Ørsted has commenced operations at its 488 MW Mockingbird Solar Center in Lamar County, Texas, the company’s largest solar project to date. The company has also completed a 953-acre land donation to The Nature Conservancy for conservation. This donation establishes the Smiley Meadow Preserve, a new protected area that conserves tallgrass prairie habitat. “We are […]
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The Securities and Exchange Commission (SEC) has charged Gautam Adani and Sagar Adani, executives of Adani Green Energy, as well as Cyril Cabanes, an executive of Azure Power Global, for conduct arising out of a bribery scheme. According to the SEC’s allegations, the scheme was orchestrated to enable the two renewable energy companies to capitalize […]
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Silfab Solar has closed on $100 million of new financing to scale its solar cell manufacturing plant in Fort Mills, S.C. The $50 million equity investment was led by funds advised by ARC Financial and includes investment from their existing co-investors. The company additionally raised a $50 million senior secured financing, led by Breakwall Capital, […]
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Altus Power has acquired a 3.4 MW Maryland solar project from Chaberton Energy, which Altus Power will complete development of and then construct. Upon completion, the power generated by the asset, owned and operated by Altus and located in East New Market, Md., will be delivered to the local community, through the state’s Community Solar […]
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Pivot Energy has secured a $450 million debt warehouse facility, led by First Citizens Bank, which includes new strategic partner ATLAS SP Partners, the warehouse finance and securitized products business majority owned by Apollo funds. Pivot also closed on a structured equity investment from HA Sustainable Infrastructure Capital (HASI) in a new project joint venture. […]
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RWE and Peabody are partnering on developing renewable energy projects by repurposing reclaimed land previously used for mining. RWE is acquiring a majority interest in the R3 Renewables ownership group alongside founding partner Peabody. R3, a joint venture launched by Peabody, Summit Partners Credit Advisors and Riverstone Credit Partners, repurposes land previously used for coal […]
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Arevon Energy has begun operations at its Vikings Solar+Storage Project in Imperial County, Calif., near Holtville. The $529 million project includes 157 MW of solar coupled with 150 MW of battery energy storage. “Vikings’ advanced design sets the standard for safe and reliable solar+storage configurations,” says Kevin Smith, CEO at Arevon “The project incorporates solar […]
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Southern Power is intending to expand its 29th solar project, the Millers Branch Solar Facility in Haskell County, Texas. The company says the Phase III expansion will account for an added 132 MW from the previous Phase I and Phase II expansion of 200 MW and 180 MW, respectively. “This expansion of the Millers Branch […]
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National Grid Renewables has executed a PPA with the Illinois Municipal Electric Agency (IMEA) for its Bee Hollow Solar Project, a 150 MW development located in St. Clair County, Ill. Anticipated to begin construction next year, Bee Hollow will join the previously announced Prairie Wolf Solar, located in nearby Coles County, Ill., and will expand […]
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National Renewable Solutions (NRS) has closed on $145 million in project financing for its Shallow Basket Project, a 140 MW solar and 50 MW storage project located in Rio Arriba County, N.M. The project is under construction and is expected to be operational next year. NRS developed the project and will continue to own and […]
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Castillo Engineering has been selected by Recon Corporation to provide design and engineering services on two new community solar projects in Illinois, totaling 15 MW. Part of the Illinois Shines or Adjustable Block Program, the two 7.5 MW projects are located in the cities of Pontiac and Odell and will use single axis trackers. The […]
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Arizona Public Service (APS) has signed agreements in what it calls the company’s largest-ever planned addition of new power sources. In all, APS will add 7,300 MW of renewable power, battery energy storage and natural gas to meet the state’s growing energy demand for energy. The deals were signed through the company’s 2023 All Source […]
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