AEP Energy | September 11, 2020
AEP Energy Partners (AEPEP), a subsidiary of American Electric Power Company (Nasdaq: AEP), is seeking proposals for off-take from new solar and new wind facilities located in Ohio and ERCOT. For the Ohio sited projects, the company is seeking renewable energy purchase agreements of 10, 12 or 15 years for solar or wind facilities that begin operation between 2021 and 2023. For the ERCOT sited projects, the company is seeking renewable energy purchase agreements of 12 years or less for solar facilities that begin operation between 2021 and 2023. Proposals with alternative terms will be accepted. Accepted bids will be at AEPEP's discretion.
Ameresco | February 03, 2021
Ameresco and Wells Fargo announced a collaboration to create and introduce around 30 MW of new, on location solar generation resources at corporate and retail stores in seven states. The almost 100 solar PV clusters are a mix of roof and ground-mount frameworks at Wells Fargo retail and regulatory areas in Arizona, California, Connecticut, Iowa, New Jersey, North Carolina and Texas. Development on the frameworks will start in April and go into 2022.
Wells Fargo has been meeting 100% of its worldwide power prerequisites with sustainable power since 2017, at first through the acquisition of Renewable Energy Certificates (RECs). The present declaration is important for the association's endeavors to progress to long haul arrangements that help the improvement of net-new wellsprings of sustainable power in areas where its energy needs are the best. Notwithstanding helping Wells Fargo meet its ecological objectives, the system conveys local area benefits like occupation creation, charge income and network flexibility in areas where its clients and representatives reside and work.
Wells Fargo appointed this unpredictable and imaginative undertaking, and Ameresco arose the favored partner because of its showed capacity to convey a wide extent of administrations across various task types, areas and administrative structures.
The roughly 30 MW of on location solar to be built under the arrangement announced today runs in size from a 6-kW housetop exhibit on a branch in Connecticut to a 6.5-MW garage and roof framework at Wells Fargo's Chandler AZ grounds. Other bigger tasks incorporate a 5.5-MW blend housetop/ground-mount framework to serve a managerial property in San Antonio, Texas, and an almost 2-MW ground mount framework nearby a Wells Fargo grounds in Des Moines, Iowa, that will incorporate in excess of six sections of land of pollinator gardens, adding to the general manageability effect of the venture locally.
“Wells Fargo aims to meet its energy goals in a way that curbs climate change,” said Nate Hurst, head of Social Impact and Sustainability for Wells Fargo. “We believe you can protect the planet and grow the economy at the same time. By significantly expanding our onsite solar generation, we are delivering impact at the local level and helping to accelerating a just transition to a low-carbon future.”
Ameresco worked in association with environmentally friendly power warning firm, CustomerFirst Renewables, likewise a merchant of Wells Fargo, to design and build up the solar energy frameworks.
“We commend the initiative taken by Wells Fargo to lead by example in the various communities they serve across the country,” said Bob Georgeoff, VP of Ameresco. “We are proud of the partnership with Wells Fargo to date and look forward to exploring future opportunities that will further their position as a corporate leader in the area of environmental sustainability.”
ReneSola Power | December 29, 2021
ReneSola Ltd., a leading fully integrated solar project developer, announced that it entered an agreement to sell a 12MWp portfolio of projects in Spain. The portfolio consists of two ground-mounted projects located in the municipality of Caravaca de la Cruz in the southern region of Murcia. The sale will be consummated at the "ready-to-build" stage, which is planned for early 2022.
The Caravaca Project is the most advanced project in ReneSola Power's over 300 MW pipeline of projects at different development stages in Spain.
The transaction is structured as a share purchase agreement with the aream Group ("aream"), a successful international solar investment company headquartered in Düsseldorf, Germany. The Caravaca Project is being developed by ReneSola Power and a partner; and the Project is owned by a special purpose vehicle ("SPV") which in turn is jointly owned by ReneSola Power and its partner. In this agreement, aream will purchase the Company's ownership position in the SPV.
ReneSola Power is a prestigious global solar project developer doing excellent work in Europe. This new partnership enabled ReneSola Power to contribute to our non-profit PowerOneForOne Foundation that supports selected rural electrification projects in developing countries. We are excited to grow our portfolio exposure to solar energy by adding the Caravaca Project in Spain. This is a high quality project that will offer us attractive returns over the life of the installation. This transaction can definitely serve as a role model for further joint transactions."
Mr. Patrick Lemcke-Braselmann, Managing Director of aream
Ms. Chloé Durieux, Country Director for Spain and France at ReneSola Power, noted, "We are thrilled to sell our first project in Spain to an international investor. This achievement is the first of many we expect from our effort to build our Spanish presence over the past couple of years."
Mr. Josef Kastner, CEO of ReneSola Power European Region, said, "We are excited to partner with aream, and look forward to future collaboration. I am proud of our team's achievement and appreciate the support of our M&A advisor Capcora."
Capcora, a German consulting company, acted as M&A advisor to ReneSola Power in this transaction.
About ReneSola Power
ReneSola Power is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company's strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York.
The aream Group is a fully integrated investment and asset manager for institutional investors with a focus on sustainable infrastructure in the renewable energy sector, which includes wind and solar power, grids and storage technology. In this context, aream is represented along the entire value chain from project development to plant operation. With a transaction volume of more than EUR 1.5 billion, the company has been covering the entire spectrum of asset management services for over 15 years and ensures the commercial and technical optimization of the assets. In addition to classic project investments in clean energy, aream also offers investment opportunities in climate-tech companies: directly or via private equity solutions. aream combines investment expertise with technical and commercial know-how and ensures sustainable performance with stable distributions, returns and value growth through a structured investment and risk management process.
Capcora is a consulting firm, specialized on real assets. Capcora procures equity, mezzanine and debt financing for energy and infrastructure projects, real estate, and medium sized companies. The focus is especially on mezzanine financing for the recapitalization of tied-up liquidity in operating assets as well as for bridge financing of developments and construction measures in the area of renewable energies (photovoltaics, onshore wind) and real estate through alternative financing sources.