Goldman Sachs Renewable Energy – The Slate solar energy and storage project began construction in 2015 and is now one of the largest facilities of its kind in California.
Goldman Sachs’ renewable energy division announced that it has begun commercial operations at the Slate solar and energy storage project in California.
The 390 MV and 140.25 MV/561 MWh battery storage facility is one of the largest in the country. The project, which began development in 2015, was originally developed by Recurrent Energi, a subsidiary of PV manufacturer Canadian Solar.
The Kings County solar facility has five power purchase agreements (PPAs) with several California agencies: Bay Area Rapid Transit (BART), Stanford University, and the Water and Resources Authority (PVRPA), a publicly owned company. PVRPA has an energy demand that varies from 20MW to 120MW from winter to summer and uses 290GWh to 520GWh of energy annually to supply, purify and process water to farmers and their consumers.
Stanford University announced that it has recently committed to 100% renewable energy. The university aims for net zero emissions by 2050.
Central Coast Community Energy and Silicon Valley Clean Energy are also provided by the PPA project. All utilities offer opt-in contracts for customers who want a greater share of renewable energy production tied to their electricity bill.
“Slate is a significant project that will help California achieve its ambitious renewable energy goals.” We began developing Slate in 2015 and are proud to have this project awarded the contract as one of the first solar and energy storage projects in the country, thanks to the leadership of the project’s customers, said Sean Koo, president and CEO of Canadian Solar.
The project is expected to generate enough energy to power 126,000 homes in California, releasing about 369,310 tons of carbon annually in the process. Over the past year, the project employed 405 workers at peak construction, 90% of whom are King County residents. Skilled craftsmen from local guilds were hired for the construction.
Goldman Sachs’ renewable energy team was founded in 2017 and has now financed more than 2.6 GW of capacity in 850 solar and storage projects in 27 countries.
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Ryan joins pv magazine in 2021, bringing the experience of leading residential solar installers to the US edition.
The cookie settings on this website are set to “allow cookies” to give you the best browsing experience. If you continue to use this website without changing your cookie settings or if you click “Accept” below, you agree to this. Vinson & Elkins advised Goldman Sachs Renewable Power LLC, an investment vehicle launched by Goldman Sachs Asset Management in 2017, in spin-off of the company into a new independent renewable energy company that was renamed MN8 Energi.
V&E’s corporate team is led by partners Doug McWilliams and Crosby Scofield, with support from managing partner Stuart Lawson and associate David S. Smith. Also advising partners Sarah Morgan and Robert Seber, senior partner Jackson O’Malley, partners Walt Baker, Chloe Schmergel and Connor Rabalais, and attorney Lilia Martinez; girlfriend Sarah Mitchell; attorney Rajesh Patel and partners Marcus Martinez and Ricky Legg; partner Kaam Saheli, consultant Josh Heideman, and associates Alyssa Allen and Daisy de Wolff; partners David Peck, Lina Dimachkieh, Lauren Collins and Natan Leiva, consultants Mary Alexander and partners Adam Bateman and Keleigh Carver; partner David D’Alessandro, senior attorney Katherine Mull, attorney Heather Johnson and associates Hayden Rutledge and Mary Danielle Morgan; partner Sean Becker and partner Peter Getchell; partner Julia Sanabria and consultant Stephanie Felik; partners Hill Wellford and Craig Seebald, attorney James Leader, senior partner John Goodwin and associate Laura Muse; and Guy Gribov’s boyfriend.
About Vinson & Elkins For more than a century, Vinson & Elkins has provided outstanding service to clients in key industries that drive the global economy. Built on a strong collaborative culture in 12 offices worldwide, V&E Lawyers is committed to excellence, providing clients with decades of legal experience handling transactions, investments, projects and disputes worldwide. Learn more by visiting or following us on Twitter @VinsonandElkins or connecting with us on LinkedIn. Industry leaders are creating customized options for business customers to accelerate the transition to clean energy without the upfront capital investment in EV charging.
