three-letter rating, DroneBase enables stakeholders to see the condition of solar plants across a geographic area, such as a city, state, or the continental U.S. Financiers or owners can use the asset ratings to identify potential assets for acquisition or sale. In contrast, O&M service providers can use the data to highlight the excellent rating of the plants they service. Meanwhile, developers and EPCs will be able to leverage the ratings to provide objective evidence of the quality of their work to existing or prospective customers. Clients seeking Dronebase’s traditional deep-scanning capability, providing detail as specific as cell level visibility into specific component failures, can continue to do so and can even order that within the new updated Insights platform. Companies, such as DroneBase customer Primergy Solar, that develop, own and operate distributed and utility-scale solar and storage projects, can use the asset rating for various insights to save time and money, through targeted maintenance and preventable downtime. “Primergy is actively building one of the largest solar + battery projects in the U.S., and DroneBase’s technology is a critical time saver for all involved, We’re focused on partnering with companies that understand the importance of investing in projects that increase clean power reliability and reduce carbon emissions to create healthier communities and stronger economies. We look forward to continuing to work with DroneBase as they bring additional clarity and insights to the solar industry.” -Adam Larner, chief operating officer of Primergy Solar. To date, DroneBase has completed its solar scan for the entire state of California, representing 16 GW of solar plants and 20 percent of large-scale solar-generated power in the U.S. The whole U.S. solar plants market of 1MW or larger — approximately 80GW — will be accessible via the DroneBase Insights platform in the spring of 2023. Customers can subscribe immediately to access all the sites scanned in California. A preview of the insights provided by the North American Solar Scan will be available via webinar on Thursday, September 15 — registration is free and open to the public. Attendees of the RE+ conference in Anaheim, Calif., will have access to the database of the California scan at the Dronebase booth (#3854) from Tuesday, September 20 to Thursday, September 22, 2022. ABOUT DRONEBASE DroneBase is the leading intelligent aerial imaging company for high-value infrastructure, providing businesses with fast, actionable, real-time insights to recover revenue, reduce risk, and improve build quality. Headquartered in Santa Monica, California, DroneBase serves customers in the solar, wind, insurance, construction, real estate and critical infrastructure industries. Trusted by the largest enterprises in the world, DroneBase is active in over 70 countries. Learn more at About Primergy Solar Primergy is a developer, owner and operator focused on both distributed and utility scale solar PV and battery storage projects in North America with portfolios of over 10 GW of solar and battery energy storage projects in development, construction, and operations in 13 different states. Primergy features a diverse and talented team with decades of experience in renewables project development, financing, construction and operations. Primergy is a portfolio company of Quinbrook Infrastructure Partners and represents Quinbrook’s principal solar and solar plus energy storage investment platform in North America

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Standard Solar Completes Acquisition of 6.2 Megawatt Rhode Island Community Solar Portfolio from Trina Solar

Standard Solar, Inc., | October 21, 2022

Standard Solar, Inc., a recognized leader in the development, funding, ownership and operation of commercial and community solar assets, is expanding its community solar portfolio in Rhode Island with the acquisition of a combined 6.2 megawatts of projects from Trina Solar.The two ground-mount community solar projects - West Main 1 and West Main 2 - developed by Trina Solar are located in Portsmouth. Rhode Island has some of the highest electricity prices in the country, and they are expected to continue to increase. These new projects will allow subscribers - a mix of state agencies, quasi-state agencies, municipalities, public housing authorities, public schools, private schools, non-profits, federal government and hospitals - in the National Grid service territory to benefit from clean energy savings by offsetting their electricity bills with solar energy. All the power generated will be subscribed utilizing the state’s Virtual Net Metering program. “Partnerships in this industry are critical to delivering successful solar projects, We’re honored to be a trusted development partner of Trina’s, particularly in helping Rhode Island grow its clean energy footprint, and look forward to growing our mutually beneficial relationship as our company launches its next growth phase.” -Michael Streams, Standard Solar’s Chief Development Officer We are very happy to get the chance to collaborate with Standard Solar, one of the fastest growing developers and operators of community solar, said from Linhui Sui, President of Trina Solar International Solar System Business Unit (“Trina ISBU”). We are committed to developing similar systems to expand broader customer access for local, clean, and affordable community solar. These projects will contribute to achieving Rhode Island’s first-in-the-nation goal to meet 100% of the state’s electricity demand with renewable energy by 2030. In addition to accelerating clean energy supply, the projects will generate new long-term investment, savings and job growth opportunities across the economy. Combined, the arrays are expected to produce approximately 8,600 MWh of clean energy annually, which is equivalent to offsetting the CO2 emissions from 4,134,853 pounds of coal burned, charging 454,600,730 smartphones or 727 homes' electricity use for one year. About Standard Solar Standard Solar, a Brookfield Renewable company, is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 18 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 300 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at, LinkedIn and Twitter: @StandardSolar. For project acquisition and development inquiries, contact John Finnerty, Director of Project Development, 240-479-1519, and on LinkedIn. About Trina ISBU Trina ISBU, a business unit of Trina Solar, is a utility-scale global solar power and battery storage solutions developer for international market. With more than 15 years’ professional experiences and track records in project development, financing, EPC and O&M, Trina ISBU is committed to be a global leader in the development and management of smart renewable energy solutions, and creating value for local stake holders and international investors. We are active in more than 20 countries and areas, including but not limited to USA, UK, Italy, France, Greece, Spain, Japan, Colombia, Mexico, Chile, Peru, Australia, South Korea, Vietnam, Malaysia, Philippines, Cambodia, Brazil, Poland, Germany, Hungary, Croatia. Contact us:

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KBR Awarded Study for Renewable Power System Upgrade Using Green Ammonia Technology

KBR | September 09, 2022

KBR ( NYSE: KBR) announced it has been awarded a study to develop a carbon-neutral, green ammonia-based power system for a semi-submersible drilling unit owned by Odfjell. KBR will collaborate with Odfjell, Equinor and Wärtsilä to assess conversion of the diesel generators on board drilling units to ammonia-fueled generators. "We are excited to be a part of a collaborative effort that will fully integrate KBR's semisubmersible technology expertise, Wärtsilä's power systems, and Odfjell's and Equinor's operations capabilities, all to deliver a carbon-neutral solution,This project demonstrates the role ammonia can play in decarbonizing existing assets and achieving net-zero targets. We pride ourselves in driving positive change, innovation and improvement in key markets, and we are proud to support our customers across the industry in their transitions to cleaner fuel options." -Jay Ibrahim, president of KBR Sustainable Technology Solutions. KBR is a world-leading ammonia licensor and KBR's K-GreeN® technology produces carbon-free ammonia based on electrolysis of water. K-GreeN is a viable, renewable alternative to decarbonizing the maritime and shipping industries. KBR has been supporting Equinor and Odfjell for more than three decades with marine technology, engineering and original semi-submersible designs. About KBR We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people performing diverse, complex and mission-critical roles in 34 countries.KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.Visit

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