Renewable Energy Trust Capital (RET Capital) closed on over $200 million in financing for four solar projects in the U.S. and Canada. The independent renewable finance platform closed a CAD $115 million non-recourse debt to support the acquisition of two solar facilities in Ontario, Canada.
Ontario Power Authority
ITC Holdings named Krista Tanner as v.p. of ITC Holdings Corp. and president of ITC Midwest; Dean Seavers will be U.S. president and executive director at National Grid; CenterPoint Energy promoted three company executives; Darren Olagues, is expected to become president and CEO of Cleco; American DG Energy appointed Benjamin M. Locke as co-CEO; Ronald J. Tanski, president and CEO of National Fuel Gas Company, was elected chairman of the board of directors at Interstate Natural Gas Association of America; Appointment changes at several associations, and others...
Pattern Energy Group (Pattern Development) entered into a joint venture partnership with Henvey Inlet First Nation to jointly develop, own and operate the 300-MW Henvey Inlet Wind project to be built in Parry Sound District, Ontario. Pattern Development will own a 50% joint venture interest in the 300-MW project, which has a 20-year PPA with the Ontario Power Authority (OPA) for 100% of its expected production.
Renewable Energy Systems Canada (RES Canada) was selected to construct a 10-MW solar PV facility, GoldLight Solar, for Canadian Solar Solutions. Located in Georgina, Ontario in the Regional Municipality of York, construction of GoldLight Solar will begin in summer 2014 with the facility expected to be fully operational by the end of the year. Once completed, the project will provide electricity to the Ontario Power Authority under a 20-year feed-in-tariff (FIT) contract.
Renewable Energy Systems Canada (RES Canada) will construct two 10-MW solar PV facilities for Canadian Solar Solutions (Canadian Solar). The Mighty Solar and Taylor Kidd projects qualify for the province's FIT (feed-in-tariff) program and are scheduled for completion in 2014. The electricity from Mighty Solar and Taylor Kidd will be sold under the 20-year feed-in-tariff contract with the Ontario Power Authority.
Mining price signals in Ontario’s electricity market.
Atlantic Wind and Solar began construction on portfolio 101 representing 12 utility scale rooftop solar PV assets in Ontario, Canada. The utility scale projects, comprising 12 commercial buildings in Mississauga and Brampton in Ontario, represent 1.582 MW AC and approximately 1.9 MW DC of peak power production. Capital cost on the projects are approximately CAD $9.5 million.
Renewable Energy Developers (RED), a developer, owner and operator of renewable energy projects, entered into a binding agreement with Natenco to acquire the Ontario wind project known as Grey Highlands Clean Energy.
Calpine signs PPA with Public Service Company of Oklahoma; TransCanada and Ontario PowerAuthority agree to develop 900-MW gas-fired power plant; Panda selects Siemens to build combined-cycle plant; Progress Energy retires coal plants dating from 1923; Southern Company and Turner acquire 30-MW PV project; PSO begins smart meter pilot rollout; Southern California Edison contracts with Corix to install smart meters; Iberdrola USA hires Burns and McDonnell to review grid infrastructure. Plus contracts and announcements from Itron, eMeter, Echelon, Quanta Services, DNV, Metadigm, Landis+Gyr, and others.