Nexamp | March 08, 2021
Nexamp, Inc., a main renewable energy generator and local area solar supplier, has shut a $440 million senior got credit office for a 380-megawatt portfolio of solar and energy stockpiling resources, the biggest debt financing of its sort. The assorted portfolio traverses five state markets and comprises of almost 100 local area solar tasks, including energy stockpiling limit adding up to 120MWh. MUFG Union Bank, N.A. filled in as the Coordinating Lead Arranger for the partnered financing, which included support from a far reaching gathering of market-driving loan specialists.
Nexamp has arisen as the biggest proprietor administrator of local area solar resources across the area's quickest developing business sectors, and this financing mirrors the organization's situation as a market chief with a demonstrated history of renewable energy financing and resource arrangement. Evenhanded admittance to clean energy is a sign of Nexamp's main goal; this declaration insists the accomplishment of the organization's imaginative local area solar stage that makes solar a possibility for anybody, with no credit checks for people, no direct charges, nothing to introduce and no drawn out responsibility.
"The strong lender interest in response to this portfolio demonstrates the momentum behind the renewable energy industry and is a clear validation of Nexamp's approach," noted Peter Tawczynski, Chief Financial Officer, Nexamp. "We have built the most progressive and accessible community solar model available today, removing many of the traditional barriers and making it simple for customers to partner with Nexamp. As we bolster our solar portfolio with energy storage solutions, we look forward to launching new products in more geographies and delivering savings to our expanding customer base."
The financing course of action, joined with Nexamp's extraordinarily coordinated plan of action, positions the organization for quickened development in the coming year. Nexamp creates, gets, assembles, claims and works its solar and capacity projects, while getting and dealing with a quickly developing client endorser base of in excess of 25,000 homes and organizations. With almost 300 new solar and capacity projects in the pipeline, this financing perceives Nexamp's unparalleled ability to make clean energy open rapidly to more networks.
"Nexamp aims to help our customers and partners accelerate their decarbonization journey. Our community solar platform is an increasingly important part of that process for many, combining meaningful cost savings with a simple way to contribute to the clean energy revolution," said Nexamp CEO Zaid Ashai. "This financing enables Nexamp to double down on our own urgent mission to deliver sustainable energy options for our customers in an equitable manner."
"Distributed power generation—and community solar in particular—is a growing segment of the renewable energy market that plays a vital role in reducing carbon emissions with the participation of a wide range of community members, and Nexamp is a reputable market leader in this field," says Takaki Sakai, Managing Director of MUFG's Project Finance team that led the financing. "MUFG is honored to help Nexamp advance its continued growth through the successful closing of this landmark debt financing—one of the largest to have been provided to a community solar portfolio—and we look forward to continuing our strong partnership."
Nexamp is leading the transformation to the new energy economy with proven solar and storage solutions that make clean energy more accessible. Our comprehensive solar and energy storage capabilities—including project development and acquisition, design, construction, and operations—make it possible to extend clean energy savings and benefits to more customers. Nexamp's industry-leading community solar platform makes solar an option for anyone, providing guaranteed savings on their annual electricity costs. With more than 300 MW of renewable energy generating assets currently in operation, we are building a decarbonized energy future.
Wallbox | April 26, 2021
Wallbox and Iberdrola have signed a long-term on-site Power Purchase Agreement (PPA) to produce, use, and reuse 100% of the renewable energy generated at its Zona Franca plant and offices in Barcelona.
Iberdrola's investment in the photovoltaic installation would enable Wallbox to save money on green energy production and usage from the start. In this way, the energy provider emphasizes renewables' sustainability through bilateral contracts that encourage energy production at competitive and stable rates with broad customers dedicated to sustainable consumption. Wallbox will achieve its target of operating in these facilities with energy autonomy while still reducing its carbon footprint, placing it at the forefront of efficient energy management by focusing primarily on solar energy.
The Wallbox factory in Barcelona's Zona Franca will be outfitted with photovoltaic solar panels that will generate 1,500 MWh/year for self-consumption of these facilities and offices, which is equal to the consumption of 500 households. Installation at the offices will begin at the end of April and will be finished by the end of June, enabling the photovoltaic system to be operational at the start of the second half of the year.
Wallbox is a leading energy management firm that develops intelligent charging solutions for electric cars. Wallbox builds a smart ecosystem that transforms the way we manage, consume, and store energy by combining cutting-edge technologies with excellent design. Wallbox, which was established in 2015 and has its headquarters in Barcelona, has the goal of facilitating the use of electric cars today to enable more efficient use of energy tomorrow.
Wallbox's technology, which envisions an environment free of fossil fuels, allows people to create, use, and exchange renewable energy in ways they never considered possible. Wallbox now exports to over 60 countries and employs 400 people in offices across Europe, Asia, and the Americas, as well as two of its factories. Wallbox provides four chargers, including Quasar, the world's first bi-directional home charger with innovative bi-directional charging technology, which received the top award at CES, the world's leading industrial technology show.
TechnipFMC | April 06, 2021
TechnipFMC and Bombora have formed a strategic alliance to build a floating wave and wind power project.
TechnipFMC's technologies and experience delivering integrated engineering, procurement, construction, and installation projects offshore will be combined with Bombora's patented multi-megawatt mWave wave energy technology.
The collaboration will initially concentrate on TechnipFMC and Bombora's InSpire (integrated semi-submersible platform with advanced renewable energy) project, which commenced engineering work in November 2020.
The hybrid system demonstrator will provide 6MW of combined floating wind and wave energy, followed by commercial platforms in series one and series two, which are expected to provide 12MW and 18MW, respectively.
“Our key competencies and integration capabilities make us a perfect project architect and collaborator in designing clean energy technologies alongside Bombora's expertise and unique, proprietary mWave technology,” said TechnipFMC president subsea Jonathan Landes.
“We are pleased to be working on a project that advances our environmental commitment while still contributing to a more prosperous future.”
“Bombora is partnering with TechnipFMC to accelerate development of our floating integrated mWave platform solutions for commercial wind farms,” said Bombora managing director Sam Leighton.
“With TechnipFMC's impressive track record of executing large-scale energy ventures and Bombora's revolutionary mWave technology, we are sure that InSpire will play a key role in the offshore energy sector.”