GW

Focus Announces Transformational Transaction; Buckingham Strategic Wealth to Merge with The Colony Group

Retrieved on: 
Monday, May 6, 2024
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Focus Financial Partners Inc. (“Focus”), a leading partnership of fiduciary wealth management and related financial services firms, announced today at its semi-annual partners meeting that it is in advanced discussions to enter into a definitive agreement under which Focus partner firm Buckingham Strategic Wealth , LLC (“Buckingham”), headquartered in St. Louis, will combine with Focus firm The Colony Group, LLC (“Colony”).

Key Points: 
  • Focus Financial Partners Inc. (“Focus”), a leading partnership of fiduciary wealth management and related financial services firms, announced today at its semi-annual partners meeting that it is in advanced discussions to enter into a definitive agreement under which Focus partner firm Buckingham Strategic Wealth , LLC (“Buckingham”), headquartered in St. Louis, will combine with Focus firm The Colony Group, LLC (“Colony”).
  • Adam Birenbaum, currently Chairman and CEO of Buckingham, will serve as the combined company’s new CEO, and Michael Nathanson, currently CEO of Colony and Focus, will shift to serve solely as CEO of Focus.
  • Buckingham is a national investment adviser offering a sophisticated suite of fiduciary services and tools to support individuals, families, nonprofits and other organizations.
  • A leader in evidence-driven investing, Buckingham joined Focus as a partner firm in 2007 and specializes in providing exceptional guidance to help clients realize their financial ambitions.

AES Reports Strong First Quarter Results; Reaffirms 2024 Guidance & Long-Term Growth Rates

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Thursday, May 2, 2024
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ARLINGTON, Va., May 2, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) today reported financial results for the quarter ended March 31, 2024.

Key Points: 
  • "With our first quarter results and our future outlook, I am pleased to reaffirm our full year 2024 guidance and long-term growth rates through 2027," said Stephen Coughlin, AES Executive Vice President and Chief Financial Officer.
  • First quarter 2024 Net Income was $278 million, an increase of $89 million compared to first quarter 2023.
  • Since the Company's fourth quarter 2023 earnings call in February 2024, the Company signed 1.2 GW of long-term contracts for new renewables.
  • The Company's 2024 guidance is based on foreign currency and commodity forward curves as of March 31, 2024.

Mainstream Renewable Power consortium awarded feasibility licence for 2.5 GW offshore wind development in Australia

Retrieved on: 
Thursday, May 2, 2024
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LYSAKER, Norway, May 2, 2024 /PRNewswire/ -- Mainstream Renewable Power ("Mainstream"), the pureplay global wind and solar company majority-owned by Aker Horizons ASA, announced that Gippsland Skies Offshore Wind ("Gippsland Skies"), a consortium of Australian and international companies, comprising Mainstream Renewable Power, Reventus Power, AGL Energy and DIRECT Infrastructure, has been granted a feasibility licence by the Federal Minister for Climate Change and Energy, for a fixed bottom 2.5 GW offshore wind project off the Gippsland region of Victoria.

Key Points: 
  • LYSAKER, Norway, May 2, 2024 /PRNewswire/ -- Mainstream Renewable Power ("Mainstream"), the pureplay global wind and solar company majority-owned by Aker Horizons ASA, announced that Gippsland Skies Offshore Wind ("Gippsland Skies"), a consortium of Australian and international companies, comprising Mainstream Renewable Power, Reventus Power, AGL Energy and DIRECT Infrastructure, has been granted a feasibility licence by the Federal Minister for Climate Change and Energy, for a fixed bottom 2.5 GW offshore wind project off the Gippsland region of Victoria.
  • Mary Quaney, Group CEO for Mainstream Renewable Power, said: "Mainstream is a pioneer in the global offshore wind industry and our track record includes developing the world's largest offshore wind project in operation today; Hornsea 2 in the UK.
  • Gippsland Skies Offshore Wind ("Gippsland Skies") was formed to develop a proposed 2.5 GW offshore wind project in an offshore wind Declared Area in Bass Strait off the coast of southern Victoria.
  • Gippsland Skies is jointly owned by a consortium of Australian and international companies, comprising Mainstream Renewable Power, Reventus Power, AGL Energy and DIRECT Infrastructure.

