Duke Energy's Green Source Advantage continues solar expansion in North Carolina

Duke Energy | September 16, 2020

Duke University has become the first academic institution to execute a renewable power agreement under Duke Energy's Green Source Advantage (GSA) program – further expanding solar energy in North Carolina. Duke University will purchase about 101 megawatts (MW) of solar capacity from three solar facilities in North Carolina. The power generated will partially offset the university's energy usage. "The Green Source Advantage is an ideal fit for colleges and universities seeking to advance their renewable energy and sustainability goals," said Stephen De May, Duke Energy's North Carolina president. "The innovative program's flexibility allows for a major expansion of renewable energy in North Carolina."

Spotlight

Historically the solar market in East Africa has been dominated by donor-led projects aimed at increasing the poor’s access to electricity as industry executives await the firming up of official government programmes. Yet with the intermittent nature of power in the region, coupled with escalating diesel costs - immediate and compelling business opportunities for the solar sector are on the rise.


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ENERGY

SEA Electric Continues Push into Zero-Emissions School Buses

SEA Electric | March 15, 2022

The global leader in e-Mobility technology, SEA Electric, continues the push into the zero-emissions school bus space with the piloting of a Blue Bird Type C schoolbus powered by a SEA-Drive(R) 120b power-system. The pure battery-electric Type C model can accommodate up to 84 passengers, offering school bus fleets with market-leading performance and value for money. The technology underpinning the platform has been proven with more than 1.5 million miles of real-world telematics data, demonstrating SEA Electric to be a dependable business partner. "More and more, schools are looking to the future with zero emissions school bus technology, reducing their carbon footprint while enhancing the air quality around their campuses and local areas," - Mike Menyhart, SEA Electric's President for the Americas and Chief Strategy Officer. "In the history of SEA Electric, we have already seen an incredible movement to switch to electric school bus technology, and we are proud to service the marketplace with the most cost-effective all-electric power system in the world. Outside of the sustainability factors, SEA Electric's systems provide lower maintenance and ongoing operating costs, with fuel eliminated and fewer moving parts lowering service expenses and downtime." At the heart of the model is the SEA-Drive(R) 120b power-system, which has found favor in a wide range of commercial vehicle applications across the globe. With a maximum power of 335hp and peak torque of 1,845lb-ft, the package has range of up to 150 miles between charges, more than enough for even the most demanding school bus route. "After driving this pilot vehicle myself and comparising to a diesel equivalent driven the same day, it became abundantly clear that this transition must occur in scale and soon," - CEO and Founder of SEA Electric, Tony Fairweather The battery solution has a 138kWh capacity and a projected life cycle of more than 10 years, at which time it is envisioned that the cells would be repurposed for continued use. Standard charging through the integrated onboard charger can be provided through Level 2, Single Phase (208/240 VAC) up to 19.2kW, while optional fast charging is achieved via standard CCS Type 1, Level 3, DC fast charging, at a rate of up to 100 kW. Notably, the system is also Vehicle-to-Grid (V2G) capable, paving the way for future power grid security and revenue opportunities. Supporting all SEA Electric products is a five-year battery warranty, with systems also backed by a three year or 50,000 mile warranty. About SEA Electric Global automotive technology company SEA Electric was founded in Australia in 2012, creating its proprietary electric power-system technology (known as SEA-Drive(R)) for the world's urban delivery and distribution fleets, as well as front powered school bus applications. Widely recognized as a market leader in the electrification of commercial vehicles on a global basis, SEA Electric commands a global presence, deploying product around the world including USA, Australia, New Zealand, Thailand, Indonesia, South Africa and throughout Europe, with collectively more than one million miles of independently OEM-tested and in-service international operation. Recently, SEA Electric's European base has been founded in England, with further operations being established in Italy, Spain, France and Germany to support the region. The company's global sales, after-sales and engineering are represented in all subsidiaries, whilst North America, home to the company's headquarters, has the largest upfitting capacity for SEA Electric at 60,000 units per year.

