Transmission

Pattern Energy Closes $11 Billion Financing of Largest Clean Energy Infrastructure Project in U.S. History

Retrieved on: 
Wednesday, December 27, 2023
Commercial Building & Real Estate, Utilities, Construction & Property, Sustainability, Environment, Alternative Energy, Energy, Building Systems, Slate, Quanta, EPC, Royal Bank of Canada, Intesa Sanpaolo, Banco Santander, Investment, Scotiabank, CPP Investment Board, Santander Bank, Multimedia, CoBank, Electricity, General Electric, Royal Bank, Snell, Investment banking, Pattern Energy, KfW IPEX-Bank, Letter, Lincoln, Carbon, History, CPP, BNP Paribas, S.A, Principal, Riverstone Holdings, Société Générale, Bank of America, HVDC, Wells Fargo, KV, Sumitomo Mitsui Banking Corporation, Banco Bilbao Vizcaya Argentaria, Transmission, Bank, Export Development Canada, KFW, MUFG Bank, Sumitomo Mitsui Trust Holdings, ACB, National bank, National Bank of Canada, Desjardins Group, Security (finance)

Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.

Key Points: 
  • Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.
  • “Our hope is this successful financing of the largest clean energy infrastructure project in American history serves as an example for other ambitious renewable infrastructure initiatives that are needed to accelerate our transition to a carbon free future,” said Hunter Armistead, CEO of Pattern Energy.
  • “We are very grateful to all of our financial partners who are backing SunZia as part of this record-setting project financing.
  • SunZia Transmission and Pattern Energy have partnered with the New Mexico Renewable Energy Transmission Authority (RETA) on the development of the transmission project in New Mexico.

Saudi Fund for Development Provides Over $580 Million in Development Loans to African Countries for Key Vital Projects

Retrieved on: 
Friday, November 10, 2023
Professional Services, Health, Hospitals, Commercial Building & Real Estate, Finance, Construction & Property, Urban Planning, Memorandum of understanding, SFD, National Road (M)1 (Serbia), Transmission, Developed country, National Road, Watershed, Hospital, Construction, Saudi Fund for Development, Multimedia, Boarding, Torri del Benaco, Rehabilitation, Island, Expansion, Science, Conference, AFC, Cape Verde

The Saudi Fund for Development (SFD) Chief Executive Officer, H.E.

Key Points: 
  • The Saudi Fund for Development (SFD) Chief Executive Officer, H.E.
  • Sultan Al-Marshad, signed 14 new development loan agreements worth $580m with 12 African ministers to fund projects in Angola, Burkina Faso, Benin, Burundi, Cabo Verde, Guinea, Malawi, Mozambique, Niger, Rwanda, Sierra Leone, and Tanzania at Saudi-Arab-African Economic Conference in Riyadh.
  • On this occasion, the CEO of SFD, H.E Sultan Al-Marshad, said: “The SFD is proud to continue partnering with African countries through contributing towards supporting development projects that will have a tangible impact on the lives of millions of people.
  • With these new agreements and MoU, we are taking a step further towards a brighter and more equitable Africa.”
    SFD has funded over 400 sustainable development projects worth US$10.7 billion in 46 countries, accounting for 57% of its funding in developing countries.

Lithium Ionic Secures Grid Power Connection Contract with Cemig for Sustainable Electrification of the Bandeira Lithium Project, Minas Gerais, Brazil

Retrieved on: 
Tuesday, October 31, 2023
Lithium, Internal rate of return, ESG, Feasibility study, LTH, Transmission, Electricity, FS, Maintenance, BRL, Carbon footprint, Techno-economic assessment, FSE, Renewable energy, Electric power, Construction, CEMIG

Cemig is the largest electricity distributor in Brazil, serving, through its network extensions, approximately 96% of the State of Minas Gerais.

