PRODUCTS

Enlight to Acquire 525 MW Portfolio of Solar and Wind Projects in Croatia

Enlight Renewable Energy | July 07, 2022 | Read time : 01:57 min

Enlight to Acquire 525 MW Portfolio
Enlight Renewable Energy (TASE: ENLT) has signed an agreement for the acquisition and joint development of a 525 MW portfolio of renewable energy projects in Croatia, across various stages of development. The portfolio comprises five projects, four of which are solar, totaling 386 MW and one of which is wind, totaling 139 MW. Enlight projects that the projects will commence construction from the end of 2023 through 2025, subject to the successful completion of the development phase for each project.The portfolio is one of the largest and most advanced portfolios of renewable energy projects in Croatia, and will enable Enlight to diversify its activity in Croatia to include significant solar projects, alongside its existing operational high-quality Lukovac wind project. As a member of the European Union, Croatia has adopted a far-reaching National Energy and Climate Plan (NECP) to increase the generation of electricity from renewable sources from 28% to over 36% by 2030 and 66% by 2050. Croatia benefits from one of the strongest solar resources in Europe and untapping the potential of its solar resources will be key to achieving the country's 2030 and 2050 renewable targets.

The acquisition also reinforces Enlight's already strong presence across Central and Eastern Europe, where the Company owns a 1.2 GW portfolio of renewable energy projects between Hungary, Kosovo, Serbia and Croatia, including 316 MW of operational projects.

Enlight Renewable Energy
founded in 2008 and traded on the Tel Aviv 125 Index is 98% publicly held. It is among the Israeli leaders in initiation, development, funding, construction and operation of ventures for generation of clean electricity from renewable energy sources. The company operates in Israel and Europe, benefits from a diverse portfolio of revenue-generating projects that are under construction, leading up to construction and with a signed agreement for the sale of electricity (PPA) with an output of approximately 3,800 MW, approximately 1, 200 MW in advanced development stages and an additional approximately 12,200 MW in various stages of development. The company has a growing revenue pipeline from long-term agreements for the sale of electricity and is also working to expand its footprint in additional clean energy markets and segments.

Spotlight

We reached out to homeowners across the country to gauge whether they would support a nationwide solar energy mandate similar to California's. Here's what we found out. We reached out to homeowners across the country to gauge whether they would support a nationwide solar energy mandate similar to California's. Here's what we found out.


Other News
INDUSTRY UPDATES

Capstone Green Energy to Provide Low Emission Microturbine System to Major Global Oil & Gas Company in Malaysia

Capstone Green Energy Corporation | August 02, 2022

Capstone Green Energy Corporation's (NASDAQ: CGRN) distributor in Malaysia and Brunei, Sekito, has secured an order for a 200 kW microturbine-based system for an oil and gas application owned by a major global oil and gas company.Because low emission microturbine-based systems have such minimal maintenance needs, they are an ideal fit for unmanned applications like this one, especially where control and monitoring must be done remotely," said Darren Jamison, Chief Executive Officer of Capstone Green Energy. The reliability, efficiency, and ultra-low emissions of the Capstone Green Energy technology are incredibly compelling in these types of remote or offshore applications. The new system will feature one ATEX-certified Capstone C200S microturbine. Providing prime power for an offshore wellhead platform in Sarawak, Malaysia, this retrofit system will replace an obsolete Calnetix Power Solutions TA100 microturbine currently at the site. It will use high-pressure natural gas (HPNG) from the platform wellhead as a fuel source. It is expected to be commissioned in March 2023. This is a repeat order for the customer who purchased Capstone units for some of its other remote oil production platforms. Beyond being satisfied with the microturbine's performance, the customer values the technology for its low maintenance requirements compared and low greenhouse gas emissions. "Sekito has become the choice power generation service provider for many oil and gas customers in the region. We provide them with highly efficient energy solutions as well as ongoing maintenance services. We also offer remote monitoring and control along with smart predictive AI that anticipates site needs, Because Capstone's microturbine technology uses an air bearing system, it can eliminate maintenance costs and increase the system's reliability. Microturbines also produce minimal greenhouse gas emissions, so they are an environmental solution that will benefit future generations," Mohd Azam, Managing Director of Sekito About Sekito Sekito was established to fulfill the demand for power generation and control solutions for major industries, especially in the oil and gas sector. Sekito’s core business of power generation solutions utilizes Capstone microturbines, which are primarily used in oil and gas applications for unstaffed platforms to deliver continuous power using the wellhead gas supply. Sekito’s other lines of business include, but are not limited to, Electrical Panel and System Integration Services for all Low-Voltage Panel Ratings. Sekito’s range of services includes design, fabrication, installation, commissioning, testing, and maintenance. About Capstone Green Energy Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems. For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated to be approximately $698 million in energy savings and approximately 1,115,100 tons of carbon savings.

