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ContourGlobal has entered the U.S. renewables market with the acquisition of a 151 MW solar portfolio comprised of two projects in South Carolina. 

Commercial operations for both projects are planned to start in 2029.

The projects have signed long-term PPAs, and all grid interconnection studies have been completed at the time of the transaction. Both were acquired from Sun Tribe Development, with CRC-IB serving as exclusive buy-side advisor to ContourGlobal and EOS Capital serving as exclusive sell-side advisor to Sun Tribe.

“The acquisition of these solar PV assets, currently in the late development stage and supported by a valuable PPA with stable revenue, marks our entry into the U.S. renewables market, where we anticipate significant future growth,” says Antonio Cammisecra, ContourGlobal CEO.

“This transaction, with a reliable development partner such as Sun Tribe, is the first success of ContourGlobal’s newly formed global Business Development team, which fully focuses on accelerating our growth in renewables and on the progressive decarbonization of our thermal portfolio. Our Engineering & Construction is now tasked with ensuring smooth project execution and harvesting the latest technological improvements that will come to the market as we begin construction.”

ContourGlobal is a KKR company.

The post ContourGlobal Acquires 151 MW Solar Portfolio From Sun Tribe Development appeared first on Solar Industry.

ContourGlobal Acquires 151 MW Solar Portfolio from Sun Tribe Development

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Renewable Energy

Myth Busting in Renewable Energy

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I met a guy earlier today who told me that wind and solar are controversial, and that some people say that the mining and manufacturing of wind turbines requires more fossil fuels that the turbines themselves produce.

I told him that I’m aware of such people; they’re called “professional liars.”

I explained the concept of EROI, energy return on investment, and surprised him by saying that the EROI of wind is somewhere between 18 and 30, meaning that each wind turbine you see as you drive along the freeway will generate at least 18 times as much energy as was required in its mining, fabrication, installation, maintenance, and decommissioning–all the way up to 30 times that amount.

The generation of disinformation of renewables has become a cottage industry.  People are paid to make up and publish complete bullshit, so as to discredit the burgeoning clean energy industry, and keep Big Oil in place.

Myth Busting in Renewable Energy

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Renewable Energy

Thanking God for Trump

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As bad as things are in the United States, they could always get worse.

Trump could succeed in his quest to be a dictator, Christianity could be taught in schools, and unvaccinated adults and their kids could trigger another epidemic.

In terms of our reputation on the world stage, however, things really can’t get must worse; the countries around the globe already regard us with a mixture of hate and derision.

Yet regardless of what the future holds, there will always be idiots who that believe that Trump is our savior, like the author of the meme above.

Thanking God for Trump

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Renewable Energy

Eastman Disbarred

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Good to see John Eastman disbarred in California; it’s a small measure of justice.

Criminal prosecution in the future?

Eastman Disbarred

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