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February 14, 2016

Argo to acquire 49.9% stake in 200MW gas-fired power facility in US

Argo Infrastructure Partners subsidiary AIA Energy North America has signed an agreement to purchase 49.9% stake in Black Hills Colorado.

Argo Infrastructure Partners subsidiary AIA Energy North America has signed an agreement to purchase 49.9% stake in Black Hills Colorado.

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
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  • Energy strategy to 2050 
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Terms of the deal have not been disclosed.

Black Hills Colorado is an indirect subsidiary of South Dakota-based Black Hills Corp and operates 200MW natural gas-fired power facility in Pueblo, Colorado.

As part of the long-term contract, the facility provides its generating capacity to the Black Hills’ electric utility in Colorado.

"We look forward to a long-term relationship with Argo, a team of experienced infrastructure investment professionals."

Argo managing director Aaron Gold said: "We are excited to form a partnership with the Black Hills team, a top-notch operator of utility and generation assets.

"As a long-term capital provider to the utility and energy sector, we look forward to working with Black Hills in supporting the stewardship of this critical facility and providing service to Black Hills Colorado Electric and, in turn, its customers, for many years to come."

Black Hills Corp chairman and CEO David Emery said: "We look forward to a long-term relationship with Argo, a team of experienced infrastructure investment professionals."

The deal is subject to customary Federal Energy Regulatory Commission approval.

Black Hills Corp’s non-regulated businesses generate wholesale electricity and produce natural gas, oil and coal.

It serves around 1.2 million natural gas and electric utility customers in eight states.

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Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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