New ERCOT battery rule could limit energy storage use in grid emergencies, operators say .

New state of charge rules “will substantially reduce energy storage participation in the ancillary markets and reduce competition,” Eolian CEO Aaron Zubaty said.

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.

Two new local projects will add 400 megawatts of non-emitting capacity, helping PGE integrate more clean energy into its portfolio

PORTLAND, Ore., April 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today announced the procurement of 400 megawatts (MWAC) of new battery storage projects – a critical tool in Oregon's clean energy transition and the largest single procurement of standalone energy storage to date by a utility in the U.S. outside the state of California. These projects, located at substations close to electrical demand, will store enough electricity to power all PGE customer homes in a city the size of Portland for an entire evening on battery-delivered energy alone

BY ISABELLA O MALLEY

Published 7:15 AM MDT, April 28, 2023
Portland General Electric, the utility serving Portland, Oregon, announced Friday it is putting in the second-largest battery storage installation in the United States, at 400 MW of power. The significance of such projects is they diminish the need for power plants that burn fossil fuels that warm the planet.

Lightsource bp closes financing and mobilizes construction on largest solar project in Arkansas under agreement with Entergy Arkansas

• Build-transfer agreement with Entergy Arkansas for the 313-megawatt dc solar project facilitated financing

• At end of construction and start of commercial operation, Entergy Arkansas will assume facility ownership and operations

• Project to create up to 400 construction jobs, utilizing the local workforce and subcontractors

Lightsource bp has successfully closed on a $327 million financing package and mobilized construction on the 313 megawatt dc (250 megawatt ac) Driver Solar project located near Osceola in Mississippi County, Arkansas. Lightsource bp completed development, permitted and financed the project and will construct the facility under a build-transfer agreement with Entergy Arkansas announced last year. Upon completion, at 313 MW Driver Solar will be the largest solar farm in Entergy Arkansas’ portfolio as well as the largest in the state of Arkansas, generating enough energy to power more than 50,000 homes.

Wärtsilä Corporation, Trade press release 27 March 2023 at 11:00 UTC+2

Madero and Ignacio energy storage facility will provide Texas’ ERCOT grid with needed flexibility amidst growing energy demand and extreme weather events. ©Eolian

The facility is also first-of-its-kind financed with the Investment Tax Credit to provide critically needed dispatchable resource to meet urgent and growing demand for flexibility in Texas power market

The technology group Wärtsilä has reached commercial operation date (COD) for two major interconnected energy storage systems in South Texas totaling 200 MW and owned by Eolian L.P. (Eolian), a portfolio company of Global Infrastructure Partners. The Madero and Ignacio energy storage plants will be operated using Eolian software, enabling full participation in the Electric Reliability Council of Texas (ERCOT) market. This will add much needed year-round reliable operational ramping capacity to the system. The order for Wärtsilä was booked in February 2021.

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.

February 9, 2023 (SAN ANTONIO) – CPS Energy, the largest municipally owned electric and natural gas utility in the United States, has reached agreements with three companies, closing out the utility’s FlexPOWER Bundle initiative stemming from the RFP that was launched in 2020. In total, the FlexPOWER Bundle will deliver 580 megawatts (MW) of solar, 50 MW of storage, and 500 MW of natural gas firming capacity. The utility will issue a new and separate RFP in the first quarter of 2023 to procure up to an additional 320 MW of solar, to include community solar proposals, to add to its generation portfolio.