A large group of institutional investors across continental Europe, the Nordics, the United Kingdom, North America and the Asia-Pacific region participated in the first close of Copenhagen Infrastructure V (CI V), the fifth flagship fund from Copenhagen Infrastructure Partners (CIP). Backed by additional investors, the fund is on track to reach its target size of $13 billion and is set to become the largest fund globally dedicated to greenfield renewable energy infrastructure investments.

“Reaching nearly $6 billion at first close is a testament to the importance of the fund, and the confidence placed in our industrial approach to energy infrastructure investments,” says Jakob Baruel Poulsen, managing partner at CIP. “With its greenfield focus and large and diversified portfolio, CI V has the potential to significantly contribute to and accelerate the energy transition on a global scale, while generating strong returns for our investors.”

The fund will focus on greenfield investments within large-scale renewable energy infrastructure. It has a global reach and intends to diversify investments across technologies such as contracted offshore wind, energy storage, onshore wind and solar in low-risk OECD countries in North America, Western Europe and Asia Pacific.

CI V is the largest project pipeline of any CIP fund to date. At first close, the fund has ownership of more than 40 renewable energy infrastructure projects with a total potential CI V commitment of approximately $22 billion, corresponding to more than 150% of the target fund size.

The large seed portfolio provides significant optionality and flexibility in project selection and portfolio construction, as well as investment execution robustness and visibility. In June, CI V took its first final investment decision on an over 400 MW onshore wind project in the U.S., expected to begin construction in the coming months.

Based on the current portfolio, CI V is targeting to add an estimated 20 GW of new clean energy capacity to the grid, enough to power more than 10 million average households with renewable energy.

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Canadian Solar Inc. and its majority-owned subsidiary CSI Solar have re-branded CSI Solar’s utility-scale battery energy storage subsidiary and platform. Previously functioning under the name CSI Energy Storage, the company will now be known as e-STORAGE and will operate as a distinct business unit under CSI Solar.

e-STORAGE launches with nearly 26 GWh of energy storage projects in its total pipeline and over $1.7 billion of contracted revenues as of July 2023, up from $1 billion in January 2023.

At the core of the e-STORAGE platform is SolBank, a self-manufactured, lithium-iron phosphate chemistry-based battery engineered for utility-scale applications. With the proprietary SolBank product, e-STORAGE offers its customers end-to-end, turnkey battery storage solutions. To date, the Company has deployed more than 2.7 GWh of battery energy storage solutions across the United States, Canada, the United Kingdom and China.

e-STORAGE currently operates two fully automated, state-of-the-art manufacturing facilities and expects to reach an annual capacity of 10 GWh.

Dr. Shawn Qu, Chairman and CEO of Canadian Solar, comments: “We are thrilled to launch e-STORAGE and accelerate the growth of our integrated utility-scale battery energy storage business. By creating a distinct e-STORAGE brand for our utility-scale turnkey battery storage business, we are further demonstrating that our battery energy storage business has risen to equal significance of long-standing solar business.”

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The California Energy Commission (CEC) has granted approval to EG4 Electronics LLC’s request to include its inverter equipment on the Energy Commission’s Solar Equipment Lists. This decision marks a significant milestone for EG4 Electronics’ product line, starting with the EG4 18kPV.

Now officially listed on the CEC’s Solar Equipment Lists, the EG4 18kPV is an all-in-one hybrid solar inverter with an impressive 18kW of photovoltaic (PV) input and 12kW of continuous output power.

Key features of the EG4 18kVP include:

• All-in-One Hybrid Inverter: Efficient and economical for homeowners and small commercial facilities, the EG4 18kPV combines the functionality of an inverter and a solar charge controller in a single unit.
• Scalable Design: The all-weather-rated scalable design of the EG4 18kPV is compatible with larger homes and small commercial facilities.
• Integrated Wire Box: Equipped with 200A breakers, the EG4 18kPV includes an integrated wire box that enables smart home monitoring. Whole House Backup: Able to power the entire house with just one unit, the EG4 18kPV saves on installation costs and provides a seamless backup solution.

“We are proud to offer the EG4 18kPV as an efficient and reliable solution for homeowners and small businesses seeking sustainable energy options,” says Naveen Tera, director of engineering. “We look forward to introducing additional innovative products to the market in the near future.”

The post EG4 Electronics Hybrid Inverter Added to CEC Solar Equipment Lists appeared first on Solar Industry.

Avangrid Inc., a sustainable energy company and member of the Iberdrola Group, has successfully reached a capacity of 8.6 GW through its 70-plus wind and solar facilities in operation across the country, which generate the electricity equivalent to powering over 2.8 million homes.

“Our capacity milestone is a significant achievement for Avangrid, as it demonstrates our unwavering dedication to accelerating the energy transition in the U.S.” says Pedro Azagra, Avangrid CEO. “As the third largest renewable energy operator in the country, we are proud to play an important role in delivering clean, renewable power to our clients, while also fostering economic development and bringing benefits to the communities in which we are present.”

Avangrid operates a portfolio of 75 wind and solar facilities in the country and has a presence in 24 states. The company will commemorate its capacity milestone with a social media campaign, highlighting its investments and presence in each of the state.

Image by jcomp on Freepik.

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