Capital Dynamics and 8minute to Collaborate on 387 MW Solar Project

Saur Energy | January 10, 2020

Capital Dynamics, an independent global private asset management firm, and 8minute Solar Energy, the largest independent solar and storage developer in the US, have announced the acquisition of the Eagle Shadow Mountain Solar Project. Located near Clark County, Nevada, Eagle Shadow Mountain is the first of two clean energy projects on the site that 8minute is contracted to develop and deploy. The 300MWac/ 387MWdc solar project is slated for completion and opening by the end of 2021. Located on the Moapa River Indian Reservation, the Eagle Shadow Mountain project is anticipated to generate up to 400 new jobs during the 18-month construction period, with 10 full-time employees working at the plant upon completion.

Spotlight

Using solar energy can lead to reduced costs. No matter if you're a big or small businesses, the savings can have a significant impact. In addition to the power savings that lower operating costs, Return on Investment can be met in Under 5 years with the additional incentives offered at the state and federal level. The Federal Government still offers a 30% tax credit of the system cost, and additionally you can take advantage of MACRS Depreciation on the system which can result in another huge tax relief over 5 years. At the state level, the New Jersey SREC is a way to create a source of income for your system on top of energy savings and tax incentives.

Spotlight

Using solar energy can lead to reduced costs. No matter if you're a big or small businesses, the savings can have a significant impact. In addition to the power savings that lower operating costs, Return on Investment can be met in Under 5 years with the additional incentives offered at the state and federal level. The Federal Government still offers a 30% tax credit of the system cost, and additionally you can take advantage of MACRS Depreciation on the system which can result in another huge tax relief over 5 years. At the state level, the New Jersey SREC is a way to create a source of income for your system on top of energy savings and tax incentives.

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SOLAR+STORAGE

ConnectDER Partners with Nebraska Public Power and Omaha Public Power District to Provide Simple Solar Integration

ConnectDER | February 24, 2022

ConnectDER, the innovative company that enables utilities and homeowners to expand access to distributed energy resources(DERs), is launching availability of its Solar Collar for new residential solar installations in Nebraska. ConnectDER's simple, affordable meter collar can now be used in solar installations throughout Nebraska Public Power and Omaha Public Power District areas. The ConnectDER Solar Collar is a UL-Listed meter collar that enables rapid interconnection of grid-ready residential PV systems. The device creates a safe, standardized, low-cost alternative to traditional wiring methods for home installations. Nebraskans deserve simple, low-cost solar energy. They'll be joining us in building a future where clean distributed energy resources are a core component of a robust, reliable electric power system. Utilizing our Solar Collars will reduce the cost of installation, make interconnection safer, and enable more distributed clean energy resources on the grid." Whit Fulton, ConnectDER's CEO Nebraska has a lot of room for growth in solar – currently ranking 46th out of 50 states – but is projected to add nearly a gigawatt over the next five years. Overall national growth of DERs is astounding. A report by consultancy Wood Mackenzie forecasts that nationwide, 387 gigawatts of DER could be added to the power grid by 2025. But residential solar connection methods in use now are typically burdened with unnecessary costs like custom wiring, electric panel upgrades, and interior wall repairs. A recent report found that panel upgrades represent a $100 billion impediment to residential electrification and the energy transition. ConnectDER's meter collars mitigate the need for expensive electric panel upgrades, speed installation, and can improve a utility's ability to leverage DER's to meet carbon reduction objectives. About ConnectDER ConnectDER's mission is to make clean distributed resources the default source of power for the 21st century. ConnectDER's products are used by some of the largest electric power utilities and solar installers throughout the United States to simplify and accelerate the integration of distributed resources with the grid.

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SOLAR+STORAGE

Capital Dynamics Signs of a Long-Term 150MW Solar Energy Power Purchase Agreement (PPA) with Hoosier Energy

Capital Dynamics | February 23, 2021

Capital Dynamics CEI, the Clean Energy Infrastructure (CEI) business line of Capital Dynamics, a free worldwide private resource the board firm, and Hoosier Energy, an age and transmission helpful, today announced the marking of a drawn out Power Purchase Agreement (PPA). Under the conditions of the PPA, Hoosier Energy will buy 150-megawatts (MW) of the force created by the Ratts 2 Solar Project, a CEI-claimed greenfield solar task that is as of now being created in Knox County, Indiana. Arevon Energy Management and Tenaska are co-building up this task and were instrumental in getting and arranging the provisions of the PPA. Development is relied upon to start in 2022 with business activity foreseen in 2023. "Hoosier Energy's PPA with Capital Dynamics is an important step toward achieving our long-range plan of adding diverse projects to our energy portfolio that focus on lowering costs for our members and reducing our carbon footprint," said Hoosier Energy President and CEO Donna Walker. "We are extremely pleased that Knox County has been so supportive of the Ratts 2 Solar Project and are grateful for their partnership," said Martin Hahn, CEO of Capital Dynamics. "This project will bring jobs, tax revenue, landowner lease payments and a wide range of additional economic benefits to Knox County. We are looking forward to working with the county and the teams at Arevon Energy Management and Tenaska to bring affordable, clean energy to this community." "Arevon Energy Management was pleased to play an instrumental role in structuring this agreement so that Hoosier Energy can benefit from cost savings and achieve its carbon emissions reduction goal," said Tiago Sabino Dias, President and CEO of Arevon Energy Management. "Hoosier Energy has been a long-time partner and we applaud their efforts to improve their generation mix that will offer energy savings and reliability to their members." "It's gratifying to see utilities like Hoosier Energy realize the environmental and cost benefits of renewables and take swift action to add more renewables to their generation mix," said Steve Johnson, senior vice president in Tenaska's Strategic Development & Acquisitions Group. "The Tenaska Solar Ventures team looks forward to working with Capital Dynamics to complete development and bring this project to fruition." The Knox County Council collectively affirmed the financial improvement arrangement for the Ratts 2 Solar Project In October 2020. The area likewise settled a solar mandate to direct certain specialized parts of the venture. Under the arrangement, the task will pay $2.5 million in financial improvement installments to Knox County over a six-year time span. Ratts 2 is required to contribute an expected $16 million in expense income over the task life. As indicated by a financial examination led by Gnarly Tree Sustainability Institute, the Ratts 2 Solar Project is assessed to contribute $20.9 million to the Knox County Gross Domestic Product (GDP) during development and $941,000 yearly once the solar venture is operational. It will bring 188 full-time development occupations, all day tasks and upkeep work, and yearly uses on merchandise in overabundance of $363,000 over the venture's normal 35-year life expectancy. The venture will likewise pay an expected $1 million rent installments every year to neighborhood landowners. About Capital Dynamics Capital Dynamics is an independent global asset management firm focusing on private assets including private equity, private credit and clean energy infrastructure. Capital Dynamics' Clean Energy Infrastructure is one of the largest renewable energy investment managers in the world with USD 6.6 billion AUM1 and has one of the longest track records in the industry. The CEI strategy was established to capture attractive investment opportunities in the largest and fastest-growing sector of global infrastructure – proven renewable energy technologies, primarily in North America and Europe, across solar, onshore wind, energy storage and related infrastructure with a focus on both utility-scale and distributed generation technologies. The CEI platform's fully-integrated asset management affiliate provides highly-specialized services to ensure optimal performance and value from projects.

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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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