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Ferrovial to Build Two Photovoltaic Plants in Soria

Ferrovial is to build two photovoltaic plants in Matalebreras, Soria (Spain) for Aquila Clean Energy with the capacity to supply 30,000 homes. In line with its commitment to renewable energy, the company will design and build the facilities and provide operation and maintenance services for the first two years. Ferrovial will develop the Trevago I and Trevago II plants on a turnkey basis. The two facilities will have a combined capacity of 62 MWp (megawatt peak) — 31 MWp each — and will produce a total of 114 GWh/year. The two new solar plants will avoid 29,700 tons of CO2 emissions per year. Ferrovial will also install two power lines to connect the photovoltaic plants to the nearest substation. Construction and operation of the plants, scheduled for delivery in 2025, are expected to create close to 150 jobs. Other Ferrovial projects in the renewable energy sector include the turnkey construction (full EPC) of the 50 MW El Berrocal solar plant in Seville, and the 72 MWp Liberty 1 solar plant in Texas. Spain

Attorney Lloyd Bennack Joins Nexus PMG as General Counsel

Nexus PMG, the leading global low-carbon infrastructure, advisory, development and investment firm, announced that industry veteran Lloyd Bennack has joined the company as its new General Counsel. As the new chief of legal operations, Lloyd will oversee legal matters in operations, corporate finance, employment and other areas for Nexus PMG as the company expands its operations throughout North America. Bennack brings over three decades of experience as a legal officer to Nexus PMG to support the companys continued expansion in North American markets. Before joining the team, Lloyd served as the Deputy General Counsel for Orbital Infrastructure Group, Inc., where he supported the companys construction and EPC work across solar and power distribution. Previously, Lloyd served as General Counsel for EPC and construction firms, including Houston-based construction contractor Quanta Telecommunication Solutions, and Meteor Entertainment, Inc. Bennacks legal career began in the International Practice Group of Houston-based Baker Botts, following two years as a Judicial Clerk for U.S. District Judge John V. Singleton, Jr. at the United States District Court for the Southern District of Texas. In 2006, Bennack began his work in energy transition at Goldman Sachs renewable company, Horizon Wind Energy. Serving as the Senior Project Counsel, Lloyd spent five years supporting the companys development and environmental teams. While at Horizon, Bennack was the primary project counsel to teams developing over 60 renewable energy projects, providing legal counsel in risk analysis and management, vendor qualification, drafting and negotiation of contracts, and supporting compliance with contractual, financial, environmental and other regulatory requirements. "Lloyds robust legal experience will be integral in ensuring that Nexus legal, operational and financial matters are as effective as our role in advancing the energy transition," said Nexus PMG Holdings CEO Ben Hubbard. "Were so fortunate to add Lloyd to our executive team, and were excited to have another team member join our rapidly growing Houston base." As the new General Counsel, Bennack will work closely with Nexus PMGs executive leadership to continue the companys expansion into key low-carbon markets, including waste-to-value, sustainable aviation fuels (SAFs), green hydrog United States

Arevon Achieves $352 Million Financial Close for Posey Solar Project in Indiana

Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, today announced it has closed financing on a $352 million package to build the company’s 228 megawatt (MWdc) Posey Solar Project in Posey County, Indiana. The project, which is expected to come online in Q1 2025, will generate enough clean electricity to annually power the equivalent of more than 25,000 homes. The Posey Solar Project financial close included a $317 million construction loan and a $35 million letter of credit facility. Canadian Imperial Bank of Commerce (CIBC) served as the Coordinating Lead Arranger, Green Loan Coordinator, Bookrunner, and Administrative Agent. Commonwealth Bank of Australia served as the Coordinating Lead Arranger, Green Loan Coordinator, and Letter of Credit Issuer. Banco Bilbao Vizcaya Argentaria (BBVA), Bayerische Landesbank (BLB), Lloyds Bank, and PNC Bank served as Joint Lead Arrangers. The Bank of New York Mellon served as Collateral and Depositary Agent.Southern Indiana Gas and Electric Company will acquire the Posey Solar Project from Arevon through a build-transfer agreement after completion of construction. Bechtel is the project’s engineering, procurement, and construction (EPC) contractor. “Posey Solar is an important example of how Arevon works with utility partners to meet their sustainability goals and progresses new solar projects that will improve the energy security of communities across America while helping strengthen local economies,” said Kevin Smith, Chief Executive Officer at Arevon. “Reaching financial close on this transaction would not have been possible without the collaboration from our long-standing financial partners, with whom we celebrate this accomplishment.” “CIBC is proud to once again support Arevon, acting as Coordinating Lead Arranger, Green Loan Coordinator, Bookrunner, and Administrative Agent for the Posey Solar Project. This financing demonstrates our continued commitment to the U.S. renewable energy space as we work towards enabling a more sustainable future,” said Ines Serrao, MD and Head of US Renewables at CIBC. Amis, Patel & Brewer, LLP represented Arevon as Sponsor Counsel; Milbank LLP served as Lender Counsel; Husch Blackwell served as Sponsor Local Counsel; and Ice Miller served as Lender Local Counsel. Along with achieving financial close on the Posey Sol United States

Avid Solutions Marks Significant Growth in Green H2 and Decarbonization

Avid Solutions, a Gold Rockwell Automation System Integrator Partner specializing in process expertise and digitally-enabled solutions, today announced significant growth in demand for the company’s decarbonization and green hydrogen (H2) services. Avid Solutions, having been named the preferred delivery partner for hydrogen solutions by Rockwell Automation, has expanded its team by 35 members in the past year to meet the increasing interest for sustainable energy projects. Avid Solutions’ contributions to low-carbon emission initiatives have been marked by a series of achievements. The company was named the preferred green hydrogen delivery partner for Rockwell Automation after supporting decarbonization projects with control system integration, front-end engineering, PlantPAx implementation and standardization of liquefactions systems. Avid Solutions was also a nominee for an innovation award at the Rockwell Automation Partner Network Conference, based on their work in the hydrogen sector. “We are seeing many original equipment manufacturers (OEMs), process licensors, and producers entering the green H2 economy. They need expertise to scale, as well as speed to market entry,” said Tom O’Reilly, vice president, sustainability, Rockwell Automation. “With more than three decades of expertise in the process industries and helping OEMs scale, Avid Solutions is uniquely suited to help new green H2 clients implement best-in-class technology and ensure their business needs are met.” Rockwell Automation collaborates closely with Avid Solutions to address eco-friendly hydrogen manufacturing initiatives through the delivery of specialized services, including H2 liquefaction and turnkey plant automation using Rockwell Automation PlantPax. Avid has supported projects across various sectors, including electrolyzer OEMs, H2 liquefaction licensors, and compressor OEMs. Avid engineers are actively involved in several ongoing projects, including an initiative in Texas aimed at delivering 45 tons of green hydrogen per day. These projects have led to record growth in the company’s Texas and Georgia offices, with the Brazilian team doubling in size to meet the needs of clients in the sustainability sector. “This growth and recognition underscore our efforts in shaping a cleaner, greener future,” said Gordon Bordelon, vice president, opera Brazil

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