California Gets Solar Boost With 160 MW Sacramento Project

Environmental Leader | February 25, 2020

D.E. Shaw Renewable Investments (DESRI) has acquired the 160 MW-ac Rancho Seco Solar II project, located in Sacramento County, California. The project, initially developed by Lendlease, an international property and infrastructure group, has a 30-year Power Purchase Agreement in place with the Sacramento Municipal Utility District (SMUD) and will be built on the site of a decommissioned nuclear power plant. Construction on Rancho Seco Solar II began last year and the project is expected to be the largest solar facility in Sacramento County upon completion. According to DESRI, this partnership will allow Sacramento to continue to provide clean and cost-efficient green energy to its residents and businesses. Sacramento is no stranger to clean energy. In 2018, Nestlé Waters North America announced that its facility in Sacramento will be powered by 100% renewable energy.

Spotlight

Learn how you can make a difference with this infographic on value and impact of solar energy. Get the scoop on how solar energy can power the world and save you money in the process and how climate change can become less severe. To top it off we have also prepared information that homeowners will find very helpful and well worth their effort. Find out how solar compares to other forms of investment, what is the energy return and how much exactly you can save by going solar.

Spotlight

Learn how you can make a difference with this infographic on value and impact of solar energy. Get the scoop on how solar energy can power the world and save you money in the process and how climate change can become less severe. To top it off we have also prepared information that homeowners will find very helpful and well worth their effort. Find out how solar compares to other forms of investment, what is the energy return and how much exactly you can save by going solar.

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ENERGY

Taaleri SolarWind II fund invests in three wind farms in Lithuania with a combined capacity of 186 MW

Taaleri Energia | November 29, 2021

The Taaleri SolarWind II fund has together with an investment company, Atsinaujinančios Energetikos Investicijos, managed by Lords LB Asset Management, a leading investment management firm in the Baltics, acquired 100 percent ownership of the Anykščiai, Rokiškis, and Jonava wind farms from European Energy, a Danish renewable energy company. Lords LB is Taaleri Energia’s joint venture partner in the Baltics. The Anykščiai and Rokiškis wind farms are located in the counties of Utena and Panevėžys, around 100 km and 150 km north of the city of Vilnius respectively. The Jonava wind farm is located in the county of Kaunas, approximately 100 km northeast of the city of Vilnius. With a total of 34 General Electric 5.5 MW turbines, the wind farms will have a combined installed capacity of 186 MW and the combined annual production of electricity will be approximately 560 GWh. The wind farms will together produce enough electricity to supply around 270 000 households and will offset the equivalent of 170 000 tonnes of carbon dioxide during each year of operation. Construction works on the Anykščiai, Jonava and Rokiškis wind farms commenced in January, March and July 2021 respectively. All three wind farms are expected to be fully operational in 2022 with the Anykščiai wind farm reaching its commercial operations date by the end of the first quarter, the Jonava wind farm by the end of the second quarter and the Rokiškis wind farm by the end of the fourth quarter. The wind farms were developed by European Energy, who will also provide Construction Management services during the construction phase as well as Technical and Commercial Management services in the operational phase. General Electric will be responsible for maintaining the turbines under a 30-year contract. The three wind farms have entered into long-term power purchase agreements for a substantial proportion of the electricity generated with Axpo Nordic, which is part of the Axpo Group, the largest energy company in Switzerland. Long-term project financing for these investments has been provided by the Danish investment manager AIP Management on behalf of its investors. We are delighted with this deal, which brings the number of investments from the Taaleri SolarWind II fund to ten and represents its entry into a new market. Lithuania has excellent wind resources and a clear plan to increase the share of renewable energy in its power generation mix. Our joint venture with Lords LB paves the way for further investments in the Baltics and we look forward to continuing to build on this partnership.” Kai Rintala, Managing Director, Taaleri Energia “We are delighted to contribute to the region’s energy transition and security of supply by providing early-stage developers with the access to institutional capital. We believe that our joint venture with Taaleri Energia will be a significant driver for renewable energy capacity development in the region. Unlocking the renewable energy potential in the Baltics will lead to tremendous value creation for both the region and for our investors”, said Atsinaujinančios Energetikos investicijos’ Manager, Tomas Milašauskas. “We are excited to complete this investment in three onshore wind projects in Lithuania, which is an interesting new market for us with significant demand for renewable energy sources and also well-connected to the NordPool Nordic power market. We are delighted to partner with Lords LB and extend our partnership with Taaleri Energia. We are pleased to see Danish developer European Energy continuing to be play an important role in the projects”, said Kasper Hansen, Managing Partner of AIP. About the Taaleri SolarWind II fund The Taaleri SolarWind II fund invests in utility-scale wind and solar assets. The fund is investing in a diversified portfolio of ready-to-build assets in five key markets; the Nordics & Baltics, Poland, South East Europe, Iberia and Texas. It is estimated that the fund will finance approximately 850 MW of renewable energy capacity, which will offset over 1 million tonnes of CO2 annually throughout the 25-year lifetime of the assets. The fund’s investors include the European Investment Bank, Ilmarinen Mutual Pension Insurance Company, Varma Mutual Pension Insurance Company, the European Bank for Reconstruction and Development, Obligo Global Infrastuktur II Fund, the Finnish Church Pension Fund, the Nordic Environment Finance Corporation, the Taaleri Group, the Taaleri Energia team and a wide range of pension funds, foundations, endowments, and family offices. About Taaleri Energia Taaleri Energia is a renewable energy developer and fund manager. With 40 professionals, Taaleri Energia has one of the largest dedicated wind and solar investment teams in Europe. The team is currently investing its fifth renewable energy fund, the Taaleri SolarWind II fund, and has a 2.8 GW wind and solar portfolio in Europe, the US, and the Middle East. Taaleri Energia is ranked by Preqin as one of the most consistent top performing infrastructure fund managers. Taaleri Energia is part of the Taaleri Group, which is listed on the Nasdaq Helsinki stock exchange.