Read More

STRATEGY AND BEST PRACTICES,ENERGY

Azure Power ties up with Siemens Gamesa for Supply of Onshore Wind Turbines

Azure Power | August 16, 2022

Azure Power Global Limited (NYSE: AZRE) ("Azure" or "the Company"), a leading independent sustainable energy solutions provider and renewable power producer in India, today announced that it has signed a Master Supply Agreement ("MSA") with Siemens Gamesa Renewable Power Private Limited ("Siemens Gamesa"), a global leader in wind technology. Siemens Gamesa will supply 96 units of SG 3.6-145 onshore wind turbines which will cater to an overall capacity of ~346 MW wind projects. The turbine supply is expected to commence during Q2 CY 2023. Speaking on the partnership, Harsh Shah, CEO, Azure Power said, We are pleased to partner with Siemens Gamesa in our first wind project. Wind energy is going to be an imperative element for delivering firm, reliable and clean energy to achieve the energy transition vision of the country. This partnership will create long-term supply visibility while securing sustainable value for our stakeholders. "We are delighted to begin this new partnership with Azure Power on this large-scale project using our latest India focused technology. The contract provides new impetus to the wind industry at a key juncture in the country's energy transition. Teams from both companies have worked relentlessly over the last few months to secure maximum value for the project. With this new joint approach, alongside our technological innovation, we are confident of delivering the right renewable energy solutions to the market." -Navin Dewaji, CEO, Siemens Gamesa-India About Azure Power Azure Power is a leading independent sustainable energy solutions provider, and renewable power producer in India on a mission to create value for all stakeholders through high-performance Renewable Energy assets. We developed India's first utility scale solar project in 2009 and since then, Azure Power has grown rapidly to become a leader in developing and operating large utility-scale renewable energy projects in the country. We also partner with commercial and industrial customers in their decarbonization journey by providing comprehensive solutions for their clean energy needs.

Read More

ENERGY

CLEAN ENERGY SYSTEMS ENTERS INTO AN AGREEMENT TO ACQUIRE THE MADERA BIOMASS POWER PLANT

Clean Energy Systems, Inc. | July 15, 2022

Clean Energy Systems, Inc. (CES) announced that it entered into an agreement to acquire the idled Madera Biomass Power Plant (located in Madera County, California). CES intends to convert the existing facility into a Biomass Carbon Removal and Storage (BiCRS) Facility. "We are excited for the opportunity to expand our efforts to address the challenges of climate change, improve air quality in the Central Valley and make a vital contribution to the local economy by converting an idled biomass plant into a BiCRS facility, We look forward to engaging and working with all neighboring landowners and other stakeholders as we progress this critical project in the coming months." -Keith Pronske, CES' President and CEO The facility, once converted into a BiCRS facility, will convert agricultural waste biomass from local farms, into a renewable synthesis gas that will be mixed with oxygen in a combustor to generate electricity and/or hydrogen. More than 99% of the carbon from the process is expected to be captured for permanent storage by safely injecting carbon dioxide (CO2) underground into nearby deep geologic formations. By using biomass fuel that consumes CO2 over its lifetime to produce energy and then safely and permanently storing the produced CO2, the process is designed to result in net-negative carbon emissions, effectively removing greenhouse gas from the atmosphere. The new BiCRS facility, when completed, is expected to remove about 600,000 tons of CO2 annually, which is equivalent to the emissions from electricity use of more than 130,000 U.S. homes. It also will help improve air quality in the San Joaquin Valley by using approximately 400,000 tons of agricultural waste annually (which otherwise would have been burned), in line with the California Air Resources Control Board plan to begin phasing out agricultural burning in the San Joaquin Valley by 2025. Working with its partners, CES plans to evaluate the Madera Biomass Power Plant for conversion to a BiCRS facility using CES' proprietary oxy-fuel technology that contributes to cost-effective carbon capture. BiCRS is identified as a low-cost form of engineered carbon removal, resulting in net energy production without routine emissions of nitrous oxide, carbon monoxide and particulates from combustion produced by conventional biomass plants. The agriculture industry requires clean and effective disposal options as an alternative to open field burning," said Roger Isom, President/CEO of the California Cotton Ginners and Growers Association and Western Agricultural Processors Association. Repurposing conventional biomass power plants into carbon removal projects is one of the solutions that also addresses air quality in the Central Valley. The work builds upon the efforts of similar projects in Fresno and Kern Counties, which are under active development. The acquisition is subject to continued due diligence, with closing expected in early 2023. About Clean Energy Systems Clean Energy Systems is a California-based technology company and a global leader in the development and deployment of carbon reducing energy systems. The company has successfully transitioned proven, reliable rocket engine combustion principles into a flexible and economically attractive power generation system for the benefit of our planet. CES' proprietary oxy-combustion technologies enable cleaner and more efficient co-generation of power, steam, water, and captured CO2 and offers the world a new perspective on the way we assess the value of natural resources.

