Ken Gorvy

Exus Renewables North America has begun the repowering of the 139 MW Twin Ridges Wind Farm in Somerset County, Pennsylvania. The Twin Ridges repowering project involves replacing the nacelles and blades of the existing wind turbines while retaining the towers and foundations. The repowering will result in a 30% increase in energy generation for the project. “As the wind energy industry faces increasingly complex obstacles to growth, including a nearly 3 GW interconnection queue of renewable energy projects trying to connect to the grid, repowering has become a path to help meet clean energy goals,” said Jim Spencer, CEO of Exus Renewables North America. “Thanks to these upgrades, the Twin Ridges project will generate clean, reliable and renewable power – and millions in community investment – to the region for decades to come.” Exus Renewables will invest approximately $200 million in the project, creating 150 union construction jobs. It expects to inject over $7.35 million into the local economy through the procurement of materials and services from local suppliers and anticipates that over the 30-year life of the project, more than $100 million will be invested in the community through tax and landowner payments. Vestas-American Wind Technology, Inc. will supply American-made nacelles, hubs, blades, and tower adaptors for the project. #cleanenergy

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💵 AEP Joins Duke Energy and Con Edison in Exiting Renewable Generation in US Deregulated Markets American Electric Power (AEP) is selling its distributed resources business, AEP OnSite Partners, to Basalt Infrastructure Partners for ~$315mn. Post-sale, AEP's operations in the deregulated markets will be focussed solely on retail energy to meet rising demand. 🔋 Portfolio Highlights: – 300 MW of renewable capacity across nearly 100 US sites – 253.6 MW of solar assets, with the rest comprising batteries, fuel cells, etc. – Key markets: Ohio, Minnesota, New Mexico, Connecticut, New York 🚀 Utilities’ Exit from Deregulated Markets: – Since 2023, many US utilities have announced plans to sell unregulated renewables portfolios. – Increased competition following the IRA's passage is driving this trend. – Utilities are refocusing investments on core, regulated businesses, particularly transmission assets. 📄 Recent Major Deals: – AEP's sale of a 1.36 GW portfolio to Invenergy-led consortium for $1.5bn – Duke Energy's divestment of utility-scale business to Brookfield for $2.8bn – Duke Energy's sale of commercial distributed business to ArcLight for $364mn – Con Edison’s sale of Clean Energy Businesses to RWE for $6.8bn – Recently, PG&E and Algonquin have also announced plans to sell their renewable generation businesses in the deregulated markets. #RenewableEnergy #Utility #SolarPower #EnergyTransition #InfrastructureInvestment #RenewableAssets #EnergySector

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Adapture Renewables, Inc. has inked a major deal with Meta, the parent company of Facebook! This agreement involves purchasing 330 megawatts of solar power from utility-scale farms in Illinois and Arkansas. As Gabe Klooster, Senior Development Director, puts it: "These projects for Meta put us on the map." This collaboration is a significant step towards Meta's net-zero goals and a win for the planet. Solar energy is clean, abundant, and increasingly cost-effective. By supporting local grids, Meta helps reduce reliance on carbon-emitting sources. The positive impact of these projects extends to local communities, bringing economic benefits and job creation. #solarenergy #renewableenergy #sustainability #cleantech #meta #greenfuture #solarpower

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North Carolina has seen more than $18 billion in new investments and more than 10,000 new jobs in recent years, with only more to come. Powering this growth will require expanding our electric grid, and the best way to do this is by relying on clean energy resources. Indeed, the state's existing clean resources have been a major driver for some companies--particularly renewable energy manufacturers--to establish themselves in the state. Read more: https://lnkd.in/gZ5kh2T2

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Wholesale power prices for new capacity spiked higher in an auction this week at the PJM Interconnection, which serves the Northeast (including Dominion and Northern Virginia). Analysts say strong demand from data centers are among the reasons, along with generation plant retirements and grid planning snafus. Some data points from Utility Dive: - Analysts say retail price impact is "unclear," but capacity costs were about 8% of customer bills last year. - About two-thirds of the new capacity is sourced from fossil fuels, with nuclear at 21% and wind, solar and hydro at 7%. - Stronger pricing should attract new generation, but interconnection and transmission challenges remain. Here's the Utility Dive piece:  https://lnkd.in/eGvK7NeF Bloomberg and WSJ have additional analysis for those with subs to those sites. Energy markets are complex, but this reinforces the potential for resource constraints to impact pricing. It's a trend to watch. #datacenter #power #utilityygrid #energy #ai

