Banco Santander to sell 26.8% stake in 125 MW Crescent Dunes
Banco Santander plans to exit its indirect 26.80% passive equity stake in the Crescent Dunes concentrating solar thermal project. The stake will be directed to Cobra Energy. The financial terms are not disclosed to the public. The Banco Santander is a company based in Spain.
The facility is located in Nye County, Nevada, USA. It has a capacity of 125 MW. Because of the deal, Cobra Energy will have increased indirect upstream ownership in the project. The power output of the project is sold to Berkshire Hathaway Energy subsidiary Nevada Power Co. under a long-term power contract.
Cobra Energy plans to appoint a member to the facility’s board of managers upon the completion of the deal. Once set, the company’s increase in its ownership stake will not be passive. The parties requested FERC approve the transaction by March 30.
Country updates
-
-
February 14, 2019
EnBW, Energiekontor sign PPA for 85-MW solar park in Germany
EnBW Energie Baden-Württemberg AG and Energiekontor AG have signed a long-term power purchase agreement (PPA) for a solar park planned by Energiekontor. The planned solar park east of Rostock is...
Read more -
February 14, 2019
Platte River signs PPA for 20 MW solar PV project in US
Platte River Power Authority plans to install 20 megawatts of new solar power capacity at its Rawhide Energy Station. Following an open house with neighboring property owners in mid-January 2019, Pla...
Read more -
February 14, 2019
Axium Infrastructure completes acquisition and financing of the Brooklyn Navy Yard Cogeneration Partners (BNYCP)
Axium Infrastructure has completed the acquisition, and financing of the acquisition, of Brooklyn Navy Yard Cogeneration Partners, L.P., which owns the Brooklyn Navy Yard cogeneration facility, a 286...
Read more -
February 13, 2019
The Home Depot adds a third offsite wind project
The Home Depot is expanding its wind-powered renewable energy program by adding a third offsite wind project. The company will purchase enough wind energy from the Pretty Prairie Wind Project in Kansa...
Read more -
February 13, 2019
WEG acquires Northern Power Systems' energy storage business
WEG S.A. has announced the acquisition of the Energy Storage System (ESS) business of Northern Power Systems (NPS), a company that designs, develops and manufactures energy storage systems in Barre, V...
Read more
