Declan Flanagan

📈 Corporate PPA activity in the ERCOT market has reached 1.8 GW, YTD 2024. Data from the Enerdatics Energy Transition PPA database indicates that ERCOT has seen ~1.8 GW in corporate power purchase agreements (PPAs) since the start of 2024, constituting over 60% of the U.S. total. 💡 Tech giant Microsoft leads the way, having secured ~800 MW across three deals. Meanwhile, new entrants such as UnitedHealth Group, Sonoco, and AdventHealth are also stepping up their sustainability efforts. 🏆 Key Suppliers Making Waves: > Regional Leaders: Primergy, Leeward Renewable, Scout Clean Energy > International Players: Orsted, ENGIE 🤝 Positive PPA negotiations in ERCOT are driven by the market's lower land and interconnection costs, which help mitigate higher interest rates and supply chain issues. 🌟 Top Deals to Note: > Microsoft and Primergy Solar: 408 MW from Ash Creek solar project > Hyundai and Matrix Renewables: 147 MW (Hyundai’s first U.S. PPA) > RTX and ENGIE: ~38 MW from Priddy wind project #CorporatePPA #ERCOT #RenewableEnergy #Sustainability #Microsoft #Hyundai #RTX #ENGIE #Orsted #Primergy #LeewardRenewable #ScoutCleanEnergy #UnitedHealthGroup #Sonoco #AdventHealth

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The bipartisan Energy Permitting Reform Act of 2024 released by U.S. Senators Joe Manchin (I-WV) and John Barrasso (R-WY) takes a much needed step in accelerating the permitting process for critical energy projects in the U.S. As the legislation spornors's state (shared here), our outdated permitting system is stifling our ability to move clean energy projects forward, which in turn has adverse economic effects and inhibits our ability to reduce emissions. I'm glad to see these bipartisan efforts are moving toward fixing a broken permitting system that has shackled American energy production for far too long. #EnergyProduction #EnergyPermitting

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Interesting read on near term electricity reliability planning - growth of intermittent capacity; asset shifts; growing cyber-threats; sector-coupling gas & grid; inter-regional capacity markets and demand growth. A lot to digest. In my view, district energy systems fit perfectly in the mix to support cities, communities and campuses as the energy transition unfolds. https://lnkd.in/eFQr9uGs

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Vitesse Energy, LLC to Buy Bakken Pureplay Lucero in $220MM Deal Vitesse Energy will acquire Lucero Energy Corp.’s Bakken/Three Forks assets, including 25 net remaining locations, 1.9 net DUCs and 20 wells that are candidates for recompletions. Read the full story: https://lnkd.in/gpvguvxb

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Constellation Energy's acquisition of Calpine represents a transformative development in the U.S. energy sector, with significant implications for market dynamics and grid interconnection. The merger's success will depend on effectively integrating diverse energy assets, strategic infrastructure investments, and careful navigation of regulatory landscapes. #EnergyTransition #GridModernization #MarketTrends Via Utility Dive https://lnkd.in/ghzgJnCB

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Adding more baseload power plants to the energy mix can worsen the country’s power supply in the long run, said ICSC’s Energy Transition Advisor Alberto III Dalusung in an interview with ABS-CBN News Channel. This was in response to former Department of Energy Secretary Jericho Petilla’s statement urging the national government to lift the moratorium on coal-fired power plants, citing a need to build more capacity to meet the rising demand as the Philippines continues to struggle with power supply issues. Instead, the Philippines must focus on shifting to a flexible, distributed power system that makes use of various energy sources, including #RenewableEnergy, said Dalusung. “Most of our capacity is baseload coal power plants, they’re a part of our energy mix. But we don’t need more of them; we have too much. We have to take another step back: what kind of new capacities do we really need to address the situation? We need more flexible capacity, and capacity that is distributed along our grid.” Watch: https://lnkd.in/gaBZDh5B Read ICSC’s report on the power outlook for this summer: https://lnkd.in/gdr6Tyu3  #PowerOutlook2024 #EnergySecurityNow

