In 2021, U.S. renewable energy production reached an all-time high. Tailor Made Solution With the recorded consumption data the installer can size a solar system for your. For more information, please visit www.scoutcleanenergy.com. Have a specific question? Building on 18 years of sustainable growth and in-house funding and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Fax: 214-292-9558 Scout is a portfolio company of Quinbrook Infrastructure Partners. The amount required by IRS to be reported on the 1099-Misc Form is the gross amount of your checks (before taxes or other deductions). With a strong outlook for the future, renewable energy production is expected to be one quarter or 25% of U.S. power generation by 2025. Both regions are located outside of what the company considers core operating areas, which include the Anadarko, Permian and Montney shale basins. Company Awards. They make their acquisitions off employees backs by cutting their pay. We believe now is the right time for Scout to move into our next phase of growth with a highly respected and experienced partner, like Brookfield.. Scout is a private energy producer focused on the acquisition and operation of upstream energy assets and associated midstream infrastructure. The recent sale of oil and gas infrastructure in Rio Blanco County represents the end of an era for Chevron and the beginning of a new one for Texas-based Scout Energy Partners. Fax: 214-292-9558 US renewable energy major Brookfield Renewable has agreed to spend up to US$2 billion in order to acquire both Scout Clean Energy (Scout) and Standard Solar, taking the company's total . Let us know if there is a change of address. Acquired by Brookfield Renewable Partners Colorado, Zacatecas, Mexico 51-100 Debt Financing Private www.scoutcleanenergy.com/ 15,274 Highlights Total Funding Amount $255M Contacts 55 Employee Profiles 5 Investors 2 When Backup Withholding or State Income Tax Withholding is made, the amount will be reported on the Form 1099 for the year and the payee may claim credit for it when the appropriate income tax return is filed. It is what is required to train, move, and sustain forces, weapons, and equipment for military operations. Our Operating Model Scout is not a traditional energy private equity model, where independent, branded, separately managed portfolio companies each employ a unique strategy. Scout II Scout II Copyright 2023 WTWH Media LLC. / / Lifetime output: 46398.6MWh Power 27,632T CO2 saved Scout Clean Energy General Information. 2023 Scout Energy Partners - A PRIVATE ENERGY PRODUCER. Prior period adjustments will cause the total amount of your check to change. Scout Clean Energy to be Acquired by Brookfield Renewables. Dallas, TX 75240, IRS regulations require payors to withhold 24 percent of the gross proceeds from any payee who has not provided a Social Security Number or Employer Identification Number. All states have laws that require the reporting of unclaimed funds belonging to owners who cannot be located. Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on renewables, storage and grid support infrastructure needed to drive the energy transition in the US, UK, and Australia. Completed and mailed to: The recorded copy provided must contain a legible registry number and/or book/volume and page. As an operator, Scout directly acquires, integrates, operates and improves assets throughout the life. Key Principal: JON PIOT See more contacts Industry: Oil field services, nec , Crude petroleum and natural gas production Printer Friendly View Address: 13800 Montfort Dr Ste 100 Dallas, TX, 75240-4344 United States See other locations Phone: ? The company has an estimated daily production of 0 BBLs oil and 0 MCF of gas, coming from 5,675 actively producing wells in the state. Mechanic in Masterson, TX. We fully expect Scout to feature prominently in the US renewables landscape in the coming years.. UPDATE 1-Chesapeake Energy to offload part of south Texas operations for $1.4 bln, CANADA FX DEBT-C$ posts biggest decline in one month as 'hard-landing' risk weighs, Marketmind: Finally, bad news is bad news, MORNING BID-Finally, bad news is bad news, Volkswagen supply chain problems expected to be minor issues in 2023: U.S. CEO. Recognized as an established financial partner with immediate, deep resources, the company owns approximately 500 MW of operating and under construction contracted assets across the United States. Scout is actively developing a portfolio of over 22,000 MW of onshore wind, solar PV, and battery storage projects across 24 US states. +1 (212) 446-1866 Attention: Owner Relations Company . The company will invest up to $2 billion in this acquisition October 03 Solar Brookfield Renewable, an owner, operator, and developer of renewable power, has agreed to acquire Scout Clean Energy, a renewable energy developer, for $1 billion with the potential to invest an additional $350 million to support the business development activities. Note: Supporting document(s) granting authority to an Agent or Attorney-In-Fact must also be provided. Since its establishment, Scout has completed over 50 acquisitions with over $2 billion in acquisition value. Hours: Monday Friday 8:00 am 5:00 pm Central Standard Time Ovintiv plans to update its 2022 production and total cost guidance to reflect the impact of the asset sales with its second quarter results. Brookfield Renewable has agreed to acquire Scout Clean Energy for $1 billion with the potential to invest an additional $350 million to support the business' development activities ($270 million in total net to BEP). Scout Clean Energy is a renewable energy company that operates and develops wind, solar, and renewable power projects. Fund V will employ a similar investment strategy to identify, underwrite, acquire, operate, evaluate, improve and exploit mature producing oil and gas properties that . Payment is made as soon as complete title information is received, but not later than the terms of the lease or state statutes allow. To this purpose Scout Energy brings complementary Green Energy Technologies together to provide energy solutions for the Residential, Commercial, Industrial, Institutional, Utility and Transportation sectors.. We strive to provide the most advanced and efficient Green Thermal Energy . High-quality jobs, payments and tax revenue, energy independence, local manufacturing not to mention a healthier planet. Brookfield Renewable has agreed to acquire Scout Clean Energy (Scout) for $1 billion with the potential to invest an additional $350 million to support the business development activities ($270 million in total net to BEP). We underwrote both transactions without the benefit of the Inflation Reduction Act so the additional incentives now available represent a significant boost to each business. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Quinbrook is currently developing and constructing some of the largest renewables and storage infrastructure projects ever undertaken in the US, UK and Australia. A family member could also have additional interests in other properties. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the US, UK, and Australia. Standard Solar has approximately 500 MW of operating and under construction contracted assets and a robust development pipeline of almost 2,000 MW and a strong team to execute on significant growth opportunities across several high value solar markets in the U.S., such as New York, Maryland, Minnesota and Maine. BOULDER, Colo., March 17, 2022 /PRNewswire/ -- Scout Clean Energy ("Scout"), a Colorado based renewable energy developer, owner, and operator, is pleased to announce the closing of a $250 million . Scout hosts a remarkable collective of professionals, and we are proud of all that we have accomplished together. Mail: Scout Energy Scout Clean Energy LLC Subscribe Now X We're hiring! Clip, share and download with the leading wind power engineering magazine today. For more information, please visit www.scoutcleanenergy.com. You will need to provide a copy of the applicable portion of the Trust document that identifies the successor Trustee, the duties and power of the Trustee, and the circumstances leading to the replacement of the Trustee. Forward-looking statements in this news release include statements regarding the parties future expectations, beliefs, plans, objectives, financial condition, assumptions or future events or performance, including with respect to the development of Scout Clean Energys or Standard Solars pipeline and the ability of the parties to optimize value of that pipeline. Standard Solar is powering the nations energy transformation channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Typical Scout assets are in well-established producing basins, characterized by diverse wellbores, shallow production curves and existing cash flow. Firstly, the acquisition includes development plans and a call for installation. Assets are owned and operated in-house through the firms extensive in-house technical, operating and financial staff. With the recent passage of the Inflation Reduction Act, we believe now is the right time for Scout to move into our next phase of expansion with a highly respected and experienced partner, like Brookfield Renewable.. Energy Transition Energy Transition in Motion (Week of Aug. 12, 2022): Advancing Projects, Investment Here's a look at some of this week's renewable energy news. 5775 Flatiron Parkway, Suite 120 Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c.USD 8.2 billion equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.USD 28.7 billion or 19.5 GW of power supply capacity. We have far exceeded our plans for investor value creation in sponsoring Scout from its infancy and now is the right time for us to hand the business on for its next growth chapter. We have exceeded our plans for investor value creation by sponsoring Scout from its infancy, and now is the right time for us to hand the business on for its next growth chapter. 13800 Montfort Drive, Suite 100, Dallas, TX(972) 277-1373 Website. jpflieger@sloanepr.com, Scout Media Contact: Boulder, CO 80301 Four other small, lesser-known firms, including Terra Energy Partners, Flywheel Energy, Blackbeard Operating, and Scout Energy, were also in the top 10 biggest methane polluters, sitting beside . We look for [wind projects] because in addition to creating more renewable energy and strengthening the local economy, they also make for smart investments. Overview. In certain states there is a tax allowance for wells that have a high cost for drilling and producing. Oil-and-gas company Parallel Energy LP filed for U.S. Chapter 11 Bankruptcy on Monday due to low oil prices and said it had agreed to sell its assets to Scout Energy Group II LP for $110 million, according to court documents. Email: ownerrelations@scoutep.com Need general information about working with Scout? Fees & Compensation. Hours: Monday Friday 8:00 am 5:00 pm Central Standard Time Email: ownerrelations@scoutep.com Scout was acquired by Quinbrook at the start-up stage in 2017 and has quickly established a reputation for expertise in taking utility-scale wind, solar and energy storage projects through the full development cycle, from greenfield through interconnection, permitting, commercialization, construction and operations. Scout Clean Energy, a Colorado-based renewable energy developer, owner, and operator of solar energy assets announced that it acquired the 369-megawatts Blue Sky Solar project in Grundy County, Illinois. (303) 284-7566. The effective date of both sales is April 1. Dallas, TX 75240. Its portfolio consists of hydroelectric, wind, solar and storage facilities inNorth America,South America,EuropeandAsia, and totals approximately 24,000 MW of installed capacity and an approximately 100,000 MW development pipeline. 