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AES Corporation - US-Utility (Seite 2)

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AES Solar Closes Project Financing For 24 MW PV Portfolio
in News Departments > Projects & Contracts
by SI Staff on Thursday 23 December 2010

AES Solar, a joint venture between The AES Corp. and Riverstone Holdings LLC, says that one of its subsidiaries has closed on long-term nonrecourse financing facilities totaling 103 million euros for a 24 MW portfolio of solar photovoltaic projects named Il Terzo.

The Il Terzo portfolio is located throughout the Lazio, Puglia and Sicilia regions of Italy. Two banks participated in this financing: Dexia Crediop and Societe Generale. The facilities cover approximately 85% of estimated project costs, with a final maturity date of 18 years post-construction.

The seven plants comprising Il Terzo are expected to reach commercial operation by the end of the first quarter of 2011, which will qualify the portfolio for a 20-year regulated feed-in tariff under the Conto Energia scheme, the companies add.
Energy Storage-as-Service Concept Expands With AES

It’s an 8-megawatt battery pack for hire.
Energy Storage-as-Service Concept Expands With AES

Storage was once a product, but like software, it is now increasingly sold as a service.

AES Energy Storage, a subsidiary of energy giant AES, today announced it has begun to commercially operate a power storage farm. In a nutshell, the facility is a bank of batteries that can rapidly provide power to utilities to balance loads for a fee. The facility -- located in Johnson City, New York -- provides 8 megawatts of storage now and will grow to 20 megawatts in 2011.

AES says the battery-for-hire park is the first to be classified as a power generator by FERC, but the storage-as-service concept actually began in 2009 and 2010. Beacon Power, the Tyngsboro, Mass.-based maker of flywheels, has a three-megawatt flywheel farm in New England and started work on a 20-megawatt farm in upstate New York in early 2010.

Beacon originally planned to sell its flywheels as pieces of equipment to utilities to help fine-tune power output from power plants. Utilities, however, didn't want to risk capital on building their own storage facilities so the company shifted to services. Grid balancing and other so-called interconnect services could rise to $1 billion in a few years as more renewable parks get built, CEO William Capp told us last hear.

"Utilities don't want to make a big bet yet," he said then. "We are acting as a utility in the state of New York."

Meanwhile, Megawatt Storage Farms, co-founded by industry vet Ed Cazalet, wants one day to provide similar sorts of storage services in California. And Xtreme Storage, which wants to commercialize a dry-cell battery initially developed in the early '90s by Corning, British Aerospace and Ford Aerospace, is working in conjunction with wind and solar developers to make storage an integral part of solar or wind parks. The company this week won a fourth contract to build a storage facility in Hawaii.

In some ways, classifying storage as a service rather than a product is an accounting trick. But a similar accounting trick -- that of selling residential solar panels under lease contracts -- has caused startups like SolarCity and Sungevity to explode.
AES Solar Closes Financing For 18 MW Photovoltaic Project Portfolio
by SI Staff on Wednesday 27 July 2011

AES Solar, a joint venture between AES Corp. and Riverstone Holdings LLC, has closed on long-term nonrecourse financing totaling 68 million euros to fund the construction of an 18 MW portfolio of solar photovoltaic projects in Italy.

Dexia Crediop, Societe Generale, DnB NOR and ING participated in the financing, which will fund up to 81% of the estimated project costs. The companies expect all four PV plants connected to the financing to reach commercial operation by the end of the third quarter.
Eaton to Offer AES Energy Storage Platform in Europe, Middle East, Africa
February 22, 2016
By Renewable Energy World Editors

Power management company Eaton and AES Corp. subsidiary AES Energy Storage have reached an agreement under which Eaton will offer AES’ Advancion energy storage platform as part of Eaton’s grid-scale, integrated energy storage systems throughout Europe, the Middle East, and Africa (EMEA).

“Together, Eaton and AES will be able to greatly impact the energy landscape in EMEA,” Cyrille Brisson, Vice President of Marketing, Eaton electrical business in EMEA, said in a statement. “By providing market-leading, innovative energy storage systems to commercial, industrial and utility customers, we will be able to mitigate the investment needed for, and the charges and emissions resulting from, peak demand infrastructure.”

Brisson added that the widespread deployment of systems enabling peak capacity, flexible generation and grid services, coupled with the easy consumption of renewables, will help a smarter grid meet environmental targets.

Eaton will supply the energy storage systems, provide support and ensure long-term operation directly to utilities, industrial and commercial customers, independent power producers and power system operators.

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