From Intersect Power: https://www.intersectpower.com/intersect-power-secures-837-million-in-project-financing-to-build-1-gwh-of-battery-energy-storage-systems-bess-in-texas/ Intersect Power, LLC, (“Intersect Power” or “Intersect”), announced today the closing of two separate transactions representing an aggregate of $837 million of financing commitments for the construction and operation of three standalone Battery Energy Storage Systems (BESS) in Texas. The transactions cover portfolio-level construction debt, tax equity, and term debt financingContinue reading “Intersect Power Secures $837 Million in Project Financing to Build 1 GWH of Battery Energy Storage Systems (BESS) in Texas”
Category Archives: ERCOT
APA Commentary on Texas’ Rising Energy Demand Featured in San Antonio Express-News
APA Vice President Judd Messer outlines how Texas should leverage all available power generation resources to meet rising energy demand. From the San Antonio Express-News: https://www.expressnews.com/opinion/commentary/article/texas-energy-needs-renewables-19554873.php PDF Version Available Here Commentary: As the Heat Rises, Texas Needs All Energy Sourcesby Judd Messer, July 5, 2024 Temperatures are climbing in Texas; so is electricity demand. InContinue reading “APA Commentary on Texas’ Rising Energy Demand Featured in San Antonio Express-News”
Ørsted Celebrates Commencement of First Co-Located Wind and Solar Center in Bee County, Texas
Completion of Sparta Solar marks the Helena Energy Center fully operational as Ørsted’s largest onshore renewable energy project in the U.S. From Ørsted: Mineral, Texas – Ørsted, a leading U.S. renewable energy company, today celebrated the official commencement of the Helena Energy Center, a 518 MW co-located wind and solar facility in Bee County thatContinue reading “Ørsted Celebrates Commencement of First Co-Located Wind and Solar Center in Bee County, Texas”
APA Urges Texas Senate Committee on Business and Commerce to Focus on Building Reliability Through Diverse Complementary Generation Mix
APA Leadership ensuring that the voice of the advanced power generation and energy storage industries is heard inside the region’s state capitols. Advanced Power Alliance Vice President Judd Messer today provided written testimony to the Texas Senate Committee on Business and Commerce. On behalf of APA’s diverse membership with investments across the power generation andContinue reading “APA Urges Texas Senate Committee on Business and Commerce to Focus on Building Reliability Through Diverse Complementary Generation Mix”
Apex Secures Financing for Texas Storage Facilities
First Citizens Bank Arranges Financing of Great Kiskadee and Angelo From Apex Clean Energy: https://www.apexcleanenergy.com/news/apex-secures-financing-texas-storage-facilities/ Apex Clean Energy today announced that First Citizens Bank Energy Finance business served as sole bookrunner and co-lead arranger on financings totaling more than $150 million for two battery energy storage projects in Texas. Great Kiskadee Storage is a 100Continue reading “Apex Secures Financing for Texas Storage Facilities”
Clearway Announces Completion of 452 MW Solar Complex in Texas
Clearway Energy Group (“Clearway”) announced today the completion of its 452 MW Texas Solar Nova complex in Kent County, Texas. The project, completed in two phases, will generate enough electricity to power over 190,000 homes each year. The $660 million investment in West Texas will contribute significantly to the local tax base, starting with anContinue reading “Clearway Announces Completion of 452 MW Solar Complex in Texas”
EDP Renewables and Walmart Announce 15-Year Power Purchase Agreement in Texas
The agreement adds to a long-standing national partnership that includes 431 MW of offtake from both utility-scale and distributed generation sites across North America, EDP Renewables North America LLC (EDPR NA) and Walmart Inc. have signed a 15-year power purchase agreement (PPA) for a portion of a new 180-megawatt (MWac) solar project in Texas. Under the PPA,Continue reading “EDP Renewables and Walmart Announce 15-Year Power Purchase Agreement in Texas”
Texas now leads the nation in solar energy: What that means for the grid – Dallas Morning News
The following editorial appeared in the Dallas Morning News on March 18, 2024. AUSTIN — For about five hours on Feb. 25, electricity for most of Texas cost nothing. As the sun shone on a banner day of near-perfect sunny, mild and breezy weather across the state, wind and solar produced electricity at an unprecedentedContinue reading “Texas now leads the nation in solar energy: What that means for the grid – Dallas Morning News”
Opinion: Messer: The Texas Grid Did Its Job During the Freeze, But the Job’s not Done
The following opinion, authored by Judd Messer, APA Texas Vice President, appeared in the Dallas Morning News on January 22, 2024. Since the winter freeze of 2021, Texas policymakers have been working thoughtfully to ensure the ERCOT grid is able to withstand extreme temperatures, especially during the winter months and for longer periods of time. The LegislatureContinue reading “Opinion: Messer: The Texas Grid Did Its Job During the Freeze, But the Job’s not Done”
New Data Confirms Renewable Energy’s Growing Contribution to the Texas Economy
AUSTIN, TEXAS – Renewable energy and battery energy storage projects continue to generate tens of billions of dollars in tax revenue and landowner payments while contributing significant and essential power generation resources to the electric grid, according to findings showing 2023 growth released by the Advanced Power Alliance (APA), Conservative Texans for Energy Innovation (CTEI), andContinue reading “New Data Confirms Renewable Energy’s Growing Contribution to the Texas Economy”