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Gevo Promotes Lindsay Fitzgerald to Chief Advocacy and Communications Officer
GlobeNewswire News Room· 2025-06-03 20:01
ENGLEWOOD, Colo., June 03, 2025 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) announced today the promotion of Lindsay Fitzgerald to Chief Advocacy and Communications Officer, effective immediately. In this expanded leadership role, Ms. Fitzgerald will focus on advancing Gevo’s mission to strengthen American energy and food security by unlocking the full value of U.S. agriculture and rural communities. She continues to drive policy advocacy and public communications that support cost-effective, American-mad ...
FirstEnergy Builds Third Utility-Scale Solar Site in West Virginia
ZACKS· 2025-06-03 17:06
Key Takeaways FE's Mon Power and Potomac Edison completed a third solar site in West Virginia at Marlowe. The new facility produces 5.75 MW from over 17,000 solar panels, powering hundreds of homes. FE's planned five solar projects will generate 50 MW and over 87,000 solar renewable energy credits.FirstEnergy Corporation (FE) announced that its subsidiaries, Mon Power and Potomac Edison, have completed their third utility-scale solar site in West Virginia to help meet the state's electricity needs.FE’s so ...
Alliant Energy Benefits From Investments & Renewable Expansion
ZACKS· 2025-06-03 16:56
Core Viewpoint - Alliant Energy Corporation (LNT) is benefiting from investments in renewable energy and infrastructure upgrades, which support its expanding customer base and profitability [1][2][8] Group 1: Positive Factors - Alliant Energy's earnings prospects are bolstered by increasing electric and natural gas customer volumes, favorable geographic location, and regulatory developments that support wind project development [2] - The ongoing economic development in its service areas is driving demand for utility services, enhancing performance [2] - The company plans to invest $11.5 billion from 2025 to 2028 to strengthen its electric and gas distribution network and expand its renewable energy assets, raising its long-term capital expenditure guidance by 26% [3][8] Group 2: Investment Plans - Alliant Energy's investment strategy is expected to support an 11% compound annual growth rate (CAGR) in rate base from 2025 to 2028, with over 40% of capital expenditures focused on wind, solar, and energy storage [4][8] - These investments position Alliant Energy as having one of the cleanest generation asset portfolios in the country [4] Group 3: Challenges - The company's utility operations rely on third-party electric transmission systems, which could limit its ability to transmit electricity if those systems underperform [5] - Increased competition from self-generation by large industrial customers and alternative energy sources may reduce demand for Alliant Energy's services in Iowa and Wisconsin [6] Group 4: Stock Performance - Over the past month, Alliant Energy's shares have increased by 1.8%, outperforming the industry's growth of 1.3% [7]
How to Fix Renewable Energy’s Hidden Infrastructure Problem | WSJ Pro Perfected
- [Narrator] Renewable energy, like wind and solar has created a hidden infrastructure problem. The issue is that power grids, which carry electricity to homes and businesses weren't designed for wind and solar. And even though renewables have become a larger part of the overall power supply, grid infrastructure hasn't kept up.It's why some grid experts say renewables contributed to the severity of the blackout across Spain and Portugal in April. So we asked a mechanical engineer with over 15 years of exper ...
Enlight Secures Financing for Spain's Largest Hybrid Renewable Energy Project
GlobeNewswire News Room· 2025-06-03 11:45
Core Viewpoint - Enlight Renewable Energy has secured approximately $310 million in financing for the Hybridisation of the Gecama Project in Spain, which will integrate solar and energy storage systems at the country's largest wind farm [1][6][11] Financing Details - The financing consists of two tranches: one for refinancing the Gecama Wind Project and another for the construction of the Hybrid Project, both with a fixed interest rate of approximately 5.1% [6][9] - Over $150 million of the secured debt will be allocated to the construction of the Hybrid Project, which has an estimated total cost of $195–205 million [7][8] Project Overview - The Gecama Hybrid Project will have a total capacity of 554 MW and 220 MWh, providing clean electricity continuously at a competitive generation cost [2][11] - Once operational, the project is expected to generate annual revenues of $95–105 million and EBITDA of $75–80 million [5][11] Strategic Importance - The project aims to enhance Spain's energy storage infrastructure, addressing the pressing need for such systems following recent blackouts [3][11] - Enlight is among the first to deploy utility-scale battery storage at this scale in Spain, which will support peak shifting and provide essential grid services [4][11] Operational Timeline - The solar and storage components are expected to reach commercial operation in the second half of 2026, with anticipated annual revenue increases of $38–40 million and EBITDA of $31–33 million in the first full year [5][11] Market Context - The financing is structured on a merchant basis, allowing the company to sell the project's electricity output on the open market without a long-term Power Purchase Agreement, reflecting confidence in Enlight's management and the economic potential of the Gecama site [9][10]
Amite Solar Energy Center marks milestone for NextEra Energy Resources in Louisiana
Prnewswire· 2025-06-02 11:47
