Sunya

Trailstone and Nuveen Infrastructure Strengthen Their Partnership in Italy : The expanded partnership showcases Trailstone's capability to deliver innovative solutions for renewable energy producers throughout Europe October 31, 2024 02:00 AM Eastern Daylight Time BERLIN--( BUSINESS WIRE )--Trailstone Group (‘Trailstone’), a global technology and energy company, today announced an innovative hedging agreement with Nuveen Infrastructure, one of the world's leading investment managers in renewable energy. Supporting a 48 MW wind farm in Italy, this new collaboration marks an important milestone in Trailstone's long-standing relationship with Nuveen Infrastructure, formally Glennmont Partners, which began in 2016. The agreement underscores Trailstone's pioneering expertise in structuring tailor-made solutions for renewable energy producers across Europe. Through this expanded partnership, Trailstone will leverage its market access, deep expertise, and proprietary renewable...

LanzaTech and Eramet announce plans for first-of-a-kind integrated Carbon Capture, Utilization and Storage (CCUS) project in Norway : October 31, 2024 03:00 ET| Source: LanzaTech Inc. CHICAGO, Oct. 31, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech”), the carbon recycling company transforming above-ground carbon into sustainable fuels, chemicals, materials, and proteins, today announced plans to develop a commercial-scale Carbon Capture and Utilization (“CCU”) facility (the “facility”, “plant”, or “project”) at Herøya Industrial Park in Porsgrunn, Norway. The plant will produce ethanol and is expected to begin operations in 2028. Eramet will supply furnace gas as feedstock to the facility from the Porsgrunn Manganese Alloys smelter but will not participate in its financing. To unlock further emissions reductions, the two companies also intend to build upon the CCU infrastructure and, if demonstrated to be feasible, integrate Carbon Capture and Storage (“CCS”...

Birch Creek Closes $150m Credit Facility with KKR : Financing proceeds will be used to support development of over 4GW of solar projects ST. LOUIS , Oct. 31, 2024 /PRNewswire/ -- Birch Creek Energy, LLC ("Birch Creek"), a utility scale solar and storage developer and independent power producer, and KKR, a leading global investment firm, today announced that Birch Creek has closed on a $150 million credit facility within KKR's High-Grade Asset-Based Finance (ABF) strategy via insurance accounts managed by KKR. The financing extends and upsizes Birch Creek's previous $100 million facility, and it will be used to finance development expenses and equipment for solar farms in the company's development portfolio. Birch Creek was founded in 2019 and has been primarily focused on a distribution-level utility-scale solar and storage strategy in high-value, liquid markets such as PJM, MISO and ERCOT. The company boasts a large pipeline as well as a successful tra...

Hassana Investment Company and EIG Sign MoU for Strategic Collaboration on Middle East Infrastructure and Energy Transition Projects : Collaboration advances shared objectives for investment in the Kingdom of Saudi Arabia and the rest of the region with EIG’s targeted US$1 billion dedicated regional fund October 31, 2024 08:00 AM Eastern Daylight Time RIYADH, Saudi Arabia & WASHINGTON--( BUSINESS WIRE )--Hassana Investment Company (Hassana) and EIG, a leading institutional investor to the global energy and infrastructure sectors, have signed a memorandum of understanding (MoU) to collaborate on infrastructure and energy transition projects in the Middle East through EIG’s targeted US$1 billion dedicated regional fund in which Hassana is considering becoming an anchor investor with an allocation of up to US$250 million. “Hassana is pleased to expand our partnership with EIG, a leader in the global energy and infrastructure sectors. This agreement reflects our shared commitment to su...

Ørsted divests share of four UK offshore wind farms to Brookfield 30.10.2024 02:29 Two leading renewable energy players partner on operational UK offshore wind farms. Brookfield to acquire a 12.45 % stake in 3.5 GW offshore wind portfolio under long-term contracts for difference (CfDs). Ørsted (CPH: ORSTED) has signed a partnership agreement with Brookfield (NYSE: BAM, TSX: BAM), its institutional partners, and its listed affiliate Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), who will acquire 12.45 % minority stakes in four of Ørsted’s operational UK offshore wind farms: Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension, which have a combined total capacity of approximately 3.5 GW. The value of the transaction is GBP 1.745 billion (approx. DKK 15.7 billion). Brookfield is pursuing this transaction through Brookfield Infrastructure Fund V, the world’s largest closed-end infrastructure fund. The transaction is expected to close by the end of 2024, subject to ...

