power purchase agreements

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First Reserve Acquires Mariah North Wind In First Phase Of 600MW Development

One of the largest global private equity and infrastructure investment firms, First Reserve is strongly advancing it’s interests in the clean energy sectors, with this being the first of future wind and solar phases of the $1 billion Mariah Renewable Energy Center. The project will also construct and own a 27 mile, 345 kV transmission line to interconnect with the ERCOT CREZ system and is expected to be operational by the end of 2016. Partners in the project include HSBC, Citigroup and General Electric.

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Invenergy Announces 120 MW Wind Power Agreement with 3M

Leading renewable energy producer Invenergy has announced a partnership with 3M to reduce emissions through wind power, increasing it’s corporate off-site renewable energy procurement activities. The sector has nearly tripled from 2014 to 2015 with more than 3,400MW announced. Together with a other Purchase Agreements (PPA) announced with Google and other Fortune 500 companies, this brings Invenergy’s total corporate customer renewable energy portfolio to 570MW. 2016 is expected to be another strong year for clean energy corporate power procurement.

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