May 17, 2020

enXco: Acquisition of Beacon for Landfill Gas projects

enxco-acquisition-beacon-landfill-gas-projects
Admin
2 min
enXco
enXco, a North American EDF Energies Nouvelles Company, has acquired Beacon Landfill Gas Holdings LLC. The purpose of the acquisition is to bring Be...


enXco, a North American EDF Energies Nouvelles Company, has acquired Beacon Landfill Gas Holdings LLC. The purpose of the acquisition is to bring Beacon’s portfolio of two high Btu landfill gas projects to EnXco. The projects involve the Imperial and Greentree landfills, operated by Allied Waste Service and Veolia, in Western Pennsylvania. Gas produced at the landfills is collected and processed to eliminate any impurities and meet quality standards for transporting throughout the natural gas pipeline system. Both projects produce enough gas combined to generate 50 megawatts of electricity equivalent.

Technology used at the facilities minimizes landfill gas by 90 percent that would otherwise be flared. Roughly 10,000 standard cubic feet per minute of raw landfill gas can then be used in the same way natural gas produced by drilling would. Methane emissions are reduced as a result of the projects, meaning local air quality is also improved.

Tristan Grimbert, President & CEO of enXco, stated, “The acquisition of facilities that process landfill gas that can be consumed in generating plants complements enXco’s mission to grow a portfolio of renewable generating assets for EDF Energies Nouvelles in North America. We are proud to make the Beacon projects our first entry into the North American LFG sector and hope to build on this success with the addition of LFG generating plants, which together with wind and solar round out our portfolio of assets.”

“The Beacon team is pleased by this transaction and the opportunity to join such a dynamic and growing company as enXco,” commented Jim Schretter, former Officer and Director of Beacon and newly appointed Vice President of enXco LFG Holdings, LLC. “We look forward to applying our depth of experience in the management and operation of these first in class LFG projects to enXco’s already impressive renewable energy portfolio.”





 

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Jul 22, 2021

Octopus Renewables buys Eclipse Power

OctopusRenewables
Renewables
Acquisitions
UK
Dominic Ellis
3 min
The deal, completed with funds managed by Octopus, furthers Octopus’ involvement in the electricity distribution sector

Octopus Renewables has strengthened its electricity distribution profile by fully acquiring Eclipse Power for an undisclosed sum.

The deal, which was completed with funds managed by Octopus, furthers Octopus’ involvement in the electricity distribution sector, having worked with Eclipse since 2018. It will allow Eclipse to continue the expansion of its team, while also investing in its systems, technology, and pipeline, with the ambition of making it one of UK’s leading IDNOs.

Eclipse has secured a portfolio of more than 10,000 connections across residential, industrial, commercial, battery storage and electric vehicle charging customers. Given the focus on electrification of heat, transport and industry in the UK, Eclipse is expected to play an important role in facilitating the UK’s energy transition.

Octopus Renewables is the largest investor of utility scale solar power in Europe, as well as a leading investor in onshore wind and biomass, managing a global portfolio valued at more than £3.5 billion. Institutional investor Nest partnered with the company in March.

Peter Dias, Investment Director, Octopus Renewables, said: “Having worked with Eclipse since 2018 and seeing their exciting growth, we’re thrilled to be able to make this acquisition and support the team to maintain this momentum.

“The acquisition of Eclipse is part of our strategy to identify and back great management teams that are supporting the energy transition. With ongoing support and investment, our investee businesses will have access to the expertise, business networks and financing to be able to scale faster and help contribute towards the UK’s net-zero goals.

“High-quality management of the distribution networks is going to be critical for the UK, and we are very pleased to be directly supporting the decarbonisation of heat, transport, and industry through this acquisition of Eclipse.”

Gary Gay, Managing Director, Eclipse, added Octopus shares a clear understanding of the important role that electricity distribution networks will play in the UK’s drive towards net-zero, and importance of a customer-focussed approach for building future smart distribution networks.

“With that, we are excited to now be part of the Octopus Group, with this investment helping us to reach the next stage of our growth journey and contribute to a greener, more efficient electricity network in the UK.”

Global renewables updates

ReNew Power recently won a 200MW/ac Interstate Transmission System (ISTS) solar generation project in an auction conducted by the Maharashtra State Electricity Distribution Company. ReNew Power expects to sign a 25-Year Power Purchase Agreement with the utility by the third fiscal quarter of 2022 to supply clean energy to Maharashtra at a tariff of Rs 2.43/ kWh (~US$0.033).

Natel Energy, a supplier of sustainable hydropower solutions, has announced a $20M funding round led by Breakthrough Energy Ventures and supported by Chevron Technology Ventures.
The company will use the funding to deploy its Restoration Hydro Turbine (RHT), which enables cost-effective production of distributed reliable renewable energy.

Duke Energy Florida plans to invest an estimated $1 billion in 10 new solar power plants across Florida, including the construction of four new sites, which will begin in early 2022 and will take approximately 9 to 12 months to complete. Construction of all 10 sites is projected to be finished by late 2024.

LG Electronics has made public its commitment to transition completely to renewable energy by 2050 as a key component of its sustainability strategy. 

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