ENERGY

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.

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Environmental Defense Fund (EDF) is one of the world’s largest environmental nonprofit organizations, with more than two million members and a staff of over 500 scientists, economists, policy experts, and other professionals around the world. EDF finds practical and lasting solutions to the world’s most serious environmental problems. Working with leading businesses, scientists and academics, EDF is taking a leading role in minimizing the environmental, economic and human health risks associated with rising greenhouse gas emissions.

Spotlight

Environmental Defense Fund (EDF) is one of the world’s largest environmental nonprofit organizations, with more than two million members and a staff of over 500 scientists, economists, policy experts, and other professionals around the world. EDF finds practical and lasting solutions to the world’s most serious environmental problems. Working with leading businesses, scientists and academics, EDF is taking a leading role in minimizing the environmental, economic and human health risks associated with rising greenhouse gas emissions.

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ENERGY

Nordex has Received Orders from Energiequelle in Finland for 68 MW of Wind Power

Nordex | April 08, 2021

Nordex got orders from the worldwide breeze ranch designer Energiequelle for the stock and development of twelve N163/5.X breeze turbines in Finland. The orders for the breeze ranches "Takanebacken" and "Torvenkylä" likewise incorporate a drawn-out Premium Service contract for the turbines covering 30 years. The 28.5 MW "Takanebacken" wind ranch will be inherent in the district of Maalahti in the western Finnish locale of Ostrobothnia. The 39.9 MW "Torvenkylä" wind homestead will be developed 250 km north close to the city of Kalajoki. The Nordex Group will supply the N163 wind turbines in the cool environment rendition on cylindrical steel towers with center statures of 148 and 118 meters. The turbines will be introduced and associated with the matrix throughout 2022. "Takanebacken" and "Torvenkylä" are two subsequent ventures of the two organizations in Finland. The Nordex Group is presently introducing the 29.96 MW "Konttisuo" wind ranch for Energiequelle in the district of Soini. In the Southern Ostrobothnian district, seven N149/4.0-4.5 turbines will be introduced. "We are extremely satisfied that Energiequelle has by and by decided on our turbine innovation and this time for the N163/5.X. This turbine type is undeniably appropriate for the breeze states of the two destinations," says Patxi Landa, CSO of the Nordex Group. "The great participation on our present ventures, however overall the persuading further advancement of the Delta4000 stage, which is ideally custom-made to the requirements of the two task destinations, were conclusive for our ruling for Nordex," says Nils Borstelmann, CEO of Energiequelle Oy. Since 1997, Energiequelle GmbH has been universally dynamic as a venture designer and administrator of wind energy, biomass, and photovoltaic plants just as substations and storage spaces. The administrative center of the organization is Kallinchen close to Berlin, further areas are in Bremen, Oldenburg, Hannover, Putlitz, Penzing, Erfurt, Dresden, Rostock, Leipzig, Guntersblum just as Rennes, Dijon and Royan (France) and in Helsinki (Finland). With more than 300 workers and above 750 constructed plants with an absolute limit of approx. 1,400 MW, Energiequelle is a main organization in the business. The Group has introduced more than 35 GW of wind power limit in more than 40 business sectors and produced deals of around EUR 4.6 billion out of 2020. The Company presently has over 8,500 workers. The Group's assembling network remembers plants for Germany, Spain, Brazil, the USA, India, and Mexico. Its item portfolio is essentially centered around inland turbines in the 4 to 5.X MW class which are intended to meet the market necessities of nations with restricted accessible space and districts with restricted matrix limit.