CAMPBELL, Calif., March 29, 2022 – (NISE: CHPT), a leading electric vehicle (EV) charging network, today announced a partnership with Goldman Sachs Renewable Power (GSRP), a strategic and long-term investor in renewable energy projects. . Together, they and Goldman Sachs Renewable Power introduced a new customized financing solution as part of the Service as a Service® (CPaaS®) family of products to lower the upfront cost of EV charging technology for qualified customers.
Through this unique partnership, qualified customers can choose the CPaaS option that best suits their needs, which now includes billing financing and basic billing. A new financing option allows customers to pay for the charging infrastructure as an operating cost, and a turnkey option allows utility customers to host the facility at zero cost. This partnership will enable customers to implement more efficient electric vehicle charging solutions without capital costs.
For retail and fuel and convenience applications, it is the only network with an integrated portfolio of hardware, cloud-based services and support, providing the most convenient experience for all businesses serving electric vehicle drivers. With this partnership, Goldman Sachs Renewable Power offers financing and turnkey options to vendors, including end-to-end construction, installation and maintenance. Driver-centric charging software and apps enable site hosts to easily manage EV charging, attract and connect with drivers and drive in-store purchases through custom branding, promotions and integrations and loyalty programs, even with zero capital costs for charging infrastructure.
For shipboard applications, Goldman Sachs Renewable Power provides a financing solution that allows ships to maintain control of their utility meters, including infrastructure payments and construction, installation and maintenance support for a monthly fee. The global portfolio of fleet solutions includes everything a fleet needs to produce energy and fuel as it grows, including fleet software to optimize charging to ensure critical vehicle uptime, manage fuel costs and collaborate with telematics and fuel card partners.
“This partnership with Goldman Sachs Renewable Power lowers the barrier to entry for businesses interested in using clean energy but held back by a lack of dedicated financing,” said Pasquale Romano, president and CEO. “Shipowners, retailers, fuel and plant suppliers, transport operators and logistics companies, among others, can now participate in new fuel networks without the upfront costs and utility risks associated with paying for electric vehicles.”
“We are very excited to partner and offer a comprehensive EV charging solution for business customers,” said Jon Yoder, Head of Goldman Sachs Asset Management’s Renewable Energy Group. “The partnership between GSRP and GSRP is coming together to provide an easier, more efficient way for fleet operators to prepare to convert their fleets to electric power and for businesses to serve their increasingly electric customers and employees.” .
This new turnkey option is available as part of the CPaaS family of products to qualified customers in North America who want to deploy EV charging throughout their business without capital outlay. This is the beginning of a long-term partnership between Goldman Sachs Renewable Power. Together, they and Goldman Sachs Renewable Power are helping remove barriers to mass adoption of EV charging and provide an easy way for all types of consumers to participate in the electric revolution.
Creates a new fuel network for the movement of people and goods on electricity. Since 2007, it has been dedicated to making it easier for businesses and drivers to use one of the largest electric vehicle charging networks and the most comprehensive portfolio of charging solutions available today. The cloud-based subscription platform and software-defined charging devices are designed to include options for every charging situation from home and multi-family to workplace, parking, hospitality, retail and transportation fleets of all types. Today, one account provides access to hundreds of thousands of chargers in North America and Europe. More than 110 million charging sessions have been delivered to date, with drivers connecting to the network roughly every two seconds. For more information, please visit the press room, the Investor Relations website, or contact the North American or European Press or Investor Relations office.
Goldman Sachs Renewable Power LLC is a privately held company managed by Goldman Sachs Asset Management’s (GSAM) Renewable Energy Group. GSRP is a sponsor of more than 850 solar energy storage and battery projects in 27 US states.. which together have a capacity of more than 2.6 gigawatts of clean and renewable energy. GSRP takes a long-term proprietary approach to managing and managing renewable assets and benefits from Goldman Sachs’ extensive network of relationships, leading institutional infrastructure and local industry knowledge and experience. GSAM is one of the world’s leading asset managers with approximately $2.0 trillion in assets under management globally.
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