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Avenue Capital Sells California Natural Gas Portfolio to Partners Group for $2.2B
EDF Renewables, Skytree, & Return Carbon to Develop 500,000-Ton DAC Facility in Texas
Cheniere Completes Train 1 at Corpus Christi Stage 3 LNG Expansion
Engine No. 1 & Crusoe Partner to Launch 4.5 GW AI Data Center Infrastructure
Meta Signs 200 MW Solar PPA with RWE to Power Texas Data Centers
Basis Climate Facilitates Solar & Wind Tax Credit Transfers for ACCIONA Energía
Nexus Renewable Power Secures $100M Investment from BadCarbon for GEMS™ Projects
Quinbrook Secures £238.5M to Build UK’s Largest Solar & Storage Project
Jupiter Power Secures $286M to Build 300 MW Battery Projects in U.S.
Recurrent Energy Secures $183M to Develop 200 MWh Texas Storage Project
The almost headlines
In case you missed
Asset Sale: 11 natural gas plants (9 simple-cycle, 2 combined-cycle) sold from Avenue Golden Continuation Fund to Partners Group.
Hybrid Energy Centers: Includes on-site battery storage to enhance grid reliability & lower emissions.
Long-Term Contracts: Facilities secured up to 15-year agreements with utilities, ensuring stable cash flows.
Financial Impact: Strengthens Partners Group’s energy transition investments, reinforcing California’s energy reliability.
CO₂ Removal Scale: Texas DAC park to capture & store 500,000 tonnes CO₂/year using renewable energy.
Tech & Storage: Skytree provides Stratus DAC tech, while Verified Carbon handles geological sequestration.
Energy Optimization: Uses Behind-the-Meter PPA for stable energy pricing & grid resilience.
Industry Milestone: Aims for gigaton-scale DAC by 2050, supporting long-term climate goals.
LNG Supply Agreement: Woodside to deliver 0.6M tonnes/year of LNG to China Resources Gas International starting 2027.
Market Expansion: First long-term Chinese LNG contract for both parties, strengthening Woodside’s Asia-Pacific presence.
Strategic Growth: Fourth long-term LNG contract since early 2024, reinforcing China’s role as Asia’s largest LNG consumer.
Major Milestone: Train 1 completion ahead of schedule, first LNG produced in Dec 2024, first cargo shipped Feb 2025.
Expanding LNG Output: CCL Stage 3 to add 10M+ TPA of LNG from 7 midscale trains, boosting total to 25M TPA.
Global LNG Impact: Cheniere strengthens U.S. LNG exports, now operating 46M+ TPA LNG capacity worldwide.
Massive Energy Scale: Joint venture to develop 4.5 GW of powered AI data centers across the U.S.
Strategic Alignment: Crusoe’s AI infrastructure & Engine No. 1’s energy expertise to drive reindustrialization & economic growth.
Sustainability Focus: Plans to integrate carbon capture & low-carbon energy solutions for AI-driven workloads.
Industry Impact: Addresses AI’s growing energy demand, ensuring speed-to-market for high-performance computing.
Solar Energy Expansion: Meta to purchase 100% of electricity from RWE’s Waterloo Solar (200 MW, Texas) to power regional data centers.
Multi-State Partnership: Adds to 574 MW of RWE-Meta PPAs, including Illinois (274 MW) & Louisiana (100 MW).
Local Economic Impact: Creates 300+ construction jobs, generating $49M in tax revenue over 40 years.
Construction Timeline: Project breaks ground in late 2025, reinforcing Meta’s 100% clean energy goal.
Funding Led By: Evok Innovations & BDC Capital’s Climate Tech Fund, advancing direct lithium extraction (DLE) tech.
Tech Innovation: denaLi process optimizes water use, lithium recovery, & AI-driven process control.
Industry Traction: Deployed demo plant in Chile, securing major lithium miner collaboration.
Major Tax Credit Transfer: Facilitated PTCs for Fort Bend (240 MW solar), Red-Tailed Hawk (350 MW solar), & Green Pastures (300 MW wind).
Strategic Monetization: Supports ACCIONA’s renewable expansion in Texas, including Cameron County wind farms & Cunningham Battery Storage.
Industry Impact: Basis Climate optimizes PTC sales, connecting renewable developers with buyers for capital efficiency.
Funding for Grid Expansion: Capital targets ERCOT solar & battery storage, accelerating renewable deployment through 2027.
GHG Reduction & Energy Independence: Projected to generate 45,000 GWh, reinforcing sustainability goals.
Market-Driven Approach: Investment model ties financial growth directly to clean energy capacity expansion.
Strategic Partnerships: Managed via Northern Trust Carbon Ecosystem blockchain, ensuring secure voluntary carbon credit transactions.
Project Scope: 373 MW solar + 150 MW battery storage at Cleve Hill Solar Park, Kent, operational by 2025.
Financing Structure: £218.5M term loan & £20M VAT facility via Lloyds & NatWest, backed by government contracts & Tesco PPA.
Decarbonization & Jobs: Expected to cut 142,000 tonnes CO₂ annually, create 2,500+ jobs, & deliver £114M economic benefits.
Battery Expansion: Financing supports Tibbits (Michigan) & Tidwell Prairie (Texas) energy storage systems (300 MW/800 MWh).
Long-Term Agreements: Tibbits under 20-year PPA with Consumers Energy, Tidwell Prairie secured tolling agreement.
Grid Resilience: Strengthens Jupiter Power’s 12 GW energy storage development pipeline.
Financial Partners: Barclays & HSBC lead financing, reinforcing commitment to clean energy infrastructure.
Project Financing: $112M construction loan (Nord/LB-led), plus $71M tax equity investment from Greenprint Capital.
Grid Reliability Boost: Fort Duncan Storage (200 MWh) to supply 66,100 homes for peak ERCOT demand, operational summer 2025.
Construction & Jobs: Built by Burns & McDonnell, employing 75 workers at peak.
Market Growth: Strengthens Recurrent’s energy storage pipeline, supporting Texas grid resiliency.
Tachyus Lands Contract with Anschutz for Aurion Carbon Accounting Platform
GHG Tracking & Forecasting: Anschutz to use Aurion’s cloud-based emissions monitoring platform across operations.
APA & Partners Announce Major Oil Discovery at Alaska’s Sockeye-2 Well
Discovery Details: 10,500-ft deep well, finding 25 feet of net oil pay in high-quality reservoir.
Coreshell Raises $24M to Scale Domestic Silicon Anode Battery Production
Breakthrough Technology: 100% domestically sourced metallurgical silicon anodes, enabling 30% more range & 25% lower cost.
Check out the latest Sunya Stories podcast with Bala Nagarajan from S2G Investments
Bala Nagarajan is Managing Director of the Energy Investment team at S2G Investments.
You can find it on Spotify or Apple Podcasts.
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
