Utility-scale power company intersect power has been awarded a power purchase agreement from Austin Energy for a 150MW PV project in Texas that is expected to reach commercial operation in 2020.. Intersect Power, through its IPREH joint venture with Macquarie Infrastructure Corporation, is developing the 150MW project, which will have the capacity to upsize to 180MW.
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AES Plans to Buy sPower, a Top Utility-Scale Solar Developer. Expect More Similar Activity to Come. AES will buy sPower from the private equity firm Fir Tree Partners. Once completed, the acquisition will give AES an additional 1,274 megawatts of utility-scale solar power plants, a portfolio of 10,000 megawatts of projects in various stages, and a world class solar development team.
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The Beacon Solar Project is a photovoltaic power station in the northwestern Mojave Desert, near California City in eastern Kern County, California. Split into five phases, the Beacon solar facilities combined will generate 250 MW of renewable energy for the Los Angeles Department of Water and Power (LADWP) when fully operational.
AES & AIMCo Partner To Acquire sPower. According to the press release announcing the transaction, sPower currently includes 1,274 megawatts (MW) worth of solar and wind projects currently in operation or under construction, as well as a development pipeline of more than 10,000 MW worth of projects across the United States. As a result.
Home Financing and Contracting Decisions for Solar Projects on federal sites selecting the financing or contracting option for the federal solar project can be a complex decision, especially if funding from the agency has not been designated.
sPower Secures $786 Million in Capital Commitments for Nine Solar Projects. The capital will be used to finance a group of nine solar projects that, when fully operational, will generate 339.4MW of renewable energy. While most of the projects are under construction, two recently achieved COD.
sPower Achieves Financial Close, Nearly $48 Million Debt Financing for UK Solar Portfolio with National Australia Bank Read more.
sPower is the largest independent owner, operator and developer of utility-scale solar assets in the United States, and is currently owned by Fir Tree Partners. AES to Purchase sPower for $853.
· Farm Credit Watch: ABA Protests to FCA about Illegal CoBank Loan. “the largest private owner in the United States of utility-scale solar operating assets.” sPower, in turn, “is a portfolio company of Fir Tree Partners, a global investment fund” that “is a privately owned hedge fund sponsor.. The three solar projects financed by.
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