CONSTELLATION CAPITAL’s Post

It’s been an exciting week for TC Energy! From announcing Canada’s largest Indigenous equity ownership agreement, releasing our 2024 Report on Sustainability and sharing our Q2 results, we’ve had big wins across the board. During the second quarter, our Southeast Gateway pipeline project achieved over 98% completion of offshore pipe installation. Through our collective focus on operational excellence, we’ve set all-time delivery records across our Canadian, U.S. and Mexico Natural Gas Pipelines. So far in 2024, we’ve advanced approximately $2.6 billion of asset sales – strengthening our balance sheet and marking substantial progress towards our $3 billion target by the end of the year. We also announced a five-year revenue requirement settlement with unanimous support from our customers and a multi-year growth plan for our NGTL System, positioning us to meet increasing energy demand. Learn more about our latest operational and financial performance: https://lnkd.in/gyg52v3q

𝐂𝐥𝐞𝐚𝐫𝐢𝐧𝐠 𝐩𝐫𝐢𝐜𝐞 𝐩𝐥𝐮𝐦𝐦𝐞𝐭𝐬 𝐢𝐧 𝐥𝐚𝐭𝐞𝐬𝐭 𝐓-𝟏 𝐜𝐚𝐩𝐚𝐜𝐢𝐭𝐲 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐮𝐜𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐊 The latest edition of the UK’s T-1 capacity market auction has closed with the award of contracts to 277 individual entries representing just over 7.6GW of capacity. The clearing price this time round hit GBP 35.79/kW/year, which represents a substantial drop from the GBP 60/kW/year figure of a year ago, albeit in the context of a 2GW higher overall capacity target of 7.7GW. Battery operators winning contracts in the round include Gresham House, Harmony Energy Income Trust plc, Zenobē, SMS plc, Pelagic Energy Ltd, TagEnergy, Sembcorp Industries Ltd, EDF Renewables UK & Ireland, Conrad Energy, Gore Street Capital, and DIF Capital Partners, plus others. Read more at @Energy Rev: https://lnkd.in/eRZ5PQZe

Lightsource bp sells 294MW solar portfolio in Italy to EOS IM Solar developer Lightsource bp announced on Wednesday that it will sell a 294-MW project portfolio in #italy to EOS Investment Management Group (EOS IM) for an undisclosed amount. Lightsource bp said in a statement that it has agreed to sell six Italian #solar greenfield projects and then reinvest the sale proceeds in other local schemes. It noted that its Italian staff is progressing over 1 GW of mature #solarprojects and a substantial #energystorage pipeline. "This acquisition further enriches the portfolio of our second #cleanenergy infrastructure fund, bringing it to over 370 MW of assets either operational or under construction and a portfolio of projects close to being permitted totalling 600 MW of #capacity ," commented Natalino Mongillo, Managing Partner at EOS IM. https://lnkd.in/gpchVUFv #solarenergy #greenenergy #sustainability #development #europe

Congratulations to our client GIGA Storage and its shareholders on the announcement of the sale of a majority stake to InfraVia Capital Partners. GIGA Storage, a leading player in Battery Energy Storage System (“BESS”) development, construction, and operations and early mover in the BESS sector in the Netherlands and Belgium, is one of the few independent storage platforms that integrates the full value chain, from development and construction of BESS, to operations of the battery capacity via the own developed route to market, providing services to utilities and the network operators. The transaction marks a key milestone for GIGA Storage and will accelerate growth of the development and operation of large-scale BESS sites that will underpin the energy transition. Through this partnership, InfraVia and the management team aim to leverage the company’s proven development, construction, and operation capabilities in utility-scale storage projects to create a leading energy storage platform in Northern Europe, building on the company’s pioneering position in the Netherlands and Belgium. Rabobank is proud to have supported GIGA Storage and its shareholders as exclusive financial advisor on this transaction. https://lnkd.in/epPycv4v

[ SALES ] of Grow Energy Management , Grow UPAC and Grow Poland « Greenyellow enters Portugal through the integration of the Portuguese company Grow Energy Management (GEM), a specialist in distributed photovoltaic energy. » Admar SCR is honored to have been part of these projects during the first phase.  And is pleased to announce that GreenYellow has acquired the companies in order to develop them further and give them a new dimension. A successful investment for both funds, Admar FCR and Golden Estate FCR. ✅ Thanks to our partners Grow Capital Partners for the development and management of all these projects. « French Greenyellow enters the solar market in Portugal » The link to the full article is in the first comment. 👇 #admarscr #growcapitalpartners #greenyellow #growenergymanagement #growenergy #portugal #sales #project #investments #grow

