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Category Archives: Green

EDF Renewables-PGGM  Agreements On US Wind And Solar Projects

EDF Renewables-PGGM Agreements On US Wind And Solar Projects

EDF Renewables North America announced on August 1,2018 the signing of two Purchase and Sale Agreements (PSA) by which PGGM Infrastructure Fund will acquire a 50 percent ownership interest in the following projects: Glacier’s Edge Wind and Valentine Solar. Combined capacity of the projects is 332 megawatts (MW). Completion of the transaction is subject to regulatory approval and customary conditions precedent.

EDF RenewablesEDF Renewables-PGGM Agreements On US Wind And Solar Projects

“EDF Renewables has a long track record of successful investments in the American sustainable energy market. The PGGM Infrastructure Fund is looking forward to building a strong long-term partnership with EDF Renewables.’’ ”

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This transaction follows on an earlier agreement between the two companies concerning three projects for 588 MW. Total capacity of the portfolio (five projects in total) is 920 MW. EDF Renewables will remain a 50 percent co-owner and provide management as well as operations and maintenance services.

The agreement with EDF Renewables is part of PGGM’s fast-growing portfolio of investments in climate solutions for PFZW, the pension fund for Dutch healthcare workers. At this stage PGGM has realized €7 bn. of these investments both in private and public markets. These investments generate market rate financial returns and have measurable positive impact on the world’s carbon footprint.

Nate McMurry, director, divestiture and portfolio strategy for EDF Renewables commented, “PGGM is an ideal partner for this large portfolio of EDF Renewables developed projects. Their focus on long-term investments and interest in a diverse portfolio of wind and solar projects is well aligned with our strategy in North America. This equity partnership with PGGM will help to facilitate EDF Renewables growth.”

Erik van de Brake, head of infrastructure at PGGM commented, “EDF Renewables has a long track record of successful investments in the American sustainable energy market. The PGGM Infrastructure Fund is looking forward to building a strong long-term partnership with EDF Renewables.’’

PROJECT CAPACITY LOCATION TECHNOLOGY
Glacier’s Edge 200 MW Cherokee County, Iowa GE
Valentine Solar 132 MWp Kern County, California First Solar

 

EDF Renewables is one of the largest renewable energy developers in North America with 10 gigawatts of wind, solar, storage, biomass and biogas projects developed throughout the U.S., Canada, and Mexico.

 

Captain Paul Watson of Whale Wars and Sea Shepherd in San Diego Saturday

Captain Paul Watson of Whale Wars and Sea Shepherd in San Diego Saturday

Sea Shepherd Conservation Society Founder Captain Paul Watson will be in San Diego, California, on Saturday July 28th, 2018 from 10am-2pm aboard the M/V Farley Mowat at 1492 N Harbor Drive to talk about our current campaigns that are saving our ocean’s marine life. The M/V Farley Mowat has just returned from the most successful campaign… Continue Reading

San Diego-Based Torrey Holistics Awarded First Adult Use License by California’s Bureau of Cannabis Control

San Diego based Torrey Holistics recently announced that California has chosen the collective to be the first approved Adult Use marijuana dispensary in the state. Thousands of businesses applied for the license prior to the state’s awarding of the first license yesterday. Granting of the license means that as of January 1st, 2018, Torrey Holistics… Continue Reading

Finalists Named for California’s 2017 Cox Conserves Heroes Program, Public Asked to Vote

Cox Communications and The Trust for Public Land are recognizing volunteers who are creating, preserving or enhancing shared outdoor spaces. Finalists for California’s Cox Conserves Heroes program were announced today, and the public is being asked to vote for the winner now through June 23. To vote, visit CoxConservesHeroes.com and select the California area. The finalist with the most public… Continue Reading

Cox and The Trust For Public Land Seek Public Nominations for California’s 2017 Cox Conserves Heroes Awards

$20,000 to be donated to local environmental nonprofits  Cox Communications, in partnership with The Trust for Public Land, is asking the public to nominate their local environmental heroes for California’s 2017 Cox Conserves Heroes awards program. Nominations for volunteers who are creating, preserving or enhancing outdoor spaces are being accepted at CoxConservesHeroes.com through 8 p.m.… Continue Reading

Powerpedia Forms Nonprofit to Provide Free Solar Systems to Orphanages Throughout Baja Mexico and Beyond

Powerpedia, a San Diego-based renewable energy consultancy (http://powerpedia.com) has announced the formation of the nonprofit organization “#GetChargedUp” (http://GetChargedUp.net) to facilitate a multi-year commitment of providing free solar systems to orphanages throughout Baja Mexico and beyond, under its flagship program #EmpowerOrphans. “I recently had a chance to spend the day with children and volunteers at the… Continue Reading