Key Points: 
  • Cemig is the largest electricity distributor in Brazil, serving, through its network extensions, approximately 96% of the State of Minas Gerais.
  • Lithium Ionic has commissioned an independent NI 43-101 compliant Feasibility Study (“FS”) for Bandeira, which is expected to be completed in early 2024.
  • Following the construction and a technical inspection by Cemig, the transmission lines and substation will be transferred to Cemig.
  • Bandeira Project Location, Existing Substation and Transmission Lines, and New Electrical Infrastructure Layout Connecting Bandeira to Existing Power Grid

PJM Announces Organization Changes

Retrieved on: 
Thursday, November 2, 2023
Transmission, PJM, Federal Energy Regulatory Commission, Operation, News, Electricity, FirstEnergy, PECO, Engineering, Multimedia, Information Technology Services Agency, Air War Plans Division, Chief of Policy and Plans Department, McGlynn, ReliabilityFirst, Asthana, Planning Division, Information technology, Seiler, Urban planning, Midcontinent Independent System Operator, PJM Interconnection, Management, Cryptocurrency

VALLEY FORGE, Pa., Nov. 2, 2023 /PRNewswire/ -- PJM announced today that Kenneth S. Seiler, Sr. Vice President – Planning, will retire April 1, 2024, following a distinguished career for the nation's largest regional transmission organization.

Key Points: 
  • VALLEY FORGE, Pa., Nov. 2, 2023 /PRNewswire/ -- PJM announced today that Kenneth S. Seiler, Sr. Vice President – Planning, will retire April 1, 2024, following a distinguished career for the nation's largest regional transmission organization.
  • "We are grateful for Ken's many contributions to the entire organization and employees over the past 23 years," said Manu Asthana, President and CEO.
  • Prior to joining PJM, Seiler was employed by Metropolitan Edison Company/GPU Energy for nearly 14 years in various engineering and operations roles.
  • For the latest news about PJM, visit PJM Inside Lines at insidelines.pjm.com .

Natural Rubber Coated Fabric Gains Momentum as Eco-Friendly Material Amid Rising Environmental Concerns

Retrieved on: 
Thursday, November 2, 2023
Transmission, Synthetic, Chemical substance, Personal protective equipment, Region, Transport, Tree, Volume, Project delivery method, Brazilian jiu-jitsu ranking system, Table tennis rubber, Growth, Health, USD, Agriculture, Aircraft, Natural rubber, Speciality chemicals, Beauty salon, Industrial

By type, the natural rubber coated fabric is expected to be the second larger segment during 2023 to 2028.

Key Points: 
  • By type, the natural rubber coated fabric is expected to be the second larger segment during 2023 to 2028.
  • The latex of rubber trees, which is used to make natural rubber coated fabric, is regarded as a renewable and biodegradable resource.
  • Industries and consumers looking for environmental-friendly solutions is driving demand for natural rubber coated fabric.
  • Rubber coated fabric offers resistance to physical, chemical, and penetrating concerns, acting as a barrier against these occupational risks.

Fundamentals of The Texas ERCOT Electric Power Market: Register Now for the 2 Day Industry Seminar (Houston, United States - December 7-8, 2023)

Retrieved on: 
Saturday, October 28, 2023
Knowledge, Transmission, ERCOT, Public policy, Non-wires alternatives, LTSA, IRP, Ancillary services (electric power), Erongo Battery Energy Storage System, Distributed generation, International Renewable Energy Agency, Valuation, Rensselaer Polytechnic Institute, Electricity, Bayes Business School, DER, Battery, DSM, Power engineering, MS, Energy demand management, World Bank, LMP, ISO, Doctor of Philosophy, Gas, Natural gas, Renewable energy, Electric power, Cryptocurrency, Auction, Electric battery, Economics, Wind

DUBLIN, Oct. 27, 2023 /PRNewswire/ -- The "Fundamentals of The Texas ERCOT Electric Power Market" training has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Oct. 27, 2023 /PRNewswire/ -- The "Fundamentals of The Texas ERCOT Electric Power Market" training has been added to ResearchAndMarkets.com's offering.
  • Gain an understanding of the dynamic Texas wholesale and retail competitive markets, and learn how these markets interface with ERCOT ISO energy auctions and ISO operations.
  • Understand, enhance and apply knowledge of the ERCOT' nodal market operations for Energy, Ancillary Services, Market Settlements, Capacity, Retail and Renewables.
  • The key wholesale and retail stakeholders and market participants are, and how their activities shape ERCOT's operations.

