Sunya

AYPA POWER SECURES $190 MILLION FINANCING FOR THE BYPASS BATTERY STORAGE PROJECT IN TEXAS : AUSTIN, Texas , Dec. 31, 2024 /PRNewswire/ - Aypa Power, a Blackstone portfolio company and a leading developer and operator of utility-scale energy storage and hybrid renewable energy projects, successfully closed a $190 million financing package for the Bypass Battery Energy Storage System (BESS) project. Located in Fort Bend County, Texas , near Houston , the 200 MW / 400 MWh project will help address the region's growing capacity needs and reinforce Texas' position as the nation's fastest growing and most dynamic market for grid storage. The financing package includes a $68 million Construction-to-Term Loan and a $91 million Tax Equity Bridge Loan (TEBL), bringing total construction financing to $159 million . Additionally, $31 million in Letters of Credit were issued, with $26 million designated for project-specific needs. Morgan Stanley Renewables Inc. committe...

ONEOK Closes Sale of Wholly Owned Interstate Natural Gas Pipelines : Guardian, Midwestern and Viking Gas Transmission Pipelines Sold to DT Midstream for $1.2 Billion TULSA, Okla. , Dec. 31, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE ) today announced that it has closed the sale of its three wholly owned interstate natural gas pipeline systems to DT Midstream, Inc. (NYSE: DTM ), effective as of 11:59 p.m. Central on Dec. 31, 2024 , for a total cash consideration of $1.2 billion , subject to customary adjustments. "The closing of this transaction represents another milestone in the strategic optimization of our integrated asset portfolio and advances our capital allocation priorities," said Pierce H. Norton II , ONEOK president and chief executive officer. "As the new owner of these pipelines, DT Midstream brings a shared commitment to safety, reliability and excellence that will serve all stakeholders well. "We appreciate the dedication of our employee...

Northleaf Announces the Sale of Mula Solar Farm December 31, 2024 03:00 AM Eastern Time TORONTO--( BUSINESS WIRE )--Northleaf Capital Partners (“Northleaf”), a leading global private markets investment firm, today announced that funds under its management are divesting their majority interest in NCP Mula Solar (Spain), S.L. (“Mula”), a 494 MWp solar photovoltaic plant located in Murcia, Spain. This successful exit reflects the completion of Northleaf’s value creation plan for Mula and will generate significant cash proceeds for Northleaf’s investors. The transaction was conducted alongside minority investment partner Qualitas Energy in a joint sale to China Three Gorges (Spain), S.L.U., an indirect subsidiary of China Three Gorges Corporation, China’s leading clean energy group. Mula is one of Europe’s largest operational solar plants and has a highly contracted financial profile, courtesy of an attractive long-term pay-as-produced power purchase agreement with an investment-grade coun...

All aboard for Woodside Energy's Pluto Train 2 December 22, 2024 08:11 PM Eastern Standard Time PERTH, Australia--( BUSINESS WIRE )--The Scarborough Energy Project has passed another significant milestone with the final Pluto Train 2 modules arriving at the Pluto LNG facility in Karratha, Western Australia. The successful completion of the Pluto Train 2 module program advances the Scarborough Energy Project towards the targeted delivery of first LNG in 2026. Since February 2024, a total of 51 modules, weighing a combined 56,000 metric tonnes, have been shipped to Karratha from the module yard in Batam, Indonesia, where they were built. Expanding the Pluto LNG facility to include a second LNG processing train provides an efficient way to process gas from the offshore Scarborough field. Once operational, Pluto Train 2 will have capacity to process approximately 5 million tonnes of LNG per annum. The expanded Pluto facility includes new domestic gas infrastructure and will have the ca...

Rayonier Announces Pore Space Agreement with Reliant Carbon Capture & Storage Covering Approximately 104,000 Acres December 23, 2024 04:15 PM Eastern Standard Time WILDLIGHT, Fla.--( BUSINESS WIRE )--Rayonier Inc. (NYSE:RYN) today announced that it has entered into an underground pore space easement agreement with an affiliate of Reliant Carbon Capture & Storage covering approximately 104,000 acres in Alabama. Reliant specializes in capturing CO2 emissions from power plants and industrial facilities and safely sequestering this CO2 in subsurface geologic formations. Along with this significant pore space agreement, Reliant is currently completing a front-end engineering design report for a power generating station in the area. “Carbon capture and storage opportunities represent a key pillar of our land-based solutions strategy, and we are encouraged by our progress in securing additional pore space lease agreements,” said Mark McHugh, President & CEO of Rayonier. “As we con...

