Green Globe Solutions will be back in the CNMI next week with a new investment partner for its planned $200 million, 40- to 60-megawatt wind farm and solar energy project on Tinian and Saipan. This comes five months after Green Globe cut ties with Allegiance Capital and Kenneth Mahmood, among other entities involved in a botched $190.8-million sole-source power purchase agreement.
Agility, a leading global logistics provider, has partnered with Green Globe Solutions to provide renewable energy to the CNMI.
More information about Agility is available at www.agilitylogistics.com.
“Agility is a $6 billion company based on information available to us. These companies—Green Globe and Agility—have asked the Legislature for an opportunity to present themselves, who they are, what they do, their successful projects,” House Public Utilities, Transportation and Communications Committee chair Lorenzo I. Deleon Guerrero (Ind-Saipan) told Saipan Tribune yesterday.
Deleon Guerrero and Senate PUTC Committee chair Pete Reyes (Ind-Saipan) have set a joint meeting with Green Globe and Agility officials at 9:30am on Monday in the House chamber on Capital Hill.
“I ask lawmakers, not only the members of the PUTC Committees, to be there, to ask questions and learn about the project these companies are proposing,” Deleon Guerrero said in an interview.
Chris Thunken, Green Globe Solutions Guam Inc. managing partner and founder, along with Agility program manager John M. Dennett, will be meeting with the Legislature, Deleon Guerrero said.
He said that based on preliminary information, Green Globe and Agility will be developing some $200 million worth of wind farm and solar energy project on Tinian and Saipan.
“What we’re told is that it would be 40 megawatts and up to 60 megawatts that will be produced on Tinian and then brought to Saipan and preliminary information is that it’s going to be a $200 million or so investment,” Deleon Guerrero said.
In May, Green Globe Solutions severed ties with Allegiance Capital Corp., which previously agreed to finance their wind farm and solar energy project in the CNMI.
The proposed project involved a 30-megawatt wind farm on Tinian and a 10MW solar project on Saipan back in May.
At the time, Thunken said this will help them gain credibility in the CNMI, which is still wary of Allegiance Capital’s involvement in any power project, especially if it’s still tied to a shipyard in Lower Base.
Allegiance Capital and Keystone Shipping formed Saipan Development LLC, which earlier signed a $190.8 million diesel power purchase agreement with former governor Benigno R. Fitial.
That agreement was one of the bases of two House impeachment resolutions against Fitial, who resigned days before the start of his impeachment trial at the Senate.
Green Globe Solutions is just one of the companies that have expressed interest in developing renewable energy in the CNMI.
However, the CNMI has yet to complete a renewable energy integration study that will determine how much renewable energy can be accommodated by the current power grid.