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Sonatrach and Hecate Energy Partner for Green Energy
oil company Sonatrach has signed a memorandum of understanding with Hecate Energy Global Renewables to collaborate on renewable energy and green hydrogen
Apr 30, 2024 // Solar to Fuel, hecate energy, Sonatrach
United States based Hecate Energy Closes $550 Million Funding Package For Green Ambitions
Hecate Energy, a leading developer of renewable power projects and energy storage space remedies in the United States, today announced the current close of a five-year $550 million credit facility package, inclusive of a $250 million term loan and also $300 million Letter of Credit (" LC") facility to support more growth of its solar and energy storage project pipeline. The new credit facilities will certainly be collateralized by Hecate Energy's ~ 35 GW pipeline of renewables development projects, in addition to its minority possession rate of interests in Hecate Grid. PEI Global Partners functioned as Hecate's unique economic advisor on this innovative and first of its kind financing as well as Winston & Strawn functioned as debtor's counsel. Investec Inc., and also Nomura Securities International led the funding as well as in addition to National Bank of Canada, and Deutsche Bank served as first Coordinating Lead Arrangers and also Syndication Agents, with Generate Capital functioning as a Coordinating Lead Arranger and also Documentation Agent for the purchase. Ten lending institutions participated in the primary syndication and also Norton Rose Fulbright served as lending institutions' advise. In deference to Hecate's track record, this offer has actually been collateralized by its renewables development projects and without a guarantee or various other credit support. The proceeds from the term loan refinanced an existing loan center, at a meaningfully reduced expense to Hecate, as well as the LC center allows Hecate to issue numerous grid interconnection and also PPA LCs allowing it to achieve sales of 5 GW or even more annually. " Support from these top international financial institutions validates Hecate's approach to renewables development and will certainly accelerate our drive to deploy significantly more efficient, and economical renewable resource and storage remedies across the USA," claimed Chris Bullinger, CEO of Hecate Energy. "We are deeply appreciative of our banking partners that share our vision of a lasting clean energy future." " Investec is delighted to have actually closed this effective financing for Hecate," said Fred Petit, Co-Head of Investec's North American Power & Infrastructure Coverage. Vinod Mukani, Global Head of Nomura's Infrastructure and also Power Business (" IPB"), commented, "We are leveraging our worldwide financial and also intellectual capital to offer financing and also customized funding services to business like Hecate Energy, that are assisting to fuel the energy transition, and also this a core focus for Nomura. Executing on this transaction is particularly interesting as Hecate Energy maintains a seasoned as well as skilled team and also an eye-catching business method which we are happy to support." Headquartered in Chicago, Hecate Energy is a top-ten programmer of solar as well as wind generation facilities and energy storage remedies in The United States and Canada.