Ecopetrol announces the agreement to purchase Repsol's 45% stake in block CPO 09 : BOGOTA, Colombia , Dec. 30, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC ) (the "Company") announces that on Sunday, December 29, 2024 , Ecopetrol successfully concluded negotiations with Repsol to acquire the remaining 45% of its stake in block CPO-09, located in the Meta department. With this transaction, Ecopetrol becomes the sole owner of this strategic asset in the Piedemonte Llanero. This block is located in the municipalities of Villavicencio, Acacías, Guamal, Castilla La Nueva, San Martín, Lejanías, El Dorado, El Castillo, and Granada. The transaction was carried out under the right of first refusal granted to Ecopetrol within the framework of the Joint Operating Agreement (JOA) and is the result of the previously announced transaction between Repsol and Geopark on November 29 . With this acquisition, Ecopetrol expect to add approximately 41 million barr...

EQT Closes Midstream Joint Venture with Blackstone Credit & Insurance : PITTSBURGH , Dec. 30, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT ) (together with its subsidiaries, "EQT") announced today that it has closed on the formation and funding of its previously announced midstream joint venture ("JV") with an affiliate of Blackstone Credit & Insurance ("BXCI"; Blackstone (NYSE: BX )).  EQT received $3.5 billion of cash consideration, net of certain transaction fees and expenses, from BXCI in exchange for a non-controlling common equity interest in the JV. EQT used the proceeds from this transaction to pay down its term loan and revolving credit facility and the bridge term loan facility that was used to fund the previously announced redemption and repurchase of certain senior notes of EQM Midstream Partners, LP, including pursuant to a tender offer, which expired and settled today.  Advisors RBC Capital Markets, LLC acted as financ...

Boralex adds another 97 MW in its expanding UK portfolio : EDINBURGH, United Kingdom, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce that it has entered into a joint venture for the development, construction and operation of the proposed 145MW Clashindarroch Wind Farm Extension and adjacent 50MW Battery Energy Storage System (BESS), for a total capacity of 195MW. The project is located near Dufftown in Moray, Scotland. Boralex has been developing this project for a number of years on behalf of Clashindarroch Wind Farm Extension Ltd. Esbjorn Wilmar, Country Director of Boralex in the United Kingdom said : “We are delighted to have become co-owners of this exciting project. We already have extensive experience in the area through the initial development of the 177MW Dorenell Wind Farm. We now look forward to taking Clashindarroch Wind Farm Extension through the remaining stages of development.” Nicolas Wolff, Exec...

Cheniere Achieves First LNG at the Corpus Christi Stage 3 Project : December 30, 2024 08:05 AM Eastern Standard Time HOUSTON--( BUSINESS WIRE )--Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE: LNG) today announced that liquefied natural gas (“LNG”) was produced for the first time from the first train (“Train 1”) of the Company’s Corpus Christi Stage 3 Liquefaction Project (“CCL Stage 3”). The commissioning process continues, and Cheniere expects substantial completion of Train 1 to be achieved at the end of the first quarter of 2025, over six months ahead of the guaranteed completion date. Upon substantial completion, Bechtel Energy, Inc. (“Bechtel”) will transfer care, custody and control of the completed train to Cheniere. Full notice to proceed on CCL Stage 3 was issued to Bechtel by Cheniere in June 2022. CCL Stage 3 consists of seven midscale trains, with an expected total production capacity of over 10 million tonnes per annum (“mtpa”) of LNG. As of November 30, 2024, ...