Allison Transmission Selected for Australian Armored Vehicle Project as Part of Hanwha's Redback

Retrieved on: 
Wednesday, October 18, 2023
Automotive Manufacturing, Aftermarket, EV, Electric Vehicles, Automotive, Manufacturing, Vehicle Technology, Performance & Special Interest, Other Defense, Off-Road Trucks & SUVs, Defense, Machinery, Transmission, Penske Corporation, Redback, Australian Defence Force, Multimedia, M113 armored personnel carrier, Allison, Allison Transmission, United States biological defense program, Rail transport, Hanwha Group

View the full release here: https://www.businesswire.com/news/home/20231018362929/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231018362929/en/
    Allison Transmission’s X1100 Series™ integrates steering and braking into one compact, rugged unit for heavy-tracked combat vehicles like the Redback, Hanwha’s newest tracked vehicle.
  • (Photo: Allison Transmission)
    The Redback is Hanwha’s newest tracked vehicle which was selected to be Australia’s Infantry Fighting Vehicle of the future following rigorous competition with other industry leaders.
  • The advanced vehicle weighs over 40 tons, includes a 30 mm cannon and anti-tank missiles, while carrying 11 soldiers.
  • “Allison has partnered with Hanwha in South Korea for more than 25 years,” said Dana Pittard, Allison Transmission’s Vice President for Defense Programs.

Fundamentals of The Texas ERCOT Electric Power Market: Register Now for the 2 Day Industry Seminar (Houston, United States - December 7-8, 2023) - ResearchAndMarkets.com

Retrieved on: 
Thursday, October 12, 2023
Utilities, Energy, Energy demand management, Erongo Battery Energy Storage System, Knowledge, DER, Transmission, Bayes Business School, ERCOT, MS, LMP, Valuation, Rensselaer Polytechnic Institute, Electricity, Natural gas, Battery, International Renewable Energy Agency, DSM, ISO, Doctor of Philosophy, World Bank, Gas, LTSA, Public policy, IRP, Non-wires alternatives, Power engineering, Ancillary services (electric power), Distributed generation, Electric power, Renewable energy, Cryptocurrency, Auction, Electric battery, Economics, Wind

The "Fundamentals of The Texas ERCOT Electric Power Market" training has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Fundamentals of The Texas ERCOT Electric Power Market" training has been added to ResearchAndMarkets.com's offering.
  • Gain an understanding of the dynamic Texas wholesale and retail competitive markets, and learn how these markets interface with ERCOT ISO energy auctions and ISO operations.
  • Understand, enhance and apply knowledge of the ERCOT' nodal market operations for Energy, Ancillary Services, Market Settlements, Capacity, Retail and Renewables.
  • The key wholesale and retail stakeholders and market participants are, and how their activities shape ERCOT's operations.

HVDC Transmission Market worth $14.9 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, October 3, 2023
Toshiba, Component, LCC, General Electric, NKT A/S, Mitsubishi Electric, DC, Electricity, NKT, AC, Open Rack, Ceramic capacitor, Carbon, Automation, Wind, Transmission, Hardware, Communication, Growth, Commercial, Region, Industrial, HVDC, Siemens Energy, Electric power, Software

Bulk power transmission to lead the HVDC transmission market during the forecast period.

Key Points: 
  • Bulk power transmission to lead the HVDC transmission market during the forecast period.
  • LCC-based transmission to account for the largest share of the HVDC transmission market from 2023 to 2028.
  • In Asia Pacific, China is the major market for HVDC transmission industry due to the constantly growing demand for power in the country.
  • High power quality reliability and stability of power transmission are the major requirements of the power industry in the region, which are driving the growth of the HVDC transmission market in this region.

HVDC Transmission Market worth $14.9 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, October 3, 2023
Toshiba, Component, LCC, General Electric, NKT A/S, Mitsubishi Electric, DC, Electricity, NKT, AC, Open Rack, Ceramic capacitor, Carbon, Automation, Wind, Transmission, Hardware, Communication, Growth, Commercial, Region, Industrial, HVDC, Siemens Energy, Electric power, Software

Bulk power transmission to lead the HVDC transmission market during the forecast period.

Key Points: 
  • Bulk power transmission to lead the HVDC transmission market during the forecast period.
  • LCC-based transmission to account for the largest share of the HVDC transmission market from 2023 to 2028.
  • In Asia Pacific, China is the major market for HVDC transmission industry due to the constantly growing demand for power in the country.
  • High power quality reliability and stability of power transmission are the major requirements of the power industry in the region, which are driving the growth of the HVDC transmission market in this region.