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ENERGY

Gen X Energy and ACE Enexor Agree to Jointly Develop LNG and Green Hydrogen Fueled Power Plant in the Philippines

Gen X Energy | January 18, 2022

Gen X Energy enters into a joint venture with ACE Enexor Inc., a subsidiary of AC Energy Corp., to develop Batangas Clean Energy, Inc.’s 1,100 MW combined cycle power plant project. The project will be capable of using natural gas and green hydrogen as its fuel to provide firm power to the grid to meet the Philippines’ growing energy demand and reduce the country's reliance on coal fired power generation. The joint venture will result in Gen X Energy and ACE Enexor each holding a 50% interest in BCE. We are excited about this opportunity to partner with ACE Enexor in the Philippines to meet the energy needs of the Philippines and facilitate the country’s transition to cleaner sustainable sources of energy.” Scott Kicker, Founder and Chief Executive Officer of Gen X Energy The project will be strategically located in the Batangas Bay Area of the Philippines, close to the load center of Metro Manila. Gen X Energy will continue holding a 50% interest in BCE through its wholly owned subsidiary Red Holdings B.V.

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SOLAR+STORAGE

Standard Solar Acquires 4.69 MW Solar + 4 MWh Storage Project from EDF Renewables, Forwards Massachusetts’ Renewable Portfolio Standard Goals

Standard Sola | February 24, 2022

The Massachusetts town of Plymouth and the Acton Water District will soon enjoy the clean energy and savings of solar power with an innovative 4.69 megawatt (MW) solar and 4 MWh storage project. Standard Solar acquired the project from developer EDF Renewables North America. The project received an award from the state’s Solar Massachusetts Renewable Targets (SMART) program, which provides incentives for solar and storage projects. Located in Acton, Massachusetts, on land owned by the Acton Water District, the Lawsbrook Solar + Storage project will allow the Town of Plymouth and Acton Water District to benefit from discounted power and lease revenues from the solar and storage system. The project will further the Commonwealth’s solar and energy storage goals by adding clean power to the bulk electrical system while supplementing the project with a battery to discharge clean power during on-peak evening hours, reducing the need for reliance on dirtier power sources during those times. The system is expected to generate 5,866 megawatt-hours of clean energy each year, enough to power 800 average Massachusetts’ homes and offset the carbon dioxide equivalent of burning 4.5 million pounds of coal. The project is built over the W.R. Grace Superfund Site and was awarded by way of an RFP to EDF Renewables in 2018. This project makes complimentary use of one of the District’s active groundwater well fields, which serves as part of the Town’s drinking water supply. The property hosting the project is previously disturbed land from gravel extraction and is encompassed by the larger W.R. Grace Superfund Site. Due to the various environmental sensitivities on the site, permitting the project entailed receiving approvals at various levels of the federal, state and local governments. Standard Solar is a leader in forwarding the clean energy movement throughout the nation. Adding this solar+storage project to our existing portfolio in Massachusetts underscores our rapid growth. It’s always significant when we connect with a great partner like EDF Renewables and acquire projects that are helping a town like Plymouth and the Acton Water District to capitalize on the multiple benefits of a solar and storage system. We look forward to adding many more projects like this to our portfolio in 2022 and beyond.” Eric Partyka, Director of Business Development, Standard Solar The Lawsbrook project is part of Standard Solar’s rapidly expanding portfolio in Massachusetts and the U.S. They currently own and maintain nearly 20 MW in Massachusetts and 280 MW of commercial and community solar projects throughout the United States. “The Acton Water Solar + Storage project is the first of two projects that EDF Renewables has had the privilege to partner with the Acton Water District on,” said Peter Bay, Associate Director, Business Development for EDF Renewables. “We are thrilled to see the project come to fruition, despite numerous permitting and interconnection challenges, and begin conveying benefits to the District and Town of Plymouth. The Acton Water District team have been fantastic partners on the project and have provided ample support in ensuring it’s a successful endeavor. We’re appreciative to have a reputable partner in Standard Solar as the long-term owner of the site.” “After a few years of hard work by all involved, we are extremely excited to have this renewable energy project coming online,” said Christ Allen District Manager, Acton Water District. “In the water supply industry, we keenly understand the impacts of global climate change, and the role that reliance on fossil fuels plays. We’re committed to do our part by lowering our carbon footprint, as water and wastewater treatment are very energy intensive processes. Partnering with EDF Renewables, such a knowledgeable, experienced company, has given us a great deal of peace of mind endeavoring into technology where we have no experience. It gives us a great deal of pride commissioning our first solar project and contributing to saving the climate.” The SMART Program was created in 2016 by the Massachusetts Department of Energy Resources and is a long-term sustainable solar incentive program designed to advance cost-effective solar development in the state. The new Lawsbrook solar and storage project will help the Commonwealth of Massachusetts reach its Renewable Energy Portfolio Standard as well as their recently codified 2030 and 2050 goals for a statewide clean energy economy. At the close of 2021, the Massachusetts Department of Public Utilities issued an order doubling the SMART program, extending the block incentive program to 3,200 MW of solar capacity. This move creates capacity for new projects and releases a bottleneck of stalled projects. About Standard Solar Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 17 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 280 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. About EDF Renewables North America EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distribution-scale power: solar and storage; asset optimization: technical, operational, and commercial expertise to maximize performance of generating projects, and onsite solutions, through the Company’s PowerFlex subsidiary, offering a full suite of onsite energy solutions for commercial and industrial customers: solar, storage, EV charging, energy management systems, and microgrids. EDF Renewables’ North American portfolio consists of 24 GW of developed projects and 13 GW under service contracts. EDF Renewables North America is a subsidiary of EDF Renewables, the dedicated renewable energy affiliate of the EDF Group.

