Crossboundary Energy Access to receive US $11bn solar mini-grids fund

Crossboundary Energy Access | February 14, 2019

Crossboundary Energy Access (CBEA), Africa’s first project financing facilities for mini-grids, is set to receive a whopping US $11bn from investors to bring electricity to at least 100 million people on the continent. Gabriel Davies, Head of energy access at Crossboundary confirmed the reports and said the new financing facility attracted US $16m in its first close which was enough to fund mini-grids that could connect 170,000 people, according to the organization.

Spotlight

The European Commission wants the EU to be leading in the clean energy transition. Therefore, the EU has committed to cut CO2 emissions by at least 40 per cent by 2030 while modernising the EU's economy and creating jobs and growth for European citizens. In doing so, the Commission is guided by three main goals: Putting energy efficiency first, achieving global leadership in renewable energies and providing a fair deal for consumers.

Spotlight

The European Commission wants the EU to be leading in the clean energy transition. Therefore, the EU has committed to cut CO2 emissions by at least 40 per cent by 2030 while modernising the EU's economy and creating jobs and growth for European citizens. In doing so, the Commission is guided by three main goals: Putting energy efficiency first, achieving global leadership in renewable energies and providing a fair deal for consumers.

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SOLAR+STORAGE

Tri Global Energy and Leeward Renewable Energy Finalize Deal for Indiana Renewable Energy Projects

Tri Global Energy | June 03, 2021

Tri Global Energy, a leading originator, and developer of utility-scale renewable energy projects, has announced an agreement to sell two renewable energy projects – a wind and a solar project -- in Blackford County, Indiana, to leeward Renewable Energy, a premier owner/operator with a portfolio of approximately 2,000 MW of generating capacity from renewable sources. Both projects were originated by Tri Global Energy (TGE) in 2019. Blackford Wind will deliver up to 200 MW, and Blackford Solar will be qualified for up to 150 MW. The projects combined are expected to produce enough energy to power more than 80,000 homes. TGE and Leeward Renewable Energy will work with the county, state, and federal authorities to secure the requisite permits and bring the two projects into construction, with operations projected to commence as early as 2023. This is the second deal between Tri Global Energy and Leeward Renewable Energy. The two companies announced a transaction involving two of Tri Global Energy's original Indiana projects in White County (180 MW Hoosier Line Wind and 400 MW Honey Creek Solar) in April. Great Bay Renewables, a joint venture company between certain funds managed by affiliates of Apollo Global Management, Inc. and Altius Renewable Royalties Corp., is providing royalty financing in support of Tri Global Energy, completing and funding this project development through the start of construction. About Tri Global Energy We are developers of sustainable energy. Tri Global Energy's mission is to enhance communities through local economic development generated by originating and commercializing renewable energy and storage projects. The company currently designs and develops utility-scale wind, solar, and energy storage projects in Texas, Nebraska, Illinois, Indiana, Pennsylvania, and Virginia. Tri Global Energy's headquarters is in Dallas with regional development offices in Lubbock, Texas; El Paso and Forreston, Illinois; and Reynolds and Hartford City, Indiana. About Leeward Renewable Energy, LLC Leeward Renewable Energy is a leading renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S., with 17 gigawatts under development spanning over 100 projects. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada's largest defined benefit pension plans with C$105 billion in net assets.

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ENERGY

Emerson Assists Alaska's Largest Wind Farm In Providing Dependable, Affordable Clean Energy

