• Twelvemile Solar

    LRE Begins Construction on Twelvemile Solar 1 & 2 in Oklahoma

    The 152 MW solar project will deliver clean, dependable power, create local jobs, and support economic and community growth across southern Oklahoma.

    Jul 30, 2025 9:00 AM

    DALLAS--(BUSINESS WIRE)--LRE (Leeward Renewable Energy), a leading U.S. renewable energy company, today announced the start of construction on its Twelvemile Solar 1 & 2 projects, a combined 152-megawatt (MW) solar facility located in southern Oklahoma. The projects are part of LRE’s broader 724 MW solar portfolio in the state, which also includes the previously announced Mayes County Solar Portfolio.

    Twelvemile 1&2 reflects LRE’s ability to bring large-scale projects online quickly with power delivery expected to begin in early 2026. These projects expand access to reliable, cost-effective energy and enable continued investment and business growth across the region.

    “As America’s energy needs grow, projects like Twelvemile 1&2 are critical to ensuring reliable, affordable power,” said Eran Mahrer, Chief Commercial Officer at LRE. “This investment not only supports a more resilient grid but also fuels regional growth by creating jobs, attracting businesses, and strengthening infrastructure in southern Oklahoma which is critical in maintaining and continuing to attract economic development so important to the region. Guided by responsible development and a deep commitment to domestic content, local sourcing, and community-focused growth, we are delivering projects with lasting impact.”

    LRE acquired the Twelvemile portfolio from Red River Renewable Energy LLC, a joint venture between SunChase Power LLC and Eolian LP, and collaborated closely with both companies during the early development stages.

    “These solar projects will be the largest facilities of their type in Oklahoma once completed and will immediately help to reduce strain on the grid during peak summer hours of demand that define resource adequacy requirements,” added Aaron Zubaty, CEO of Eolian. “Power markets and resource supply portfolios that embrace multiple technologies can best withstand the increasing impact of severe weather events and fuel supply disruptions.”

    READ MORE FROM LEEWARD RENEWABLE ENERGY HERE

  • Why Texas’s ‘cut-throat’ approach to net zero is paying off

    Why Texas’s ‘cut-throat’ approach to net zero is paying off

    Story by Melissa Lawford, 7/27/2025

    Bobby Helmers used to be an oilman.

    For years, he worked leasing land for petroleum companies and at one point had as many as nine oil wells on his ranch in West Texas.

    But those wells have long been plugged up.

    Now, instead, the 84-year-old Trump voter has six wind turbines spinning on his ranch.

    Standing 300ft high, they make up the north-eastern end of a 76-turbine farm that stretches into the distance and is owned by French utilities company Engie, which pays Helmers handsomely for the privilege.

    “If you’re talking about bottom-line dollars, the wind turbines make more for the ranch than the cattle do,” says Helmers. “They’re a blessing.”

    “It’s not that I was dissatisfied with the oil,” says Helmers. “It’s just that production was depleting. They became no longer economically feasible.”

    READ THE RESTO OF THE STORY FROM THE TELEGRAPH HERE

  • Madero/Ignacio Grid

    Battery Makers in Slumping EV Business Find Lifeline Elsewhere

    Companies pursuing new market in energy-storage systems

    By Christopher Otts, July 21, 2025 7:00 am ET

    Big U.S. EV battery makers are stepping back from the market that got them started and betting on a new set of customers in an entirely different business.

    Instead of carmakers, these companies have started making batteries for utilities, wind- and solar-power developers, and massive data centers that train artificial intelligence.

    Selling large, stationary batteries for “energy storage systems,” or ESS, used to be a niche market that wasn’t worth much attention, said Jaehong Park, an executive at the battery arm of South Korean conglomerate LG.

    “ESS was the ugly duckling for a long time within our organization,” Park said.

    Five years ago, automakers and battery companies raced to build multibillion-dollar electric-vehicle battery plants across the U.S. South and Midwest, based on EV forecasts that proved too optimistic. Now, many of these plants are underused, delayed or stuck in limbo. Energy storage has emerged as an alternative, helping to compensate for the slowdown in electric vehicles.

