CPV Retail Expands Operations into New York Market to Serve C&I Customers
CPV Retail, an affiliate of Competitive Power Ventures (CPV), announced today the expansion of its retail energy operations into the New York Independent System Operator (NYISO) market. The growth enables CPV Retail to serve commercial and industrial (C&I) customers across New York, further strengthening customer choice in one of the nation’s most competitive and dynamic energy markets.
CPV Begins Operations at Maryland’s Largest Solar Project
Today, Competitive Power Ventures’ (CPV) affiliate CPV Renewable Power and its strategic investment partner Harrison Street Asset Management (HSAM) announced the start of commercial operations at CPV Backbone Solar, a 160-megawatt (MW) solar project located in Garrett County, Maryland. In parallel, CPV secured its third solar tax equity financing with U.S. Bank. Marathon Capital served as advisor, emphasizing the project’s quality and CPV’s leading role in developing utility-scale renewable projects.
CPV Basin Ranch Energy Center Breaks Ground in Ward County, Texas
Competitive Power Ventures (CPV) officially broke ground today on the construction of the CPV Basin Ranch Energy Center, a 1,350-megawatt combined-cycle natural gas power plant in the Permian Basin. Company leaders, project partners, and community members gathered to celebrate the milestone.
CPV Basin Ranch and Texas Energy Fund Ink Deal for 1,350 MW ERCOT Project
Competitive Power Ventures (CPV) and the Public Utility Commission of Texas (PUCT) have executed a $1.1 billion low-interest Texas Energy Fund (TxEF) loan to build a 1,350-megawatt combined-cycle natural gas power plant in the Permian Basin. The project will immediately transition to construction with operations expected to start in 2029.
Multi-Billion Dollar Combined Cycle Natural Gas Power Station with Carbon Capture Announced in West Virginia by Competitive Power Ventures
Competitive Power Ventures (CPV) today announced that it has selected West Virginia for a ~1,800 MW combined-cycle natural gas power station utilizing carbon capture and storage. Following permitting and construction, the project will go into operation later this decade. The project was made possible by the advancement of the recently passed federal legislation, known as the Inflation Reduction Act, that expanded the 45Q federal tax credit for carbon capture.