Emeren Group Signs 7-Year PPA for 15 MWp Solar Farm in Poland News provided by  Emeren Group Ltd Dec 30, 2024, 06:00 ET NORWALK, Conn., Dec. 30, 2024 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") ( www.emeren.com ) (NYSE: SOL ), a leading global solar project developer, owner, and operator, today announced the signing of a 7-year Power Purchase Agreement (PPA). The solar farm, located in Poland's southwest Silesia region, will supply clean energy under a pay-as-produced agreement to the Polish subsidiary of a multinational consumer goods business. The solar farm will generate approximately 14,958 MWh of renewable energy annually, mitigating around 16,150 metric tons of carbon dioxide emissions each year. This achievement aligns with Poland's national climate goals and global decarbonization efforts. Additionally, by supplying clean energy directly to the grid, the project enhances local energy security and supports the diversification of Polan...

Adapture Renewables Delivers Clean Energy Ahead of Schedule With Completion of Texas Project : Despite challenges, Adapture Renewables announces the commercial operation of the 67 MW project in Hunt County, Texas, delivering clean energy ahead of schedule to support the sustainability goals of a Fortune 50 company. December 30, 2024 09:00 AM Eastern Standard Time OAKLAND, Calif.--( BUSINESS WIRE )--Adapture Renewables, Inc., a utility-scale solar and energy storage developer, owner, and operator, this month announced the completion and commercial operation of its utility-scale solar project in Hunt County, Texas. The 67 MW solar facility will generate clean, renewable energy to help to meet the growing demand for electricity in the wake of data center growth. The site will support the corporate offtaker, a Fortune 50 company, as part of its broader sustainability goals to reach net zero targets. Located within the ERCOT market, the project spans 25 acres and includes more than 130,000 ...

Baker Hughes Secures Liquefaction Equipment Order for Woodside Louisiana LNG : Contract awarded by Bechtel for 2 LNG liquefaction plants, featuring main refrigeration compressors driven by LM6000PF+ gas turbines, and expander-compressors Technology scope supports Phase 1 of major LNG export project in North America, with a total overall permitted capacity of 27.6 million tonnes per annum HOUSTON and LONDON, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday an order from Bechtel Energy Inc. (Bechtel) to supply gas technology equipment for two liquefaction plants with a total capacity of approximately 11 MTPA for Phase 1 of Woodside Energy Group Ltd’s (ASX: WDS; NYSE: WDS) (Woodside) Louisiana LNG development opportunity. The order marks a significant milestone as Woodside targets final investment decision (FID) readiness from the first quarter of 2025. The award, which includes eight main refrigeration compressors dri...

Brenmiller’s bGen™ Zero Selected to Power Thermal Energy Storage Project by REBI, a Leading Energy as a Service Company in Spain : 1.4 MWh project to be delivered through Brenmiller Europe S.L., a new joint venture company recently established in Spain as a partnership between Brenmiller Energy, Viridi and Green Enesys REBI has successfully secured a grant under NextGenerationEU to support innovative solutions for thermal energy storage and electric heat December 30, 2024 08:30 AM Eastern Standard Time TEL AVIV, Israel--( BUSINESS WIRE )-- Brenmiller Energy Ltd. (“Brenmiller”, “Brenmiller Energy” or the “Company”) (Nasdaq: BNRG), a leading global energy provider of thermal energy storage (“TES”) solutions to industrial and utility customers, today announced that its bGen™ ZERO TES has been selected to anchor a clean energy project being developed by Recursos de la Biomasa (“ REBI ”) in Spain, a leading Energy Service Company (ESCO) specializing in the decarbonization of residential an...

Ormat Commences Commercial Operation of Montague Energy Storage Facility, Delivering 20MW/120MWh of Energy Storage Capacity to the PJM Market : RENO, Nev., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) (“Ormat” or the “Company”), a leading geothermal and renewable energy technology company, announced today the successful commencement of commercial operations for its Montague energy storage facility. This 20MW/20MWh Battery Energy Storage System (BESS), located in New Jersey, will provide ancillary services on the merchant market to PJM. The Montague project, which is expected to be eligible for a 30% Investment Tax Credit, represents Ormat’s continued commitment to strategically growing its Energy Storage segment in key U.S. markets. With the addition of Montague, Ormat’s total capacity in the PJM market increases to 120MW/120MWh. Doron Blachar, Chief Executive Officer of Ormat Technologies, stated, “We are pleased to announce the successful commencem...