Jan 25, 2023 // Markets & Finance News, Storage, hecate energy, Chris Bullinger, solar financing, nomura, Vinod Mukani, Fred petit, Investec, PEI global partners, solar in north america
Hecate Energy Taps Bechtel for 360-MW Michigan Solar Project
Hecate Energy has selected Bechtel to design and build the Sunfish Solar 2 project, a 360-MW solar park in Calhoun County, Michigan. This solar plant is part of Hecate's larger multi-phased 1-GW solar development, which will cover 1,300 acres and install approximately 620,000 bifacial solar panels. Construction is slated to commence in late 2024.Once completed in 2026, the Sunfish Solar project is expected to provide renewable energy to around 183,500 homes in Michigan annually. Hecate Energy, founded in 2012, has an extensive development pipeline of over 48 GW across 125 projects in North America. What are the key features and expected benefits of the Sunfish Solar 2 project? Key Features of the Sunfish Solar 2 Project- Capacity: The project will have a capacity of 360 megawatts (MW), making it a significant contributor to renewable energy supply in the region.- Technology: The installation will utilize approximately 620,000 bifacial solar panels, which can capture sunlight from both sides, thus enhancing energy generation efficiency.- Land Use: Covering around 1,300 acres, the solar park is designed to optimize land use while ensuring minimal disruption to local ecosystems.- Multi-Phased Development: Sunfish Solar 2 is part of a larger 1-gigawatt (GW) solar initiative by Hecate Energy, indicating a commitment to large-scale solar infrastructure development.- Construction Timeline: Construction is expected to begin in late 2024, with project completion anticipated by 2026, aligning with growing energy demands and sustainability goals.- Partnership: Hecate Energy has partnered with Bechtel, a recognized leader in engineering and construction, which adds credibility and experience to the project management and execution.Expected Benefits of the Sunfish Solar 2 Project- Renewable Energy Supply: Once operational, the solar park is projected to power approximately 183,500 homes each year, contributing significantly to local energy needs.- Environmental Impact: The project will help reduce carbon emissions and reliance on fossil fuels, supporting Michigan's clean energy goals and combatting climate change.- Job Creation: Construction and operation of the solar park will generate numerous job opportunities in the region, fostering local economic growth.- Energy Independence: By increasing the state's renewable energy capacity, Michigan can enhance its energy independence and reduce vulnerability to energy market fluctuations.- Community Engagement: Hecate Energy is likely to implement community engagement initiatives, promoting local participation and support for renewable energy projects.- Sustainable Infrastructure Growth: The development aligns with broader trends in sustainable infrastructure, encouraging investment in clean technologies and driving innovation in the energy sector.- Long-term Financial Savings: The increased use of solar energy can lead to lower electricity costs over time for consumers due to reduced energy procurement costs and the absence of fuel costs associated with traditional energy sources.By harnessing the power of solar energy through the Sunfish Solar 2 project, Michigan is setting a precedent for future renewable energy endeavors while addressing urgent environmental and economic issues.
Sep 12, 2024 // Plants, Large-Scale, Commercial, USA, Michigan, North America, hecate energy, Solar Project
Hecate Energy gets 1 GWh of Eos zinc batteries for UNITED STATE projects
is thrilled to work with Eos," stated Fazli Qadir, Chief Technology Officer of Hecate Energy. "Eos' technology is a fantastic suitable for the longer-duration application
Nov 4, 2020 // Storage, USA, North America, hecate energy, Eos Energy Storage, Joe Mastrangelo, Fazli Qadir
Hecate Energy secures permit for New York's 'biggest' solar project
private infrastructure investment in western New York, claimed Harrison Luna, Hecate Energy's project developer for the Cider Solar Farm. "This permit marks a
Jul 28, 2022 // Plants, Large-Scale, Commercial, USA, New York, North America, hecate energy, permitting, new york state
Repsol goes into United States PV market with Hecate stake
signed a contract to acquire 40% people solar as well as storage programmer Hecate Energy, as part of efforts to expand its renewables company. The purchase of a risk
May 13, 2021 // Plants, Markets & Finance News, Storage, USA, North America, hecate energy, repsol, Maria Victoria Zingoni
Hecate Energy first to utilize Ideematec's latest trackers in solar project
Newberry solar project," stated Preston Schulz, director of growth for Hecate Energy. "Ideematec's trackers are necessary to assisting Hecate satisfy our objective
Nov 17, 2020 // Plants, Large-Scale, Commercial, USA, North America, Ideematec, hecate energy, Solar Project, Preston Schulz, Philipp Klemm
Hecate's 150-MW Solar Project: Powering Virginia's Future
renewables developer Hecate Energy has received a permit to construct a 150-MW solar park in Virginia, with plans to begin construction in 2028. The approval
Apr 24, 2024 // Plants, Large-Scale, Commercial, USA, Virginia, North America, hecate, PV Power Plant
Hecate Energy Wins El Paso Bid
Hecate Energy has won the 100 MW Santa Teresa Project. The project is part of the 350 MW solar generation and storage developed to add clean energy to the EPE system.
