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