Sunya

Pine Gate Renewables announces a $650 million total investment from Generate Capital, Healthcare of Ontario Pension Plan (HOOPP) and HESTA : Funding will support 3 GW of new clean energy infrastructure in communities across the United States April 29, 2024 07:00 AM Eastern Daylight Time ASHEVILLE, N.C.--( BUSINESS WIRE )--Today, Pine Gate Renewables announced the final closing of a $650 million investment from Generate Capital, the Healthcare of Ontario Pension Plan (HOOPP) and HESTA. The investment provides funding to accelerate Pine Gate’s work as a national developer, owner, and operator of clean energy projects and will support the financing of an incremental three gigawatts (GW) of clean energy infrastructure by 2025. The transaction extends Generate Capital’s existing partnership with Pine Gate and brings new institutional investors to the solar developer’s platform. The scale of the investment validates Pine Gate’s long-term vision for growth, positions the company as a national...

New Biden climate rules target coal power plants : Industry faces 2039 deadline on the dirtiest energy source but existing gas plants escape present standards The Biden administration has finalised one of its key climate policies to crack down on US power plant emissions, despite being less stringent than campaigners had hoped as it faces legal challenges from Republican states. The rules will set stricter emissions standards for existing coal plants and new natural gas plants — but not existing gas plants — and recommend controversial carbon capture and storage technology for the emissions. Carbon capture is expensive and not yet deployed anywhere at scale. Read more on Financial Times

Qatar Places $6 Billion Order for LNG Carriers From China : QatarEnergy has signed a $6 billion agreement with China State Shipbuilding Corp. to build 18 liquefied natural gas carriers as it prepares to boost its output of the super-chilled fuel. 8 carriers are expected to be delivered in 2028 and 2029 QatarEnergy expanding annual LNG capacity to 142 million tons QatarEnergy has signed a $6 billion agreement with China State Shipbuilding Corp . to build 18 liquefied natural gas carriers as it prepares to boost its output of the super-chilled fuel. The shipbuilder will make the ultra-modern QC-Max size LNG vessels, each with a capacity of 271,000 cubic meters, at its Hudong-Zhonghua shipyard, QatarEnergy said in a statement on Monday. Eight ships will be delivered in 2028 and 2029, while the other 10 will be delivered in 2030 and 2031, according to the statement. Qatar needs more LNG carriers as it’s raising its annual production capacity from the North Field to 142 million to...

Wanderport Corporation Announces New Joint Venture to Expand Global Markets for Clean Tech and Renewable Coconut Charcoal Products : SANTA MONICA, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Wanderport Corporation (OTC: WDRP), a holding company, with a focus on energy, clean tech, and health tech, is excited to announce a strategic joint venture aimed at expanding the coconut charcoal business worldwide. This venture, in partnership with the principal of Vietnam based Highland BP., Ltd, signifies a major step forward in the utilization of sustainable and eco-friendly fuel alternatives. The parties have executed the Letter of Intent and aim to formally close the transaction in the next few weeks, followed by the launch of a new website, and e-commerce shops shortly thereafter. Under the agreement, Wanderport will assume and expand the existing multimillion dollar international business. Its partner will be responsible for local sales, manufacturing, and fulfillment. The cocon...

Exxon is working on tech to remove CO2 from atmosphere but a breakthrough is needed to slash costs : SOURCE: CNBC   Darren Woods, CEO of ExxonMobil, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Exxon Mobil is working on technology to directly remove carbon dioxide from the atmosphere with the goal of slashing sky-high costs by half, CEO Darren Woods said Friday. Woods said direct air capture technology holds huge long-term potential as a tool to address climate change. But it is currently unaffordable at scale, with the removal of atmospheric emissions costing between $600 to $1,000 per ton. "If you tried to apply that across the emissions challenge the planet has, the world won't be able to pay for that," the CEO said during Exxon's quarterly earnings call. "We're focused on how we can make this technology broadly applicable at a cost that society can afford." The oil major has launch...