Transition Industries LLC and Mitsubishi Gas Chemical Announce Letter of Intent for a Long-Term Methanol Sales Agreement From the Pacifico Mexinol Project in Sinaloa, Mexico : October 31, 2024 09:18 AM Eastern Daylight Time HOUSTON--( BUSINESS WIRE )-- Transition Industries LLC announced that it has signed a Letter of Intent (LOI) with Mitsubishi Gas Chemical Company, Inc . (MGC) to enter into a long-term Methanol Sales Agreement (MSA). Under the MSA, Transition Industries intends to supply MGC approximately 1 million MT per annum of ultra-low carbon methanol from its Pacifico Mexinol project, a 6,145 MT per day methanol production facility near Topolobampo, Sinaloa, Mexico, expected to be in operation in 2028. Transition Industries is jointly developing Pacifico Mexinol with the International Finance Corporation (IFC), a member of the World Bank Group. The terms of the LOI and MSA were not disclosed. When it initiates operations, Pacifico Mexinol is expected to be the largest single...

Green Bridge Energy Announces $500 Million Renewable Energy Infrastructure Investment Partnership with Archetype Energy & Climate Commodities : News provided by Archetype Oct 31, 2024, 10:00 ET The strategic framework agreement will help address the critical investment gap that exists for middle-market renewable energy projects RALEIGH, N.C. and DALLAS and NEW YORK, Oct. 31, 2024 /PRNewswire/ -- Green Bridge Energy, Archetype Energy and Climate Commodities have announced a strategic framework agreement to provide $500 million in programmatic financing for middle-market renewable energy projects. This partnership aims to streamline the deployment of decentralized renewable energy infrastructure, addressing the growing demand from corporations, municipalities and large-scale reshoring projects. The agreement addresses a critical gap in the renewable energy sector, offering turnkey project development and finance solutions to corporations, independent developers and other industry p...

Bain Capital and Aquila Group Partner to Build a Leading Sustainable Data Center Platform Across Europe October 29, 2024 Bain Capital acquires majority share in Aquila Group’s data center business AQ Compute Together, the partners aim to build a leading European data center platform AQ Compute is intended to set new standards in sustainable data center operations HAMBURG, GERMANY and LONDON, October 30, 2024 – Bain Capital, one of the world’s leading private investment firms, and Aquila Group, a private investment company and pioneer in sustainable assets, announce a significant partnership in the data center sector. As part of the cooperation, Bain Capital is acquiring an 80% stake in AQ Compute, the data center subsidiary of Aquila Group. This strategic alliance, with a targeted multi-billion Euro investment volume, is aimed at significantly accelerating AQ Compute’s plans to develop and operate sustainable data centers for hyperscale and AI customers across Europe. Founded by Aquila...

Rio Tinto transitions to renewable diesel at Kennecott October 29, 2024 12:05 PM Eastern Daylight Time SALT LAKE CITY, Utah--( BUSINESS WIRE )--Rio Tinto has completed the transition from conventional to renewable diesel for all heavy mining equipment at its Kennecott copper mine in Utah, giving the mine one of the lowest carbon footprints of any copper producer in the United States. Kennecott’s fleet of 97 haul trucks and heavy machinery equipment at the mine, concentrator, smelter, refinery and tailings are now all fueled by renewable diesel1 sourced in the United States. This is expected to reduce the mine’s Scope 1 emissions by 450,000 tonnes, equal to eliminating the annual emissions of 107,000 cars. In addition, the switch to renewable diesel reduces PM2.5 (particulate matter less than 2.5 microns) emissions at the tailpipes of our haul truck fleet by 40%, a reduction equivalent to approximately 2.3 billion miles of light vehicle travel annually. Kennecott has one of the lowest c...

Verdane closes Idun II at €700 million hard cap to back companies that will create a more sustainable future Verdane Idun II has closed at its €700 million hard cap, more than doubling the size of its €300 million predecessor fund Idun I. Idun II will invest in decarbonising the economy, specifically in the areas of energy transition and resource efficiency. Verdane is a pioneering sustainability investor, backing 42 sustainable businesses since 2003. This is the firm’s third successful final fund close in 12 months. Verdane, the European specialist growth investment firm, is pleased to announce the successful final close of Verdane Idun II (“Idun II” or “the Fund”) at its €700 million hard cap to invest in businesses within the structural growth trend of decarbonisation. Idun funds back ambitious companies that are helping to bring about a more sustainable future as they scale. Idun II, which is classified as an “Article 9” fund under the European Union’s Sustainable Finance Directive...

