May 17, 2020

Treehuggers oppose world's largest solar power plant in Cali

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Admin
2 min
Blythe Solar Power Project
Construction of the worlds largest concentrated solar plant was approved by the Obama administration to be created in the Mojave Desert of Californi...


Construction of the world’s largest concentrated solar plant was approved by the Obama administration to be created in the Mojave Desert of California. The plant will be developed near Blythe, California, and is the sixth solar venture authorized on federal lands within the last month.

"The Blythe Solar Power Project is a major milestone in our nation’s renewable energy economy and shows that the United States intends to compete and lead in the technologies of the future," Interior Secretary Ken Salazar stated in announcing the approval.

The $6 billion plant will double the country’s solar output and is expected to power a minimum of 300,000 homes. Construction will commence by the end of this year, and production is due to begin in 2013. German-based company, Solar Millennium, believes the plant will produced 1,066 construction jobs, plus 295 permanent jobs.

Environmentalists oppose the project due to concerns over wildlife in that area. To mitigate the project’s environmental impacts Solar Millennium will be responsible for funding over 8,000 acres of habitat for wildlife in the area to migrate. Desert tortoise, western burrowing owl, bighorn sheep and Mojave fringe-toed lizard will need an alternate location to live.

A seventh project on federal lands of California is also expected to be approved in the near future. Once at full capacity, all seven projects have the potential to generate over 3,000 megawatts of power and supply electricity for up to 2 million homes. Additionally, over 2,000 jobs will be created during the construction of these projects, as well as several hundred permanent jobs.

"We're finally going to see solar energy produced on public lands in the United States — and this is something the public wants," said Monique Hanis, a spokeswoman for the Solar Energy Industries Association, a Washington-based trade group.
 


 

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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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