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ENERGY

wpd to Sell Offshore Wind Business to Global Infrastructure Partners

wpd | May 06, 2022

Global Infrastructure Partners ("GIP"), a leading independent infrastructure investor, and wpd AG ("wpd"), a leading project developer and independent renewables power producer (IRPP) for onshore wind, offshore wind and solar, are pleased to announce that they have signed definitive agreements for GIP to acquire 100% of wpd offshore GmbH ("wpd offshore"), the offshore wind business of wpd. The transaction is subject to customary regulatory approvals. wpd offshore is a leading offshore wind platform with over 20 years of development experience, a track record of ~7 GW developed to date, and a presence in fourteen European and APAC markets. The wpd offshore team has capabilities across the entire offshore wind value chain, including greenfield development, engineering and design, procurement, financing and construction management. wpd offshore's portfolio includes: Interests in 5 operating and under construction projects in Germany, France and Taiwan >30 GW (gross) global and highly diversified offshore wind pipeline in various stages of development Post-closing, Achim Berge Olsen, current COO of wpd and responsible for its offshore wind business, will serve as CEO of the business acquired by GIP. "wpd was one of the early movers in the offshore wind market and the offshore unit prospered very well as part of wpd group. We have had an exciting and successful journey with the wpd offshore team and are delighted that GIP is taking a unique opportunity to unlock further potential with the plan to build up a global offshore wind player. wpd AG will further strengthen its onshore wind and solar activities in 30 countries in Europe, Asia, Chile and the US. Our operating wind and solar projects totaled 2,500 MW by end of 2021 and we will double this volume by 2024." -Björn Nullmeyer, the CFO of wpd About Global Infrastructure Partners GIP is a leading independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. GIP targets investments in the energy, transport, digital infrastructure, and water/waste sectors in both OECD and select emerging market countries. GIP's global renewables portfolio includes solar, wind, hydro, and battery storage assets representing 15 GW of operating generation capacity, royalty interests in over 19 GW of operating renewable projects, and over 120 GW assets under construction or in development. Headquartered in New York, GIP operates out of 10 offices: New York, London, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. GIP manages c. US $81 billion for its investors. GIP's portfolio companies have combined annual revenues of c. US $61 billion and employ c. 99,000 people. For more information, visit www.global-infra.com. About wpd wpd develops and operates onshore and offshore wind farms and solar parks and is actively engaged in 30 countries in Europe, Asia, Chile and the US with the head office in Bremen. The German company has already realized wind energy projects with an output of 5,620 MW and is planning further projects with a total of 13,900 MW wind onshore and 2,300 MWp solar energy.

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Spotlight

Historically the solar market in East Africa has been dominated by donor-led projects aimed at increasing the poor’s access to electricity as industry executives await the firming up of official government programmes. Yet with the intermittent nature of power in the region, coupled with escalating diesel costs - immediate and compelling business opportunities for the solar sector are on the rise.

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