Colorado approves bill putting Tri-State under PUC as members flee to renewables

Utility Dive | May 07, 2019

Colorado legislators on Friday passed a comprehensive utility bill that subjects Tri-State Generation and Transmission​ (G&T) to the Public Utilities Commission's rulemaking and codifies Xcel Energy's clean energy plans, among other things. Tri-State has faced scrutiny for its generation portfolio in the past year — the company supplies power to 43 rural electric cooperatives and some of those members have asked regulators to exit their supplier, seeking cheaper, cleaner power. SB 19-236 would increase oversight of the company's integrated resource plan, which was not previously subject to PUC rulemaking. Approximately half of Tri-State's generation comes from coal and an August report from the Rocky Mountain Institute found the utility's 1 million customers could save $600 million through 2030 by shifting toward renewables. "As Tri-State transitions to our vision of a 21st century G&T, reliability and affordability remain our focus, and we will be member-driven, increasingly flexible and increasingly clean," Duane Highley, Tri-State CEO, said in a statement responding to the bill.

Spotlight

For many years, substantial support for deployment of wind- and solar power technologies has been a key element of renewable energy policy. In combination with public support for R&D and production facilities, this resulted in steep cost reductions for technologies like wind and solar power.

Spotlight

For many years, substantial support for deployment of wind- and solar power technologies has been a key element of renewable energy policy. In combination with public support for R&D and production facilities, this resulted in steep cost reductions for technologies like wind and solar power.

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ENERGY

Atlantica Introduces an Agreement with Algonquin to Acquire a 20 MW Solar Asset in Colombia

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.

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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

Longroad Energy Holdings Picksup 900 MWdc Solar and 1-2 GWh Storage from First Solar

Longroad Energy | February 16, 2021

Longroad Energy Holdings (Longroad), a US-based renewable energy engineer, proprietor, and administrator, announced today the marking of the procurement of Sun Streams 2, 4, and 5, which absolute around 900 MWdc altogether solar limit in addition to the potential for 1-2 GWh of battery stockpiling. Longroad likewise shut the procurement of Sun Streams 2. The end of Sun Streams 4 and 5 is dependent upon administrative endorsements and standard shutting conditions. The activities were bought from First Solar, Inc. (Nasdaq: FSLR). Longroad will likewise control its Sun Streams portfolio with First Solar's capably created solar innovation and has executed buy arrangements for 900 MWdc of Series 6 modules, of which 700 MWdc address new appointments for First Solar. Sun Streams 2 is being developed by McCarthy Building Companies and is relied upon to be operational in June 2021. Sun Streams 2 energy creation is sold under a drawn out agreement. Sun Streams 4 and 5 are improvement projects with target operational dates of 2022 and 2024, separately. The two activities are as of now uncontracted and remarkably situated to oblige an assortment of offtake structures, with or without capacity. "Arizona is an important location for Longroad as we seek to bring competitive renewable projects to power buyers in the Western U.S.," said Paul Gaynor, CEO of Longroad Energy. "The Sun Streams complex is ideally positioned. It is adjacent to one of the most significant power hubs in the desert Southwest and California, the solar resource is excellent, and we have multiple transmission options with direct access to CAISO and the Southwest markets. We also have the ability to include a significant amount of energy storage capacity to make the assets even more competitive. We look forward to bringing the rest of the Sun Streams complex to fruition." The Sun Streams acquisitions expand on a developing presence in Arizona for Longroad, which as of now possesses working solar undertakings in the state just as a current improvement portfolio. Longroad has dispatched the beginning exertion for the Sun Streams 4 and 5 activities. About Longroad Energy Holdings, LLC Longroad Energy Holdings, LLC is focused on renewable energy project development, operating assets, and services. Today, Longroad owns 1.6 GW of operational and under construction wind and solar projects across the United States. Its services affiliate, Longroad Energy Services, operates and manages 3.0 GW in total comprised of these projects plus 1.4 GW of wind and solar projects on behalf of third parties. Longroad is owned by the New Zealand Superannuation Fund, Infratil Limited, and Longroad's management team.

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