ReportWire

Tag: infrastructure lending

  • Ecofin Taps Sustainability Partners to Manage U.S. Utility-Scale Wind and Solar Assets

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    Sustainability Partners (SP), a Public Benefit Company dedicated to advancing sustainable infrastructure, announced today that it will provide day-to-day operational management for Ecofin U.S. Renewables Infrastructure Trust PLC (RNEW), a London Stock Exchange-listed investment company that owns and operates a diversified portfolio of utility-scale renewable energy assets.

    Under this appointment, SP will manage RNEW’s daily business operations and oversee the management of renewable energy assets. This includes supervising operations and maintenance (O&M) managers, coordinating with asset management service providers, and ensuring optimal performance of assets throughout the portfolio.

    With a proven track record in managing infrastructure assets, SP brings the expertise needed to keep RNEW’s portfolio operating with maximum uptime and optimized performance. The portfolio includes the following utility-scale operating assets, all of which operate under fixed-price power purchase agreements (PPAs) with investment-grade electric utilities:

    • Whirlwind Wind Farm (Texas): A 59.8 MW wind project, comprising 26 turbines and associated infrastructure.

    • Beacon Portfolio (California): Two solar projects totaling 107.8 MWdc1 – Beacon II (59.6 MWdc) and Beacon V (48.2 MWdc).

    “Partnering with RNEW underscores our commitment to building the infrastructure backbone of a cleaner energy future. We look forward to leveraging our expertise to ensure long-term value and reliability across utility-scale renewable energy assets,” said John Veech, CEO of SP.

    About Sustainability Partners

    Sustainability Partners (SP) is a Public Benefit Company that facilitates funding, deployment, and ongoing care of essential infrastructure to help municipalities, universities, schools, and hospitals meet their needs. SP can help solve any combination of funding, design, engineering, procurement, installation, and maintenance of essential infrastructure with no upfront costs. Like a utility, SP charges a monthly usage fee based on a month-to-month agreement. Its goal is to establish long-term relationships with its customers and ensure its infrastructure remains safe, reliable, and improving forever.

    Learn more about Sustainability Partners.

    Source: Sustainability Partners

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  • Sustainability Partners Expands Commitment to Fund Critical Infrastructure Solutions Across the United States

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    Sustainability Partners (SP), a Public Benefit Company revolutionizing how essential infrastructure is procured, deployed, funded and maintained, today announced its expanded focus on providing flexible solutions to address the nation’s aging infrastructure. Concentrating on municipalities, utilities, schools, and hospitals, SP is dedicated to ensuring that critical infrastructure projects, many of which are long overdue, are no longer delayed by funding challenges or other obstacles.

    As the urgency of addressing deferred maintenance grows, so does the demand for accessible and reliable funding models. Due to uncertainty surrounding federal funding, as well as the significant barriers that traditional funding and procurement models often present, SP’s mission is to bridge the gap by offering Infrastructure as Service® solutions. This model empowers public entities to implement critical projects without the upfront capital requirements of traditional infrastructure project development and procurement.

    “Our priority is helping communities tackle the infrastructure projects they can’t afford to delay,” said John Veech, CEO of SP. “This isn’t just about funding projects; it’s about enabling communities to address critical needs without the constraints of traditional funding and procurement models. Whether it’s aging water systems, transportation upgrades, or utility infrastructure, these projects must get done and we’re here to make it happen.”

    SP’s Infrastructure as a Service® model offers long-term funding solutions specifically designed to align with customers’ operational budgets. This approach allows municipalities and public entities to carry out essential projects without any upfront costs and provides the predictability of monthly usage fees, similar to paying a utility bill. As part of the IaaS ® model, SP also facilitates initial project design, equipment procurement, and funding while managing implementation and construction and overseeing maintenance. In addition to the financial benefits to the community, SP utilizes advanced IoT technology to continuously monitor and upgrade the quality of the infrastructure over time.

    Recent examples of SP’s impact include:

    • A Mississippi municipality: Partnered with SP to fund, procure, replace, and maintain a comprehensive system for over 65,000 smart water meters. During the first month of partial deployment, revenue collections rose to over $7M, increasing from $3.6M the previous month, primarily due to enhanced precision in usage measurement.

    • State of Hawai’i, multiple agencies: SP is helping the State of Hawai’i reach its clean energy goals by helping it transform its entire government fleet from petroleum to electric vehicles, plus implementing the necessary charging infrastructure, including chargers, solar, battery storage, and microgrids. This initiative has already reduced fuel costs by 25% and greenhouse gas emissions by over 600,000 pounds.

    • An international airport: Partnered with SP to fund and put electric ground support equipment charging infrastructure in place, saving one major airline $25,000 per month in fuel costs. Additional equipment has been requested by two additional airlines.

    • A Louisiana municipality: Utilized SP’s IaaS to upgrade its outdated water meter system, resulting in a 2.5-fold increase in revenue collection due to enhanced data quality and usage measurement along with notable improvements in water conservation from advanced leak detection.

    “These are not optional upgrades. They’re essential to our communities’ long-term resilience,” added Veech. “We’re not just funding infrastructure; we’re solving problems and building relationships. Our goal is to be a trusted partner that helps communities move forward by addressing critical projects today, not tomorrow.”

    SP is committed to supporting communities as they modernize their infrastructure, address deferred maintenance, and plan for future growth. To learn more about how SP can support your next infrastructure project, please visit www.s.partners.

    About Sustainability Partners

    Sustainability Partners (SP) is a Public Benefit Company that facilitates funding, deployment, and ongoing care of essential infrastructure to help municipalities, universities, schools, and hospitals meet their needs. SP can help solve any combination of funding, design, engineering, procurement, installation, and maintenance of essential infrastructure with no upfront costs. Like a utility, SP charges a monthly usage fee based on a month-to-month agreement. Its goal is to establish long-term relationships with its customers and ensure its infrastructure remains safe, reliable, and improving forever.

    Learn more about Sustainability Partners.

    Source: Sustainability Partners

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