BASF is committed to renewable energy solutions to power its sites across the United States and has entered into virtual power purchase agreements ( VPPAs ) for wind and solar power totaling 250 megawatts ( MW ). They are designed to offset the carbon-intensive grid-supplied electricity being used at more than 20 of BASF ’ s manufacturing sites in several states across the country , from Texas to Michigan . The combined agreements for the output of 250 MW of renewable generation capacity will result in the purchase of more than 660,000-megawatt hours ( MWh ) of electricity per year – the equivalent of electricity consumed by more than 90,000 on average U . S . households . Based on EPA estimates , |
the VPPAs will offset more than 472,500 metric tons of CO2 emissions annually . With these agreements in place , the share of renewable energy in BASF ’ s total North American electricity consumption will rise to more than 25 %. To realize its ambitious emission goals , BASF is collaborating with various partners who are driving sustainable change in the energy sector . The chemical company will purchase 100 MW of power generated by Dawn Solar . An additional 150 MW of renewable energy capacity will be added through transactions with EDF Energy Services . BASF aims to reduce its greenhouse gas emissions by 25 % compared with 2018 by 2030 and achieve netzero emissions by 2050 . |
Enfinity Global Inc , a renewable energy and sustainability services company , has secured USD 242M (¥ 29bn ) in long-term financing for three recently completed utilityscale solar PV plants in Japan totaling 70 MW . The power plants are contracted for 18 years under the FIT program . Nomura , a global financial institution , acted as the initial lead arranger / sole book runner and Aozora Bank , Japanese commercial banks , acted as lead arranger / agent . “ We are committed to support Japan ’ s ambitious plan to reach carbon neutrality by 2050 ,” said Carlos Domenech , CEO of Enfinity Global . “ We are grateful for the trust shown by our financing partners , Nomura and Aozora Bank .” |
“ Nomura is pleased to provide liquidity and support to Enfinity Global in securing financing for these important solar projects ,” said Vinod Mukani , Global Head of Nomura ’ s Infrastructure and Power Finance (“ IPF ”) group . “ Nomura is delighted to develop solutions for its clients , particularly those with top-flight teams like Enfinity Global , who are accelerating the energy transition to a low carbon economy .” “ Aozora is pleased to have the opportunity to support Enfinity Global ’ s solar projects in Japan ,” said Hiroki Nakazato , Executive Officer , Head of Environment Business Group . “ Aozora will continue to focus on financing that supports our customers ’ initiatives to develop renewable energy and the energy transition for a carbon-free economy .” |
AB Energy USA is thrilled to announce its first US-based dairy-farm biogas-to-RNG plant using the innovative BIOCH4NGE system . BerQ RNG – based in Oakville , Ontario and with operations across the North-Eastern United States , |
as well as Ontario & Quebec , has selected BIOCH4NGE for its latest RNG project in New York State . Pooling the resources from multiple farms , this development will soon see the anaerobic digestion of cow manure to produce over 100,000 MMBtu of carbon neutral |
biogas annually – the equivalent removal of almost 5,500 mt CO2 each year . AB Energy ’ s BI- OCH4NGE ® Upgrading system was chosen to condition and upgrade the biogas to Renewable Natural Gas ( RNG ), feed the local grid and help local businesses and residents |
achieve a lower carbon footprint with biomethane . With operations expected to start in Q1 2023 , this is indeed an exciting step in the continued success of the AB Energy team and the renewable energy technologies , with BIOCH4NGE leading the charge . |