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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

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    SeaMade secures €250m European loan for Belgian offshore wind farms

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    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

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    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

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    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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    GE’s digital power transformers selected for multiple projects across the globe

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    bp to invest up to £18 billion in UK energy system by 2030

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    Statkraft seeks planning nod for 49.9-MW Scottish wind farm

    VSB Group Expands in France with Acquisition of 143.5 MW Wind Power Portfolio

    Norway to invest in renewable projects in developing countries

    Italian Solar Farms, Matrix in Strategic Partnership with Energia Aljaval

    China installed 48.2 GW of new solar capacity in 2020

    Solek Group signs deal to build solar power plants in Chile

    Trina Solar betting on largest wafer size and third cut cells for 500W-plus modules

    TotalEnergies to Acquire SunPowers Commercial & Industrial Solar Business

    Vattenfall Wind

    UK Government grants consent for Vattenfall’s Norfolk Vanguard Offshore Wind Farm

    New DNV GL class rules for floating offshore wind energy expands industry horizon

    Norway to launch 1.5 gigawatt offshore wind tender

    Atlas and Hitachi to develop energy storage systems for renewable projects

    Velto Renewables supports the 360 MW offshore wind farm London Array

  • Market Moves
    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

    Ferroglobe Hydro power

    Ferroglobe completes sale of Spanish hydro facilities to TPG Sixth Street Partners

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Summit Energy Services Announces Merger with Schneider Energy Consulting

    SeaMade secures €250m European loan for Belgian offshore wind farms

    SeaMade secures €250m European loan for Belgian offshore wind farms

    Xcel Energy agrees to buy Mankato Energy Center for $650m

    UK renewable energy overtakes fossil fuels, despite Brexit fears

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    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

    Protermosolar adds value to the Spanish concentrated solar power industry in China

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    GE’s digital power transformers selected for multiple projects across the globe

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Cordelio Power Expands Into New York Market with SunEast Transaction

in News, Renewable Power
Cordelio Power Expands Into New York Market with SunEast Transaction

Cordelio Logo (CNW Group/Cordelio Power)

Cordelio Power is pleased to announce the acquisition of a 900 MWAC pipeline of utility-scale solar projects from SunEast Renewables LLC. The projects are located primarily in New York, including over 600 MWAC of projects fully contracted under 20-year agreements with the New York State Energy Research Authority. The remainder of the portfolio is comprised of early-stage projects located in New York and Pennsylvania. Cordelio expects the projects to be placed into service beginning in 2023.

In connection with the acquisition, SunEast has entered into an agreement to work with Cordelio on an exclusive basis to complete the development of the acquired projects and to develop new renewable power projects in New York and other eastern US markets.

“We are delighted to expand into these new markets with the SunEast team,” said John Carson, Cordelio’s Chief Executive Officer. “We look forward to several years of growth in New York and elsewhere as we advance the existing pipeline and originate new projects.”

“We are very excited about the opportunity to partner with Cordelio to efficiently transition SunEast’s portfolio of development assets into construction and operation” said Tom Swank, President of SunEast Development.  “Cordelio brings both the skill set and financial capability to complete development and build an operating portfolio of solar projects that will provide clean, sustainable, cost-effective renewable power to customers in our target markets.”

About Cordelio Power

Cordelio is a renewable power producer that manages an operating portfolio of over 1,200 MW of renewable power assets in Canada and the USA. We also oversee a growth pipeline of over 7,500 MW of wind, solar and storage projects spread across the USA. We perform all of our operations and growth activities with a view toward working with all stakeholders in an efficient, safe and environmentally responsible manner. Cordelio is wholly owned by Canada Pension Plan Investment Board.

About SunEast

SunEast was founded in 2018 as a partnership between SunEast Development LLC and Alliance Fund II, LP (a fund managed by North Sky Capital and advised by New Energy Capital). SunEast has built a development portfolio of 1 GWAC of solar projects in New York, Pennsylvania, and Maryland.

SunEast Development LLC is a privately held, full-spectrum solar development company with offices in Malvern, PA, Old Lyme, CT, and Palm Beach Gardens, FL. SunEast Development and its affiliates, in partnership with recognized leaders in the energy industry, have managed the development of over 50 utility-scale solar projects in ten states.

About North Sky Capital

North Sky Capital, now in its 22nd year, has deployed more than $1.1 billion across more than 125 impact investments. North Sky is focused on impact private equity and sustainable infrastructure investments that support positive environmental and social change while delivering strong financial returns. North Sky is based in Minneapolis with additional offices in New York and Boston. For more information, visit northskycapital.com.

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LatestNews

News

bp to invest up to £18 billion in UK energy system by 2030

May 14, 2022
Giant offshore wind energy projects to be built in Irelands seas
News

Kier to deliver onshore converter station for offshore wind project in the north east

February 19, 2022
Statkraft seeks planning nod for 49.9-MW Scottish wind farm
News

VSB Group Expands in France with Acquisition of 143.5 MW Wind Power Portfolio

February 19, 2022
Norway to invest in renewable projects in developing countries
News

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February 19, 2022
China installed 48.2 GW of new solar capacity in 2020
News

Solek Group signs deal to build solar power plants in Chile

February 19, 2022
Trina Solar betting on largest wafer size and third cut cells for 500W-plus modules
News

TotalEnergies to Acquire SunPowers Commercial & Industrial Solar Business

February 19, 2022
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