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Mon, Dec

  • Corporate
  • Solar

Investment Capitalizes on Accelerating Growth in C&I Solar Market

SAN DIEGO and NEW YORK CITY (September 24, 2018) – EDF Renewables North America (EDF Renewables), a leading developer in the renewable energy sector and EnterSolar, a leading provider of distributed generation solar solutions to corporate commercial and industrial (C&I) customers, today announced a strategic partnership whereby EDF Renewables will acquire a 50 percent interest in EnterSolar. Together, the companies will offer C&I customers the most comprehensive array of behind-the-meter services.

The partnership leverages EDF Renewables’ unparalleled experience in renewable energy and storage, and its proven long-term expertise in distributed solar solutions to corporate C&I customers internationally, along with EnterSolar’s 12-year solid track record in developing behind-the-meter solar photovoltaic projects for a broad range of corporate clients. As part of the agreement, EDF Renewables is providing growth capital as well as additional project financing capabilities to EnterSolar.

The partnership will allow both entities to capitalize on the strong and accelerating demand for distributed generation solutions from the corporate C&I sector. “We are delighted to announce this partnership with EDF Renewables, which, in conjunction with a strategic investment, provides EnterSolar with enhanced growth opportunities and the ability to further advance our goal of becoming the preferred provider of distributed generation solar solutions to the corporate marketplace,” stated Paul Ahern, president, EnterSolar.

“We are impressed with the quality of the EnterSolar team and the striking natural fit between our offerings. EnterSolar has a remarkable customer satisfaction track record with C&I customers, while EDF Renewables Distributed Solutions brings strength and experience specific to ground-mount solar projects up to 30 MWp alongside behind-the-meter battery storage for the C&I sector. This new partnership will benefit from complementary synergies,” said Raphael Declercq, executive vice president, EDF Renewables. “The partnership now provides our customers with a wider choice of comprehensive distributed energy solutions.”

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  • Storage

SAN DIEGO (October 17, 2018) – EDF Renewables North America Distributed Solutions was chosen by San Diego Zoo Global to provide energy storage services in support of the organization’s fiscal and sustainability planning.   The storage project will reduce energy costs at the San Diego Zoo facility by utilizing a 1-megawatt (MW) /4-megawatt hour (MWh) battery to mitigate spikes in usage thereby lowering demand charges. The system will also minimize energy costs by recharging the battery when energy is at its lowest available rates, and then later discharging that power to the Zoo when costs are highest.

The San Diego Zoo is able to leverage EDF Renewables’ performance-based contract whereby EDF Renewables is only paid based on the actual utility bill savings realized by the Zoo as a result of the battery operation.  Accordingly, the Zoo has no fixed payments and bears no performance risk on the operation of the system.  The battery solution also acts as a hedge against rising utility rates.

Adam Ringler, director of performance improvement stated, “This is a perfect example of how we are identifying and implementing cost-effective energy and green environmental projects as a part of San Diego Zoo Global’s commitment to sustainability. In this case, the savings can be invested into enhancing the Zoo experience, and furthering wildlife conservation and education.”

Andrew Goldstone, director of distributed solutions at EDF Renewables commented, “We are honored to be partnering with such a well-known and respected organization in the San Diego Community.  This is a perfect illustration of how we are bringing decades of experience and our financial stability to serve not only utilities and wholesale markets, but also end-users of energy through our Distributed Solutions group.”

EDF Renewables North America employs over 1,000 people, 400 of which are located at its Corporate Office in North County, San Diego.  The company’s close ties to the region offers the perfect combination of plentiful renewable resources, high electric rates, and sustainable-minded businesses interested in lowering their energy costs with solar and battery storage microgrids.

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Hamburg - The Nordex Group  today announced consolidated sales of EUR 1,772.9 million for the period ended 30 September 2018. Earnings before interest, taxes, depreciation and amortization amounted to EUR 71.4 million, resulting in an EBITDA margin of 4.0 percent.

SAN DIEGO, SUNNYVALE, Calif., MONTEREY, Calif. (Nov. 8, 2018): EDF Renewables North America announced today the signing of two 20-year Power Purchase Agreements (PPA) for the 128 megawatt (MWac) with 40 MW/160 MWh battery storage Big Beau Solar+Storage Project in Kern County, California. Silicon Valley Clean Energy (SVCE) will purchase 55-percent of the output, and Monterey Bay Community Power (MBCP) will purchase 45-percent. The Project is slated to achieve commercial operation by the end of 2021.

SVCE and MBCP jointly launched a competitive procurement process in September 2017 to take advantage of economies of scale for the combined four county service territory. This unique collaboration between these two Community Choice Aggregators (CCAs) allowed for more purchasing power to better-source cost-effective, clean electricity for their communities.