    Tesla generates billions of sales from batteries for energy storage. Revenue from the storage segment, which also includes solar panels, grew 67% last year to $4 billion, partially offsetting a $6 billion fall in revenue from EV sales.

    READ THE REST OF THE STORY AT THE WALL STREET JOURNAL

  • How the Trump tax bill could help China win at A.I. .

    How the Trump tax bill could help China win at A.I.

    The GOP tax bill guts subsidies for the fastest-growing sources of U.S. electricity, solar and wind. Meanwhile, China races ahead with a broad energy strategy.

    July 3, 2025

    By 

    Republicans in Congress produced a surprise winner this week when they axed hundreds of billions of dollars in federal clean-energy subsidies: China’s artificial intelligence industry.

    China is pouring money into energy production to support its bid to dominate AI. America’s tech industry, meanwhile, has been scrounging for more energy to run power-hungry AI data centers and strongly urged Congress not to wipe out solar and wind tax credits.

    Solar panels and windmills are the fastest-growing sources of power in the United States, accounting for 80 percent of new energy being added to the grid. Yet Republican lawmakers and Trump administration officials remain intent on stifling clean energy progress in America, calling it Biden-era folly.

    Now the consequences of the massive cuts in the GOP tax and budget bill are coming into focus. Modeling of the package by energy economists shows they will substantially reduce the amount of electricity added to the U.S. power grid in the coming years, even as China races ahead.

    READ MORE FROM THE WASHINGTON POST HERE: https://wapo.st/46NzYJi

  • Storage Surge: Key to Expand Both Transmission and Generation

    Storage Surge: Key to Expand Both Transmission and Generation

    Aaron Zubaty recently spoke at the U.S. Chamber of Commerce in Washington DC during Real Clear's Energy Future Forum, and explained that building battery storage at grid-critical locations in the U.S. can unlock 30-50 GW of untapped spare transmission capacity, making more effective use of the infrastructure we already have built and paid for, and boosting efficiency of power plant operations without waiting for new generation. The first step of exercising energy dominance should be better use of what we have already built, and not letting outdated regulatory models stand in the way any longer.

    WATCH MORE ON YOUTUBE HERE: https://www.youtube.com/live/79muWat5G8w?t=24324s

  • Dirty Coal Plant

    Trump is forcing this dirty, costly coal plant to stay open

    The administration blocked an electricity plant in Michigan from closing, overturning a plan by a utility and local officials.

    June 1, 2025

    By Evan Halper and Jake Spring

    An emergency order last month from Washington rattled Michigan regulators: The Trump administration reversed the state’s plan to retire an aging power plant, forcing it to remain open and continue burning coal.

    Michigan and the plant’s operator have mounds of evidence that closing the 63-year-old J.H. Campbell plant on the eastern shore of Lake Michigan won’t create a shortage of electricity. But the Trump administration adopted a different view, claiming the Midwest is overly dependent on intermittent wind and solar power. Energy Secretary Chris Wright exercised rarely used federal authority to block the closure, which had been scheduled for May 31. His order requires the plant to continue operating for three more months — and possibly longer.

    The move will collectively increase electric bills forratepayers in the Midwest bytens of millions of dollars, according to Michigan officials. More broadly, it wasseen as an opening salvo in President Donald Trump’s effort to reverse America’s transition to clean energy and restore the nation’s dependence on burning fossil fuels.The administration’s strategy includes using federal power to overturn the plans of local utilities and regulators.

    READ THE REST OF THE ARTICLE AT THE WASHINGTON POST

Eolian in the News

Send all media inquiries to: media@eolianenergy.com

PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Eolian Announces Closing Of $515 Million Green Loan

BURLINGAME, Calif., June 6, 2023 /PRNewswire/ -- Eolian, L.P. ("Eolian"), a portfolio company of Global Infrastructure Partners ("GIP"), together with Banco Santander, MUFG, National Australia Bank, Natixis Corporate & Investment Banking, and SMBC, today announced the closing of a $515 million renewable energy green loan. This financing is secured by a diverse group of eligible green projects developed by Eolian over the past 20 years and is aligned with the four pillars of the Green Loan Principles, jointly published by the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) in February 2023.