CREW Carbon raises $5.3mm seed round to capture carbon at wastewater treatment facilities : News provided by CREW Carbon Oct 30, 2024, 12:00 ET Counteract Partners leads funding to scale CREW Carbon's commercial operations with existing wastewater treatment partners, while expanding their technology to additional plants BROOKLYN, N.Y., Oct. 30, 2024 /PRNewswire/ -- In order to meet global climate targets, ~10 gigatons of carbon dioxide needs to be removed from the atmosphere annually by 20501. CREW Carbon is on a mission to leverage its enhanced weathering approach within earth's water cycle, focused initially on removing biogenic CO2 produced in wastewater treatment facilities. Significant amounts of CO2 are naturally concentrated within wastewater, creating an ideal environment to rapidly scale carbon removal. Developed through years of research at Yale University, CREW's technology enhances the natural power of minerals to treat wastewater and store CO2 permanently, a...

KKR and Energy Capital Partners Announce $50 Billion Strategic Partnership to Support AI Growth Through Investments in Data Centers and Power Generation : Strategic partnership with available capital and scale ready to meet the urgent need to fund data center, power, and grid infrastructure in the U.S. and globally Scaling of AI and cloud infrastructure in the U.S. expected to cost at least $1 trillion by 2030 October 30, 2024 07:00 AM Eastern Daylight Time NEW YORK & SUMMIT, N.J.--( BUSINESS WIRE )--KKR, a leading global investment firm, and Energy Capital Partners (“ECP”), the largest private owner of power generation and renewables in the U.S., today announced a $50 billion strategic partnership. The collaboration aims to accelerate the development of data center and power generation and transmission infrastructure for the rapid expansion of artificial intelligence (AI) and cloud computing globally. This strategic partnership combines KKR’s deep expertise in digital infrastruct...

Equinor strengthens gas portfolio 29 October 202415:34(GMT-5) Equinor has signed an agreement with EQT Corporation to acquire additional non-operated interest in the Northern Marcellus formation in the US. Equinor will pay USD 1.25 billion to EQT in the transaction. Under the agreement, Equinor is acquiring 100% of EQT’s remaining working interest in Northern Marcellus gas units primarily operated by Expand Energy. The transaction will increase cashflow from the international portfolio by adding natural gas volumes with low carbon intensity emissions from production. Subject to closing, the acquisition will have economic effect from 31 December 2024. The acquisition covers the same acreage included in the swap agreement with EQT announced earlier this year. With this transaction, Equinor is increasing its average working interest in the Northern Marcellus asset from 25.7% to 40.7%. The transaction adds approximately 80,000 barrels of oil equivalent per day (boe/d) to Equinor’s US produ...

Expand Energy Corporation Reports Third Quarter 2024 Results, Provides Preliminary 2025 Capital and Operating Plan and Announces Enhanced Capital Return Framework : OKLAHOMA CITY, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Expand Energy Corporation (NASDAQ: EXE) (“Expand Energy” or the “company”) today reported third quarter 2024 financial and operating results. In addition, the company provided its preliminary 2025 capital and operating plan and announced details regarding its enhanced capital return framework. On October 1, 2024, Expand Energy announced the completion of the previously disclosed merger between Chesapeake Energy Corporation (“Chesapeake”) and Southwestern Energy Company (“Southwestern”). Legacy Chesapeake Third Quarter Highlights Net cash provided by operating activities of $422 million Net loss of $114 million, or $0.85 per fully diluted share; adjusted net income(1) of $22 million, or $0.16 per share Adjusted EBITDAX(1) of $365 million Produced approximately 2.65 bcf/d net (...

EQT Reports Third Quarter 2024 Results and Announces Non-Operated Asset Divestiture :   PITTSBURGH ,  Oct. 29, 2024  /PRNewswire/ -- EQT Corporation (NYSE:  EQT ) today announced financial and operational results for the third quarter of 2024. Third Quarter  2024 and Recent Highlights: Integration of Equitrans Midstream Corporation (Equitrans) more than 60% complete just three months following the transaction closing; actions taken to date estimated to result in  $145 million  of annualized base synergies, de-risking more than 50% of total base plan synergies Sales volume of 581 Bcfe, above the high-end of guidance driven by continued operational efficiency gains and strong well performance, despite approximately 35 Bcfe of total net curtailments Capital expenditures of  $558 million ; pro forma (1)  capital expenditures of  $573 million , below the low-end of guidance driven by efficiency gains and lower-than-expected midstream ...