Connect with us

Published

on

Masdar has signed a definitive agreement to acquire a 50% stake in Terra-Gen Power Holdings from Energy Capital Partners (ECP), who will fully exit its position in Terra-Gen in connection with the transaction. 

Established in 2007, Terra-Gen is a provider of end-to-end renewable project development, financing and operating capabilities. It currently operates approximately 2.4 GW of wind and solar and 5.1 GWh of energy storage facilities across 32 U.S. sites, predominantly in California and Texas.

“Our investment in Terra-Gen’s impressive energy portfolio expands our existing U.S. footprint and reinforces Masdar’s long-term commitment across our U.S. portfolio,” says Mohamed Jameel Al Ramahi, CEO of Masdar.

“This transaction unites one of the largest independent renewable energy producers in the U.S. with Masdar, one of the fastest growing clean energy companies in the world. We look forward to working alongside Igneo as our valued partner to accelerate Terra-Gen’s growth and deliver world-class innovation at utility scale in support of the global energy transition.”

The transaction is expected to close by the end of 2024. Igneo Infrastructure Partners will retain its existing 50% stake in the company. The company made its initial investment in Terra-Gen in 2020.

Lazard and Guggenheim Securities are serving as financial advisors and Latham & Watkins is serving as legal advisor to Terra-Gen. BMO Capital Markets and JP Morgan are serving as financial advisors and White & Case and Covington & Burling are serving as legal advisors to Masdar. Mayer Brown is serving as legal advisor to Igneo.

The post Masdar to Acquire 50% Stake in Terra-Gen from Energy Capital Partners appeared first on Solar Industry.

Masdar to Acquire 50% Stake in Terra-Gen from Energy Capital Partners

Continue Reading

Renewable Energy

The Positive Effects We’ve Had on Others Are Profound, Whether We Know It or Not

Published

on

There’s a theory that most people underestimate the positive effects they’ve had on other people.

Yes, that’s the theme of “It’s a Wonderful Life,” but it’s also the core of the 1995 film “Mr. Holland’s Opus,” in which a music teacher who deemed that his life had been a failure because he never completed writing a great symphony, is gently and beautifully corrected. Please see below.

The Positive Effects We’ve Had on Others Are Profound, Whether We Know It or Not

Continue Reading

Renewable Energy

Renewable Energy Concepts Can’t Violate the Laws of Physics

Published

on

In the early days of 2GreenEnergy, my people and I were vigorously engaged in finding solid ideas in cleantech that needed funding in order to move forward.

I vividly remember a conversation with a guy in Maryland who was trying to explain the (ostensible) breakthrough that he and his team had made in hydrokinetics. When I was having trouble visualizing what we was talking about, he asked me to “think of it as a river in a box.”

“Oh!” I exclaimed. “You mean you take a box full of standing water, add energy to it get it moving, then extract that energy, leaving you with more energy that you added to it.”

“Exactly.”

I politely explained that the laws of physics, specifically the first and second laws of thermodynamics, make this impossible.

He wasn’t through, however, and insisted that, in his office, his people had constructed a “working model.”

Here’s where my tone descended into something less than 100% polite. I told him that he may think he has a working model, but he’s wrong; if he believes this, he’s ignorant; if he doesn’t, but is conducting this conversation anyway, he’s a fraud.

“But don’t you want to come see it?” he implored.

“No. Not only would not fly across the country to see whatever it is you claim to have built, I wouldn’t walk across the street to a “working model” of something that is theoretically impossible.”

I tell this story because the claim made at the upper left is essentially identical.  You’re pumping water up out of a stream, and then claiming to extract more energy when the water flows back into the stream.

Of course, social media today is rife with complete crap like this.  We’ve devolved to a point where defrauding money out of idiots is rapidly replacing baseball as our national pastime.

Renewable Energy Concepts Can’t Violate the Laws of Physics

Continue Reading

Renewable Energy

What Canada Has that the U.S. Doesn’t

Published

on

Until recently, I would have moose, maple syrup, and frozen tundra.

Now I would say: decency, honesty, and class.

What Canada Has that the U.S. Doesn’t

Continue Reading

Trending

Copyright © 2022 BreakingClimateChange.com