• RE Announces Over 700 MWac of New Solar Projects in Oklahoma Supported by Long-Term Agreements with Google

    LRE Announces Over 700 MWac of New Solar Projects in Oklahoma Supported by Long-Term Agreements with Google

    DSignificant 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.

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  • How batteries are riding the free market rodeo in Texas

    How batteries are riding the free market rodeo in Texas

    January 14, 20253:00 AM ET

    The Indicator from Planet Money, NPR

    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.

    Listen Now: Grid-scale battery markets from Texas to California : The Indicator from Planet Money : NPR

  • Jeremy-Thomas-Storage-Asset-Manager

    Texas’ battery storage: a boom and bust market?

    FT Energy Source

    Dec 2, 2024

    Investment in battery storage systems across the US has surged in 2024, especially in Texas. The FT’s Myles McCormick looks at how climactic conditions that lead to a fluctuating power supply, combined with the state’s low-regulation, business-friendly energy market has created ideal conditions to build battery storage sites quickly and at scale. But are we looking at a boom-bust market?

    Watch More at: Texas’ battery storage: a boom and bust market? | FT Energy Source

Eolian in the News

Send all media inquiries to: media@eolianenergy.com

PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Eolian and Group of Global Banks Announce Closing of $390 Million Renewable Energy Financing

BURLINGAME, Calif., July 30, 2024 /PRNewswire/ -- Eolian, L.P. ("Eolian"), a portfolio company of Global Infrastructure Partners ("GIP"), together with Santander Corporate & Investment Bank, MUFG, National Australia Bank, Natixis, Lloyds Bank, and SMBC, today announced the closing of a $315 million renewable energy green loan and $75 million revolving credit facility, building on a $515 million green loan closed in June 2023 with the same group of global banking institutions.  This financing is secured by a diverse group of eligible green project assets created by Eolian and is aligned with the four pillars of the Green Loan Principles, jointly published by the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) in February 2023.

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PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Eolian Announces Closing Of $515 Million Green Loan

BURLINGAME, Calif., June 6, 2023 /PRNewswire/ -- Eolian, L.P. ("Eolian"), a portfolio company of Global Infrastructure Partners ("GIP"), together with Banco Santander, MUFG, National Australia Bank, Natixis Corporate & Investment Banking, and SMBC, today announced the closing of a $515 million renewable energy green loan. This financing is secured by a diverse group of eligible green projects developed by Eolian over the past 20 years and is aligned with the four pillars of the Green Loan Principles, jointly published by the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) in February 2023.

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PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Eolian Closes First-Of-Its-Kind Standalone Battery Energy Storage Tax Equity Financing

BURLINGAME, Calif., Feb. 13, 2023 /PRNewswire/ -- Eolian, L.P., a portfolio company of Global Infrastructure Partners, has successfully closed the first-of-its-kind tax equity investment in two standalone utility-scale battery storage projects located in Mission, Texas. This pioneering financing is the first use of the Investment Tax Credit (ITC) structure by a standalone utility-scale battery energy storage system and is possible due to passage of the Inflation Reduction Act of 2022. Tax equity investment in the projects was provided by a fund managed by Churchill Stateside Group, LLC.

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PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Eolian Announces Closing Of $925 Million Renewable Energy Financing

NEW YORK, April 21, 2022 /PRNewswire/ -- Eolian, L.P. ("Eolian"), a portfolio company of Global Infrastructure Partners ("GIP"), together with Banco Santander, Natixis, MUFG and Mizuho, today announced the closing of a $925 million renewable energy financing. This novel structured transaction will further advance multiple strategies already underway as the Eolian team rapidly accelerates the deployment of cost-effective decarbonizing technologies across the US.

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PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Global Infrastructure Partners Announces Acquisition Of MAP® Energy's Renewable Energy Business

NEW YORK, Dec. 29, 2020 /PRNewswire/ -- Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor, today announced the acquisition of MAP® RE/ES, the renewable energy business of MAP® Energy (MAP®). GIP's fourth flagship fund, GIP IV, will acquire 100% of the MAP® RE/ES investment platform, team, and renewable energy assets under management from MAP®, a private fund manager and energy investor. The assets include a portfolio of producing royalty interests across more than 16,000 MW of operating wind and solar projects in the United States, as well as a nationwide development pipeline managed through joint ventures with leading national and regional development partners. The MAP® RE/ES business will continue to be led by its existing investment team.

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