Lightsource BP signs PPA deal with Allianz Global for 153 MW Briar Creek solar project
Lightsource BP has signed a proxy generation power purchase agreement (pgPPA) with the Capital Solutions unit of Allianz Global Corporate & Specialty (AGCS), in partnership with Nephilia Climate, for the output of the 153 MW Briar Creek solar photovoltaic project in Texas.
The proxy generation PPA is an innovative way to structure the power output that intends to manage the risk from weather-related incidences. The deal is similar to virtual PPA except it settles energy on proxy generation index rather than the metered generation.
During the contract, REsurety Inc will serve as the calculation agent to realize the deal.
The project will be built in Navarro County, about 40 miles from Dallas in Texas.
Country updates
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January 20, 2021
Ameren completes USD1.4 billion transmission project in US midwest
Ameren Transmission Company of Illinois (ATXI), a wholly owned subsidiary of Ameren Corporation, has completed and energized the final span of the Illinois Rivers Project, a 375-mile, 345,00...
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January 19, 2021
Excelsior closes inaugural renewable energy fund at US$504 million
Excelsior Energy Capital has announced the final close of its inaugural fund, Excelsior Renewable Energy Investment Fund I LP, with total capital commitments of US$504 million, exceeding the Fund&rsqu...
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January 19, 2021
Excelsior Renewable Energy Fund reaches final close at USD504 million
Excelsior Energy Capital (“Excelsior”), a leading independent North American renewable energy investor, announced the final close of its inaugural fund, Excelsior Renewable Energy Investme...
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January 19, 2021
NRG completes Direct Energy acquisition
NRG Energy Inc. has completed the acquisition of Direct Energy from Centrica plc. Direct Energy adds over three million customers across North America to NRG’s leading retail portfolio, growing...
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January 19, 2021
Invenergy secures construction financing for 250 MW Phase I of 1.3 GW Samson Solar Energy Center in Texas
Invenergy LLC has secured construction financing to support the 250 MW Phase I of the 1.3 GW Samson Solar Energy Center project in Texas, USA. The entire project requires an investment of...
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