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Released January 16, 2018 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands) is upping its investment in renewable energy with a stake in Silicon Ranch Corporation (Nashville, Tennessee), a developer, owner and operator of solar energy plants. Silicon Ranch says it already has 880 megawatts (MW) of photovoltaic (PV) systems that are contracted, under construction, or operating in 14 states. Industrial Info is tracking $322 million in active projects involving Silicon Ranch and $1.48 billion in active renewable-energy projects involving Shell.
Shell will acquire a 43.83% interest in Silicon Ranch from Partners Group (Baar, Switzerland), a global private markets investment manager, for up to $217 million in cash, according to a press release from Silicon Ranch. As part of a separate agreement, Shell may choose to increase its position after 2021. The deal is expected to close before the end of the fiscal quarter, subject to regulatory approvals, and make Shell the company's largest shareholder.
One of Silicon Ranch's largest projects under construction is being built at Naval Support Activity (NSA) Mid-South, which is the U.S. Navy's human resources center for the region: a $106 million solar plant in Millington, Tennessee. It is expected to generate 53 MW from about 580,000 PV panels. Navy Personnel Command, Navy Recruiting Command, the Navy Manpower Analysis Center and the U.S. Army Corps of Engineers Finance Center are all headquartered at NSA Mid-South. For more information, see Industrial Info's project report.
Also in Millington, Silicon Ranch is preparing to begin construction on an $8 million substation to distribute power from the NSA Mid-South plant. It is expected to begin construction in the coming months. For more information, see Industrial Info's project report.
Another project for the Navy is a $20 million solar farm at the Naval Air Station in Meridian, Mississippi. The facility will include 51,000 PV panels that will generate 6 MW for the station and customers of Tennessee Valley Authority (NYSE:TVE) (Knoxville, Tennessee) and East Mississippi Electric Power Association (EMEPA). For more information, see Industrial Info's project report.
Silicon Ranch also is considering a separate, $100 million solar farm proposed for Meridian that, if developed, could see a $100 million second phase. As envisioned, each phase would generate 50 MW from about 220,000 PV panels. For more information, see Industrial Info's project reports on Phase I and Phase II.
"Partnering with Silicon Ranch progresses our New Energies strategy and provides our U.S. customers with additional solar renewable options," said Marc van Gerven, Shell Vice President of Solar, in the Solar Ranch press release. "With this entry into the fast-growing solar sector, Shell is able to leverage its expertise as one of the top three wholesale power sellers in the U.S., while expanding its global New Energies footprint."
Shell has been broadening its role in renewable-energy generation as the global demand for low-carbon energy sources grows. It expects to begin construction early next year on the $641.7 million Phase III and $641.7 million Phase IV of the Borssele Windfarm, offshore Westkapelle, Netherlands. Each phase includes the installation of 39 Vestas turbines, each with a capacity of 9 MW, on offshore steel towers for a total output of about 350 MW. For more information, see Industrial Info's project reports on Phase III and Phase IV.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Shell will acquire a 43.83% interest in Silicon Ranch from Partners Group (Baar, Switzerland), a global private markets investment manager, for up to $217 million in cash, according to a press release from Silicon Ranch. As part of a separate agreement, Shell may choose to increase its position after 2021. The deal is expected to close before the end of the fiscal quarter, subject to regulatory approvals, and make Shell the company's largest shareholder.
One of Silicon Ranch's largest projects under construction is being built at Naval Support Activity (NSA) Mid-South, which is the U.S. Navy's human resources center for the region: a $106 million solar plant in Millington, Tennessee. It is expected to generate 53 MW from about 580,000 PV panels. Navy Personnel Command, Navy Recruiting Command, the Navy Manpower Analysis Center and the U.S. Army Corps of Engineers Finance Center are all headquartered at NSA Mid-South. For more information, see Industrial Info's project report.
Also in Millington, Silicon Ranch is preparing to begin construction on an $8 million substation to distribute power from the NSA Mid-South plant. It is expected to begin construction in the coming months. For more information, see Industrial Info's project report.
Another project for the Navy is a $20 million solar farm at the Naval Air Station in Meridian, Mississippi. The facility will include 51,000 PV panels that will generate 6 MW for the station and customers of Tennessee Valley Authority (NYSE:TVE) (Knoxville, Tennessee) and East Mississippi Electric Power Association (EMEPA). For more information, see Industrial Info's project report.
Silicon Ranch also is considering a separate, $100 million solar farm proposed for Meridian that, if developed, could see a $100 million second phase. As envisioned, each phase would generate 50 MW from about 220,000 PV panels. For more information, see Industrial Info's project reports on Phase I and Phase II.
"Partnering with Silicon Ranch progresses our New Energies strategy and provides our U.S. customers with additional solar renewable options," said Marc van Gerven, Shell Vice President of Solar, in the Solar Ranch press release. "With this entry into the fast-growing solar sector, Shell is able to leverage its expertise as one of the top three wholesale power sellers in the U.S., while expanding its global New Energies footprint."
Shell has been broadening its role in renewable-energy generation as the global demand for low-carbon energy sources grows. It expects to begin construction early next year on the $641.7 million Phase III and $641.7 million Phase IV of the Borssele Windfarm, offshore Westkapelle, Netherlands. Each phase includes the installation of 39 Vestas turbines, each with a capacity of 9 MW, on offshore steel towers for a total output of about 350 MW. For more information, see Industrial Info's project reports on Phase III and Phase IV.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
