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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.
Cordelio Power Acquires 150 MW Solar Development Project in Missouri
TORONTO, Dec. 15, 2020 /PRNewswire/ - Cordelio Power (“Cordelio”) is pleased to announce the acquisition of a 150 MW solar project (“Winfield”) under development in Lincoln County, Missouri.
Cordelio acquired the Winfield project from a joint venture between Dakota Power Partners, LLC (“Dakota”) and MAP Energy (“MAP”), the original developers of the project. Dakota will initially provide transition development services for the project, with Cordelio ultimately managing the project’s development as part of its growth efforts in the Midwest.
Rocky Mountain Power contracts to deliver renewable energy for six large customers
SALT LAKE CITY— The Utah Public Service Commission provided final approval of an application by Rocky Mountain Power, on behalf of six large organizations in the state, to purchase electricity and renewable energy attributes from a large new solar project in Tooele County that is owned and being developed by D. E. Shaw Renewable Investments (DESRI). The application makes use of the Schedule 34 Renewable Energy Tariff, allowing large customers of Rocky Mountain Power to work through the utility to source renewable energy to meet the organizations’ clean energy goals.
The six customers include three local governments (Salt Lake City, Park City, and Summit County), one higher-education institution (Utah Valley University), and two ski resorts (Deer Valley Resort and Park City Mountain).
D. E. Shaw Renewable Investments announces the signing of 155MWac of PPAs in Utah with Facebook and PacifiCorp
Rocket Solar is an 80 MWac solar facility to be built outside of Corinne in Box Elder County, Utah. Horseshoe Solar is a 75 MWac solar facility to be built outside of Grantsville in Tooele County, Utah. Both projects are scheduled to begin operations in 2022 to supply clean solar energy to Facebook under the Schedule 34 Renewable Energy Tariff, which enables customers to work with Rocky Mountain Power, a division of PacifiCorp and part of Berkshire Hathaway Energy, to meet their renewable energy goals by facilitating the construction and contracting of new renewable energy projects. The projects will help Facebook meet its goal of supporting its operations in the region with 100% renewable energy and reducing greenhouse gas emissions by 75%.