Astatine Investment Partners Successfully Exits HEP Catalyst InvestCo Investment : April 30, 2024 09:15 AM Eastern Daylight Time GREENWICH, Conn.--( BUSINESS WIRE )--Astatine Investment Partners (“AIP” or “Astatine,” formerly Alinda Capital Partners), a leading private equity firm focused on infrastructure investments, today announced the successful exit of its investment in HEP Catalyst InvestCo, a joint venture that indirectly owns a 50% stake in an oil gathering and gas processing system in the Permian Basin, to one of its joint venture partners, Howard Energy Partners, a diversified midstream energy company headquartered in San Antonio, Texas. HEP Catalyst InvestCo (“Catalyst”) owns 50% of Catalyst Midstream Partners, which owns and operates an oil gathering pipeline system and three gas processing plants in the Delaware Basin of the greater Permian Basin. Funds managed by Astatine Investment Partners acquired an interest in Catalyst in 2017, when Catalyst was formed as a joint ven...

Sumitomo Corporation, Sumitomo Mitsui Finance and Leasing Co., Ltd. (SMFL) and Gogoro Inc. to Explore First of its Kind Partnership to Accelerate Gogoro's Global Business Expansion : Sumitomo Corp, a leading integrated trading company and SMFL, one of the world's premier financial institutions are looking to support Gogoro's global business expansion while creating new business opportunities for Sumitomo Corporation and SMFL. TAIPEI , April 29, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR ), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced the signing of a non-binding memorandum of understanding (the "MOU"), the first step in establishing a new partnership with Sumitomo Corporation and Sumitomo Mitsui Finance and Leasing Co., Ltd. ("SMFL") to accelerate Gogoro's global business expansion while providing Sumitomo and SMFL with new unique opportunities to expand...

Prime Lithium and IBC Partner to Produce Carbon Neutral Lithium and Clean Water in Wyoming : Prime Lithium and IBC Partner to Produce Carbon Neutral Lithium and Clean Water in Wyoming APAC - English News provided by Prime Lithium Apr 30, 2024, 05:00 ET ROCK SPRINGS, Wyo. , April 30, 2024 /PRNewswire/ -- Prime Lithium LLC ("Prime") has entered into a strategic partnership with IBC Advanced Technologies, Inc. ("IBC") to develop a large-scale battery-grade lithium hydroxide and carbon storage project in Wyoming, U.S.A. utilizing IBC's proprietary Direct Lithium to Product™ ("DLP™") process. The DLP™ process provides a rapid, direct route to produce environmentally friendly battery-grade lithium end-products. The partnership aims to initially produce 8,000 tonnes per annum lithium hydroxide with plans to expand production to 35,000 tonnes per annum and to geologically ...

DOE Reduces Regulatory Hurdles For Energy Storage, Transmission, and Solar Projects : Revisions to DOE’s Environmental Review Rule Will Cut Costs and Delays for Key Grid Resilience and Clean Energy Projects   WASHINGTON, D.C. — The U.S. Department of Energy (DOE) is amending DOE’s list of categories of projects which, because they typically do not have significant environmental impacts, qualify for the simplest form of environmental review under the National Environmental Policy Act (NEPA). DOE is simplifying the environmental review process for certain energy storage systems such as battery systems, transmission line upgrades, and solar photovoltaic systems. In support of the Biden-Harris Administration’s goal to promote the development of clean energy and supporting infrastructure, DOE is taking these steps to reduce the cost and time for environmental analysis incurred by DOE, project developers, and the public for these projects.   D...