Core Insights - The Amite Solar Energy Center, a collaboration between DEMCO and NextEra Energy Resources, is now operational, marking NextEra's first utility-scale energy facility in Louisiana [1][2] - The facility has a capacity to generate up to 100 megawatts of energy, sufficient to power thousands of homes and businesses in Louisiana [2] - The project is expected to generate approximately $16 million in additional tax revenue for Tangipahoa Parish over the next 30 years [3] Company Overview - NextEra Energy Resources is one of the largest energy infrastructure developers in the U.S., with a diverse portfolio that includes approximately 33,410 megawatts of total net generating capacity [5] - DEMCO is a not-for-profit, member-owned electric distribution cooperative serving over 117,800 meters across seven parishes in Louisiana [6] Economic Impact - The construction of the Amite Solar Energy Center created 200 construction jobs and stimulated local economic activity through the purchase of regional goods and services [3] - The project aims to provide low-cost, fixed-price energy for the next 25 years, benefiting local communities [2][4]
If I Could Buy Only 1 High-Yield Dividend Stock in June, This Would Be It
The Motley Fool· 2025-06-01 22:04
Core Viewpoint - Brookfield Renewable is highlighted as a top dividend stock for June due to its high yield and strong financial fundamentals [1] Group 1: Dividend Yield and Financial Stability - Brookfield Renewable's shares are currently over 15% below their 52-week high, resulting in a dividend yield exceeding 5%, significantly higher than the S&P 500's yield of less than 1.5% [3] - The company supports its high dividend payout with durable cash flows, selling about 90% of its power under long-term, fixed-rate power purchase agreements (PPAs) with an average remaining term of 14 years, with 70% of revenue indexed to inflation [4] - Brookfield has a strong investment-grade balance sheet, further supporting its high-yielding payout [4] Group 2: Historical Dividend Growth - Brookfield Renewable has a solid track record of dividend payments, growing its payout at a 6% compound annual rate since 2001 and increasing its dividend by at least 5% for the last 14 years [5] Group 3: Future Growth Prospects - The company aims to grow its high-yielding dividend at an annual rate of 5% to 9%, supported by inflation-linked PPAs expected to grow funds from operations (FFO) per share by 2% to 3% annually [6] - Brookfield anticipates additional FFO per share growth of 2% to 4% from locking in higher rates on new PPAs as legacy contracts expire [7] - The company plans to commission 8 gigawatts (GW) of new renewable power capacity this year, with a target of a 10 GW annual run rate by 2027, contributing an additional 4% to 6% to FFO per share each year through at least 2030 [7] Group 4: Capital Recycling and Acquisitions - Brookfield regularly recycles capital by selling mature assets and reinvesting in higher-return opportunities, recently generating almost three times its invested capital from the sale of its interest in First Hydro [8] - The company also sold a 25% stake in its Shepherds Flat wind farm for nearly two times its invested capital and completed acquisitions of European renewable energy developer Neoen and National Grid's U.S. renewable energy platform, which can further enhance FFO per share [9] Group 5: Total Return Potential - Brookfield Renewable is positioned to grow its FFO per share at a rate exceeding 10% annually for the foreseeable future, with growth visibility extending through the end of the decade and potentially as far as 2034 [10] - With a dividend yield of 5% and earnings growth projected at over 10% annually, Brookfield could achieve total annual returns above 15%, making it an attractive investment option [12]
2 top value stocks to buy for second half of 2025
Finbold· 2025-05-30 10:38
The second half of 2025 is fast approaching, and the stock market is promising a crazy ride with some exciting news hitting the headlines. If you’re the kind of investor to plan for the long run, strapping in with some value stocks is definitely the way to go amid shifting interest rate expectations and trade tensions.Accordingly, we’ve pinpointed two companies with promising fundamentals that you should consider in the following months.1. Berkshire Hathaway (NYSE: BRK.B) Berkshire Hathaway (NYSE: BRK.B), t ...
Infratil (IFT.NZ) FY25 Result: CDC deferral and higher One NZ cost drive FY26 downgrade, but FY27 growth intact; Neutral
Goldman Sachs· 2025-05-30 02:45
Investment Rating - The report assigns a Neutral rating to Infratil (IFT.NZ) [1][4][15] Core Insights - The FY25 results were softer than expected, with Proportionate EBITDAF declining by 4% compared to Goldman Sachs estimates, leading to a downgrade in FY26 guidance to NZ$1,000-1,050 million, which is 3%-5% lower than previous estimates [1][4] - Infratil plans to monetize NZ$1 billion of assets that are unlikely to scale under the current ownership model, with the capital reinvested in businesses that can provide more meaningful returns [2] - The healthcare portfolio is performing strongly, with RHCNZ and Qscan expecting accelerating EBITDAF growth into FY26 [2] - Longroad Energy is targeting an OpCo run-rate EBITDA of US$370 million by March 2026, driven by contributions from projects that are operational or under construction [2] Financial Performance - FY26-28 EBITDAF estimates have been revised down by 3% to 4% due to CDC deferrals and increased costs for One NZ [4][13] - The 12-month target price is set at NZ$10.70, reflecting a 3% decrease from previous estimates [4][14] - Key financial metrics include projected revenue growth of 22.7% for FY25, with a decline in EPS for FY26 expected at NZ$0.13, compared to a previous estimate of NZ$0.09 [10][11] Investment Thesis - Infratil is positioned to benefit from increased digital consumption and AI adoption, particularly through its investments in digital infrastructure and renewable energy [15] - Despite positive long-term themes, the current market valuation appears to have already factored in these growth prospects, leading to a Neutral rating [15]
Enlight Renewable Energy (ENLT) Update / Briefing Transcript
2025-05-29 13:00
Enlight Renewable Energy (ENLT) Update / Briefing May 29, 2025 08:00 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Enlight and the IRA Transition Conference Call. Please be advised that today's conference is being recorded. I would now like to hand the conference over to Yonah Weitz, Director, IR. Please go ahead. Speaker1 Thank you, operator. Good morning, everyone, and thank you for joining the call. Our investor presentation entitled Enlight and the IRA Transition has been publis ...