Mainstream Renewable Power consortium awarded feasibility licence for 2.5 GW offshore wind development in Australia

Retrieved on: 
Thursday, May 2, 2024
Safety, State, AGL Energy, Electricity, University, Eddie O'Connor (businessman), First Nations, Wind, Loy Yang Power Station, Power Station, Climate change, AGL, Workforce, Knowledge, TAFE, Renewable energy

LYSAKER, Norway, May 2, 2024 /PRNewswire/ -- Mainstream Renewable Power ("Mainstream"), the pureplay global wind and solar company majority-owned by Aker Horizons ASA, announced that Gippsland Skies Offshore Wind ("Gippsland Skies"), a consortium of Australian and international companies, comprising Mainstream Renewable Power, Reventus Power, AGL Energy and DIRECT Infrastructure, has been granted a feasibility licence by the Federal Minister for Climate Change and Energy, for a fixed bottom 2.5 GW offshore wind project off the Gippsland region of Victoria.

Key Points: 
  • LYSAKER, Norway, May 2, 2024 /PRNewswire/ -- Mainstream Renewable Power ("Mainstream"), the pureplay global wind and solar company majority-owned by Aker Horizons ASA, announced that Gippsland Skies Offshore Wind ("Gippsland Skies"), a consortium of Australian and international companies, comprising Mainstream Renewable Power, Reventus Power, AGL Energy and DIRECT Infrastructure, has been granted a feasibility licence by the Federal Minister for Climate Change and Energy, for a fixed bottom 2.5 GW offshore wind project off the Gippsland region of Victoria.
  • Mary Quaney, Group CEO for Mainstream Renewable Power, said: "Mainstream is a pioneer in the global offshore wind industry and our track record includes developing the world's largest offshore wind project in operation today; Hornsea 2 in the UK.
  • Gippsland Skies Offshore Wind ("Gippsland Skies") was formed to develop a proposed 2.5 GW offshore wind project in an offshore wind Declared Area in Bass Strait off the coast of southern Victoria.
  • Gippsland Skies is jointly owned by a consortium of Australian and international companies, comprising Mainstream Renewable Power, Reventus Power, AGL Energy and DIRECT Infrastructure.

JinkoSolar Announces First Quarter 2024 Financial Results

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Monday, April 29, 2024
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SHANGRAO, China, April 29, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its unaudited financial results for the first quarter ended March 31, 2024.

Key Points: 
  • SHANGRAO, China, April 29, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its unaudited financial results for the first quarter ended March 31, 2024.
  • Gross profit in the first quarter of 2024 was RMB2.74 billion (US$378.8 million), compared with RMB4.09 billion in the fourth quarter of 2023 and RMB4.04 billion in the first quarter of 2023.
  • Gross margin was 11.9% in the first quarter of 2024, compared with 12.5% in the fourth quarter of 2023 and 17.3% in the first quarter of 2023.
  • It will automatically direct you to the registration page of "JinkoSolar First Quarter 2024 Earnings Conference Call", where you may fill in your details for RSVP.

New Fortress Energy Signs EPC Contract and Begins Construction of 1.6 GW Power Plant to Serve 15-Year Agreement in Brazil

Retrieved on: 
Wednesday, April 17, 2024
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NFE has also issued full Notice to Proceed to the MHI/AG Consortium to begin construction work under the contract.

Key Points: 
  • NFE has also issued full Notice to Proceed to the MHI/AG Consortium to begin construction work under the contract.
  • The power plant will provide firm power capacity under the previously announced 15-year Capacity Reserve Contract (“Agreement”) that NFE acquired from Denham Capital and CEIBA Energy, which closed in March 2024.
  • The power plant will operate under the 15-year Agreement with the Brazilian Chamber of Electric Energy Commercialization.
  • “We are very pleased to announce this EPC Contract and the start of construction for our 1.6 GW power plant in Barcarena.

Pattern Energy Appoints Barry E. Davis and Carla Tully to Board of Directors

Retrieved on: 
Friday, April 12, 2024
Alternative Energy, Energy, Batteries, Technology, Utilities, Sale, Strategic management, Professional corporation, Corporate responsibility, AES, History, Growth, Rest, Culture, Investment, Pattern Energy, AES Corporation, Multimedia, MAP, Biofuel, PBC, Earthrise, Female, Renewable energy

Pattern Energy Group LP (Pattern Energy), one of the world’s largest privately-owned developers and operators of renewable energy and transmission projects, today announced the appointments of Barry E. Davis as Chairman of its Board of Directors and Carla Tully as an Independent Director.