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

PGE bolsters reliability of clean energy transition with region's largest battery storage addition

Two new local projects will add 400 megawatts of non-emitting capacity, helping PGE integrate more clean energy into its portfolio

PORTLAND, Ore., April 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today announced the procurement of 400 megawatts (MWAC) of new battery storage projects – a critical tool in Oregon's clean energy transition and the largest single procurement of standalone energy storage to date by a utility in the U.S. outside the state of California. These projects, located at substations close to electrical demand, will store enough electricity to power all PGE customer homes in a city the size of Portland for an entire evening on battery-delivered energy alone

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

PGE announces major clean energy storage project in Portland

BY ISABELLA O MALLEY

Published 7:15 AM MDT, April 28, 2023
Portland General Electric, the utility serving Portland, Oregon, announced Friday it is putting in the second-largest battery storage installation in the United States, at 400 MW of power. The significance of such projects is they diminish the need for power plants that burn fossil fuels that warm the planet.

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

$327 million financial close for Driver Solar

Lightsource bp closes financing and mobilizes construction on largest solar project in Arkansas under agreement with Entergy Arkansas

  • Build-transfer agreement with Entergy Arkansas for the 313-megawatt dc solar project facilitated financing

  • At end of construction and start of commercial operation, Entergy Arkansas will assume facility ownership and operations

  • Project to create up to 400 construction jobs, utilizing the local workforce and subcontractors

Lightsource bp has successfully closed on a $327 million financing package and mobilized construction on the 313 megawatt dc (250 megawatt ac) Driver Solar project located near Osceola in Mississippi County, Arkansas. Lightsource bp completed development, permitted and financed the project and will construct the facility under a build-transfer agreement with Entergy Arkansas announced last year. Upon completion, at 313 MW Driver Solar will be the largest solar farm in Entergy Arkansas’ portfolio as well as the largest in the state of Arkansas, generating enough energy to power more than 50,000 homes.

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

Wärtsilä and Eolian complete 200 MW standalone energy storage facility in Texas, the largest merchant battery system in the world

Wärtsilä Corporation, Trade press release 27 March 2023 at 11:00 UTC+2

Madero and Ignacio energy storage facility will provide Texas’ ERCOT grid with needed flexibility amidst growing energy demand and extreme weather events. ©Eolian

The facility is also first-of-its-kind financed with the Investment Tax Credit to provide critically needed dispatchable resource to meet urgent and growing demand for flexibility in Texas power market

The technology group Wärtsilä has reached commercial operation date (COD) for two major interconnected energy storage systems in South Texas totaling 200 MW and owned by Eolian L.P. (Eolian), a portfolio company of Global Infrastructure Partners. The Madero and Ignacio energy storage plants will be operated using Eolian software, enabling full participation in the Electric Reliability Council of Texas (ERCOT) market. This will add much needed year-round reliable operational ramping capacity to the system. The order for Wärtsilä was booked in February 2021.

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PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Eolian Closes First-Of-Its-Kind Standalone Battery Energy Storage Tax Equity Financing

BURLINGAME, Calif., Feb. 13, 2023 /PRNewswire/ -- Eolian, L.P., a portfolio company of Global Infrastructure Partners, has successfully closed the first-of-its-kind tax equity investment in two standalone utility-scale battery storage projects located in Mission, Texas. This pioneering financing is the first use of the Investment Tax Credit (ITC) structure by a standalone utility-scale battery energy storage system and is possible due to passage of the Inflation Reduction Act of 2022. Tax equity investment in the projects was provided by a fund managed by Churchill Stateside Group, LLC.

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

CPS Energy Completes FlexPOWER Bundle Initiative with Solar, Firming and Storage Additions

February 9, 2023 (SAN ANTONIO) – CPS Energy, the largest municipally owned electric and natural gas utility in the United States, has reached agreements with three companies, closing out the utility’s FlexPOWER Bundle initiative stemming from the RFP that was launched in 2020. In total, the FlexPOWER Bundle will deliver 580 megawatts (MW) of solar, 50 MW of storage, and 500 MW of natural gas firming capacity. The utility will issue a new and separate RFP in the first quarter of 2023 to procure up to an additional 320 MW of solar, to include community solar proposals, to add to its generation portfolio.

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