BrightNight has received a $440 million strategic investment from the Infrastructure business at Goldman Sachs Alternatives. The investment, along with existing capital commitments, is expected to fund the company’s execution of its 31 GW renewables project portfolio. The transaction is expected to close in next month. “BrightNight was founded on a unique combination of strengths […]
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Iberdrola, ICO, Sabadell and HSBC have signed a syndicated green loan for €500 million, covered by Cesce through its Green Investment Policy on behalf of Spain. The loan, which has a 15-year maturity, is guaranteed by the Internationalization Risk Reserve Fund, attached to the Ministry of Economy, Trade and Enterprise. It is the first aimed […]
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Renewable America (RNA) has issued development updates on two of the company’s California solar sites: the 2.93 MW West Tambo Clean Power II site (WEST-II), located in Livingston, and the 4.29 Dos Palos Clean Power site (DOSP), in Dos Palos. Both projects are set to benefit low-income and disadvantaged communities. WEST-II is projected to achieve […]
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Sol Systems has selected three solar projects, Bunker, Blackberry and Cornwell, under the Illinois Power Agency (IPA)’s Indexed REC procurement process. These projects, totaling 123.4 MW, will deliver 240,000 Renewable Energy Certificates (RECs) annually to Ameren Illinois Company, Commonwealth Edison and another local utility. The IPA’s Indexed REC procurement program, stemming from the Illinois Climate […]
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The AES Corporation has introduced “Maximo,” an AI-powered robot meant to enhance solar installation speed, efficiency and safety. The company says Maximo works alongside construction teams by installing solar panels in half the time, adding that it has already installed 10 MW. “Maximo is the first proven solar installation robot on the market,” says Andrés […]
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KKR has acquired a majority equity interest in Avantus by investment funds and accounts managed by KKR. Coinciding with the close of the transaction, Avantus secured a $522 million development facility arranged by KKR Capital Markets and Sumitomo Mitsui Banking. The facility provides Avantus the financial backing to fuel the company’s energy storage development across […]
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Aspen Power has completed six solar projects totaling 25.5 MW in Pennsylvania. The projects represent the first half of a portfolio Aspen Power acquired from Sunrise Energy after the two companies collaborated on its development. The full portfolio of Pennsylvania projects total 145 MW, says the company. “We’re proud to advance decarbonization together with the […]
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The U.S. Department of Energy (DOE) is set to enter into realty negotiations with Hecate Energy for a solar project capable of delivering 1 GW of clean energy within an 8,000-acre area of DOE owned land at the Hanford Site as part of the Cleanup to Clean Energy initiative. The Cleanup to Clean Energy initiative […]
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Brookfield Renewable U.S. has filed a Notice of Intent (NOI) has been filed with the Oregon Department of Energy to develop the Speedway Solar and Battery Storage Project, located east of Grass Valley, Ore. Once completed, the facility is expected to generate 900 MW. The project is located next to an existing transmission line, which […]
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Enlight Renewable Energy has closed financing for the energy storage portion of its Atrisco Solar and Energy Storage project, located outside Albuquerque, N.M. Financing for the solar portion of the project closed last December. The project, spread across 1,700 acres, contains 364 MW of solar generation capacity and 1.2 GWh of battery storage. Costing $827 […]
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Magnachip Semiconductor Corporation has developed its 1200V 75A Insulated Gate Bipolar Transistor (IGBT) in a TO-247PLUS package, designed for solar inverters. Magnachip entered the solar inverter market in 2020 by introducing the 1200V 40A IGBT (MBQ40T120QFS) and then offering the 650V 75A IGBT (MBQ75T65PEH). The company says the latest product, packaged in a TO-247PLUS with […]
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EDP Renewables North America (EDPR NA), Salt River Project (SRP) and Meta have unveiled the 200 MW Brittlebush Solar Park, located near the town of Coolidge, Ariz. “Arizona’s forward-thinking policies and welcoming business environment for innovative technologies that prioritize sustainability make it a perfect location to generate solar,” says Sandhya Ganapathy, CEO of EDPR NA. […]
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