Southern Power's South Cheyenne Solar Facility in Wyoming is now operational : ATLANTA , April 30, 2024 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced that the 150-megawatt (MW) South Cheyenne Solar Facility in Laramie County, Wyoming , is now operational. This project, Southern Power's 30th solar facility, is Southern Power's first solar facility in Wyoming , and it contributes to the company's growing fleet of clean energy resources from California to Maine . South Cheyenne Solar Facility "We are thrilled to announce that South Cheyenne Solar has reached commercial operation, marking a significant milestone for our team and all who have worked tirelessly on this project, and we are equally excited to see our footprint expand with our first operational site in Wyoming ," said Southern Power President Robin Boren . "This facility showcases our commitment t...

WEC Energy Group to acquire 90% ownership of Delilah I Solar Energy Center : MILWAUKEE , April 29, 2024 /PRNewswire/ -- WEC Energy Group (NYSE: WEC ) today announced that the company has agreed to acquire a 90% ownership interest in the Delilah I Solar Energy Center. Delilah I is a 300-megawatt project located approximately 140 miles northeast of Dallas, Texas . The project was developed and built by Invenergy — a leading global developer and operator of sustainable energy solutions. Commercial operation is expected to begin by the end of June. Delilah I will generate renewable energy under a long-term power purchase agreement with a global automaker. WEC Energy Group's investment is expected to total $459 million for the 90% ownership interest. "The Delilah Solar project is an exciting addition to our Infrastructure business and highlights our continued investment in affordable, reliable and clean energy. This project will help one of the world's largest aut...

energyRe Secures $155 Million in Project Financing and $85 Million Tax Equity Commitment for 108 MW Solar and 198MWh Battery Energy Storage System (BESS) for the Lone Star Project : Inaugural Project Financing and Tax Equity Transaction for energyRe Lone Star Solar Expected to be the Largest BESS Installation in South Carolina CHARLESTON, S.C. , April 29, 2024 /PRNewswire/ -- energyRe today announced that it has secured $155 million in project financing and a $85 million tax equity commitment for its 108 MWdc Lone Star Solar project and 198MWh Battery Energy Storage System (BESS), one of the largest battery systems in South Carolina.  Lone Star Solar is under construction and is expected to be operational by Fall 2024.   The $155 million in project financing for Lone Star Solar includes construction debt, tax equity bridge facility and letter of credit facility with Santander acting as the Coordinating Lead Arranger. Bank of America has committed $85 million in tax ...

Initiative Equity Partners acquired 16% equity in ArtIn Energy ramping up expansion in North America April 25, 2024 11:19 ET| Source: ArtIn Energy NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Initiative Equity Partners, a value and impact driven investment company based in New York, is pleased to announce the acquisition of 16% equity in ArtIn Energy, a technology leader of renewable energy in the fields of photovoltaics, energy storage, electrical mobility, and green hydrogen. This strategic effort registers a meaningful milestone in the company's commitment to fostering sustainable development and progressing the global transition to clean energy and a carbon-free world. With recently awarded contracts of $2.7 Billion in value, ArtIn Energy is positioned to continue propelling growth and innovation in the energy sector. Commenting on the acquisition, Jhon Cohen, Chief Executive Officer at ArtIn Energy, stated: "We are deeply honoured and excited to welcome Initiative Equity ...

U.S. Silica Enters Into Definitive Agreement to Be Acquired by Apollo Funds for $1.85 Billion : NEWS PROVIDED BY  U.S. Silica Apr 26, 2024, 07:00 ET U.S. Silica Stockholders to Receive $15.50 Per Share in Cash KATY, Texas, April 26, 2024 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA ) (the "Company"), a diversified industrial minerals company and a leading last-mile logistics provider to the oil and gas industry, announced today that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo (NYSE: APO ) (the "Apollo Funds"), one of the world's premier investment firms, in an all-cash transaction that values the Company at an enterprise value of approximately $1.85 billion. Under the terms of the agreement, U.S. Silica stockholders will receive $15.50 per share in cash for each share of common stock owned as of the closing of the transaction. The per share purchase price of $15.50 represents a 18.7% premium to U.S...