Country for PR: United States
Contributor: PR Newswire New York
Thursday, May 26 2022 - 04:37
AsiaNet
AB Power Advisors Facilitates Offtake from Concho Valley Solar
AUSTIN, Texas, May 26, 2022 /PRNewswire-AsiaNet/ --

AB Power Advisors, LLC (AB), in Austin, Texas, is pleased to announce its 
advisory role in the agreement for EDF Energy North America (EDFENA) to source 
renewable energy from Concho Valley Solar LLC (Concho Valley Solar) to provide 
power to the natural gas processing infrastructure for an industrial end-user 
in West Texas. 

Logo - https://mma.prnewswire.com/media/1520482/AB_Power_Advisors_Logo.jpg

AB's long-standing relationship with the parties involved allowed for an 
efficient deal process and an agreement to purchase 10 years of As-Gen Energy, 
RECs, and Environmental Attributes from Concho Valley Solar, a 160 MWac solar 
facility, with an expected commercial operation date of September 2022. Concho 
Valley Solar's owner is Komipo America, Inc., a U.S. subsidiary of Korea 
Midland Power Co., LTD.

Regarding the deal, Steve Kim from Komipo America said, "We are committed to 
expanding our renewables portfolio in the U.S. and it's our great pleasure to 
work with AB and EDFENA. We look forward to partnering with AB on future 
opportunities down the path of enlarging our capacity in the U.S.".

EDFENA will be providing REP services to the industrial end-user including 
credit facilitation. 

Matthew Berend, Managing Partner of AB Power Advisors, said "AB has been able 
to partner with our project clients, serve as an expansion of their commercial 
team and identify offtakers focused on achieving their ESG goals. AB looks 
forward to continuing to support the buildout of Komipo's renewable projects 
across the US power markets."

AB Power Advisors (www.abpoweradvisors.com) has advised clients based on its 
teams' extensive experience and expertise in the US power markets. Recently, AB 
has expanded its management team and continues to grow significantly across the 
US markets as a premier advisory services firm that specializes in delivering 
customized solutions. Our clients look to AB for the following service offering:

    -- Regulatory Advisory & Market Impact Analysis
    -- Thermal & Renewable Offtake Origination
    -- Strategic Energy Management
    -- Capital Deployment
    -- M&A Support  

Media Contact:
Trent Schauer
Phone: +1 (830) 857-6431
Email: trent.schauer@abpoweradvisors.com

SOURCE AB Power Advisors
Translations

Japanese