Capital Dynamics & Tenaska News Release, PRNewswire
Capital Dynamics, an independent global private asset management firm, today announced that its Clean Energy Infrastructure business has signed an agreement with Tenaska to enter into a new strategic relationship, increasing its greenfield solar footprint in both the Midwest and Southeast United States.
The transaction comprises 24 solar projects located in the Midcontinent Independent System Operator (MISO) and Southeast Reliability Council (SERC) markets, totaling 4,800 megawatts (MW). The portfolio represents a large share of solar projects currently in the MISO and SERC interconnection pipelines and further diversifies Capital Dynamics’ growing utility-scale solar power portfolio across seven new states. Read more here.
Additional Recommended Reading
Capital Dynamics and Tenaska Partner on 4.8 Gigawatts of Solar Development, Greentech Media
For Tenaska, the 4.8-gigawatt deal follows another large-scale sale to Spain’s Acciona last year, with Acciona buying 3 gigawatts of solar and 1 gigawatt of solar-plus-storage from Tenaska in the U.S.
MORE NEWS & COMMENTARY
- New Turbines Go Online, Tripling Northern Colorado’s Wind Power, KUNC
Platte River Power Authority, the public electricity wholesaler for Fort Collins, Estes Park, Loveland and Longmont, voted in 2018 to transition its energy mix to 100% carbon-free sources by 2030.
- Commentary: Michigan needs reliable electricity more than ever, contributed by Robert Nelson / Citizens Utility Board of Michigan, Energy News Network
- Despite Texas denial, AEP to buy $2B in wind energy, Columbus Business First
Developer Invenergy is building the wind farms, which should provide 5.7 million megawatt hours of energy a year when they’re completed this year and early next year. AEP says that the three wind farms, which are now nearing completion in north-central Oklahoma, will save customers $3 billion over 30 years.
- Duke Energy Renewables’ largest solar project now online in Texas, Duke Energy News Release. “Texas is one of the fastest growing solar energy markets in the country. Holstein Solar supports the state’s growth and is a great addition to our growing Texas solar energy portfolio,” said Chris Fallon, president of Duke Energy Renewables. “We’re pleased to support the state’s expanding renewable energy industry by providing low-cost, clean energy resources to meet the growing needs of Texans.”
Why Associated plugged in to community solar energy, American Banker
Associated Banc-Corp. in Green Bay, Wis., recently subscribed to five solar gardens currently in development across Minnesota and Illinois. The subscription doesn’t cost the company anything, and its commitment to using a certain proportion of the energy produced is expected to slash about 20%, or $57,000, off its annual electricity bill.
Investors Still Betting on Next Big Energy Storage Technology: Solid-State Batteries, Greentech Media. Solid-state batteries could be safer and more energy-dense than lithium-ion products are today. The improved technology could hit the market by the mid-2020s, analysts say. Companies including Ionic Materials, QuantumScape, Sila Nanotechnologies, Sion Power and Solid Power are developing all-solid-state batteries (ASSBs) that are expected to be safer and more energy-dense than the lithium-ion products used in today’s electric vehicles and battery systems. “Lithium-ion today, with a metal-oxide cathode and carbon-based anode, is starting to approach its theoretical limits,” said Solid Power CEO Doug Campbell in an interview.
NEW U.S. CHARGING STATION MANUFACTURER
Dutch charging station company looks to plug in to U.S. electric vehicle growth, by Audrey Henderson, Energy News Network. EVBox manufactures charging stations and the software to manage them. The company is expanding its presence in the U.S. to take advantage of a growing electric vehicle market. Electric transportation advocates note the move is particularly timely given recent advancement of electric vehicle policy in Illinois.
CLEAN ENERGY CAREERS
- What’s It Like to Be a Renewable Energy Project Developer?, Greentech Media
We’re asking people with cleantech jobs to tell us what they do all day. Next up: K. Harley McDonald, senior business developer at Avangrid Renewables.
- An Anxious Accountant’s Journey to the Top, Greentech Media
In this special podcast, we discuss how one finance expert overcame his anxieties and flourished in renewable energy. Today, he leads CohnReznick’s renewable energy industry practice and helps utilities and other energy companies execute all kinds of transactions, from long-term contracts to hedging strategies to tax structures.
Tesla Solar Panels and Roof: Pricing and how to buy, by Fred Lambert, Electrek
Tesla solar roof tiles are not available in as many markets as Tesla’s solar panels. The company is still hiring and training roofers in many markets and it is expanding fast. Tesla’s regular solar panel installations are more easily available.
“We are hiring roofers, installers and electricians who will work together to deploy Solar Roof in Arizona, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Illinois, Maryland, Massachusetts, New Jersey, New York, Nevada, Oregon, Texas, Utah and Virginia.”
MORE CORPORATE NEWS
NEW CERES REPORT
Coal retirements spur 8% drop in 2019 power sector carbon pollution after Duke, Vistra top 2018 emitters: Ceres, by Catherine Morehouse, Utility Dive. Progress in 2019 is a cause for optimism, report author and Senior Director of Electric Power at Ceres, Dan Bakal, told Utility Dive, though the sector will need to move even faster in order to offset the worst impacts of climate change.
Ceres is a sustainability nonprofit organization working with the most influential investors and companies to build leadership and drive solutions throughout the economy. Through powerful networks and advocacy, Ceres tackles the world’s biggest sustainability challenges, including climate change, water scarcity and pollution, and inequitable workplaces. Mission: Ceres is transforming the economy to build a sustainable future for people and the planet.
Resources include: Proxy Voting Guidebook 2020
MORE ON RECENTLY-RELEASED ENVIRONMENTAL GROUPS’ REPORT
How to replace 187 GW of coal with renewables, and save customers money, by William Driscoll, PV Magazine. Promptly retiring 79% of the nation’s 236 GW of coal units, and replacing them with renewables and storage, would yield savings of $10 billion per year, says a report from the Rocky Mountain Institute, Carbon Tracker and Sierra Club. Retiring all of them now, including units that are not yet uneconomic, would still save $9 billion per year. The authors recommend federal involvement in financing this transition, and using the savings not only to lower customers’ electric bills but to fund transition assistance for affected workers and communities.
NEWS FROM CANADA
Massive 340,000-panel solar farm to take flight at Edmonton International Airport, Edmonton Journal. A massive renewable energy project roughly the size of 313 CFL football fields could be arriving in Edmonton by the end of 2022. Edmonton International Airport announced Tuesday plans to build a 627-acre, 120-megawatt solar farm — enough energy to power 27,000 or 28,000 homes — on the west side of its lands as part of an agreement with European-based renewable energy company Alpin Sun. Solar power from the farm would feed into Fortis Alberta and the airport.