Origis Energy has secured $317 million in project tax equity funding from J.P. Morgan for two utility-scale solar and solar-plus-storage projects, located in New Mexico and Mississippi, respectively. Escalante Solar is a 200 MW plant under construction in New Mexico for Tri-State Generation and Transmission Association and its member electric cooperatives. It has more than […]
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SolaREIT has launched a suite of capital solutions for BESS developers, offering land and lease purchases, along with battery storage land loans. “The capital solutions we’ve pioneered for the solar industry are a perfect fit for the storage sector at this critical time,” says Laura Pagliarulo, SolaREIT president. “Battery energy storage developers face challenges raising […]
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38 Degrees North has closed on a growth equity investment from S2G Ventures (S2G), and also entered into an agreement to acquire community solar assets from Community Power Group in New York. Founded in 2015, the company has aggregated, financed, constructed and managed more than 400 MW across over 100 projects through institutional investor partnerships. “S2G […]
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Enel North America and Bayer have announced the completion of a 2.7 MW solar and 1 MW energy storage system at Bayer’s vegetable research and development site in Woodland, Calif. The solar system is expected to generate approximately 5,100 MWh of renewable energy each year, enough to cover approximately 70% of the Woodland site’s energy […]
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Terra-Gen and Mortenson have announced completion of Edwards & Sanborn Solar+Energy Storage, in which Mortenson was the full EPC contractor on both the solar and energy storage scopes for the project. The project includes more than 1.9 million First Solar modules, generates 875 MW of solar energy and has 3,287 MWh of energy storage with […]
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Origis Energy has secured $317 million in project tax equity funding from J.P. Morgan for two utility-scale solar and solar-plus-storage projects, located in New Mexico and Mississippi, respectively. Escalante Solar is a 200 MW plant under construction in New Mexico for Tri-State Generation and Transmission Association and its member electric cooperatives. It has more than […]
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Canadian Solar subsidiary Recurrent Energy has secured a $500 million preferred equity investment commitment, convertible into common equity, from BlackRock through a fund managed by its Climate Infrastructure business. The investment will represent 20% of the outstanding fully diluted shares of Recurrent Energy on an as-converted basis. Canadian Solar will continue to own the remaining […]
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El Paso Electric (EPE) has started construction on a 10 MW facility as part of the company’s second Texas Community Solar program expansion. Along with a reduced monthly charge for current subscribers, the expanded program will provide a discount to income-qualified state residential customers, says the company, adding that the new facility is expected to […]
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GameChange Solar (GCS) has announced the opening of a new factory, training, service and support center for its Genius Tracker solar products in Feira de Santana, Bahia, Brazil. The factory has the capacity to produce 2.5 GW of trackers, with the ability for future expansion. “Opening our new factory in Brazil demonstrates GameChange Solar’s commitment […]
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Deriva Energy has acquired Spanish Peaks Solar, a 140 MW solar project in Las Animas County, Colo., from power developer JUWI. With the addition of the site, Deriva Energy will own and operate 388 MW in Colorado and is set to provide energy to Tri-State Generation and Transmission Association through a 19-year PPA. “We are […]
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Nexamp has announced that its Chicago office will serve as the company’s second national headquarters, planning to add an additional 50 team members there by 2026. The expansion is part of more than $2 billion in planned Illinois investments through the company’s existing and in-development projects. “We began our work in Illinois in 2018 in […]
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SolarEdge has announced a company restructuring plan that includes an approximate 16% workforce reduction, or around 900 employees. Designed to align its cost structure to current market dynamics, other cost reduction efforts include discontinuing manufacturing in Mexico, manufacturing reductions in China and termination of the company’s light commercial vehicle e-mobility activity. “We have made a […]
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