Solar developer Infiniti Energy has closed an $82.9 million structured finance facility with Fifth Third Bank, acting as administrative agent, to support a growing portfolio of commercial solar projects slated for construction this year. The construction facility is being financed through Fiera Private Debt, and Flagstar Bank is providing the tax equity. The financing will […]
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Aspen Power has completed three financings totaling $241 million with J.P. Morgan, Lombard Odier and Mitsubishi UFJ Financial Group Inc. (MUFG). The expanded credit facilities with J.P. Morgan and Lombard Odier, as well as a new construction-to-term facility with MUFG, are expected to promote Aspen Power’s continued strategic growth and support the timely and efficient […]
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Syncarpha Capital has received permission to operate its 6.4 MW community solar array located in Wiscasset, Maine, offering subscribers a discount on energy credits generated by the array. The project marks the company’s fifth community solar garden in Maine to receive permission to operate. To date, it has contributed a total of 30.8 MW to […]
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Duke Energy‘s first floating solar project in Florida, a nearly 1 MW array made up of more than 1,800 panels, is now operational. The pilot is part of the company’s Vision Florida program and sits on top of two acres of water surface on an existing cooling pond at the Duke Energy Hines Energy Complex […]
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Bitech Technologies has signed a binding Letter of Agreement with Bridgelink Development toward a 5.8 GW pipeline of utility power, procurement of key resources and establishment of a joint venture with an undisclosed larger infrastructure group. The initiatives between the companies are behind the advancing of BLD’s 3.8 GW of solar projects and 1.9 GW […]
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First Solar has opened a new vertically integrated solar manufacturing plant in Tamil Nadu, India. The facility has an expected annual capacity of 3.3 GW and will produce the company’s Series 7 PV modules, developed at the company’s U.S. research and development centers. Representing an investment of approximately $700 million, which includes $500 million in […]
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Intersect Power has announced commercial operation of its Lumina Solar project, located in Scurry County, Texas. The project generates 828 MW, enough to power more than 243,000 homes for one year, says the company. Built with First Solar panels, the project created more than 900 jobs at peak construction. “Renewable energy is a critical piece […]
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Sterling Power Opportunities, a subsidiary of Galway Sustainable Capital, has acquired a majority interest in Charlotte, N.C.-based Forsite Renewables. The transaction will fund Forsite’s expected expansion and marks the 34th strategic acquisition for Galway. Galway will retain the existing management team to lead ongoing development and company operations. “This is a transformative transaction and incredible […]
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EDF Renewables North America and Enbridge have announced that Phase 1 of Fox Squirrel Solar in Ohio is operational and delivering electricity to the PJM grid. Fox Squirrel Solar, a ground-mounted solar facility with total capacity of 749 MW, is being constructed in three phases in Madison County, Ohio. The initial phase generates 150 MW, […]
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Plenitude has signed an agreement with EDP Renováveis to purchase an 80% equity stake in a portfolio of operational PV plants located in the U.S. The Cattlemen in Texas, Timber Road in Ohio and Blue Harvest in Ohio have a total installed capacity of 340 MW AC. The company’s share covers an area of more […]
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Apex Clean Energy has contracted its 125 MW Wheatsborough Solar project in Ohio under the Microsoft–Volt Energy Utility Environmental Justice Framework as a minority-owned solar energy development firm. Developed under the framework of leveraging corporate emissions goals to support environmental justice, community and diversity initiatives, the contracted PPA is meant to prioritize more equitable distribution […]
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KORE Power has launched two all-in-one DC block products for energy storage, offering a 750 kWh LFP DC Block and a 1.3 MWh NMC DC Block. “KORE Power’s DC Blocks will help our customers get projects grid-connected, on-time and on-budget, ensuring that safe, clean reliable power is there when it’s needed,” says Lindsay Gorrill, KORE […]
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