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ENERGY

Amazon has Become Europe's Largest Corporate Buyer of Renewable Energy

Amazon | April 20, 2021

Amazon announced nine major utility-scale wind and solar energy facilities in the United States, Canada, Spain, Sweden, and the United Kingdom today. The company now has 206 clean energy projects around the world, including 71 utility-scale wind and solar projects and 135 solar rooftops on facilities and shops, totaling 8.5 GW of electricity production capacity. With this latest announcement, Amazon has become Europe's largest corporate purchaser of renewable energy, with over 2.5 GW of renewable energy potential, enough to fuel more than two million European homes annually. These projects provide renewable energy to Amazon's corporate offices, fulfillment centers, Whole Foods Market sites, and Amazon Web Services (AWS) data centers, which fuel Amazon and millions of AWS customers around the world. The renewable energy produced by these ventures also contributes to Amazon's pledge to produce sustainable energy equal to the electricity used by all user Echo products. Both of these projects set Amazon on track to fuel 100% of its operations with clean energies by 2025, five years earlier than the initial goal of 2030. The nine new wind and solar projects announced today in the U.S., Canada, Spain, Sweden, and the UK include: • The first solar project paired with energy storage: Amazon's first solar project, based in California's Imperial Valley, is combined with energy storage, allowing the company to match solar generation to peak demand. The project produces 100 megawatts (MW) of solar electricity, enough to fuel over 28,000 homes for a year, and provides 70 MW of energy storage. The initiative also enables Amazon to install next-generation energy storage and management systems while ensuring the stability and durability of California's power grid. • First renewable project in Canada:Amazon also announced the first renewable energy venture in Canada, an 80 MW solar plant in Alberta's County of Newell. When completed, it will provide over 195,000 megawatt-hours (MWh) of clean electricity to the grid, which is enough to fuel more than 18,000 Canadian homes for a year. • The largest corporate renewable energy project in the UK: Amazon's newest project in the United Kingdom is a 350 MW wind farm off the coast of Scotland, which will be the company's biggest in the world. It is also the first corporate renewable energy contract revealed to date by any organization in the United Kingdom. • New projects in the U.S.: The 118 MW wind project in Murray County is Amazon's first renewable energy project in Oklahoma. Amazon is now constructing new solar plants in the Ohio counties of Allen, Auglaize, and Licking. These ventures in Ohio will account for more than 400 MW of new energy procurement in the state. • Additional investments in Spain and Sweden: Amazon's newest solar projects in Spain are in Extremadura and Andalucia, and they will contribute more than 170 MW to the grid. Amazon's most recent project in Sweden is a 258 MW onshore wind farm in Northern Sweden. In 2019, Amazon and Global Optimism co-founded The Climate Pledge, a pledge to meet the Paris Agreement ten years early and achieve net-zero carbon emissions by 2040. There are currently 53 signatories of the promise, including IBM, Unilever, Verizon, Siemens, Microsoft, and Best Buy. To achieve its goal, Amazon will continue to reduce emissions throughout its operations by taking real business actions and establishing a path to power its operations with 100% renewable electricity, five years ahead of the company's original 2030 target; delivering on its Shipment Zero vision of making all shipments net-zero carbon, with 50% net-zero carbon by 2030; purchasing 100,000 electric delivery vehicles, the largest ever order of electric delivery vehicles; and by investing $2 billion through the Climate Pledge Fund in the creation of decarbonizing services and solutions. About Amazon Amazon is guided by four principles: customer obsession over competitor focus, a passion for invention, a commitment to operational excellence, and long-term thinking. Amazon invented products and services such as customer ratings, 1-Click browsing, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa.

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ENERGY

Siemens Gamesa will Provide Wind Turbines for Peru's Biggest Wind Farm

Siemens | April 15, 2021

Siemens Gamesa has been chosen by ENGIE to together compose another section of the energy unrest handling environmental change in Latin America with the establishment of 260 MW of clean energy for Peru at the Punta Lomitas project in the southern area of Ica. This is ENGIE Energia Peru's first wind ranch in the country. Until now, the Andean country has an introduced limit of 400 MW of wind control in more than 8 working parks and means to significantly increase its spotless force age by 2030. As far as it matters for its, Siemens Gamesa has 164 MW of introduced limit in Peru. "It has been an extraordinary collaboration to arrive, and we are glad to be dependent on ENGIE Energia Peru. We will exceed all expectations of what's required from us to convey and finish this undertaking, in a market with all the possibility to turn into a benchmark around there," said Jorge Lobaton de la Guardia, Onshore Managing Director of Siemens Gamesa Latam. Punta Lomitas will be furnished with 50 units of the SG 5.0-145 coastal turbine, and it is relied upon to be authorized by the primary quarter of 2023. The turbines will work at between 5 MW to 5.2 MW. The request incorporates a drawn-out activity and upkeep contract, setting Siemens Gamesa in a favored position overhauling 5 of Peru's breeze ranches. Around the world, ENGIE has a sum of 10 GW wind power introduced limit, of which 20% has been completed with Siemens Gamesa innovation. "The future Punta Lomitas Wind Power Plant is an unmistakable illustration of our obligation to the improvement of sustainable power sources in Peru and a reasonable assurance of our activities to speed up the change towards a carbon-impartial economy," said Rik De Buyserie, CEO of ENGIE Energia Peru. Peru's breeze power history started in 1996 with pilot establishments, with the main huge undertakings created in 2006. The Peruvian government has vowed to arrive at 15% of clean force age by 2030.

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