Longroad gets royalty investment for 250 MW Prospero 2 solar project in Andrews County
Altius Minerals Corporation has granted a US$35 million nobility financial investment to Longroad Energy Holdings LLC for its 250 MW (331 MWdc) Prospero 2 solar park in Texas. The bargain was structured using nobility prices that vary in time. The financial investment was made through Great Bay Renewables, a subsidiary that Altius Renewables controls collectively with funds handled by associates of Apollo Global Management.
Great Bay is anticipated to gain a return of 8%-12% on its investment over the preliminary life of the project. Aristocracy income will begin accumulating in January 2022 as well as increase after the initial 5 years of procedure of the solar facility.
Country updates
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August 11, 2021
Recurrent Energy signs PPA deal for the 350 MW/1,400 MWh Crimson battery energy storage project Phase II
Recurrent Energy LLC has secured a 15-year resource adequacy agreement with Pacific Gas & Electric (PG&E) to provide 150 MW/600 MWh of energy storage from the 350 MW/1,400 MWh Crimson bat...
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August 11, 2021
Nofar Energy buys majority stake in Blue Sky Utility
Nofar Energy LTD has acquired 67% of the interest in Blue Sky Utility, a US-based, Commercial and Industrial (C&I) solar and storage developer for a total consideration of US$91 million. The acqui...
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August 10, 2021
BOEM plans environmental impact study for 2.5 GW Kitty Hawk offshore wind project in USA
The US Bureau of Ocean Energy Management (BOEM) has published a Notice of Intent (NOI) to prepare an Environmental Impact Statement (EIS) for the 2.5 GW Kitty Hawk Offshore Wind project offshore North...
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August 10, 2021
Ørsted commissions 367 MW Onshore wind farm in USA
Ørsted has completed the 367 MW Western Trail Wind Farm located in Wilbarger and Baylor counties, Texas.
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August 09, 2021
WEC Energy Group enters deal to acquire 90% stake in Sapphire Sky Wind Energy Center
WEC Energy Group has agreed to acquire a 90% ownership interest in the Sapphire Sky Wind Energy Center. Located in McLean County, Illinois, the project is being developed by Invenergy. The investment...
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