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Last week, Arevon Energy, Inc.’s CEO Kevin Smith shared his insights regarding the technologies, market factors, and policy drivers shaping the renewable energy industry. Jonathan Berke, the host of the NPM US (New Project Media) Interconnections Podcast, posed questions about MISO interconnection reforms, Arevon’s growing presence in CAISO, and how the company views transmission investments.  Kevin highlighted Arevon’s growing portfolio of storage assets, the maturation of battery technologies, and the impact of the IRA’s transferability provision on deal flow. He explained that perceptions around standalone storage as an asset class have shifted over the past couple of years, as lenders are more comfortable with underwriting these projects now. Kevin outlined the unique capital structure for Arevon’s Vikings Solar-plus-Storage Project, Condor Energy Storage Project, Cormorant Energy Storage Project, and Eland 2 Solar-plus-Storage Project, noting that Condor was one of the first deals in the market with a tax equity hybrid transfer structure. He highlighted Arevon’s strong relationships with banking partners, and the company’s tailored approach to project finance, which has resulted in more than $2.3 billion in financing in less than six months. To hear the podcast in full, you can access it here: https://lnkd.in/ewxgHHYm  

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Across August 20-21 in Indianapolis, IPA Director of Renewable Energy Finance Chandrika Mital spoke on a panel at the Midcontinent Clean Energy Summit, presented by Infocast. The panel, titled “Expanding Utility-Scale Solar & Wind,” highlighted transmission constraints for utility-scale renewable energy projects, including siting/permitting challenges, workforce limitations, and new policies that are changing the development outlook for the next few years. Additionally, IPA Chief Legal Counsel Kelly Turner spoke on a panel titled “Expanding Community Solar & DERs.” The panel discussion focused on current regulations and incentives that are encouraging growth in community solar and other distributed energy resources, infrastructure expansions and incentive programs that are needed for continued growth of community solar and distributed generation in the MISO footprint, and more. To learn more, please visit the Midcontinent Clean Energy webpage: https://lnkd.in/gJanhffU #Midcontinent #CleanEnergy #Summit #Infocast #communitysolar #windpower

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Constellation is close to finalizing a $30bn deal to acquire power producer Calpine, a transaction that would significantly bolster its generation capacity amid growing US power demand. The deal, expected to be announced by January 13, is likely to involve a payment structure consisting mostly of stock, with a smaller cash component. Historically, Constellation Energy has worked with Sidley Austin LLP and Bank of America, according to MergerLinks data. #MergersAcquisitionsDivestitures #Energy #PowerProducer

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Hybrid power plants should be able to systematically replace older combustion turbines anywhere in the world. The current push to install new fossil-gas power plants to meet computing demand is incredibly backward looking. The world is changing so fast at this point, if you try to advance while looking backward, you're going to end up flat on your ass, getting trampled by the people passing you.

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Duke Energy sees a need for incremental gas-fired #power to meet demand growth: CEO ▪️ Power demand growth quickly accelerates ▪️ Seeks to relicense all its #nuclear power units ⬇️Story linked in comments #ONGT #electricity #naturalgas

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Duke Energy sees a need for incremental gas-fired #power to meet demand growth: CEO ▪️ Power demand growth quickly accelerates ▪️ Seeks to relicense all its #nuclear power units ⬇️Story linked in comments #ONGT #electricity #naturalgas

