ees 2019
7 December 2017 2017 11:15 AM GMT

Google Leads The Way In Purchasing Clean Energy; Signs 196 MW PPA With Avangrid

Avangrid Renewables, a subsidiary of AVANGRID, Inc. has announced that it has signed its first major wind contracts with Google, a subsidiary company of Alphabet, for 196 megawatts of new South Dakota wind power. The power purchase agreements will cover the full output of Avangrid Renewables’ Coyote Ridge and Tatanka Ridge Wind Farms in Brookings and Deuel counties, each 98 MW, just northeast of Brookings, east of I-29. The two wind farms would produce enough energy each year to power the equivalent of more than 50,000 average households with clean, homegrown energy. Once the wind farms come online, the additional capacity will help Google reach its goal of purchasing enough renewable energy to match its energy consumption for global operations.

“Renewables from projects like Coyote Ridge and Tatanka Ridge bring value to our business as we scale and accelerate investment in the communities where we operate,” said Gary Demasi, Google’s director of global infrastructure. “With solar and wind declining dramatically in cost and propelling significant employment growth, the transition to clean energy is driving unprecedented economic opportunity and doing so faster than we ever anticipated.”

Bloomberg reports that “Google has now signed enough renewables deals to match all of its energy needs this year, though not all the projects are currently operational. The company has agreed to buy 2,397 megawatts of clean power in the U.S. — and 3,186 megawatts overall”. Kyle Harrison, a New York-based analyst at Bloomberg New Energy Finance (BNEF), said that Google’s “electricity consumption is considerable, but for them to meet that already by buying renewable energy is a huge achievement. Google is buying renewable energy across three continents, and has paved the way for dozens of other companies.”

Avangrid Renewables anticipates that the two wind farms would contribute more than $40 million over their lifetimes in combined land lease and tax payments.

“Working with partners like Google who have made a commitment to 100% renewable energy for their global operations is exciting and inspiring,” said Avangrid Renewables President and CEO Laura Beane. “This partnership creates a positive impact in these local communities, delivering jobs, new investment and economic development for rural America while advancing our country’s energy independence.”

In addition to these new projects, Avangrid Renewables already owns and operates the 210 MW Buffalo Ridge II project in Brookings and Deuel counties, the 50.4 MW Buffalo Ridge I project southeast of the proposed Coyote Ridge project, and 50 MW from the 150 MW MinnDakota Wind Farm in Brookings County. Upon commercial operation for Coyote Ridge and Tatanka Ridge, the company will own and operate more than 500 MW of wind power in South Dakota. Avangrid Renewables is finalizing its development work at the Coyote Ridge and Tatanka Ridge projects and expects to be in full construction by 2019.

Image: Courtesy Of Avangrid Renewables, LLC

January 30th 2019
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

January 25th 2019
Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

January 25th 2019
Arsenal Unveil Battery Storage System: First Of Its Kind At A UK Football Club

Arsenal Football Club has unveiled a battery storage system (BSS) to store enough energy to run the 60,000 seater Emirates Stadium from kick-off to full time. It follows a unique collaboration with Pivot Power to install a 2MW/2.5MWh lithium ion BSS, with funds managed by Downing LLP. The project, the first of its kind in the UK, will also save club money as it works to support low-carbon plans. The BSS allows Arsenal to avoid peak power prices, buying electricity when it is cheap and storing it for use when prices are high. Typically, energy can cost three times more at peak times than overnight. The installation maintains Arsenal as the leader in sustainability in sport following its commitment to clean energy with Octopus Energy in 2016.

November 16th 2018
India: Improved Monsoon Winds Help Power Producers in 2018 

After a prolonged period of decline, wind speeds in India during the 2018 monsoon season were significantly higher than normal; and up to 20% higher than long-term averages in some regions. These higher wind speeds benefit wind farm production; welcome news for wind energy operators and investors, who have faced several years of lower-than-normal wind energy production during the monsoon period. These increased wind speeds can thus counter recent patterns of decline contributing to an increase in investor confidence with a data-driven approach.

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