• 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.

    READ MORE HERE

  • 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

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

Enel Green Power North America Acquires 3.2 GW Solar Development Portfolio To Accelerate Growth In The U.S.

BOSTON, July 13, 2021 /PRNewswire/ -- Enel Green Power North America has acquired a 3.2 GW1 portfolio of solar and solar-plus-storage projects from Dakota Renewable Energy, a joint venture between Dakota Power Partners and Eolian. The 24 development-stage projects, including 450 MW of storage capacity, are located in the Mid-Atlantic, Midwest and Western United States and are planned for commercial operation beginning in 2023.

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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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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

Natixis Corporate & Investment Banking Executes $100 Million Letter of Credit Facility for Eolian

Natixis Corporate & Investment Banking, acting as Sole Lead Arranger and Letter of Credit Issuer, has announced the closing of a USD $100 million Letter of Credit Facility on November 11, 2021, to support Eolian, L.P. Eolian was formed in December 2020 through a consolidation of energy assets that had been assembled starting in 2005 by the founding management team and today includes an expansive nationwide development portfolio as well as revenue interests in more than 20,000 MW of operating energy storage, solar and wind projects across the United States. Eolian is owned by its employees and funds managed by Global Infrastructure Partners (GIP), a global, independent infrastructure investor. Eolian expands on GIP's global renewables investment strategy, which has a proven track record of value creation. GIP's current portfolio includes approximately $9 billion of equity investments and commitments in the sector, equity ownership interests in over 14 GW of operating renewable and battery storage assets, and 99 GW under construction or in development.

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

D. E. Shaw Renewable Investments (DESRI) Announces Signing of 350MWac of Clean Power Projects with Entergy Louisiana

NEW YORK, Nov. 18, 2021 /PRNewswire/ -- D. E. Shaw Renewable Investments (DESRI), a leading renewable energy producer in the U.S., today announced the signing of three renewable energy off-take agreements with Entergy Louisiana (ELL). The solar facilities will be built under power purchase agreements (PPAs) or build transfer agreements (BTAs) with ELL to support its growing renewable energy portfolio in the region and help power local customers' electricity needs:

The Vacherie Solar Energy Center (Vacherie) will be a 150 MWac facility in St. James Parish, Louisiana;

The SJ Louisiana Solar Project (SJ Solar) will be a 150 MWac facility in St. James Parish, adjacent to Vacherie;

The Sunlight Road Solar Project (Sunlight Road) will be a 50 MWac solar facility in Washington Parish.

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

Innergex Announces the Tax Equity Funding of Amazon Solar Farm Ohio - Hillcrest in Ohio, USA

LONGUEUIL, QC, Nov. 17, 2021 /CNW Telbec/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") announces the tax equity funding of the 200 MW Amazon Solar Farm Ohio – Hillcrest ("Hillcrest"), located in Brown County, Ohio, concluded today. Hillcrest is currently the largest solar facility in operation in Ohio, and since the commencement of commercial operation on May 11, 2021, 100% of its generated electric output and environmental attributes has been sold under a long-term corporate power purchase agreement to an investment grade rated US corporation.

"This is Innergex's second largest solar farm commissioned to date, which adds 200 MW to our solar portfolio," said Michel Letellier, President and Chief Executive Officer of Innergex. "While the commissioning of Hillcrest contributes to Innergex's energy diversification efforts, Ohio represents an exciting new market for us, one that provides the opportunity for us to build clean utility-scale solar that will benefit Ohioans for decades. "

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

Intermountain Healthcare Going Solar with Major Renewable Energy Project in Emery County

Intermountain Healthcare is taking a major step in sustainability by joining a utility-scale solar project near Huntington, Utah, that will supply 20 percent of the health system’s total electricity needs.

The new power purchase agreement from the Castle Solar Project, owned and being developed by D. E. Shaw Renewable Investments (DESRI), will supply Intermountain facilities with clean renewable energy for the next 20 years.

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

Total adds 2.2 GW to its U.S. solar portfolio and covers all its power consumption in the country with green electricity

Paris, February 5, 2021 – Total strengthens its presence in the U.S. market by acquiring a development pipeline of 2.2 GW of solar projects, and 600 MW of battery storage assets, all located in Texas. The projects are bought from SunChase Power, a renewable energy company focused on developing utility-scale energy projects, and MAP RE/ES, a private energy investment firm.

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