As we enter the fourth day of power outages in Texas combined with sweltering heat, the impact of hurricane Beryl illustrates both the impacts of climate change and the critical need to accelerate deployment of climate-tech solutions for a more resilient grid. Hurricane Beryl is yet another warning that climate change is upon us and accelerating. Warmer sea temperatures are driving more brutal and destructive hurricane seasons, with more powerful storms starting earlier in the year and occurring more frequently. While rising global temperatures ensure more frequent and deadly heatwaves - for over a year, every single month has been the hottest in recorded history, making extreme heat the new normal. From India to the middle east to the US, thousands have already died this year due to extreme heat. The combination of increasingly frequent and violent weather events, extreme heat and an antiquated, fragile grid are starkly illustrated by the 1.3 million homes in Texas still without power in the peak of summer heat. But it doesn't have to be this way. Climate-tech solutions, in particular distributed energy resources like solar and storage, are cheap, mature, and infinitely deployable technologies that can massively increase grid resilience and mitigate the compounding risks of heat and power outages during extreme weather events. In a world where roof-top solar and in-home battery storage compete on even playing field with centralized generation and distribution the grid is more resilient and power outages, when they inevitably occur, less deadly. DERs increase grid resilience by shifting generation, storage and distribution to the ultimate load (your home or local area). This takes pressure off the grid by reducing the need for antiquated, energetically inefficient T&D infrastructure that otherwise needed to link generation assets to load, through miles of expensive powerlines, transformers, etc., all susceptible to downed lines and overload. DERs also allow for demand response, load shifting, efficiency-as-a-service and other grid services that can stabilize the grid when power demand and generation capacity are dangerously unmatched. Simultaneously, DERs and microgrids mitigate the worst risks of inevitable grid failures. In home battery storage can keep your fridge running at a time when food and perishable items can't be reached. Rooftop solar can keep your air-conditioning running at the hottest parts of the day, and your cell phone charged, even if it takes days for your local utility to restore power. And these same assets can keep critical communication infrastructure up when emergency services need them most. And that's before even considering the fact that these technologies are already cheaper than conventional energy systems, faster and easier to deploy, and essential in reducing the carbon emissions driving this crisis in the first place. https://lnkd.in/g8bebhA8

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SolAmerica Energy Secures $129 Million Financing for 18 MW Illinois Solar Portfolio SolAmerica Energy has secured $129 million in financing for an 18 MW solar portfolio comprising seven projects in Illinois. The funding includes a $50 million construction loan from KeyBank and a $79 million sale-leaseback tax equity investment from Key Equipment Finance. These solar projects are expected to become operational in 2025. Headquartered in Atlanta, Georgia, SolAmerica Energy specializes in developing and managing community-scale solar projects. The company is owned by funds managed by AB CarVal. KeyBanc Capital Markets acted as the administrative and collateral agent for the transaction, while Key Equipment Finance served as the tax equity investor. Tully Blalock, […] Read the full story here: https://lnkd.in/dYv67-t6 #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #fundraising #greenfinance #northamerica #renewableenergy #solamericaenergy #usa

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Grid analysts challenge Bonneville Power’s pace in adopting advanced conductors--my latest for PV Magazine USA. As the White House encourages utilities to use advanced conductors to help interconnect new renewable generation, the federally-owned utility Bonneville Power is moving slowly to use the high-capacity conductors, analysts said. Mike O'Boyle, Casey Baker, Michelle Solomon #AdvancedConductors

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In case you missed it: Viridi RNG's Chet Benham recently sat down with Hart Energy to discuss how we're redefining RNG by proving that strong economic performance and renewable energy can go hand in hand. Watch the full interview here: https://lnkd.in/ePivRsRb #RNG #renewableenergy #energytransition #sustainability

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🌟 Equity Research Spotlight: Donovan Collins' August Report on NextEra Energy (NEE) 🌟 We are delighted to share insights from Energy sector analyst Donovan Collins' latest August equity research on NextEra Energy, Inc. (NEE). As the world shifts toward renewable energy, NextEra stands out as a leading player with its focus on clean #energy and #sustainability. In a world that's rapidly transitioning to cleaner energy solutions, it's essential to stay informed about innovative companies like NEE. Donovan's research is a must-read for anyone interested in renewable energy investments. At Finance Excellence & Development Society, we are proud of our team's dedication to providing thoughtful and data-driven financial analysis to uncover hidden opportunities in today's dynamic market. A special thanks to Donovan for his thorough research and contributions! 💻 Check Out More Insights through our website https://lnkd.in/g9un2HZg Feel free to dive into our insights and explore more of our detailed reports on various sectors and companies shaping the financial world. Stay tuned for more updates from our team as we continue to explore emerging trends and deliver actionable insights. #EquityResearch #RenewableEnergy #NextEraEnergy #Sustainability #Investing #CleanEnergy

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