Dec 23, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, hecate energy, Adrian J. Rodriguez, EPE
Greenbacker purchases 50 MW of NY solar projects from Hecate
vendor is Chicago-based renewables designer Hecate Energy LLC, which formerly offered 2 20-MW solar projects to GREC that are arranged to browse the web in late 2022.
May 6, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, hecate, greenbacker, solar projects
Ground damaged on 600-MW of Hecate-developed solar projects
Building and construction has actually been released on 600 MW of solar photovoltaic (PV) parks in Texas and Ohio, both possessed by electric utilities, project designer Hecate Energy LLC claimed on Friday.
May 24, 2021 // Plants, USA, North America, hecate energy, solar farm
Hecate Energy Sells 514 MW Solar Plant to Tokyo Gas America
Hecate Energy (Hecate), among the biggest privately-held independent solar power development companies in the US, has actually introduced the sale of its 514 MW a/c Aktina Solar PV nuclear power plant located in Wharton County, Texas, to Tokyo Gas America, a wholly-owned subsidiary of Tokyo Gas. The last closing is arranged for August 5, 2020. Upon conclusion, Aktina Solar is anticipated to be the biggest solar PV project in Texas as well as one of the biggest in the United States. The project is set up to begin in Q3 2020, as well as the very first blocks will certainly be functional by Q3 2021. The project will certainly supply reliable tidy solar energy to the fast-growing Houston market and also bordering location for the coming decades. The company mentioned that the project enhances Hecate's approach to create large-scale renewable resource projects in calculated locations across the US close to demand centrEs that support grid decarbonisation efforts. In April, I Squared Capital, through its ISQ Global Infrastructure Fund I, completed the sale of Chenya Energy to Marubeni Corporation. Chenya Energy is a devoted solar development, building and construction and also operating platform in Taiwan and was a wholly-owned subsidiary of Asia Cube Energy, a pan-Asian sustainable portfolio firm started by I Squared Capital in 2017. " In 3 years under I Squared Capital's stewardship, Chenya Energy expanded from 2.3 to 344.4 megawatts of solar capability across multiple modern technologies, consisting of floating, ground-mounted and rooftop services. The firm is presently constructing the globe's biggest floating solar project and also has proliferated to come to be the largest solar system in Taiwan," claimed Gautam Bhandari, Managing Partner at I Squared Capital.I n April 2019, the company had sold 100 percent risk in Amplus Energy Solutions Pte Ltd, a leading Singapore-based business with a profile of distributed, renewable energy properties in Asia, to Petroliam Nasional Berhad (Petronas), Malaysia's completely incorporated oil as well as gas significant.
Jul 30, 2020 // Plants, Markets & Finance News, USA, Texas, pv power plants, North America, hecate energy, solar plant, Tokyo Gas, International, Gautam Bhandari, Tokyo Gas America
Greenbacker acquires 110MW PV portfolio in New York from Hecate
Wheeler, CEO of Greenbacker, said: “We are excited to partner with Hecate Energy LLC to develop and construct the NY Solar Portfolio, adding significant, high
Jan 7, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, New York, Charles Wheeler, North America, hecate, greenbacker, Chris Bullinger
Hecate Energy files application to build biggest solar project ever in New york city State
to approximately 2,800 acres of land throughout the two communities. " Hecate Energy has been an exceptional companion with our community since the first day,"
Jun 9, 2021 // Plants, Large-Scale, Commercial, USA, North America, hecate energy, Solar Project, Harrison Luna, Donna Hynes
Honeywell's 20 MW ESS For Hecate Energy in New Mexico
as well as analytics performance. Collectively, these capabilities will allow Hecate Energy to precisely anticipate and optimize energy expenses at the site as well as
Mar 1, 2022 // Plants, Storage, USA, North America, New Mexico, hecate energy, Honeywell ESS