AB Power Advisors Facilitates Offtake from Concho Valley Solar
PR96185
AUSTIN, Texas, May 26, 2022 /PRNewswire=KYODO JBN/ --
AB Power Advisors, LLC (AB), in Austin, Texas, is pleased to announce its
advisory role in the agreement for EDF Energy North America (EDFENA) to source
renewable energy from Concho Valley Solar LLC (Concho Valley Solar) to provide
power to the natural gas processing infrastructure for an industrial end-user
in West Texas.
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AB's long-standing relationship with the parties involved allowed for an
efficient deal process and an agreement to purchase 10 years of As-Gen Energy,
RECs, and Environmental Attributes from Concho Valley Solar, a 160 MWac solar
facility, with an expected commercial operation date of September 2022. Concho
Valley Solar's owner is Komipo America, Inc., a U.S. subsidiary of Korea
Midland Power Co., LTD.
Regarding the deal, Steve Kim from Komipo America said, "We are committed to
expanding our renewables portfolio in the U.S. and it's our great pleasure to
work with AB and EDFENA. We look forward to partnering with AB on future
opportunities down the path of enlarging our capacity in the U.S.".
EDFENA will be providing REP services to the industrial end-user including
credit facilitation.
Matthew Berend, Managing Partner of AB Power Advisors, said "AB has been able
to partner with our project clients, serve as an expansion of their commercial
team and identify offtakers focused on achieving their ESG goals. AB looks
forward to continuing to support the buildout of Komipo's renewable projects
across the US power markets."
AB Power Advisors (www.abpoweradvisors.com ) has advised clients based on its
teams' extensive experience and expertise in the US power markets. Recently, AB
has expanded its management team and continues to grow significantly across the
US markets as a premier advisory services firm that specializes in delivering
customized solutions. Our clients look to AB for the following service offering:
-- Regulatory Advisory & Market Impact Analysis
-- Thermal & Renewable Offtake Origination
-- Strategic Energy Management
-- Capital Deployment
-- M&A Support
Media Contact:
Trent Schauer
Phone: +1 (830) 857-6431
Email: trent.schauer@abpoweradvisors.com
SOURCE AB Power Advisors
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