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Continued investment in the grid is an imperative for the #energytransition. #grid #energy transition

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Natural gas has become a bigger part of North Carolina’s #energy mix as the utility phases out coal. The private utility plans to add 9,000 megawatts of new gas-generated #electricity to the #grid in the next decade. #Solar and #wind generation will rise as well, but natural #gas will remain a large part of Duke Energy’s #power generation over the next decade, according to the utility’s most recent #carbon plan proposal. https://lnkd.in/gE9DazBd

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📢 Latest from Impact Investing: TAF has invested $3.25 million in Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) to accelerate #CleanEnergy adoption and reduce carbon emissions. “This investment with CC&L Infrastructure demonstrates the opportunity to earn commercial, risk-adjusted returns while supporting investments that grow the net-zero economy,” said Kristian Knibutat, VP of Impact Investing. With CC&L Infrastructure's commitment to diverse infrastructure projects, including #RenewableEnergy like the Sharp Hills wind farm, we're making significant strides towards #decarbonizing the electricity grid. 👉 https://ow.ly/WsWS50SfAuZ #CarbonEmissions #ImpactInvesting #NetZeroEconomy

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What a great program from GridLab. Taking the plunge into entrepreneurship can be daunting. Don’t let the fear win out. Support like this in the beginning is a great way to help with the transition. Kudos to GridLab

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Today MAREC Action Executive Director Evan Vaughan is offering public testimony on HB 2277, which would codify Governor Shapiro’s Pennsylvania Reliable Energy Sustainability Standard (PRESS).    MAREC Action views HB2277 as a strong piece of legislation - it represents the single largest new market opportunity for energy investment currently under consideration by any state legislature in PJM. Through HB2277, Pennsylvania has an opportunity to diversify its electricity mix with clean and reliable energy storage projects paired with wind or solar.    MAREC Action is strongly supportive of the inclusion of energy storage in Tier 2 under HB2277. One note of concern about the legislation, however, is the strict limitations placed on regional market participants. The legislation as introduced prohibits any regionally sited clean energy projects larger than 150 MW from being able to participate in the Pennsylvania clean energy market. Leveraging the regional market for a portion of Pennsylvania’s electricity supply results in greater competition and the best outcomes for consumers. MAREC Action looks forward to continuing its work with the Pennsylvania General Assembly as the legislation moves forward.   For more information check out the link below: https://lnkd.in/e5_xNBuu

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Excellent opportunity for development of new energy sources

Cleanleaf Energy Secures O&M Contracts for 350 MW Solar Projects in Georgia and Pennsylvania Cleanleaf Energy, previously known as Borrego O&M, has announced new agreements to provide operations and maintenance (O&M) services for utility-scale solar projects totaling 350 MW in Georgia and Pennsylvania. These projects, owned by Heelstone Renewable Energy, include four sites in Georgia and one in Pennsylvania. Heelstone Renewable Energy, established in 2012 with initial projects in North Carolina, expanded into California by 2016. In 2019, Heelstone received an investment from Ares Infrastructure and Power to support its utility-scale solar projects across the United States. In January 2024, Qualitas Energy acquired Heelstone, which had a portfolio of 20 GW of solar and […] Read the full story here: https://lnkd.in/dft4yc6C #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #america #cleanleafenergy #northamerica #renewableenergy #solarprojects

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Yet another bad sign in ERCOT (TX) of potential reliability problems ahead. Yesterday evening 4/16 on a beautiful spring day, power prices jumped to over $4,000/MWh on an 80 degree spring day when solar went from a peak of 14,000 MW to 0 MW and wind went from 23,000 MW in the morning to 5,000 MW in the evening with ERCOT asking for conservation of power throughout the day. So what saved the day? Same as usual natural gas and coal generation went from a combined 16,000 MW in the morning to 43,000 MW to offset the collapse of solar and wind. Said another way, solar and wind went from 50% of the generation for much of the day to 10% in just a few hours while natural gas and coal went from 40% early in the day to over 80% to make up the difference. Many continue to advocate adding intermittent solar and wind generation can replace reliable and dispatchable natural gas and coal generation. The grid will get more unreliable and wild price swing will be unacceptable for most customers. We can much better than this for all U.S. citizens and its economy that relies on reliable power in all hours, not just when the wind blows and the sun shines.

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N.C.’s ratepayer advocate: Duke Energy ‘failed’ to consider incentives that would cut costs & enable more clean energy. https://ow.ly/eSaM50Sr4Wv #CleanEnergy #UtilityCostSavings #CutUtilityCosts #GreenEnergy

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