[October 11, 2017, New York, New York] — Greenwood Energy, now Greenwood Sustainable Infrastructure (GSI), celebrated the opening of its newly completed 7.0 MW DC Elizabeth Mine Solar project located in Strafford and Thetford, Vermont, with a ribbon cutting ceremony on Friday, September 22, 2017. Around 100 people attended to hear about the long term development of the project and to tour the site. Dori Wolfe, of Wolfe Energy, lead the event and Greenwood Energy’s Stephen Campbell gave the closing remarks.
The project is built atop a former copper mine that was declared a Superfund site in 2001 by the Environmental Projections Agency (EPA). According to the EPA, Elizabeth Mine operated from the early 1800s through 1958 during which it produced over 3.25 million tons of ore. It was once the largest copper producer in the United States. Development of the project began in 2010 by Wolfe Energy, which was later joined by Brightfields Development. Wolfe Energy worked with the EPA and the Vermont Agency of Natural Resources to repurpose the site during the environmental remediation so that it would be compatible with later solar development. The result was a prime location for a solar project. Greenwood Energy joined Wolfe Energy and Brightfields Development in 2015 to finish development, design and project contract negotiation, eventually purchasing the project outright to bring it into final construction.
Construction was undertaken by Conti Group beginning in late May 2017 and the project achieved Mechanical Completion in August 2017. The facility uses ballasted foundations so that it sits upon the remediation cap without disturbing the underlying ground. It comprises of 19,990 solar modules made by Hyundai and is expected to commence commercial operation in October 2017. Energy production and renewable energy certificates will be sold to Green Mountain Power under a long-term power purchase agreement.
About Greenwood Sustainable Infrastructure
Greenwood Sustainable Infrastructure (GSI) (www.greenwoodinfra.com) is one of the clean energy subsidiaries of Libra Group. GSI is a renewable energy company focused on the development, construction and operation of distributed generation and utility-scale solar energy and battery storage projects in North America. As of March 2023, the company developed approximately 178 MW across 43 renewable energy projects, many of which are still owned or operated by GSI, and has an additional project pipeline of 1.6 GW. GSI’s seasoned team also has a proven track-record investing in power assets and partnering with multiple top-tiered investors.
Greenwood Energy, now Greenwood Sustainable Infrastructure (GSI), announces the closing of a $52.8 million tax equity and debt financing on a portfolio of solar photovoltaic (PV) projects with a combined generating capacity of 26 MW, bringing the total portfolio developed by Greenwood Energy in the United States to 84 MW. The portfolio is made up of six projects in Florida, Vermont and New York. Construction of the Florida and Vermont projects is complete and they are expected to begin selling energy by the end of August and September, 2017, respectively. The New York projects are advanced in their construction phase and will be commercially operational in early 2018. All projects have long term Power Purchase Agreements (“PPA”) with investment grade counterparties.
Tax equity financing was provided by U.S. Bancorp Community Development Corporation and debt financing was provided by Santander Bank.
This is Greenwood Energy’s fourth successful solar PV portfolio financing, having previously developed, built and financed 23 solar projects in the United States with 58MW of generating capacity.
About Greenwood Sustainable Infrastructure
Greenwood Sustainable Infrastructure (GSI) (www.greenwoodinfra.com) is one of the clean energy subsidiaries of Libra Group. GSI is a renewable energy company focused on the development, construction and operation of distributed generation and utility-scale solar energy and battery storage projects in North America. As of March 2023, the company developed approximately 178 MW across 43 renewable energy projects, many of which are still owned or operated by GSI, and has an additional project pipeline of 1.6 GW. GSI’s seasoned team also has a proven track-record investing in power assets and partnering with multiple top-tiered investors.
[February 22, 2016, New York, New York] — Greenwood Energy, now Greenwood Sustainable Infrastructure (GSI), today announced it will finance and own a 2.9-megawatt (MW) capacity solar energy installation for Ithaca College. The array is located 40 miles from campus in Seneca, New York, but will meet 10% of the college’s electricity needs through virtual net metering and will be one of the largest for a higher education institution in New York State once complete.