Key Points: 
  • Pattern Energy Group LP (Pattern Energy), one of the world’s largest privately-owned developers and operators of renewable energy and transmission projects, today announced the appointments of Barry E. Davis as Chairman of its Board of Directors and Carla Tully as an Independent Director.
  • View the full release here: https://www.businesswire.com/news/home/20240412244900/en/
    “It is my honor to announce the appointments of Barry and Carla to the Board and welcome them to the Pattern team,” said Hunter Armistead, CEO of Pattern Energy.
  • “The industry-leading team at Pattern has built an organization with a unique business model that is well positioned to take on the challenges of decarbonizing our grid,” said Carla Tully, Independent Board Director, Pattern Energy.
  • Barry E. Davis and Carla Tully officially began their appointment terms in March of 2024.

Bitech Technologies and Bridgelink Merge to Conquer U.S. Battery Energy Storage and Solar Markets, Prepare to Uplist on NASDAQ

Retrieved on: 
Wednesday, April 24, 2024
News, OTCQB, Security (finance), Partnership, NPV, BESS, DCF, Acquisition, Bank statement, Growth, Renewable energy

Emergen was a wholly owned subsidiary of Texas-based Bridgelink Development, LLC ("Bridgelink"), a tier 1 solar and energy storage project development company, to control a pipeline of approximately 5.8 GW (gigawatts) of power in several battery energy storage system (BESS) and solar projects.

Key Points: 
  • Emergen was a wholly owned subsidiary of Texas-based Bridgelink Development, LLC ("Bridgelink"), a tier 1 solar and energy storage project development company, to control a pipeline of approximately 5.8 GW (gigawatts) of power in several battery energy storage system (BESS) and solar projects.
  • Bitech Technologies [BTTC] acquired 5.8 GW pipeline of BESS and solar projects to dominate the US renewable market.
  • "The acquisition of Emergen is expected to strengthen Bitech's position as new player in the green energy sector with projected sustainable operating assets", stated Benjamin Tran, Chairman and CEO of Bitech Technologies.
  • [1] Thanks to the rapid expansion of the solar industry, the U.S. now has about 161 gigawatts of solar installed.

LevelTen Energy North America Q1 2024 PPA Price Index: Window of Stability Offers Opportunity for PPA Buyers as Solar P25 Prices Declined 1.5%, Wind Up 2.4%

Retrieved on: 
Tuesday, April 16, 2024
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SEATTLE, April 16, 2024 /PRNewswire-PRWeb/ -- After years of energy market volatility, North American power purchase agreement (PPA) prices showed increased stability in the first quarter of 2024. P25 solar and wind PPA offer prices increased less than 1% in Q1, according to a new report from LevelTen Energy, operator of the world's largest PPA marketplace. P25 solar PPA prices declined 1.5% over Q1 and P25 wind prices increased 2.4%.

Key Points: 
  • P25 solar and wind PPA offer prices increased less than 1% in Q1, according to a new report from LevelTen Energy, operator of the world's largest PPA marketplace.
  • P25 solar PPA prices declined 1.5% over Q1 and P25 wind prices increased 2.4%.
  • "After years of energy market volatility, Q1 of 2024 showed a rare window of relative stability in PPA prices," said Mumford.
  • All PPA price data in LevelTen's report are based on the prices that developers are offering for PPA contracts, not transacted PPA prices.

Avangrid Submits Multiple Proposals for Transformative New England Wind Projects to Regional Offshore Wind Solicitation

Retrieved on: 
Wednesday, March 27, 2024
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Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today submitted multiple proposals for mature, transformative New England Wind projects to the Massachusetts-Connecticut-Rhode Island multi-state solicitation for offshore wind power.

Key Points: 
  • Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today submitted multiple proposals for mature, transformative New England Wind projects to the Massachusetts-Connecticut-Rhode Island multi-state solicitation for offshore wind power.
  • Avangrid submitted a bid for New England Wind 1, a second bid for New England Wind 1 and 2 combined, and additional bids for single-state procurements in Massachusetts, Connecticut, and Rhode Island.
  • “In powering up the first-in-the-nation Vineyard Wind 1 project, Avangrid proved that American offshore wind is possible.
  • New England Wind 1 will create more than 4,400 full-time equivalent jobs, and bring $3 billion of direct investment to the region.