Eolian is one of the most successful energy investors in the U.S. We’ve funded the development of nearly 30 GW of operating or under-construction energy storage, solar, and wind generating capacity across the country.
What we do
Since 2005, Eolian has been an innovative investor in energy projects, including the invention of the renewable energy royalty structure that has now become an industry standard. In contrast to many firms that raise capital with short-term buy and sell strategies, Eolian and its partners have long-term views of 30+ years. This allows for a unique perspective on energy investing and an alignment with the long-term generation planning perspective of utilities, independent power producers and power market operators.
LRE Announces Over 700 MWac of New Solar Projects in Oklahoma Supported by Long-Term Agreements with Google
Significant solar portfolio strengthens LRE’s leadership in renewable energy, supports the increasing demand for energy and furthers energy independence
January 15, 2025 11:52 AM Eastern Standard Time
DALLAS--(BUSINESS WIRE)--LRE (Leeward Renewable Energy), a leading American renewable energy company, today announced over 700-megawatt alternating current (MWac) of renewable energy projects in Oklahoma that are supported in part by long-term power purchase agreements (PPAs) with Google.
These projects are strategically sited to support Google’s data center operations and leadership in artificial intelligence (AI). They will bolster the reliability of Oklahoma’s electric grid by adding renewable capacity that improves stability and diversifies the energy mix, while also supporting national energy independence. This collaboration reinforces LRE’s commitment to delivering innovative solutions that address the evolving energy needs of its partners and the communities where its projects are based.
Construction has begun on the 372-MWac Mayes County Solar Portfolio, located just within one mile from Google’s data center in Pryor, Oklahoma. Together with the Twelvemile Solar Project 1 & 2 (152.5 MWac) and the Twelvemile 3 Solar Project (200 MWac), located in Southern Oklahoma, these projects total 724 MWac of solar capacity in Oklahoma.
LRE purchased the Mayes County Solar Portfolio earlier this year from Red River Renewable Energy, LLC (“Red River”), a joint venture between SunChase Power, LLC (“SunChase”) and Eolian, L.P. The energy generated by the solar portfolio is delivered under firm transmission service to the Grand River Dam Authority (“GRDA”). GRDA plans to utilize the clean energy produced by the projects to support operations at Google’s data center.
“We began development of these energy projects in 2017, intentionally co-locating solar sites adjacent to Google’s data center load at Pryor to directly inject clean electricity into the grid at the point of consumption,” added Aaron Zubaty, CEO of Eolian. “The addition of more than 700 MWac of new solar resources at carefully chosen locations will enable more efficient utilization of the regional transmission network and enhance grid resilience while also directly enabling customer expansion. In a time of growing electricity demand to power our overall economy, these solar projects provide a very tangible and real solution.”
How batteries are riding the free market rodeo in Texas
The Indicator from Planet Money
January 14, 20253:00 AM ET
By Darian Woods, Wailin Wong, Cooper Katz McKim, Kate Concannon
If you want to build a grid-scale battery project in Texas, be prepared to ride the free-market rodeo. On our second episode of this week's battery series, we visit the state that has the second-most battery storage capacity to understand whether large-scale batteries can help prevent blackouts.
Financially Backed by Global Infrastructure Partners (GIP)
Eolian, L.P. is a portfolio company of Global Infrastructure Partners (GIP), part of BlackRock, a leading infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. GIP targets infrastructure businesses and assets in energy, transportation, digital, water and waste sectors where they believe their expertise and relationships provide a competitive advantage. GIP has grown to be one of the world’s largest infrastructure investors and currently manages $115 billion in assets on behalf of its global investor base. The companies in GIP’s equity portfolios have combined annual revenues of $71 billion and employ approximately 116,000 people. Visit https://www.global-infra.com/ to learn more.
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