LPO Announces $1.45 Billion Loan Guarantee to Qcells to Finance a Solar Manufacturing Facility in Georgia The Qcells facility will enable deployment of PV energy systems and domestic capability for critical parts of the solar supply chain. Loan Programs Office  December 19, 2024 As part of the Biden-Harris Administration’s Investing in America agenda, the Department of Energy’s (DOE) Loan Programs Office (LPO) announced today the closing of a $1.45 billion loan guarantee to Hanwha Q Cells Georgia, Inc. (Qcells), a leading North American crystalline silicon solar manufacturer. The loan guarantee will support Qcells’ solar supply chain facility in Cartersville, Georgia, which will produce ingots, wafers, cells, and finished solar panels. The facility will be the largest ingot and wafer plant ever built in the United States and will reestablish critical parts of the domestic solar supply chain. The factory will also be the first fully integrated silicon-based solar manufacturing facil...

OCED Announces up to $1.8 Billion in New Funding for Transformational Direct Air Capture Technologies The U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) today opened applications for up to $1.8 billion in funding for the design, construction, and operation of mid- and large-scale commercial direct air capture (DAC) facilities and infrastructure access platforms. Office of Clean Energy Demonstrations  December 19, 2024 The U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) today opened applications for up to $1.8 billion in funding for the design, construction, and operation of mid- and large-scale commercial direct air capture (DAC) facilities and infrastructure access platforms. As part of the  Regional DAC Hubs  program, this funding will help support an ecosystem of projects designed to provide DAC technology and project developers with support at various stages on their commercialization path and ultimately spur the growt...

Climate and Energy Analytics Startup Sunairio Raises $6.4 Million to Help Energy Sector Navigate Unprecedented Grid Volatility Dec 20, 2024, 09:00 ET With funding from leading climate venture capital, energy, and insurance investors, the round will allow Sunairio to grow its team and expand the availability of new climate simulation technology with 1,000 times the resolution of traditional models. BALTIMORE, Dec. 20, 2024 /PRNewswire-PRWeb/ -- Sunairio , the first software company to leverage high-resolution climate data to simulate energy asset risk and grid variability, today announced the close of an oversubscribed $6.4 million round of financing. The round was led by Buoyant Ventures , alongside Constellation Technology Ventures and MassMutual Ventures ' Climate Tech Fund, with additional participation from Rosecliff Ventures and existing Sunairio investors. This brings the total amount that Sunairio has raised to date to $8.8 million. Leading renewables investors, energy tra...

Isometric and Pachama partner on digital verification for reforestation credits Bringing market-leading dMRV to reforestation Ola Sitarska Chief Technology Officer Isometric has selected Pachama as its first partner to bring their market-leading digital monitoring, reporting and verification (dMRV) services to reforestation credits. Effective deployment of technology is fundamental to delivering higher quality, transparent reforestation credits. Today, LiDAR and satellite remote sensing can be used to generate robust canopy height models and advanced spatial algorithms can be used for dynamic baselining. It is critical that MRV approaches in 2025 reflect these best available technologies. Isometric recently launched a certification platform that helps suppliers provide all the required data and evidence to Isometric for verification. With this tool, suppliers can submit, edit and conduct quality control and assurance on their data. Pachama is a leader in dMRV, offering innovative tec...

BAIYU Ventures into U.S. Automotive Parts and Energy Storage Lithium Battery Related Businesses : SHENZHEN, China, Dec. 24, 2024 /PRNewswire/ -- BAIYU Holdings, Inc. has dispatched a professional operating team to launch a business in the dismantling of used cars and the sales of auto parts in the United States. The market size of the automotive dismantling and parts remanufacturing industry in the United States reaches hundreds of billions of USD, presenting tremendous development potential. In the automotive aftermarket, 80% of the parts are remanufactured components, occupying a significant position in the market. Previously, BAIYU Holdings Limited established BMYA NEW ENERGY TECHNOLOGY INC. This company primarily provides lithium iron phosphate batteries, lead-acid batteries, industrial valve-regulated batteries, automotive and electric vehicle batteries, energy storage batteries, and other related products and services. These are widely used in fields such as power and telecommun...