Encavis seeks WFW advice on acquisition of 30 MW solar project in Italy Watson Farley & Williams (WFW) provided guidance to Encavis AG (Encavis) in acquiring the ready-to-build 30 MW Pozzolo #solarproject situated in Piedmont, #italy . Expected to commence operations in 2025, this project is estimated to yield approximately 42 GW annually, overseen by Stern Energy. Its revenue will benefit from a long-term #ppa . Encavis, listed on the MDAX of Deutsche Börse AG and headquartered in Hamburg, specializes in #renewableenergy production with a total capacity exceeding 3.4 GW. Meanwhile, Stern Energy, an Italian company, offers specialized #operationsandmaintenance services, boasting a generation capacity of 1.392 MW across the UK, the Netherlands, Germany, France, and Italy. The WFW Italy Energy team, led by Italy Office Head and Partner Eugenio Tranchino along with Partner Luca Sfrecola, advised Encavis on the acquisition’s closure, as well as the drafting and negotiation of the sale and purchase agreement, development services agreement, and shareholders’ agreement. This team was supported by Associates Giovanni Benedetto and Francesco Vanzaghi. https://lnkd.in/g7RWzAij #solarenergy #renewables #sustianability #sustainablefuture #development #acquisition #greenfuture #europe

It’s always gratifying to partake in a successful transaction, especially when such amazing partners are involved: seller, advisors (extraordinary support), and the entire R.Power Renewables dream team , particularly Jakub Fedorowicz, Pablo Tomás Gómez Carbonero, and of course Renato Carvalho Viana. Kudos to everyone. This acquisition significantly increases our footprint in Portugal, contributes to the goals set by our shareholders, and is yet another step towards the energy transition and a more sustainable future. Exciting times ahead. The Future of Energy Today. ⚡🌍 #RPower #RenewableEnergy #RPowerPortugal #GreenFuture #PV #SolarEnergy

Lightsource bp sells 294MW solar portfolio in Italy to EOS IM Solar developer Lightsource bp announced on Wednesday that it will sell a 294-MW project portfolio in #italy to EOS Investment Management Group (EOS IM) for an undisclosed amount. Lightsource bp said in a statement that it has agreed to sell six Italian #solar greenfield projects and then reinvest the sale proceeds in other local schemes. It noted that its Italian staff is progressing over 1 GW of mature #solarprojects and a substantial #energystorage pipeline. "This acquisition further enriches the portfolio of our second #cleanenergy infrastructure fund, bringing it to over 370 MW of assets either operational or under construction and a portfolio of projects close to being permitted totalling 600 MW of #capacity ," commented Natalino Mongillo, Managing Partner at EOS IM. https://lnkd.in/gpchVUFv #solarenergy #greenenergy #sustainability #development #europe

Encavis seeks WFW advice on acquisition of 30 MW solar project in Italy Watson Farley & Williams (WFW) provided guidance to Encavis AG (Encavis) in acquiring the ready-to-build 30 MW Pozzolo #solarproject situated in Piedmont, #italy . Expected to commence operations in 2025, this project is estimated to yield approximately 42 GW annually, overseen by Stern Energy. Its revenue will benefit from a long-term #ppa . Encavis, listed on the MDAX of Deutsche Börse AG and headquartered in Hamburg, specializes in #renewableenergy production with a total capacity exceeding 3.4 GW. Meanwhile, Stern Energy, an Italian company, offers specialized #operationsandmaintenance services, boasting a generation capacity of 1.392 MW across the UK, the Netherlands, Germany, France, and Italy. The WFW Italy Energy team, led by Italy Office Head and Partner Eugenio Tranchino along with Partner Luca Sfrecola, advised Encavis on the acquisition’s closure, as well as the drafting and negotiation of the sale and purchase agreement, development services agreement, and shareholders’ agreement. This team was supported by Associates Giovanni Benedetto and Francesco Vanzaghi. https://lnkd.in/g7RWzAij #solarenergy #renewables #sustianability #sustainablefuture #development #acquisition #greenfuture #europe

Encavis seeks WFW advice on acquisition of 30 MW solar project in Italy Watson Farley & Williams (WFW) provided guidance to Encavis AG (Encavis) in acquiring the ready-to-build 30 MW Pozzolo #solarproject situated in Piedmont, #italy . Expected to commence operations in 2025, this project is estimated to yield approximately 42 GW annually, overseen by Stern Energy. Its revenue will benefit from a long-term #ppa . Encavis, listed on the MDAX of Deutsche Börse AG and headquartered in Hamburg, specializes in #renewableenergy production with a total capacity exceeding 3.4 GW. Meanwhile, Stern Energy, an Italian company, offers specialized #operationsandmaintenance services, boasting a generation capacity of 1.392 MW across the UK, the Netherlands, Germany, France, and Italy. The WFW Italy Energy team, led by Italy Office Head and Partner Eugenio Tranchino along with Partner Luca Sfrecola, advised Encavis on the acquisition’s closure, as well as the drafting and negotiation of the sale and purchase agreement, development services agreement, and shareholders’ agreement. This team was supported by Associates Giovanni Benedetto and Francesco Vanzaghi. https://lnkd.in/g7RWzAij #solarenergy #renewables #sustianability #sustainablefuture #development #acquisition #greenfuture #europe