Brookfield Renewable To acquire Scout Clean Energy and Standard Solar; Vesper Energy places 861 MW module order with Boviet Solar; Intersect Power raises $3.1 billion for 2.2 GW DC solar & storage portfolio; TrinaTracker has launched Vanguard 1P tracker in the US; Enbridge has acquired Tri Global Energy.
Brookfield expands US renewables portfolio: Brookfield Renewable has agreed to acquire renewable energy company Scout Clean Energy and distributed and community solar developer Standard Solar in the US. It will shell out approximately $2 billion for these acquisitions that expand its US renewables portfolio. “We underwrote both transactions without the benefit of the Inflation Reduction Act so the additional incentives now available represent a significant boost to each business,” said Brookfield Renewable CEO Connor Teskey. While Scout has a portfolio of over 1.2 GW operating wind assets and more than 22 GW pipeline of wind, solar and storage projects across 24 states. Standard Solar comes to the company’s portfolio with some 500 MW operating and under construction assets and a pipeline of almost 2 GW.
Brookfield said its development pipeline in the US is now close to 60 GW across wind, utility-scale solar, distributed generation, and energy storage.
Boviet Solar lands 861 MW module order: US module supplier Boviet Solar has secured an order to supply 861 MW solar modules to utility scale projects developer Vesper Energy. It will provide the company’s Vega Series bifacial PERC double glass panels. Vesper Energy will deploy the same for its 680 MW AC projects in Texas and Ohio. The latter has a pipeline of 12 GW of solar and storage projects in North America.
Intersect Power raises $3.1 billion: Solar and storage projects developer Intersect Power, LLC of the US has closed $3.3 billion financing for its 2.2 GW DC portfolio. It comprises $2.4 billion new financing commitments and $675 million previously announced commitments for the construction and operation of 4 solar energy projects made up of 1.5 GW DC PV with 1.0 GWh battery energy storage system (BESS). The 4 projects are identified as Texas located Lumina I and II with some 840 MW capacity, and California stationed Oberon I and II representing close to 685 MW with 1,000 MWh BESS. Intersect said these projects are part of its late-stage portfolio of 2.2 GW solar and 1.4 GWh storage capacity. “These closings culminate a multi-year process raising more than $6 billion to build out one of the largest solar + storage portfolios our country has seen to date which serves as a platform for future growth into green hydrogen and other decarbonization technologies,” said CEO of Intersect Power, Sheldon Kimber.
TrinaTracker launches new tracker in US: TrinaTracker has launched its Vanguard 1P single-row tracker in the US as part of its TrinaPro solution. The solution then comprises the tracker and Trina Solar Vertex modules. Launched at the recently concluded RE+ 2022 event in the US, Trina said the tracker is fully compatible with ultra-high power modules ranging from 400W to 670W+. it adopts the 1P single-row design and includes technological advantages to guarantee higher reliability, higher power generation and optimized balance of system (BOS) cost, it added. The product also includes the company’s proprietary Spherical Bearing for its 3 axes of rotation, and Trina Clamp that it argues reduces installation time by 50%. “To sum up, the tracker has a new 130×130 mm torque tube with round edges that increases bending resistance by up to 12% and torsional by almost a 30%. The torque tube also allows more distance between piles, reducing the number of the structure’s components and consequently leading to an appreciable impact on the installation’s cost,” stated Trina Tracker. TrinaTracker presented its latest technology updates at our recent TaiyangNews Bifacial & Solar Tracker Conference (see Increasing Energy Yields By Up To 8%With SuperTrack Smart ControlMonitoring).
Enbridge acquires Tri Global Energy: Canadian natural gas company Enbridge has completed the acquisition of US based renewable energy company Tri Global Energy (TGE) that operates in the space of onshore and offshore wind, solar and battery storage projects. Since 2009, TGE has developed 8.7 GW power from 37 projects in 7 US states namely Texas, Illinois, Indiana, Nebraska, Pennsylvania, Virginia and Wyoming. It has a development portfolio of wind and solar projects representing over 7 GW of renewable generation capacity. Enbridge has sealed the deal for $270 million in cash and assumed debt. The Canadian company sees this acquisition as enhancing its renewables platform and accelerating the company’s North American growth strategy.