Emerson | August 10, 2021

Emerson recently revealed the conclusion of a digitalisation project at Golden Valley Electric Association's (GVEA) Eva Creek wind farm to boost the reliability of sustainable energy generation. The project will help to improve the management of Alaska's largest wind farm. Because of the region's harsh weather, rural Alaskan towns are on the front lines of climate change. GVEA, the major electric company serving northern Alaska, and its Eva Creek wind farm provide almost 25MW of reliable, low-cost electricity to customers while reducing the use of fossil fuels. Emerson's sustainable grid solutions provided quick results, enhancing the reliability of GVEA's wind turbines and leading to a 65 percent decrease in operations and maintenance expenses. “Emerson is an important partner in our aim of expanding access to sustainable energy for our clients in northern Alaska,” said Frank Perkins, GVEA vice president of power supply. “Our investment in a shared automation platform enables us to more efficiently utilise renewable energy while reducing our carbon footprint.” Emerson's solutions simplify wind farm management and enable more accurate equipment diagnostics and analytics for prediction and dispatch. Emerson's OvationTM automation platform and OSI monarchTM software are used throughout the solution to professionally assist utilities in achieving a more resilient, responsible, and smarter power grid. “With improved exposure into Eva Creek operations, GVEA can further ensure the proper functioning of this essential source of renewable energy for northern Alaska,” said Bob Yeager, president of Emerson's power and water solutions group. “With Emerson's full range of sustainable grid solutions, GVEA is well positioned to optimise operations throughout the entire power system, from generation to metre,” says the company. According to Omdia, Emerson is the largest producer of distributed control systems for the global power generation business. About Emerson Emerson, based in St. Louis, Missouri (USA), is a global technology and engineering firm that provides creative solutions to customers in the industrial, commercial, and residential markets. Our Automation Solutions division assists process, hybrid, and discrete manufacturers in increasing output, protecting employees and the environment, and lowering energy and operating costs. Our Commercial and Residential Solutions division contributes to human comfort and health, food quality and safety, energy efficiency, and the development of sustainable infrastructure.

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SOLAR+STORAGE

Pivot Energy partners with Clean Footprint to bring 42 megawatts of solar energy, economic development, and jobs to towns throughout Virginia

Pivot Energy | October 21, 2021

Pivot Energy and Clean Footprint are pleased to announce their partnership to bring 42 megawatts (MW) of solar energy capacity to 11 projects across Virginia. The projects are expected to serve households, municipal buildings, and local businesses with clean, renewable electricity for many years to come. While Virginia may rank 11th nationally in terms of installed solar capacity, growth has largely come from utility-scale projects across the state. However, the Virginia Clean Economy Act, which passed the legislature in March 2020, will jump-start over 16 gigawatts of new solar development, including new distributed generation and community solar. The neighboring towns of Hurt and Altavista are among the first in the state to experience direct benefits of new solar development through the partnership between Pivot Energy and Clean Footprint as they will host the initial eight solar projects. Local leaders in both communities eagerly anticipate the wide range of possibilities renewable energy will bring to their communities, including new jobs and guaranteed land lease revenue for decades to come. "We are very excited about these upcoming solar projects as they are the first step toward the Town of Hurt going completely green. We are confident that becoming a green community will attract a lot of businesses, especially those in the tech industry since they are typically interested in supporting clean energy," said Hurt's mayor Gary Hodnett. Altavista will also reap the benefits of solar energy in their community. Not only will the projects provide clean, renewable energy to businesses and households, they will also provide local landowners with stable monthly income for hosting projects on unused portions of their land. "I'm glad that our land can go toward a good cause. I know we have some environmental problems, and the idea of supplying clean energy to the town of Altavista intrigues me," said local Altavista landowner, farmer, and Vietnam veteran Ralph English. Pivot Energy and Clean Footprint are thrilled to collaborate on bringing the benefits of solar energy, resiliency planning, economic development, and jobs to these communities. Clean Footprint is leading early-stage development of the solar projects while Pivot Energy will finance, own, and operate the portfolio over the long term. "Pivot Energy is a well-respected B-Corporation that was founded on strong commitments to both people and the planet. Their values align very closely with ours, which makes them the perfect partner for us to work with, especially in community-oriented towns like Hurt and Altavista that also stand to benefit tremendously from the economic impact of solar energy." John Porter, Clean Footprint CEO "Clean Footprint's leadership consistently delivers on doing the right thing and making a positive economic and environmental impact. They prioritize the needs of the local community and put personal relationships front and center, while also continuing to drive the development of more renewable energy. The natural synergies between Pivot Energy and Clean Footprint makes projects like these really special," said Pivot Energy's Vice President of Strategic Partnerships, Matt Preskenis. Both Clean Footprint and Pivot Energy see the Hurt and Altavista projects as an important start to a lasting partnership that has the potential to bring tremendous value to additional towns across Virginia and the broader Mid-Atlantic. About Pivot Energy Pivot Energy is a national solar provider that develops, finances, builds, owns, and manages solar and storage energy projects. Pivot offers a distributed energy platform that includes a range of services and software aimed at serving the full solar ecosystem. Pivot operates on a triple bottom line basis, measuring success by the positive impact on people, the planet, and profit. About Clean Footprint Through the extensive background of our management team, Clean Footprint has positioned itself as a leader in the origination and development of solar projects. Our Team, their collective experience, and years of industry knowledge enables Clean Footprint to offer our financial partners solutions that are reliable, cost effective, and sustainable.

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