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News
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LCG, January 21, 2026--Sage Geosystems, the company pioneering Pressure Geothermal, today announced that it closed over $97 million in Series B funding to advance its geothermal power generation and energy storage solutions, including its first commercial next-generation geothermal power generation facility. Ormat Technologies, a vertically integrated company engaged in geothermal and recovered energy generation ("REG"), and Carbon Direct Capital, a growth equity investment firm, co-led Sage’s Series B round, representing the full backing of Sage and Pressure Geothermal technology from leaders in geothermal energy and growth capital.
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LCG, January 15, 2026--Origis Energy today announced that Meta and the company signed a long-term power purchase agreement (PPA) for the 240-MW (303-MWdc) Greyhound A Solar project in West Odessa, Texas. The Greyhound A Solar project is scheduled to achieve commercial operations by mid-2026.
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Industry News
NextEra Energy Announces Agreements to Sell Interests in 1,100 MW of Renewable Assets
LCG, November 4, 2020--NextEra Energy, Inc. announced Monday that a subsidiary of NextEra Energy Resources, LLC has entered into agreements to sell a 90 percent interest in a 1,000-MW portfolio of long-term contracted renewables assets (the portfolio) and a 100 percent interest in a 100-MW solar-plus-storage project for approximately $1.3 billion in total proceeds, including tax equity, and subject to working capital and other adjustments. The portfolio is being acquired by NextEra Energy Partners, LP and a consortium of private infrastructure investors led by KKR (the investors) in two separate transactions. The announcement states that the sale proceeds are expected to be redeployed into new wind, solar and battery storage growth opportunities, including NextEra Energy Resources' more than 15,000-MW renewables backlog. The transaction is expected to be completed by year-end, subject to customary closing conditions and the receipt of certain regulatory approvals.
Over the operating life of the assets, NextEra Energy Resources expects to receive ongoing annual fee income of approximately $7 million in year one and escalating thereafter, from the investors for operations, maintenance and management services, and the transaction is expected to be immediately accretive to earnings.
NextEra Energy's chairman and CEO stated, "These transactions are expected to generate significant value for NextEra Energy shareholders. In addition to generating attractive ongoing fee income, the sale provides an opportunity to take advantage of the robust demand for high-quality, long-term contracted renewable energy assets and efficiently recycle approximately $1.3 billion in total capital that can be redeployed into new renewables growth opportunities. The transactions highlight the value of NextEra Energy Resources' best-in-class development platform and position us well to continue to capitalize on what we believe to be the best renewables development environment in our history."
The 1,000-MW portfolio, in which NextEra Energy Resources will retain a 10 percent equity interest, includes: Blue Summit III Wind Energy Center, a project company that owns a 200.2-MW wind generation facility located in Texas; Ponderosa Wind Energy Center, a project company that owns a 200-MW wind generation facility located in Oklahoma; Harmony Florida Solar Energy Center, a project company that owns a 74.5-MW solar generation facility located in Florida; Taylor Creek Solar Energy Center, a project company that owns a 74.5-MW solar generation facility located in Florida; Saint Solar Energy Center, a project company that owns a 100-MW solar generation facility located in Arizona; Sanford Airport Solar Energy Center, a project company that owns a 49.4-MW solar generation facility located in Maine; and Soldier Creek Wind Energy Center, a project company that owns a 300.4-MW wind generation facility in Kansas.
The investors are purchasing a 50 percent equity interest in the portfolio and NextEra Energy Partners is purchasing a 40 percent equity interest. NextEra Energy Partners' acquisition will also include 100 percent of the membership interests in Wilmot Solar Energy Center, a project company that owns a 100-MW solar and 30-MW storage generation facility located in Arizona. NextEra Energy Resources will have a right of first offer on the investors' 50 percent equity interest in the portfolio.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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