juwi solar (JSI) sold the ownership interests in a 50-MW solar energy facility to Dominion. The project was fully developed by JSI and has a 20-year PPA with PacifiCorp. Currently named “Pavant Solar,” the project will be located in Millard County, Utah on approximately 419 acres of private ranchlands that have been leased to the project. JSI is the EPC contractor for the project and will operate the project for Dominion upon completion.
Southern Power acquired the 150-MW Solar Gen 2 solar facility in California from First Solar. The Solar Gen 2 facility is being built and will be operated and maintained by First Solar. Construction of the project began in 2013. Completion of the project is expected to occur later in the fourth quarter 2014. Southern Power will initially own 100 percent of the project, with First Solar agreeing to acquire a minority interest subject to certain terms and upon fulfillment of certain conditions.
Cleco Corporation entered into a definitive agreement to be acquired by a group of North American long-term infrastructure investors led by Macquarie Infrastructure and Real Assets (MIRA) and British Columbia Investment Management Corporation (bcIMC), together with John Hancock Financial and other infrastructure investors (collectively, "investor group"). The agreement values Cleco at approximately $4.7 billion, including approximately $1.3 billion of assumed debt.
The AES Corporation entered into an agreement to sell its 49.62% equity interest in AES Entek Elektrik Üretimi A.Ş. (AES Entek), a joint venture with KOÇ HOLDİNG A.Ş. and AYGAZ A.Ş., in Turkey, to its partners. The sale represents 100% of AES' interest in assets in Turkey, consisting of 364 MW of operating natural gas and hydroelectric facilities and its interest in a coal-fired development project, for $125 million in equity proceeds to AES. Subject to customary regulatory approvals, this transaction is expected to close by the first quarter of 2015.
Sunshine Gas Producers, a joint venture between DTE Biomass Energy and EIF Renewable Energy Holdings through its subsidiary Landfill Energy Systems, started generating electricity from landfill gas at its recently constructed renewable energy facility at the Sunshine Canyon Landfill.
Trina Solar Limited (Trina Solar) signed a share purchase agreement to sell its 10.6-MW PV power plant located in Trehawke, UK to funds managed by Foresight Group LLP (Foresight). This is the first of two Trina Solar UK projects that connected to the grid in Q1 2014.The utility-scale Trehawke solar power plant utilizes 41,404 Trina Solar TSM-255-PC05A modules that provide high quality, durability and performance. The solar power plant generates 10,300 MWh of electricity every year.
Comverge and Constellation signed an agreement to combine their demand response businesses serving commercial and industrial (C&I) customers. The combined business will be operated as a new standalone company independent from Comverge and Constellation and will focus on delivering a full spectrum of demand response offerings to C&I customers across the United States. The merged enterprise will become one of the largest demand response companies in the industry. H.I.G.
Duke Energy Progress filed with FERC for approval to purchase the North Carolina Eastern Municipal Power Agency's (NCEMPA) generating assets for $1.2 billion. NCEMPA currently maintains partial ownership interest in several Duke Energy Progress plants, including Brunswick Nuclear Plant Units 1 and 2, Mayo Plant, Roxboro Plant Unit 4, and the Harris Nuclear Plant. The Power Agency's ownership interest in these plants represents approximately 700 MW of generating capacity.
NRG Energy acquired Pure Energies Group, a residential solar industry leader in the critical area of web-based customer acquisition. Pure Energies completes the residential solar capabilities NRG has been working to assemble and complements NRG’s acquisition earlier this year of Roof Diagnostics Solar. Pure Energies and its proprietary customer acquisition process will help NRG Home Solar reduce customer acquisition costs while providing a simplified solar adoption process.
PPL Montana has agreed to sell its hydroelectric facilities to NorthWestern Energy. Montana Public Service Commission voted to prepare an order approving NorthWestern Energy's request to purchase the facilities. The agreement includes PPL Montana's 11 hydroelectric power plants, which have a combined generating capacity of more than 630 MW, as well as the company's Hebgen Lake reservoir. PPL Montana and NorthWestern have secured required approvals from FERC, as well as the necessary clearance from the antitrust enforcement agencies.