“Smart policy innovations like virtual net metering further extend the economic and environmental benefits of solar power for New York’s educational and business communities,” said Camilo Patrignani, CEO of Greenwood Energy. “This installation brings Ithaca College one step closer to both New York’s 50% renewable energy target and America’s low-carbon energy future.”
The project is being built and financed through a 25-year power purchase agreement along with incentives from the New York State Energy Research and Development Authority’s NY-SUN program. The Ithaca College project adds to the over 95MW of renewable energy projects Greenwood has developed in the United States, and will help the school meet its goal of 100% carbon neutrality by 2050.
“This is a significant milestone in the history of Ithaca College, and in our commitment to sustainability,” said President Tom Rochon. “We are proud to be making this tremendous leap forward in environmental stewardship on behalf of our students, faculty, staff and alumni as well as the wider community in which we all live.”
About Greenwood Sustainable Infrastructure
Greenwood Sustainable Infrastructure (GSI) (www.greenwoodinfra.com) is one of the clean energy subsidiaries of Libra Group. GSI is a renewable energy company focused on the development, construction and operation of distributed generation and utility-scale solar energy and battery storage projects in North America. As of March 2023, the company developed approximately 178 MW across 43 renewable energy projects, many of which are still owned or operated by GSI, and has an additional project pipeline of 1.6 GW. GSI’s seasoned team also has a proven track-record investing in power assets and partnering with multiple top-tiered investors.
Greenwood Energy, now Greenwood Sustainable Infrastructure (GSI), has joined the United States’ climate action effort by committing to the American Business Act on Climate Pledge. Through the pledge, Greenwood is demonstrating its support for action on climate change and a strong international agreement at the United Nations’ COP21 climate summit by promising to increase its low-carbon investments and deploy new renewable energy generation resources.
White House logo by U.S. federal government [Public domain], via Wikimedia Commons
Greenwood’s pledge includes the following actions:
- By the end of 2016, develop and construct over 100 megawatts (MW) of incremental solar photovoltaic (PV) capacity for commercial and industrial (C&I) customers throughout the U.S., reducing carbon emissions approximately 90,000 metric tons per year.
- By the end of 2017, develop and construct over 200MW of distributed generation renewable energy projects for C&I customers across Latin America.
- Support the deployment of distributed solar PV and energy storage technologies with C&I companies across the U.S. and Latin Americas to make electricity delivery as efficient as possible with the lowest carbon footprint.
- Expand Greenwood’s business model to integrate additional clean energy technologies such as energy efficiency and demand management.
“We are passionate about America’s renewable energy future and have committed our resources and team to empowering our customers to secure a low-carbon energy future,” said Camilo Patrignani, CEO of Greenwood Energy.
Since 2006, Greenwood has developed over 95MW of renewable energy projects in the U.S., reducing carbon emissions by an estimated 85,000 metric tons per year, the equivalent CO2 emissions of nearly 46,000 tons of coal.
A total of 154 companies have signed the American Business Act on Climate Pledge to date and these companies have operations in all 50 U.S. states, employ nearly 11 million people, represent over $4.2 trillion in annual revenue, and have a combined market capitalization of over $7 trillion. A full list of pledges is available at: www.whitehouse.gov/the-press-office/2015/11/30/white-house-announces-additional-commitments-american-business-act
About Greenwood Sustainable Infrastructure
Greenwood Sustainable Infrastructure (GSI) (www.greenwoodinfra.com) is one of the clean energy subsidiaries of Libra Group. GSI is a renewable energy company focused on the development, construction and operation of distributed generation and utility-scale solar energy and battery storage projects in North America. As of March 2023, the company developed approximately 178 MW across 43 renewable energy projects, many of which are still owned or operated by GSI, and has an additional project pipeline of 1.6 GW. GSI’s seasoned team also has a proven track-record investing in power assets and partnering with multiple top-tiered investors.
CEO of Greenwood Energy, now Greenwood Sustainable Infrastructure (GSI), Camilo Patrignani joined solar industry leaders and financial market analysts at the Solar Finance & Investment USA conference on October 28th in New York City. Camilo was featured on the U.S. companies moving to Latin America and the Caribbean panel session.
