Sun Tribe’s Post

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

Energy Transfer, which owns and operates one of the largest and most diversified portfolios of energy assets in the United States, agreed to acquire West Texas Gas, a privately held midstream company headquartered in Midland, Texas, from Stonepeak, the Davis Real Estate, LLC and Diamondback Energy for $3.25bn. WTG’s extensive system processes significant volumes from large cap investment grade producers with firm, long-term contracts and acreage dedications. The addition of WTG assets is expected to provide Energy Transfer with increased access to growing supplies of natural gas and NGL volumes enhancing the partnership’s Permian operations and downstream businesses. West Texas Gas team is advised by Jefferies and Sidley Austin LLP. Energy Transfer (led by Dylan Bramhall) is advised by RBC Capital Markets and Vinson & Elkins. Stonepeak is led by Michael Dorrell. Diamondback Energy is led by Travis Stice. #MergersAcquisitionsDiversitures #Energy #PrivateEuity

Exciting News Alert! The Coterie Group Fuels EnDrum Energy Corp's Expansion! We're thrilled to announce a significant milestone in our journey as The Coterie Group, as we've successfully completed the funding for EnDrum Energy Corp, in collaboration with our esteemed US lender. This partnership marks a pivotal moment for EnDrum, a dynamic energy company based in Drumheller, Alberta, and sets the stage for its ambitious expansion plans. EnDrum's Strategic Location: Drumheller, Alberta EnDrum Energy Corp, nestled in the heart of Drumheller, Alberta, boasts a vast portfolio of 160 gas wells and multiple oil wells strategically positioned to supply natural gas to both residential and commercial properties. With its prime location and robust infrastructure, EnDrum plays a crucial role in powering communities and businesses across the region. Fueling Growth: Acquiring WestDrum and Securing Wells With the infusion of funding facilitated by The Coterie Group and our US lender, EnDrum seized the opportunity to further fortify its position in the market. The acquisition of WestDrum and the consolidation of its wells under its own brand not only enhance EnDrum's operational efficiency but also reinforce its commitment to delivering reliable and sustainable energy solutions to its customers. Empowering EnDrum's Vision: At The Coterie Group, we're proud to support EnDrum Energy Corp in realizing its vision of becoming a leader in the energy sector. By providing strategic funding and fostering partnerships, we empower EnDrum to drive innovation, foster growth, and create lasting value for its stakeholders and the communities it serves. Celebrating Collaboration and Success: This achievement underscores the power of collaboration and underscores our commitment to fueling the success of our partners. We extend our heartfelt congratulations to the EnDrum team on this significant milestone and look forward to continuing our journey together, driving progress and prosperity for years to come. Join Us on the Journey: As we celebrate this milestone, we invite you to join us in applauding EnDrum Energy Corp's success and celebrating the spirit of collaboration and innovation that drives our industry forward. Together, we'll continue to explore new horizons, unlock opportunities, and shape the future of energy. #EnergySector #Expansion #Partnership #Collaboration #Innovation #Sustainability

📣 Excited to be part of Energyear USA 2023 on Energy Storage Systems! 🚀 🎯 We'll dive deep into the key challenges, opportunities, and innovations driving the adoption of energy storage systems. Whether you're a professional in the renewable energy sector, an investor seeking promising opportunities, or simply curious about this rapidly evolving field, this panel discussion is a must-attend! #energystorage #renewableenergy #sustainablefuture

𝗧𝗵𝗶𝘀 𝘆𝗲𝗮𝗿’𝘀 𝗧-𝟰 𝗖𝗮𝗽𝗮𝗰𝗶𝘁𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗮𝘂𝗰𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 ��𝗲𝗹𝗶𝘃𝗲𝗿𝘆 𝘆𝗲𝗮𝗿 𝟮𝟬𝟮𝟳-𝟮𝟴 𝗰𝗹𝗲𝗮𝗿𝗲𝗱 𝗼𝗻 𝟮𝟳𝘁𝗵 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝟮𝟬𝟮𝟰 𝗮𝘁 𝟭𝟬:𝟰𝟱 𝗮𝗳𝘁𝗲𝗿 𝗷𝘂𝘀𝘁 𝘁𝘄𝗼 𝗿𝗼𝘂𝗻𝗱𝘀 𝗼𝗳 𝗯𝗶𝗱𝗱𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗮𝗻 𝗮𝗹𝗹-𝘁𝗶𝗺𝗲 𝗵𝗶𝗴𝗵 𝗧-𝟰 𝗰𝗹𝗲𝗮𝗿𝗶𝗻𝗴 𝗽𝗿𝗶𝗰𝗲 𝗼𝗳 £𝟲𝟱/𝗸𝗪/𝘆𝗲𝗮𝗿. 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗙𝗿𝗲𝗲 𝗿𝗲𝗽𝗼𝗿𝘁! 📈 Around 28% (998MW) of contracted new-build capacity came from battery assets🔋, the vast majority of which secured contracts 15 years in length.⏳ A further 29% of new-build capacity (1042MW) came from interconnectors, with both Greenlink and Viking Link being listed as new-build assets. The balance of new-build capacity was comprised of 899MW of DSR assets, 435MW of gas assets 🔥, and 220MW from other asset types including waste and solar. ☀️🗑️ To download the full report click here: https://lnkd.in/epKHsxsX #energymarkets #energysector #marketinsights #energystorage #energyprices