Read More

STRATEGY AND BEST PRACTICES

Guzman Energy Receives Approval for Limited Use Permit for New Solar Project in Southern Delta County, Colo

Guzman Energy | August 23, 2022

Guzman Energy has received approval from the Delta County Board of Commissioners for a limited use permit required to install and operate the proposed Garnet Mesa Solar project in Southern Delta County, Colorado. The Commissioners voted unanimously to approve the permit at the August 16, 2022 Commissioners meetingWhen complete, Garnet Mesa Solar will produce more than 194,000 megawatt hours (MWh) of electricity each year, enough energy for 18,000 homes. Delta-Montrose Electric Association (DMEA) will directly purchase a portion of the energy produced by the solar farm and Guzman Energy will offtake the rest as power supply to serve additional wholesale customers. “We are thrilled with the Delta County Board of Commissioners unanimous decision to approve the limited use permit to install and operate the Garnet Mesa Solar project. We are grateful for the time and attention the community and County officials gave to the process,” said Robin Lunt, Chief Strategy Officer, Guzman Energy. Since receiving the limited use permit, the Garnet Mesa Solar project team will now focus on the next phases of engineering and procurement planning. Construction resource and timing details will be announced following those engineering and procurement planning cycles. The land secured for Garnet Mesa Solar farm construction is currently irrigated and utilized for grazing, and will continue to be used in that manner. “With the Commissioners’ approval, we are one step closer to securing a significant amount of local affordable energy. Together, with Guzman Energy, we are driving rate stability for our members, We are confident Garnet Mesa Solar will be a premier example of agriculture and energy co-existing together.” -Kent Blackwell, Interim CEO and Chief Technology Officer, DMEA Highlights of the Garnet Mesa Solar farm include: Construction labor head count of 350-400 Property tax estimate of $13 million over 15 years Helps DMEA reach approximately 20% local power generation Maintains community commitment to agricultural land use through the simultaneous use of land for both solar power generation and agriculture by utilizing approximately 1,000 sheep for grazing and vegetation management on the solar farm The Garnet Mesa Solar project team is comprised of Guzman Energy, DMEA and Citra Power. The Citra team has significant expertise in renewable energy development, technical engineering, EPC management and oversight, project and portfolio acquisitions, and wholesale power procurement. Collectively, the Citra team has worked on thousands of Megawatts of now-operational wind, solar and energy storage projects. About Guzman Energy Guzman Energy is a wholesale power provider dedicated to communities in search of affordable and reliable energy. We partner with cooperatives, municipalities, companies, and tribes across North America to customize energy portfolios that make economic and environmental sense for today and tomorrow. Together, we are lighting the way forward. Visit www.guzmanenergy.com. About DMEA Delta-Montrose Electric Association is a member-owned rural electric cooperative. Located in southwest Colorado, DMEA provides safe, reliable, and affordable electric service to approximately 29,000 members, primarily in Montrose and Delta counties. DMEA is a progressive and forward-thinking electrical distribution cooperative dedicated to meeting the diverse energy needs of its members.

Read More

Spotlight

We reached out to homeowners across the country to gauge whether they would support a nationwide solar energy mandate similar to California's. Here's what we found out. We reached out to homeowners across the country to gauge whether they would support a nationwide solar energy mandate similar to California's. Here's what we found out.

Resources