Nov 27, 2020

Total Eren finalises £56.11m financing of Brazil wind farms

Renewables
Financing
Brazil
Dominic Ellis
3 min
Financing agreement will provide funding for two wind farms providing 160MW in state of Rio Grande do Norte
Financing agreement will provide funding for two wind farms providing 160MW in state of Rio Grande do Norte...

Total Eren has successfully finalised the financing of its 160MW wind portfolio, which is currently under construction in the Brazilian state of Rio Grande do Norte.

In a statement, the leading Paris-based renewable energy Independent Power Producer said that the £56.11 million, long-term financing agreement was provided by Banco do Nordeste (BNB), a prominent Brazilian development bank, covering its Terra Santa and Maral wind farms. 

Total Eren has secured the financing for its two Brazilian wind farms through the issuance of a long-term financing agreement, with a maturity of 22 years.

BNB acted as the sole lender for the transaction. A limited/non-recourse letter of credit was provided by three commercial banks active in Brazil, namely Sumitomo Mitsui Banking, Banco do Brasil, and Banco Santander. The total investment cost of the Terra Santa and Maral complex reaches £115.6 million, the statement adds.

“We are pleased to have finalised the financing of our first wind projects in Brazil, Terra Santa and Maral. I would like to thank our financing partners: Banco do Nordeste, Sumitomo Mitsui Banking, Banco do Brasil, and Banco Santander, as well as our teams for their excellent work in achieving this transaction despite the current context related to the COVID-19 pandemic. Looking ahead, we are confident that we will be able to increase our footprint in Brazil and the development of new renewable energy projects in the country in the next years,” said Laurence Juin, chief financial officer of Total Eren.

Terra Santa (92.3 MW) and Maral (67.5 MW) both hold 20-year private Power Purchase Agreements (PPAs) and are expected to reach commissioning by mid-2021. Once completed, they will generate 720 GWh per year, enough to supply the needs of approximately 400,000 Brazilian homes. 

The two wind farms will contribute to a low-carbon environment in Brazil and enhance socio-economic development with about 900 workers on site during construction and 16 during the operation and maintenance phase, Total Eren says.

“These financings confirm the long-term partnership that we have established with Banco do Nordeste do Brasil, since our first solar projects BJL 11 and BJL 4 were already financed by BNB. We are also delighted to open new relationships in Brazil with three new financing partners, respectively Sumitomo Mitsui Banking, Banco do Brasil, and Banco Santander. We have been able to work toward a financial close in a complicated period, and we look forward to building new projects together,” adds Pierre-Emmanuel Moussafir, managing director of Total Eren Brazil.

Active in Brazil since 2013, Total Eren aims to provide competitive renewable energy for both private and public customers. In addition to Terra Santa and Maral, Total Eren owns three solar PV plants in operation in Brazil: Dracena (90 MWp), BJL 11 (25 MWp) and BJL 4 (25 MWp). All of them benefit from a 20-year PPA signed with CCEE (Câmara de Comercialização de Energia Elétrica).

In addition to its 300MW of renewable energy assets in Brazil, Total Eren owns 190 MWp of solar capacity under construction in Chile and 180 MW of solar and wind power plants in operation or under construction in Argentina. 

BJL 11, the first solar power plant to be commissioned by Total Eren in Brazil with 25MW capacity, is pictured. 

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May 4, 2021

Awesense launches digital clean energy marketplace

Renewables
Digitaltransformation
cleanenergy
Dominic Ellis
3 min
The Awesense Marketplace aims to provide a common framework for companies to collaborate towards the future of clean energy and digital transformation

Awesense has launched what it claims is the only energy-focused repository of solutions built to drive the industry's decarbonization agenda.

The Awesense Marketplace aims to provide a common framework for companies to collaborate towards the future of clean energy and digital transformation, uniting applications, solutions and algorithms to solve energy and grid challenges.

Solutions listed on the marketplace cover a range of cases, and launch companies include Doosan GridTech, Kitu Systems, vadiMAP, LO3 Energy, ENGIN, Utilidata, Clir Renewables, ChargeLab, SensorLink, Exeri, Easy SmartGrid, and Athena Power.

“We are welcoming a new era in the decarbonization of energy systems,” said Mischa Steiner, CEO of Awesense. “The goal of achieving a clean energy future requires collaboration amongst key industry players in the utilities and energy sectors. Sharing resources through the Marketplace means that our customers and partners have a truly seamless approach as we work towards our common goal - ultimately, decarbonizing the world’s energy system.”

Utilities, consulting companies, and other organizations struggle to develop solutions that can be scaled across many jurisdictions due to complex data integration and the lack of a standard, open data model. Using the solutions offered throughout the Marketplace, organizations can rapidly accelerate their transition to a decentralized, decarbonized future and develop solutions that are scalable across industry. The platform will open up new revenue streams in areas such as:

  • Distributed energy resource integration and control

  • Electric vehicle charging

  • Demand response and smart-home management

  • Grid services

  • Intelligent asset management

  • Transactive energy

  • Microgrid management

  • Advanced distribution system management

The new marketplace builds on Awesense's Digital Energy Platform, a digital twin based energy analytics platform that allows utilities to scale at the same pace as the rapidly changing technology landscape of the energy grid.

Together, the Open Energy Data Model and the Awesense Marketplace removes hurdles around data mapping and transformation, expedites data preparation and refining, and provides a common framework for companies to collaborate.

“The energy-specific data model allows utilities, technology companies, consulting firms, and other vendors to build solutions that can be easily integrated by other energy companies, to make a real impact on the industry as a whole, and develop new revenue streams for their organizations” said Steiner. “We’re looking forward to seeing the Awesense Marketplace grow as more partners committed to energy decarbonization join us.”

There are no simple solutions to putting the world on a sustainable path to net-zero emissions, according to the IEA. Reducing global CO2 emissions will require "a broad range of different technologies working across all sectors of the economy in various combinations and applications." it notes

Renewable Energy Hub of South Australia formed

Amp Power Australia has established the Renewable Energy Hub of South Australia, a strategic portfolio of large scale integrated Solar PV, Wind and Battery Energy Storage assets located in South Australia. The hub also includes the siting of the Spencer Gulf Hydrogen Energy Ecoplex, forming part of the South Australian Government's Hydrogen Action Plan. 

The portfolio, acquired from EPS, includes three large Solar PV projects totalling over 1.3 GW of generation, located at Robertstown (636 MW), Bungama (336MW) and Yoorndoo Ilga (388MW) with a total BESS capacity of up to 540MW across the portfolio.

Amp's expansion in Australia will include the implementation of Amp X, a proprietary digital energy platform 100% owned by Amp, which provides a diverse portfolio of disruptive and interoperable grid edge solutions, and includes a smart transformer, which enables real-time autonomous management and optimised dispatch of all forms of distributed generation and loads across the grid. 

Palmetto recently opened its marketplace in Arizona, and is now serving 20 states across the country, claiming its proprietary technology, marketplace business model, and consumer mobile application "are all designed to democratize access to clean energy".

 

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