News | 🗞️ bp has signed an agreement with Harmony Energy Income Trust (HEIT) to provide physical power trading and optimisation services to two projects aimed at providing an extra 80MW / 160MWh of flexibility to the GB power grid, which are planned to come online in the first half of 2024 ⚡ The projects – Hawthorn Pit (49.9MW / 99.8MWh) and Wormald Green (33MW / 66MWh) – will be the first new BESS assets bp has contracted to optimise since its acquisition and integration of the digital energy platform Open Energi in 2021. The software developed by Open Energi will enable real-time insight and decision-making to connect HEIT’s assets with power markets through bp’s trading business. Paul Mason, Managing Director of HEIT’s Investment Adviser, says: “As we move into a period of increased market complexity, with a wider range of revenue streams available to BESS projects, selecting the right revenue optimisation partners is increasingly important. This agreement embodies a shared focus on innovation and sustainability which is underpinned by the sophistication and experience offered by bp’s Open Energi platform and our rapidly growing portfolio of two-hour duration batteries.” Find out more - https://bit.ly/46kGwLW #RenewableEnergy #Sustainability #Announcement #Batteries

#UpdateTime In the most recent edition of my popular investing newsletter, The Income Investor, I provided readers with an update on Innergex Renewable Energy (TSX: INE, OTC: INGXF). Here's what I had to say: Type: Common stock Current price: C$10.54, US$7.75 Originally recommended: July 14/16 at C$14.59, US$11.34 Annual payout: $0.36 Yield: 3.4% Risk: High Comments: We may finally be seeing some light at the end of this long, dark tunnel. After trading as low as $7.05 in February, the shares have rebounded strongly and closed on June 10 at $10.54. But investors have paid a high price for that recovery. Effective with the March payment, the company cut its dividend in half, to $0.09 per quarter ($0.36 a year). First quarter financial numbers were mixed. Revenue came in at $242.5 million, up 11% from $218.3 million last year. Adjusted EBITDA was $164.7 million, compared to $145.1 million in the comparable quarter of 2023. However, the company is still operating in the red with an adjusted loss of $20.2 million. Last year, it was just over $12 million. Innergex, which is based in Longueil, Quebec, is a renewable power company with projects in Canada, the US, Chile, and France. The company manages a portfolio of 41 hydroelectric facilities, 35 wind farms, 9 solar farms, and 2 battery energy storage facilities. It also holds interests in 14 projects under development with a net installed capacity of 965 MW. ACTION NOW ➡️ Hold. We may have seen the worst for the green energy industry. It will be a long climb back, but if you’ve stayed for this long you might as well wait it out. If you found this useful, consider signing up for one or both of my newsletters, The Income Investor and Internet Wealth Builder. Learn more @ https://bit.ly/3njE8Qb and then sign up @ https://bit.ly/2GzHZb0 🌳 #GreenEnergy #LongDarkTunnel #WaitItOut

ESGEN Acquisition Corporation and Sunergy have achieved another major milestone this week by going effective by the SEC. We are proud and excited to bring Sunergy to the public market. Sunergy is a differentiated provider of residential solar and energy efficiency solutions with stellar operational performance: - 31% year-over-year revenue growth - ~$10mm of adj. EBITDA during the nine months ending 9/30/23 - Strong balance sheet with $15mm in growth capital in the form of a convertible preferred commitment by ESGEN Acquisition Corporation This transaction accelerates the scaling of the company’s already profitable business and enables the team to go on offense in 2024. Sunergy is providing cost effective clean energy today and we are thrilled to help the company to scale to the next level and be an important piece of energy affordability and decarbonization with immediate solutions and immediate impact. More info at www.esgen-spac.com. Nader Daylami Timothy A. Bridgewater #energy #decarbonization #climate #infrastructure

Time2Market was featured on CTRM Center - For Everything CTRM / ETRM / Risk and More Center! 🎉    “It’s an honor to be recognized by such a giant in the industry as CTRM Center. Energy One and Time2Market have put in a lot of work to ensure we deliver the quality and value that we have promised, and it’s incredible to see the huge interest the community has shown.” – Eszter Pontenagel, CEO of Time2Market.    Eszter and Time2Market are guest speakers on the first installment of a series of webinars on European power and gas trading, which Energy One Limited has scheduled for 2024.    Join us as we speak about how to accelerate market access procedures by planning proactively and avoiding common hurdles in the application process 📈     📆 The registration link for today’s webinar will be open for a few more hours: https://lnkd.in/d4FCCGGW 📰 Read the full article by CTRM Center: https://lnkd.in/dxnrXZXD     We deliver. You excel.     #time2market #energyone #marketaccess 

🔊🔊 "Agile, flexible and proactive" 🔊🔊 In case you missed it, here's what Lightsource bp had to say about our team, whose expertise and proactivity helped to minimise project delays during global supply chain challenges, to successfully power the Tiln Farm solar project. Swipe to read more ▶️ Click the link to read all of our testimonials 👇👇 https://lnkd.in/eDsYBz8y #poweringyourhighvoltageconnections #customertestimonial #customerfeedback