Articles from Leeward Renewable Energy

LRE (Leeward Renewable Energy), a leading American renewable energy company, today announced over 700-megawatt alternating current (MWac) of renewable energy projects in Oklahoma that are supported in part by long-term power purchase agreements (PPAs) with Google.

LRE (Leeward Renewable Energy) today announced the completion and commercial operation of its 200-megawatt (MW) Morrow Lake Solar project. Located in Frio County, Texas, the project will provide Microsoft Corp. (“Microsoft”) renewable energy under a previously announced long-term power purchase agreement.

Leeward Renewable Energy (LRE) today announced that it has completed construction and reached commercial operation of its 179-megawatt (MW) White Wing Ranch solar project in Yuma County, Arizona. Verizon Communications has supported the development of White Wing Ranch through a long-term power purchase agreement. Completion of White Wing Ranch takes LRE’s operating fleet to more than 3.3 gigawatts.

Leeward Renewable Energy (LRE), a leading renewable energy company, announced the launch of The LRE Foundation, a 501(c)(3) non-profit organization focused on three pillars of environmental stewardship, health and safety, and education. The LRE Foundation has raised $450,000 and counting at the first annual LRE Foundation Charity Golf Tournament held last week.

Leeward Renewable Energy (“LRE”), a leading renewable energy company, today announced its inclusion in Fast Company’s 2024 ‘Best Workplaces for Innovators’ list. This recognition highlights LRE’s commitment to fostering a culture of innovation and empowering employees to develop creative solutions that advance both the company and the renewable energy sector. LRE’s placement on this prestigious list underscores its dedication to driving progress and excellence in the industry.

Leeward Renewable Energy (LRE), a leading renewable energy company, today announced the closing of its $1.25 billion construction warehouse facility (“Construction Warehouse”), marking a significant scaling of its financing capacity to support continued investments in its rapidly growing operating portfolio. The Construction Warehouse provides three years of committed capital designed to fund a multi-year build plan of advanced and construction-ready projects from LRE’s development pipeline. Initially, the $1.25 billion revolving facility will fund the construction of six fully contracted wind, solar and battery storage projects, totaling nearly 1 gigawatt (GW) of capacity, which are expected to be completed and begin operation throughout 2024 and 2025. LRE’s renewable energy platform currently includes more than 3 GW of operating assets and more than 30 GW of projects in its development pipeline to meet rising demand.

Leeward Renewable Energy (LRE), a leading renewable energy company, has signed a 15-year Long-Term Resource Adequacy Agreement with Pacific Gas & Electric Company (PG&E) for LRE’s 112.5-megawatt (MW) Sierra Pinta Energy Storage project in Yuma County, Arizona. Sierra Pinta, a standalone battery energy storage (BESS) facility, is adjacent to LRE’s 179-MW White Wing Ranch Solar project, which is currently under construction.

Leeward Renewable Energy (LRE) today released its inaugural Sustainability Highlights Report, showcasing the Company’s key sustainability activities, environmental performance, and commitments as a leading renewable energy company in the United States. The 2022 – 2023 Sustainability Highlights Report, titled “Powering with Purpose,” outlines LRE’s progress in three key areas: empowered teams; clean energy excellence; and thriving environments and communities.

Leeward Renewable Energy (LRE) today announced that it completed construction and commenced operation of its 200-megawatt (MW) Horizon Solar Project. Located near Pearsall in Frio County, Texas, the project will provide Verizon Communications Inc. (“Verizon”) renewable energy under a previously announced Renewable Energy Purchase Agreement (REPA).

Leeward Renewable Energy (“LRE” or “Company”), a leading renewable energy company, today announced that it has entered into two 200-megawatt (MW) Power Purchase Agreements (PPA) with Microsoft Corp. (“Microsoft”).

Leeward Renewable Energy (“LRE” or “Company”), a leading renewable energy company, today announced that it has appointed Nate Graham as Chief Technology Officer (CTO).

Leeward Renewable Energy (LRE), a leading renewable energy company, today announced that it will sponsor the University of Michigan (U-M) Solar Car Team for the next two years. As part of the sponsorship, LRE will provide financial support to the U-M Solar Car Team as well as other leadership and engagement to help the team develop its latest solar car slated to compete in the prestigious 2023 Bridgestone World Solar Challenge – a 3,000-kilometer transcontinental course in Australia.

Leeward Renewable Energy (LRE), a leading renewable energy company, and Southern California Edison (SCE), one of the nation’s largest electric utilities, announced today that they have entered into a 15-year Power Purchase Agreement (PPA) for LRE’s 126-megawatt Antelope Valley BESS facility in Kern County, California. Once complete, the facility will be LRE’s first standalone battery energy storage system (BESS) and will expand its growing renewable energy portfolio to include about 1 GWh of operating storage capacity.

Leeward Renewable Energy (“LRE”) today announced that members of its management team are scheduled to attend the 2023 Wells Fargo Clean Energy Symposium on March 28, 2023 in New York, New York at the Lotte New York Palace.

Leeward Renewable Energy (“LRE” or “Company”) today announced it has closed approximately $75 million in construction to term financing from MUFG Bank Ltd. and an approximately $105 million tax equity commitment from Wells Fargo for its Horizon solar facility located in Frio County, Texas.

Leeward Renewable Energy (“LRE” or “Company”) today announced that it has completed construction and commenced operations of its 100-megawatt (MW) Rabbitbrush Solar Facility located in Kern County, California, which also includes a 20 MW, 50 MWh battery energy storage system. As previously announced, the energy generated by the project will serve two not-for-profit, community-owned electricity providers, Central Coast Community Energy (CCCE) and Silicon Valley Clean Energy (SVCE), through two 15-year power purchase agreements (PPAs).

Leeward Renewable Energy (“LRE”) today announced that Greg Hazelton has been named its new Chief Financial Officer.

Leeward Renewable Energy (“LRE” or “Company”) today announced the beginning of construction of the 200-megawatt (MW) Horizon Solar project near the city of Pearsall in Frio County, Texas. A groundbreaking ceremony was held earlier today.

Leeward Renewable Energy, Central Coast Community Energy (CCCE) and Silicon Valley Clean Energy (SVCE), today announced that construction has commenced on the Rabbitbrush Solar project located in Kern County, California. Leeward previously signed two 15-year power purchase agreements (PPAs) with CCCE and SVCE.

Leeward Renewable Energy (Leeward) and Valley Clean Energy (VCE) announced today that they have entered into a 15-year solar-plus-storage Power Purchase Agreement (PPA) involving Leeward’s 72-megawatt (MW) solar and 36 MW (144 megawatt-hour) battery storage Willow Springs 3 facility (Willow Springs 3) in Kern County, California.