Ranger Solar will sell power to CT from its 220MW portfolio of solar PV projects located in VT and MA. Bid prices were redacted. NextEra Energy will build and operate Ranger Solar's first 20MW project located in VT.
VT RFP for new generation winning bidders solar PV 8.9c/kWh, AD to Power 20.8c/kWh. About 10MW available. 32 proposals submitted. 9 projects awarded. Low bidder from 2016 VT RFP Sybac Solar 7.5c/kWh did not bid.
Eversource shortlisted 3 bidders for 1.2GW portfolio asset sale.
Power hedges offered to clean energy projects by banks and insurance companies. Citi 13-year financial hedge for wind farm located in TX. Equity from Aussie superfund with $130BN AUM AMP Capital (www.ampcapital.com.au). Allianz 10-year financial hedge for 150MW wind power project located in TX.
50MW McNeil biomass power project located in VT offered to provide heat to 100 acres of greenhouse. Winning bidder proposed to make 100,000 tons of compost.
51.2MW biomass power project located in OR provided steam to greenhouses.
Oil & Gas
Short positions on Brent at record levels.
Public negative perception of O&G industry in “Last Cycle”.
Lack of attractive infrastructure investment, abundance of liquidity. ECB hinted at reducing bond buying that might increase rates in the EU and the US. Chadbourne, that has been an active counsel to clean energy, merges with Norton Rose. China accepting new technologies for power generation like CSP + Storage and Aquaponics. Neo Energy is developing AD to Power in VT. Natures Fresh Farms executed LOI to build greenhouses adjacent to power projects. It would use heat and absorb CO2. Natures Fresh Farms has an operating farm in Ohio. Walgreens cancels merger with Rite Aid. Will buy 2,200 stores for $5BN. Pay $325k termination fee. Will expand in the NorthEast. Private equity firms acquiring companies for their distribution networks rather than stores. Sycamore acquired store operator Belk, Dollar Express and mall + web-based specialty retailer Hot Topic. Bankrupt stores include Sports Authority, Rue21, Gymboree and BCBG Max Azria. Closed Loop Fund potential equity investor. $100MM social impact investment fund committed to finding a solution to recycling gap. New York Green Bank investments in clean tech almost $350MM. Target $1BN investment in New York’s clean energy market. World Economic Forum estimates the recycling industry could be worth US$1TN worldwide and US$26BN in Australia by 2025. Waste is the #2 business in China.