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Matrix Renewables Announces the Commissioning of Pleasant Valley Solar 1

LCG, April 15, 2025--Matrix Renewables announced today the successful commissioning of the Pleasant Valley Solar 1 power generation facility in Ada County, Idaho. The 200-MWac solar facility includes a Power Purchase Agreement (PPA) that was secured through negotiation with Meta and Idaho Power. Matrix Renewables states the facility is the largest operational solar facility in Idaho Power's system. Sundt Renewables, the Engineering, Procurement, and Construction (EPC) services provider, completed construction of the project on March 2nd.

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Duke Energy Seeks to Extend Operating License for Robinson Nuclear Plant

LCG, April 9, 2025--Duke Energy announced yesterday its submission of a subsequent license renewal (SLR) application to the U.S. Nuclear Regulatory Commission (NRC) for the Robinson Nuclear Plant, a 759-MW nuclear unit located near Hartsville, South Carolina. The application requests extending the plant's operations for an additional 20 years.

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Industry News

First Wind Obtains Financing for Kawailoa Wind Project in Hawaii

LCG, March 21, 2012--First Wind yesterday announced that it has obtained $236 million in financing for the 69-MW Kawailoa Wind Project on Oahu's North Shore. The project, scheduled to deliver power to the grid in November, will be the largest wind farm in Hawaii. The project developer, First Wind, has a twenty-year power purchase agreement (PPA) with Hawaiian Electric Company (HECO) for the power generated from the wind farm.

First Wind announced that a subsidiary closed a $220 million non-recourse construction and term loan and $16 million in letters of credit for the Kawailoa project. Union Bank served as Administrative Agent and Joint Lead Arranger; other Joint Lead Arrangers include Bayern LB, Rabobank and Siemens Financial Services. CIBC and CoBank also participated in the financing.

The Kawailoa Wind Project includes thirty, 2.3-MW Siemens wind turbines that will be installed on Kamehameha Schools' Kawailoa Plantation. The construction groundbreaking ceremony occurred late last month, and delivery and erection of the turbines is scheduled to begin this summer.

In December 2011, the Hawaii Public Utilities Commission approved the PPA between First Wind and HECO. Hawaii?s renewable portfolio standard (RPS), which was modified by legislation passed in 2009, now requires renewable electrical energy generation from utilities to rise to 40% by 2030.
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