Marianna Receives EPA Recognition for Solar Array Project
DEP s Deputy Secretary for Ecosystems Restoration, Adam Blalock, and DWRA s Clean Water State Revolving Fund (CWSRF) staff visited the city of Marianna for a plaque presentation and tour of the Marianna Solar Array Project. The city received the Environmental Protection Agency s (EPA) 2020 George F. Ames PISCES Recognition for Excellence in Problem Solving for the project. DWRA s CWSRF provided a $5 million low-interest loan for the construction of two solar facilities to provide nearly all of the energy needs for the wastewater system. By reducing the operational cost over 20%, the small rural community’s wastewater rates are controlled and made more affordable for the future.
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KENDU BAY, Kenya (Thomson Reuters Foundation) - Mary Achieng’ sifted through her catch of silver cyprinid fish, sorting them into gunny sacks and carrying them to the weighing stand at Kogwang’ Beach, on the Kenyan shore of Lake Victoria.
Achieng’ had caught the fish the night before, using a solar-powered light to lure them into her nets.
The 500-kg (1,100-lb) haul would earn her 50,000 Kenyan shillings ($450) - enough to keep her family going until she next went out again on the lake a week later.
Before she got the lamp two years ago, Achieng’ had to stock her stall in Kendu Bay with whatever she could buy from local fishermen - many of whom would only sell to women offering up their bodies for sex.
Image: Gore Street Energy Storage Fund.
Gore Street Energy Storage Fund’s two 50MW battery assets in Northern Ireland are in the final stages of construction and testing, the company announced.
In addition to the two 50MW assets, Gore Street has also secured the grid connection rights to increase the capacity of its Porterstown Republic of Ireland site from 30MW to 90MW, although this increase is not include in its NAV update.
The fund has also secured a Capacity Market contract for three of its assets in the UK, representing 59.9MW for 12 months from October 2021. The contract rate comes in at £45,000/MW/year, which the company said is “significantly higher” than the £7,200/MW/year it used in its net asset value (NAV) calculations, therefore representing £566,000 of additional contracted income from the original budget for the period from October 2021 and September 2022.
Image: Gresham House Energy Storage Fund
Gresham House – which manages funds including Gresham House Energy Storage Fund – has recorded a net core income of £40.8 million and an adjusted operating profit of £12.1 million.
These were up 29% and 17% from 2019 respectively despite chairman Anthony Townsend describing 2020 in the company’s full year results as being “one of the most challenging years we have seen” due to the COVID-19 pandemic affecting global populations and economies “on an unprecedented scale”.
Even with the backdrop of the pandemic, Gresham House saw a “busy and productive year”, with its assets under management increasing by 42% to £4.0 billion.
When it comes to Gresham House Energy Storage Fund specifically, the fund was praised for the £150 million it raised in the year. It was able to supply 100MW of utility scale battery storage projects from its pipeline, with the proceeds of the fundraising to be used to finance a c.485MW pipelin