SUNYA SCOOP

Let's run it back

April 3, 2025

Double Eagle Energy and Tumbleweed Royalty Announce the Formations of Double Eagle Energy Holdings V & Tumbleweed Royalty V With $2.5 Billion of Equity Committed

  • Backed by EnCap Investments, Double Eagle V and Tumbleweed V will focus on upstream and royalty investments in the Permian Basin.

  • Led by co-CEOs John Sellers and Cody Campbell, the team aims to replicate prior success with enhanced scale and financial flexibility.

  • EnCap cited the team’s operational track record and basin knowledge as key drivers behind the $2.5B commitment.

NGP and Wing Resources Announce Formation of Wing Resources VIII, LLC with $100 Million in Equity Commitments

  • Wing Resources VIII, backed by NGP Royalty Partners III, will target mineral and royalty acquisitions in the Permian Basin.

  • The new platform builds on Wing's existing 3,000+ horizontal well portfolio across the Midland and Delaware Basins.

  • Founded in 2016, Wing Resources exclusively targets Permian assets, while NGP has deployed over $24B into energy and natural resources.

Dandelion Energy and Lennar Announce Residential Geothermal Deployment

  • Dandelion will install geothermal heat pumps in over 1,500 new Lennar homes in Colorado over the next two years.

  • Homeowners are projected to save $30M on energy costs over 20 years.

  • The systems will reduce emissions, increase resilience, and qualify for state incentives and utility programs.

  • The project supports Colorado’s Clean Heat Plan and net-zero goals by 2050.

  • Dandelion has installed thousands of systems since 2017; Lennar is one of the largest U.S. homebuilders.

Frontier and Hafslund Celsio Pave the Way for First Waste-to-Energy Carbon Removal Retrofit

  • Frontier buyers committed $31.6M to remove 100,000 tons of CO₂ between 2029–2030.

  • The retrofit of Oslo’s waste-to-energy plant will capture both fossil and biogenic CO₂.

  • The facility expects to capture 350,000 tons/year, storing CO₂ via Northern Lights.

  • Retrofitting existing infrastructure could unlock 400M tons/year of CO₂ removals in Europe by 2050.

Terradot Signs 12,000T CDR Deal with Microsoft to Advance Critical Scientific Foundations for Enhanced Rock Weathering

  • Microsoft will buy 12,000 tonnes of CO₂ removals from Terradot between 2026–2029.

  • The deal supports R&D at a commercial Enhanced Rock Weathering site in Brazil.

  • Terradot has spread 50,000+ tonnes of rock and plans to issue its first credits in 2025.

  • The partnership builds on Terradot’s $54M Series A and earlier deals with Google and Frontier.

ENEOS, A.P. Moller Holding and A.P. Moller – Maersk Agree to Invest $100 Million in C2X to Advance Green Methanol Portfolio

  • The $100M investment will support the Beaver Lake Renewable Energy project in Louisiana and C2X’s broader global portfolio.

  • The Louisiana plant will produce 500,000+ tonnes/year of green methanol and sequester 1M tonnes of CO₂.

  • C2X aims to begin construction in 2026, using SunGas technology and partnering with Maersk for offtake.

  • The funds will also support projects in Spain, Egypt, and other U.S. regions.

Dynamic Renewables, BC Organics, and National Organics Combine to Form Sagepoint Energy

  • Sagepoint Energy launched as a new waste-to-energy platform combining Dynamic Renewables, BC Organics, and National Organics.

  • Focus areas include RNG from dairy waste, organic waste transport, and clean water/dried fiber co-products.

  • Headquartered in Carmel, Indiana, and led by Aaron Johnson, former CEO of Kinetrex Energy.

  • Backed by Ares Management (majority) and NorthWestern Energy (minority), with over 70 employees nationwide.

  • Aims to build integrated waste management and renewable energy solutions across the U.S.

TotalEnergies Closes Three International Acquisitions of Renewable Portfolios

  • TotalEnergies finalized acquisitions in Germany (VSB Group), Uganda (SN Power), and Canada (solar/wind projects via RES).

  • The company now has 500 MW installed/under construction in Europe, 255 MW in Uganda, and 180 MW in Canada.

  • Uganda portfolio includes 560 MW of hydropower projects; Canada pipeline exceeds 600 MW.

  • These deals support TotalEnergies’ target of 35 GW gross renewable capacity by 2025 and over 100 TWh of net electricity production by 2030.

  • The acquisitions align renewables with TotalEnergies' broader net-zero strategy by 2050.

MUFG and Nomura Announce $388M Financing for Greenalia's Texas Solar Park

  • The $388M package will fund Greenalia’s first U.S. solar project: the 3,970-acre, 705 MW Misae II in Childress County, TX.

  • Includes $295M construction-to-term loan and $93M letter of credit facility.

  • Project to begin operations in Q3 2025, with 65% of output secured via PPAs.

  • MUFG and Nomura co-led the deal, calling it a key step for U.S. clean energy expansion.

  • Greenalia targets 1 GW operational by 2026.

Traverse Pipeline Reaches Final Investment Decision to Transport Natural Gas Between Agua Dulce and the Katy Area

  • WhiteWater, MPLX, Enbridge, and Targa Resources will build the 160-mile, 1.75 Bcf/d Traverse Pipeline.

  • The pipeline will move gas between Agua Dulce and the Katy area along the Gulf Coast.

  • Backed by firm contracts, the project is expected to enter service in 2027.

  • Blackcomb Pipeline JV owns the line: WPC 70%, Targa 17.5%, MPLX 12.5%; WhiteWater will operate.

  • The system connects with Whistler, Blackcomb, and Matterhorn Express pipelines to access premium markets.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.