SunEdison agreed to sell 333 MW of wind-power assets to Terra Nova Renewable Partners for $209 million. The two acquired projects are the 185-MW Bingham wind farm and 148-MW Oakfield wind farm, both located in Maine. Construction on Oakfield Wind was completed fall 2015 and it is now online and operating as the largest wind project in New England.
Renewable Energy News
Southern Power’s first wind project, the 299-MW Kay Wind facility in Kay County, Oklahoma, is fully operational. The electricity and associated renewable energy credits (RECs) generated by the facility will be sold under 20-year PPAs with Westar Energy and Grand River Dam Authority (GRDA). Westar Energy has contracted for approximately 199 MW, and GRDA has contracted for approximately 100 MW. Both companies will have the option to either keep or sell the RECs.
Duke Energy developed a proposal for two solar projects in North Carolina that will increase solar capacity in the state. Pending approval from the North Carolina Utilities Commission (NCUC), the company will build two projects that will total more than 75 MW. The 60-MW Monroe Solar Facility will be designed and built by Strata Solar. Crowder Construction will serve as the project EPC lead for the 15.4-MW Mocksville Solar Facility.
Invenergy Wind sold 832 MW of wind power plants to TerraForm Power. A final closing for an additional 98 MW of projects is scheduled to be completed in early 2016. The total enterprise value of the transaction is more than $2 billion. The closing encompasses four power plants, representing 754 MW in the United States and one 78 MW project in Canada.
Dominion closed on the first phase of its previously announced sale of a 33 percent ownership interest in 425 MW of solar generating capacity to SunEdison. Dominion received approximately $180 million for the first phase, which includes an ownership interest in 253 MW of solar generating capacity at 15 sites in five states. The second phase is expected to close by early 2016 for approximately $120 million, subject to working capital and certain other adjustments.
Enbridge acquired a 100 percent interest in the 103- MW New Creek Wind Project, from EverPower Wind Holdings. Enbridge's total investment is approximately $20 million. Located in Grant County, West Virginia, New Creek Wind will comprise 49 Gamesa G97/G90 turbines and is targeted to be in service in December 2016. The project was developed by EverPower Wind Holdings. New Creek will be constructed under a fixed-EPC agreement with White Construction.
NextEra Energy Resources is planning a project to build, own and operate approximately 17 MW of solar facilities on three separate military installations on Oahu. A subsidiary of NextEra Energy Resources will build one ground-mounted fixed-tilt solar system, three carport solar systems and 10 rooftop solar systems. The systems will be comprised of approximately 71,000 Sharp solar modules. Site preparation is underway, and system construction is expected to begin in February 2016 and be completed by year end.
Google signed a deal with EDF Renewable Energy (EDF RE) to purchase renewable energy for its data center. The PPA will provide Google with the full output of the 201-MW Great Western Wind Project located in Woodward and Ellis counties near the base of the Oklahoma panhandle. The project will commence construction in the first quarter of 2016 and be fully operational by end of the year. Great Western will be comprised of 30 V117 (unit capacity of 3.3 MW) and 51 V100 (unit capacity of 2.2 MW) wind turbines supplied by Vestas.
Thermal Energy Partners (TEP), acting through its subsidiary Nevis Renewable Energy International (NREI), and the Nevis Electric Company Limited (NEVLEC) signed a long-term agreement for 25 years of energy supply connected to a geothermal project on the island of Nevis. The first plant of its kind on the island will supply 9 MW of power that is immediately expandable to meet the ongoing power needs of Nevis and easily capable of exporting 40-50 MW of additional power to other islands.
Dominion Energy acquired Amazon Solar Farm U.S. East, an 80-MW solar facility in Virginia from project developer Community Energy. Construction is expected to begin later in 2015. The facility would enter service in fall 2016. The facility's construction was enabled through a long-term PPA with an affiliate of Amazon's cloud computing business, Amazon Web Services (AWS). Interconnection agreements have also been secured with Delmarva Power.