Results for: Renewable Energy

Aypa Power, a Blackstone-backed company specializing in utility-scale energy storage and hybrid renewable energy projects, has successfully secured a $650 million credit facility. This financing, led by Apterra Infrastructure Capital, Banco Santander, ING Capital, Nomura Securities, Societe Generale, and Sumitomo Mitsui Banking Corporation, replaces and significantly expands Aypa’s previous $320 million facility. The new funds will support Aypa’s ongoing expansion and the advancement of its project pipeline across the United States and Canada.

vHive, a global leader in Digital Twin software, has launched a new solution for autonomous digitization and AI analysis of solar farms. This innovative approach enables self-operated inspections, leading to faster fault resolution and improved power production.

The global wind turbine components market is experiencing significant growth due to the increasing demand for renewable energy and sustainable energy sources. Key components include rotor blades, towers, generators, nacelles, gearboxes, and control systems. Technological advancements, government support, and declining costs of wind power are driving market expansion. However, challenges related to materials, control, and storage persist. This report analyzes market segmentation, customer landscape, geographic landscape, and company analysis.

SolarBank Corporation, an independent renewable energy developer, has secured plan approval and a special use permit for its 3.25 MW ground-mount solar power project located in a closed landfill in . The project, expected to be eligible for NY-Sun Program incentives, is anticipated to reach the notice to proceed stage in Q3 2024. Once completed, the project will operate as a community solar project, offering clean energy to local residents and businesses.

Raven SR, a renewable fuels company, has been awarded a €1.44 million grant from the Spanish Ministry for Ecological Transition and Demographic Challenge to develop a waste-to-renewable hydrogen production facility in Zaragoza, Spain. The project will utilize Raven’s non-combustion Steam/CO Reforming technology to convert organic waste into clean hydrogen fuel, marking the first industrial-scale implementation of this technology in Spain.

Renew Energy Partners (RENEW) has sold earned energy tax credits to a private buyer represented by Foss & Company, utilizing the new transfer provisions of the Inflation Reduction Act. This sale, which builds on a previous $10 million investment in a decarbonization and resilience project at a 1,600-unit housing co-op, demonstrates the ongoing value of clean energy technology projects for both customers and investors.

Swift Current Energy, a North American clean energy platform, has appointed Brian Dee as its Chief Financial Officer. Dee brings extensive experience in asset ownership, operations, financing, and M&A, bolstering Swift Current’s efforts to expand its renewable energy portfolio and invest in its development pipeline.

A groundbreaking 25 MW / 55 MWh battery energy storage system (BESS) has commenced operations in Razlog Municipality, Bulgaria, marking the largest BESS project in the country. The project, a joint effort between Solarpro and , the leading energy EPC company in , is co-located with a 33 MWp solar PV plant and seamlessly integrates into the grid. Kehua’s advanced PCS and transformer solutions enable the system’s peak shaving, frequency modulation, and auxiliary grid connection capabilities.

A group of 26 House lawmakers has penned a letter to EPA Administrator Michael Regan expressing concern over the agency’s ‘Clean Power Plan 2.0’, which they argue will endanger electric grid reliability for millions of Americans. The letter, led by Rep. Lloyd Smucker, highlights the plan’s impact on coal and gas plants, particularly within the PJM Interconnection service area, which covers a large portion of the Atlantic coast. Lawmakers warn that the plan’s forced closure of existing power plants and rushed transition to renewables will lead to power rationing and increased costs for consumers. While the Biden administration has defended the plan, some Democrats, including Sen. Joe Manchin, have expressed similar concerns about the plan’s potential negative consequences.

Fracsun, a leading provider of solar soiling loss monitoring solutions, has launched a groundbreaking AI-powered soiling loss modeling tool called CLEO. This innovative tool uses ground-level measurements, weather data, and machine learning to provide accurate, localized simulations of annual soiling losses. By enabling developers to fine-tune production models and improve energy yield assumptions, CLEO empowers the solar sector to maximize returns on investment.