“We are excited to bring online a new California solar-plus-storage project with SVCE and EDF Renewables,” said Tom Habashi, CEO of Monterey Bay Community Power. “Solar development has been a hallmark of California’s renewable energy boom and with the storage component, we can realize the full potential of solar generation.”
“We are delivering on our commitment to our customers to provide reliable, renewable energy that will help us reach our decarbonization goals,” said Girish Balachandran, CEO of Silicon Valley Clean Energy. “This long-term agreement with EDF Renewables for solar-plus-storage shows that as a CCA we have the financial stability to make investments in these kinds of innovative renewable projects.”

EDF Renewables is pleased to be selected by SVCE and MBCP – two forward-thinking CCAs to supply affordable, in-state green energy to their customers. The inclusion of storage provides the agencies with a 100% clean and partially dispatchable product, allowing them to mitigate the “duck curve” risk and press release monetize price spikes,” said Valerie Barros, director of renewables and storage product development at EDF Renewables.

The electricity generated at full capacity is enough to meet the consumption of up to 64,000 average California homes. This is equivalent to avoiding more than 315,000 metric tons of CO₂ emissions annually1 which represents the greenhouse gas emissions from 67,000 passenger vehicles driven over the course of one year.
EDF Renewables is one of the largest renewable energy developers in North America with 10 gigawatts of wind, solar, and storage projects developed throughout the U.S., Canada, and Mexico.

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SAN DIEGO and HOUSTON, Texas (Nov. 14, 2018):  EDF Renewables North America and Shell Energy North America (US), L.P. (SENA) announce the signing of a 15-year Power Purchase Agreement (PPA) for the energy and renewable attributes related to a 100 megawatt (MWac) / 132 MWp tranche of the Palen Solar project known as Maverick 4 Solar Project. The Project expects to deliver clean electricity by the end of 2020.

Palen Solar is located in Riverside County, California on 3,140 acres of federal lands within a Solar Energy Zone (SEZ) and Development Focus Area, managed by the U.S. Bureau of Land Management (BLM).  The BLM recently completed the federal permitting process, issuing the project a Record of Decision (ROD), which sets in motion the path forward for project construction.

“EDF Renewables is pleased to have completed the federal permitting process on Palen Solar.  This 500 MW project uniquely positions EDF Renewables to help load-serving entities like Shell meet their long-term obligations under California’s Renewable Portfolio Standard (RPS) by offering smaller tranches at industry-leading prices,” said Ian Black, senior director, development for EDF Renewables.

“SENA, as one of the largest energy suppliers in the West, is actively growing its renewable power business, building on our strengths and capabilities to bring more clean energy solutions to our customers,” said Glenn Wright, vice president, Shell Energy Americas.  “Working closely with companies like EDF Renewables, and its proven track record as a successful developer of large scale renewables, allows us both to better meet the evolving power needs of our customers.”

Black added, “EDF Renewables is a leading renewable energy counterparty, able to structure offtake agreements around unique needs of clients like Shell Energy North America.  We enjoy our close working relationship with SENA and are excited to announce this agreement to help meet its RPS needs.  We look forward to strengthening our relationship on future contracts with Shell.”

EDF Renewables is one of the largest renewable energy developers in North America with 10 gigawatts of wind, solar, and storage projects developed throughout the U.S., Canada, and Mexico.

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SAN DIEGO and ST. LOUIS (Oct. 22, 2018) – EDF Renewables North America and Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), announced today an agreement by which Ameren will acquire, after construction, the 157 megawatts (MW) Brickyard Hill wind project.

The facility, developed by EDF Renewables, and located in Atchison County is expected to create more than 280 jobs at peak construction along with millions of dollars injected into the local economy.  When operational in 2020, energy produced by the wind facility will power an estimated 47,000 homes. This new generation will help Ameren Missouri meet its goal of reducing carbon emissions 80 percent by 2050, based on 2005 levels.

“Our transition to cleaner forms of generation is building momentum,” said Michael Moehn, president of Ameren Missouri. “Investing in renewable generation, with the majority in Missouri, benefits our customers and the communities we serve by keeping rates steady and increasing economic activity.”

“EDF Renewables is pleased to partner with Ameren to help them execute on the transition to cleaner forms of generation,” remarked Dai Owen, senior director of power marketing at EDF Renewables.  “Wind power, the largest source of U.S. renewable electricity generating capacity, plays a key role at the center of our country’s energy transformation.  Ameren shares in our mission to deliver affordable, clean, reliable energy while at the same time growing the economy.”

The agreement is subject to conditions precedent, including approval from the Missouri Public Service Commission and obtaining a timely and acceptable transmission interconnection agreement from the Midcontinent Independent System Operator.

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