Tag: Solar

Anheuser-Busch Expands Solar Capabilities in Los Angeles Brewery

Stuart Mitchell

Anheuser-Busch, the country’s largest brewer and a leading American manufacturer, has announced a $64 million investment at its Los Angeles brewery that will enable sustainable innovations and create jobs. The investment is part of the brewer’s announcement made earlier this year to invest $1 billion over two years in its facilities to help accelerate the nation’s recovery and drive economic prosperity in communities across the U.S. “Our planned $1 billion investment in our facilities over the next two years is about supporting our local communities by creating and sustaining jobs during…

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Lightsource BP to accelerate global solar growth with further investment from BP

Stuart Mitchell

The management of Lightsource BP and BP have agreed to equalise their shareholdings in Lightsource BP to create a simplified 50:50 joint venture structure. As part of the transaction, BP will purchase newly-issued equity in the business to help accelerate Lightsource BP’s growth, supporting its ambitious drive towards 10GW of developed assets by the end of 2023. In December 2017, BP acquired 43% of Lightsource which was subsequently rebranded to Lightsource BP. Today, BP has agreed to purchase additional equity in Lightsource BP to become an equal partner in the business with…

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LevelTen Energy’s Dynamic Matching Engine Enables Starbucks to Close on a Groundbreaking Three-Project Renewable Energy Portfolio

Stuart Mitchell

LevelTen Energy have announced the close of a three-project renewable energy portfolio purchased by Starbucks, comprising wind and solar farms in North Carolina, Oklahoma and Texas from developers ALLETE Clean Energy, Apex Clean Energy, BayWa r.e. and Cypress Creek Renewables. The portfolio, custom-built for Starbucks using LevelTen Energy’s technology-enabled procurement platform, aggregates three strategically-located power purchase agreements (PPAs), each with nearly-identical terms, from three distinct project developers. This portfolio transaction, in which a corporate buyer simultaneously procures a fraction of the power generated by multiple new projects, is unprecedented. The…

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Lightyear unveils the first long-range solar car on June 25

Stuart Mitchell

The prototype of the first long-range solar car will be unveiled in the Netherlands on June 25th. The announcement was made today by Lightyear, the Dutch pioneer in clean mobility. The Lightyear One, their proof of concept car, will be the first concrete step towards Lightyear’s mission of making clean mobility available for everyone, everywhere. Designed to maximize solar and battery rangeLightyear’s approach uses several innovations to free the driver and take the car anywhere. The Lightyear One was designed from the ground up to solve two of the biggest…

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Walmart, SunPower Announce 23-Megawatt Solar Agreement

Stuart Mitchell

Walmart has announced that it has reached an agreement with SunPower to have the commercial energy provider install solar systems at 19 stores and two distribution centers in Illinois. As part of the project, a mix of rooftop and ground-mount solar systems are expected to account for 23 megawatts, with start of construction targeted for the first half of 2019. This commitment moves Walmart closer to its 2025 goal of supplying its global operations with 50 percent renewable energy. According to the U.S. Environmental Protection Agency (EPA) Greenhouse Gas Equivalencies…

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