Analysis of investment data from the Cleantech Group i3 platform.
Pacific Gas and Electric and automaker BMW are teaming up to test the ability of EV batteries to provide services to the electric grid; MidAmerican Energy completed work on four of five wind farms across Iowa that make up its Wind VIII project; GE received an order from the Tennessee Valley Authority to supply two high-efficiency 7HA.02 gas turbine generators for the new combined-cycle Allen plant; Appalachian Power plans to rebuild the existing South Bluefield-Wythe 69-kV transmission line; Bechtel partnered with Westinghouse Electric to provide decontamination and decommissioning services for nuclear power plants throughout the U.S.; SunEdison and Omnigrid Micropower signed a framework agreement to develop 5,000 rural projects, representing 250 MW of electricity, throughout India; The Tennessee Valley Authority and DuPont partnered to generate power and steam at TVA's Johnsonville site in Tennessee; and others.
TerraForm acquired 21 U.S. distributed generation solar power plants from SunEdison; Emera closed the sale of its 49 percent interest in Northeast Wind Partners II to First Wind Holdings; Alterra Power completed its sale of its Fallon, Nevada geothermal facility to an affiliate of Cyrq Energy; Accenture agreed to acquire Structure, a provider of consulting, system integration and customized solutions and services to energy and utility clients; and others.
TerraForm acquired 21 U.S. distributed generation solar power plants comprising 26 MW from SunEdison through a series of transactions valued at $47 million. The 21 power plants have long-term contracts with an average remaining life of 20 years. The portfolio has high quality counterparties including municipalities, schools and businesses and is geographically diverse, with plants located in seven US states. TerraForm has funded the purchase of these call right projects with cash on hand.
FERC approved the proposed merger of Exelon and Pepco Holdings; SunEdison and TerraForm Power agreed to acquire First Wind for $2.4 billion; NorthWestern Energy closed on its $900 million purchase of facilities from PPL Montana; Siemens Energy Management partnered with Microsoft and FuelCell Energy to develop the nation's first zero-carbon, waste-to-energy data center; ABB commissioned a power solution that will control power flow and enhance grid stability in Michigan; AES Southland was awarded a 20-year PPA by Southern California Edison to provide 100 MW of interconnected battery-based energy storage; Renewable Energy Systems Americas developed what will be the largest, fully commercial energy storage projects in North America; Westinghouse Electric, China's State Nuclear Power Technology Corp., and Electricity Generation Co. agreed to develop and construct a four-unit nuclear power plant site in the Republic of Turkey. And others ...
SunEdison and TerraForm Power agreed to acquire First Wind for $2.4 billion; Emera will sell its 49% interest in Northeast Wind Partners II to First Wind for $223.3 million; Calpine completed its acquisition of Fore River Energy Center from Exelon for $530 million; NorthWestern Energy closed its $900 million purchase of 11 hydroelectric facilities and one storage reservoir from PPL Montana; juwi solar sold ownership interests in a 50-MW solar facility to Dominion; Dominion acquired a 20-MW solar facility from Canadian Solar.
Siemens will provide the grid connection for an offshore wind farm off the coast of the U.K.; ABB will supply gas-insulated switchgear for substations in New Jersey; A team from the Microgrid Institute will design, simulate, and test microgrid control systems for two Maryland suburbs; Plus solar power developments by Xcel Energy, SunEdison, ReneSola, and Duke Energy; and others…