75244 972-277-1397 Brookfield Renewable has agreed to acquire Scout Clean Energy ("Scout") for $1 billion with the potential to invest an additional $350 million to support the business' development activities. +1 (901) 331-0779 As properties age, there is a normal trend for production to decline. Scout is not a traditional energy private equity model, where independent, branded, separately managed portfolio companies each employ a unique strategy. You will need to contact the Owner Relations Department. See Advisors At This Firm. If you have not received your Form 1099 within two weeks after that date, you may contact Owner Relations to receive a duplicate. The fund may reinvest capital into development projects with high return hurdles and seeks to distribute remaining cash flows to investors. Mail: Scout Energy Read Brookfield boost its US wind portfolio with $1 billion Scout Clean Energy acquisition and other wind energy news & analysis on . Contacts Quinbrook Media Contact: Jennifer Pflieger +1 (212). Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on renewables, storage and grid support infrastructure needed to drive the energy transition in the US, UK and Australia. 2 min read. The accelerated expansion Scout has experienced is a direct result of Quinbrook Infrastructure Partners support and confidence in our business model. Reach out! We have endured and overcome many challenges together, which marks this venture a resounding success on many levels. System Installation If you are happy with your quote, book your installation with your installer. Chad Thompson conventional oil and gas properties for institutional investors. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media Privacy Policy | Advertising | About Us, Wind Spotlight: RAD Torque debuts its latest battery-powered torque wrench, DOI to update regulations and fast-track offshore wind development, Duke Energy puts 207-MW wind project in operation in Iowa, Basin Electric Power Cooperative signs PPA on 200-MW Engie wind project, DOE to award nearly $3 million to U.S. small-scale wind R&D. Michael Rucker, CEO and founder of Scout Clean Energy, said: Scout is pleased to be sponsored going forward by an industry-leading partner to help Scout continue to grow our rapidly expanding pipeline of wind, solar and battery storage projects across the United States. by editor December 30, 2021. Scout is excited to complete the PSA with Brookfield prior to the end of the year, said Michael Rucker, CEO and founder of Scout Clean Energy. If your name has changed, please provide us your change of name (from and to) with a copy of your marriage certificate, divorce decree (first page and signature pages), or any court document supporting the name change. As of April, the combined volumes from the assets being sold totaled approximately 5,000 boe/d, including 4,900 bbl/d of oil and condensate, according to the company release. Our two companies share a mutual passion for renewables and company cultures that recognize and amplify excellence and equity - we are the ideal match.. If the document is being acquired/transferred by Guardian of a minor child/person, provide a copy of the document appointing the Guardian along with the court order authorizing the sale of the property (certain restrictions apply to minors). The effective date must be listed if different from the document date; all dates must be legible. Brookfield owns and operates an almost 65,000 MW diversified portfolio of renewables in the U.S., One of the largest clean power businesses in the country. Michael Rucker, CEO and founder of Scout commented, When Quinbrook first decided to sponsor Scout as a portfolio company, we were a very small team with big dreams. Connor Teskey, CEO of Brookfield Renewable, said, at the signing of the PSA, We are thrilled to be putting more dollars to work in our U.S. renewables business. The current. Boulder, CO (September 29, 2022) -- Scout Clean Energy (Scout), a national utility-scale renewable energy developer-owner-operator and wholly owned portfolio company of Quinbrook Infrastructure Partners, announced today that Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners has executed a Purchase and Sale Agreement (PSA) with Quinbrook to acquire Scout and all its assets for $1 billion dollars with the potential to invest in the near term an additional $350 million to support the business development activities ($270 million in total net to BEP). . Description. Dallas, TX 75240. We fully expect to see Scout become a very prominent figure in the US renewables landscape in the coming years.. Our development pipeline in the United States is now close to 60,000 MW and is well diversified across wind, utility-scale solar, distributed generation and energy storage. 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