Camilo joined Nick Holman, BNRG Director, to provide policy updates from key countries including Chile, Brazil, Mexico, and Panama; discuss which financing structures work for renewable energy projects in each market; how developers should deal with political and currency risk; and the value of analyzing joint ventures and acquisitions among local developers.
For more information, visit the Solar Finance & Investment USA conference online at http://financeusa.solarenergyevents.com/
Camilo Patrignani, CEO of Greenwood Energy, now Greenwood Sustainable Infrastructure (GSI), joined internationally recognized energy and climate leaders at the 2015 Concordia Summit on October 1st in New York City to lead the plenary session Emerging Climate Economies: A Roadmap to Global Energy Security.
Camilo lead the panel featuring Felipe Calderon, former President of the United Mexican States, and Andres Gluski, President and Chief Executive Officer of the AES Corporation. Their discussion covered the role solar power and wind energy can play in expanding domestic energy security, reducing imported energy costs and harmful carbon emissions, and reaching international climate goals across emerging economies in Central America, the Caribbean, and South America.
Watch the full panel at: https://www.youtube.com/watch?v=HfBxAlxsVXE
For more information, visit Concordia online at 2015 Concordia Annual Summit | Concordia
Dennis Loria, Senior Vice President at Greenwood Energy, now Greenwood Sustainable Infrastructure (GSI), recently addressed Members of Congress and staff from the U.S. Senate and House of Representatives at a panel on clean energy at the 18th annual Congressional Renewable Energy and Energy Efficiency Expo + Forum.
Dennis encouraged federal policymakers to focus on three policies to help America’s clean energy industry continue its record growth:
- Provide a smoother transition for the expected expiration of the current federal Investment Tax Credit at the end of 2016. Greenwood supports creating an expiration glide path to help the solar industry better plan for future project investment and development.
- Expand federal support for energy storage research, innovation and deployment. Greenwood considers energy storage key for future growth of renewable energy across America and the world, but like other new clean energy innovations, the industry needs incentives to drive down costs and help the market develop.
- Adopt the EPA’s proposed Clean Power Plan (CPP) to reduce emissions from existing power plant generation. Greenwood supports the CPP as a way to fight climate change and expand renewables, citing U.S. Energy Information Administration estimates the CPP will cut emissions between 29-36 percent by 2030 while adding between 138-393 gigawatts of new renewable energy generation capacity through 2040.
Watch the full panel session, including Dennis’ remarks, by clicking play on the embedded video below:
[December 29, 2014, New York, New York] — Greenwood Energy, now Greenwood Sustainable Infrastructure (GSI), today announced that it will expand its solar business by targeting construction-ready distributed generation projects across the United States. Debt financing will be provided by funds managed by affiliates of Fortress Investment Group LLC (NYSE:FIG, Fortress).
Pursuant to the terms of the transaction, Fortress will provide financing for the construction and operation of new solar photovoltaic (PV) projects developed by Greenwood for commercial, industrial, utility, and municipal customers. Once commissioned, Greenwood will operate the assets and sell electricity through long-term power purchase agreements, as well as solar renewable energy credits when possible.
“We are thrilled to work with Fortress on this investment and solar business expansion,” said Camilo Patrignani, CEO of Greenwood Energy. “Solar power is an increasingly attractive investment, and in my opinion a leading, global firm like Fortress funding new capacity serves notice that distributed solar generation is on a clear path toward continued growth.”
Specific project locations and generation capacities will be determined as the partnership unfolds. Greenwood currently has a 300-megawatt (MW) U.S., project pipeline and has already undertaken 45 MW of solar PV projects across the Northeast and Mid-Atlantic regions in 2014. The company also has a 3,000 MW pipeline of solar PV projects across Latin America and the Caribbean.
About Greenwood Sustainable Infrastructure
Greenwood Sustainable Infrastructure (GSI) (www.greenwoodinfra.com) is one of the clean energy subsidiaries of Libra Group. GSI is a renewable energy company focused on the development, construction and operation of distributed generation and utility-scale solar energy and battery storage projects in North America. As of March 2023, the company developed approximately 178 MW across 43 renewable energy projects, many of which are still owned or operated by GSI, and has an additional project pipeline of 1.6 GW. GSI’s seasoned team also has a proven track-record investing in power assets and partnering with multiple top-tiered investors.
