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7 European Companies Looking to Go Big in American Clean Power in 2020

on December 18, 2019

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NuQuest Energy LLC

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ENERGY INDUSTRY EXECUTIVES TEAM UP ON NEW VENTURE, NUQUEST ENERGY

Energy Industry Executives Team up on New Venture, NuQuest Energy, to Develop Utility-Scale Renewable Energy Projects in the United States CLICK FOR PRESS RELEASE NEW ORLEANS--(BUSINESS WIRE)--Four leading energy business leaders and early-stage investors today announced the formation of NuQuest Energy LLC, a utility-scale renewable energy development company pursuing projects in the United States. The company intends to leverage its extensive experience in engineering, procurement, construction, finance, land leasing, regulatory, project management, and operations to become an industry-leading renewables development company. “Capitalizing on our previous successes, we’re confident that our combined capabilities will propel NuQuest Energy’s growth and drive positive commercial and sustainable environmental energy outcomes,” said Kirk Barrell, NuQuest Co-Founder. We look forward to building a large portfolio of renewable energy and storage projects that makes sense from an environmental...

STATE RIPE FOR SOLAR FARM PICKING

A new locally founded renewable resource company has its eye on bringing solar farms to the region. NuQuest Energy is reviewing 50 locations, some of which are in Tangipahoa Parish, said Kirk Barrell, co-founder for the company. With Louisiana lagging in this area compared to other states, he believes it is an excellent opportunity to assist the state in catching up in the renewables area. Working with Tangipahoa Parish is not new for him. He and the three other company founders were born and raised in New Orleans and have previously worked in the local oil and gas industry. “The key goal in the company initially is really focusing locally and working with the people we know and the people we’ve worked with historically in our past in the oil industry and current in the oil industry, and really help Lousiaina catch up in the renewable space,” he said. NuQuest plans to use a build-to-own model, instead of just flipping the land of signed leases for profit. “We’re actually taking le...

U.S. LAGGING FAR BEHIND EUROPE ON RENEWABLES NEW REPORT SAYS

"The United States has fumbled an opportunity to transition to more sustainable electricity generation by replacing coal fired generation with gas, while Europe is leading the charge away from coal towards green energy, a new report has found. In its Global Electricity Review, London-based think-tank Ember found that while U.S. coal-fired electricity generation has halved since 2007, 65% of that capacity has been replaced by natural gas, with only 35% being replaced by renewables such as wind and solar power. This resulted in a drop in greenhouse gas emissions of 19% when methane was factored in." CLICK FOR DETAILS

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