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SOLAR+STORAGE

GameChange Solar 631 MW Genius Tracker™ Rising Up in Southern Texas

GameChange Solar | May 05, 2021

GameChange Solar has announced the construction of a 631 MW Genius Tracker system in southern Texas. After completion, the system will be the largest solar PV project in the state and, eventually, one of the largest in the world. The project covers 4,000 acres in Wharton County and includes 1.4 million solar modules (just outside of the Houston Metropolitan area). This capacity can generate 500 MWac / 631 MWdc of renewable energy, enough to fuel 100,000 homes each year. Power generated at the project site will be purchased online in blocks and distributed to the ERCOT wholesale market in 2021 to meet rising regional demand. The EPC expects the project to be completed by mid-2022. Allison Larson, GameChange Solar's Director of Business Development, stated: "We are committed to delivering outstanding logistical assistance and training to ensure the smooth and successful completion of this 631 MW Texas project for the EPC and the project owner. The system utilizes the tested Genius Tracker with preassembled SpeedClamps, which speeds up installation compared to typical competitors. We hope to see more of these large-scale utility-scale projects in Texas and elsewhere." According to Max Johnson, Director of Business Development at GameChange Solar: "This world-class PV power plant facility is located along the Texas Gulf Coast, close to many other major solar developments. The Genius Tracker from GameChange Solar was selected for this milestone project due to its rugged design and potential to survive high wind areas. Our tech staff and dedicated on-site representatives can assist developers and owners who are using the Genius Tracker on nearby sites that are set to break ground later this year."

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ENERGY

Trina Solar is the first solar panel manufacturer to receive two environmental certifications

Trina Solar | January 19, 2021

Trina Solar Co., Ltd. (“Trina Solar” or “Company”), the world's largest manufacturer of solar panels and integrated solutions for smart energy, has received Environmental Product Declaration (EPD) certifications according to UL and EPD Italy, two of the leading independent certification bodies in the field of safety research ... This is the first approved certification in the field of photovoltaics, confirming the environmental friendliness of the Company's products. The ceremony took place on January 13th in Changzhou, Jiangsu Province, China. It was attended by Deputy Director of Trina Solar Bo Cao ( Bo Cao) And CEO of UL-CCIC Company Limited Shi Jun ( Jun Shi ). EPD certification to industry standards ISO 14025 and EN 15804 confirms the environmental friendliness of products. During the EPD certification, the environmental impact of products is assessed taking into account the origin of raw materials, production, transportation, processing, as well as the energy efficiency of the enterprise. EPD certification provides investors and photovoltaic system owners with reliable information on the environmental performance of solar products and services, making it easy to select. The EPD certificate is valid for five years and is recognized in Europe, North America and the world market. This demonstrates that Trina Solar products meet global sustainability standards. Trina Solar supplies photovoltaic solutions to a significant number of international utility companies in the European market. Concerns about global climate change are growing, while expectations for sustainable development are rising. In the future, EPD certification may become a prerequisite for bidding in Europe and other markets. In terms of end users, according to recent studies, over 60% of European consumers are concerned about the environment. Independent third-party EPD certification provides customers with reliable product sustainability information and underpins Trina Solar 's ongoing commitment to environmental protection.

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