About Libra Group
Libra Group (www.libra.com) is a privately owned, global business group that encompasses 30 operating entities: 20 businesses predominately focused on aviation, renewable energy, maritime, real estate, hospitality, and diversified investments, and 10 social initiatives. With assets and operations in nearly 60 countries, the Group applies the strength of its global network and capabilities to deliver cross-sector insights and growth at scale, while mitigating risk. Today, Libra’s Social Responsibility Programs include 10 social initiatives created to address unmet needs and grantmaking that helps people worldwide.
The US Environmental Protection Agency announcing higher air quality standards for energy producers, accelerating the movement toward cleaner fuels. A Greenwood factory in Green Bay, Wisconsin, is at the forefront of this movement, converting “non-recyclable paper and plastic byproducts of various manufacturing processes into pellets that have about the same energy value per pound as bituminous coal, but are significantly lower in sulfur and mercury emissions”.
View full article here: http://gbdmagazine.com/2014/30-greenwood-energy/
This article originally appeared in Green Building and Design in their November/December 2014 issue. By Peter Fabris
[October 30, 2014, New York, New York] — Greenwood Energy, now Greenwood Sustainable Infrastructure (GSI), is partnering with The McCain Institute for International Leadership to host a fellow in the Next Generation Leaders Program. The program is a year-long professional development experience that empowers global emerging leaders in their early to mid-career. Each year, up to 20 Next Generation Leaders are selected from various backgrounds around the world who have demonstrated extraordinary character, commitment to core human values, and capacity for future leadership.
Greenwood Energy is pleased to host Carlos Mayorga from Colombia. Mr. Mayorga is a highly regarded innovator and entrepreneur. After working as a mechanical designer for private companies, he started his first micro franchise in 2003. He developed Global Blue Hydros (“GBH”), a franchisor of “Delivery Car Wash Service,” which is an innovative and environmentally sustainable car wash business. With more than 12 years of experience, Mr. Mayorga is responsible for the creation of dozens of brands such as UVA.com.co and promotes the positive impact of franchising in Latin America through websites such as franquicialatina.com. Over the last two years, he helped establish more than 80 small businesses in Colombia creating more than 250 jobs. These achievements earned him awards such as “Innova Award, 2006,” “Conquista USA Award, 2007,” “Best entrepreneur of 2011” and “IMPACTA Award, 2011.” In addition, Mr. Mayorga’s accomplishments have been featured in case studies at the top business schools in Colombia.
Based in Washington D.C., The McCain Institute for International Leadership, as part of Arizona State University, is a center for research and action in national security and foreign policy. It seeks to promote leadership and decision-making, in the best American tradition of open inquiry, spirited discussion and practical action. Through its policy research, events, fellows programs, and other activities, the Institute aims to inform, convene, train and assist current and future leaders from the United States and abroad.
Greenwood Energy has been developing, constructing and investing in clean and renewable energy projects since 2010. The company is involved in renewable fuels manufacturing, clean energy generation and solar project construction.
About Greenwood Sustainable Infrastructure
Greenwood Sustainable Infrastructure (GSI) (www.greenwoodinfra.com) is one of the clean energy subsidiaries of Libra Group. GSI is a renewable energy company focused on the development, construction and operation of distributed generation and utility-scale solar energy and battery storage projects in North America. As of March 2023, the company developed approximately 178 MW across 43 renewable energy projects, many of which are still owned or operated by GSI, and has an additional project pipeline of 1.6 GW. GSI’s seasoned team also has a proven track-record investing in power assets and partnering with multiple top-tiered investors.
About Libra Group
Libra Group (www.libra.com) is a privately owned, global business group that encompasses 30 operating entities: 20 businesses predominately focused on aviation, renewable energy, maritime, real estate, hospitality, and diversified investments, and 10 social initiatives. With assets and operations in nearly 60 countries, the Group applies the strength of its global network and capabilities to deliver cross-sector insights and growth at scale, while mitigating risk. Today, Libra’s Social Responsibility Programs include 10 social initiatives created to address unmet needs and grantmaking that helps people worldwide.