ReNew has signed a share purchase agreement to sell a 300 MW solar project, ReNew Solar Urja, in Rajasthan for $199 million to India Grid Trust. The transaction is expected to close in accordance with PPA conditions, says the company. Approximately $8 million is set to also be received as an earn-out on account of […]
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FirstEnergy subsidiary Mon Power has completed its solar site at Fort Martin Power Station in Maidsville, W. Va., the first of five projects Mon Power and its sister company Potomac Edison have planned. Nearly 50,000 panels generate up to 18.9 MW per hour on the approximately 80-acre site, says the company. Ultimately, the five sites […]
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CL Energy Storage Corporation (CLOU) has signed a purchase order with Stella Energy Solutions to deliver approximately 480 MWh of containerized battery energy storage systems and 200 MW of PCS Skid to support Stella’s clean energy projects. Based in Texas, Stella develops and constructs energy storage and solar infrastructure projects. It has built and operated […]
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Madison Gas and Electric (MGE) and We Energies have completed construction on Badger Hollow Solar Farm with the site’s final panels in service, making the Wisconsin project fully operational. The project, a 300 MW facility located near the communities of Montfort and Cobb in Iowa County, Wis., came online in two 150 MW phases. The […]
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SolarKal has steered 13 commercial solar projects through to acceptance in the New Jersey Community Solar program, adding 12 MW of renewable energy to benefit state residents who cannot otherwise access solar savings. Community solar subscribers will be guaranteed a minimum discount on their utility bill of no less than 15%, applied for the duration […]
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Ormat Technologies has closed the previously announced acquisition of a portfolio of geothermal and solar assets from Enel Green Power North America (EGPNA), a subsidiary of Enel SpA. Under the agreement, Ormat paid $271 million for 100% of the equity interest in the portfolio assets that include two contracted operating geothermal power plants and one […]
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Borrego Energy has rebranded its O&M business as Cleanleaf Energy, with a focus on providing operations and maintenance services to domestic utility and commercial PV and BESS projects. “We were one of the early O&M providers in the country, establishing best practices and a reputation for excellence, while growing the business over those crucial early […]
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Advanced Power has purchased renewable energy investment tax credits, made available through the development of rooftop solar facilities offered for sale by a third party. The Inflation Reduction Act made the purchase possible, says the company, through Section 6418 of the Internal Revenue Code, which allows for transfer of certain energy tax credits from renewable […]
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HASI has invested in a portfolio of energy assets developed, owned and operated by AES, consisting of more than 200 operational renewable projects. Per the agreement, which reached financial close in December, HASI will make a structured equity investment in the approximately 605 MW portfolio of solar and solar-plus-storage assets spanning seven power markets and […]
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CIP’s Energy Transition Fund I has obtained full ownership of Soltec’s Danish early-stage PV portfolio, with the intention of developing these assets to provide electricity for ETF I’s Danish Power-to-X projects. The portfolio consists of development projects scattered across Denmark with a combined potential installed capacity of approximately 850 MW. “The Soltec portfolio represents an […]
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Altus Power has closed on a secured credit facility with a principal loan amount of $100 million by an affiliate of Goldman Sachs Asset Management and CPPIB Credit Investments III, a subsidiary of Canada Pension Plan Investment Board. The company plans to use facility proceeds to support its ongoing expansion. The facility carries an 8.5% […]
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SinglePoint subsidiary Boston Solar has partnered with Energizer Solar to launch the collaboration’s home battery solution in the North American market. Previously introduced to the Australia, Germany and U.K. markets, the collaboration provides multiple solar products and will enable Boston Solar to provide energy storage systems to their new and existing customer base. “This new […]
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