Zeo Energy has completed the acquisition of what the company says is substantially all of the assets of Lumio Holdings, another residential solar company. In September, Lumio filed a voluntary petition under Chapter 11 in the United States Bankruptcy Court for the District of Delaware. The sale transaction was approved by the court earlier this […]
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Sungage Financial has entered into a partnership with BayWa r.e. Solar Systems, with the aim of helping to streamline the residential solar financing and equipment procurement process for shared installers. The company says the partnership will enable installer partners to order equipment from BayWa r.e. with no cash up front and allot Sungage-specific funds to […]
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SolarEdge Technologies has closed its first transaction for the sale of Section 45X Advanced Manufacturing Production Tax Credits for approximately $40 million, net of discounts and fees. The credits were generated by sales of eligible, domestic-manufactured inverters in the first half of this year. “The Inflation Reduction Act and new §45X of the U.S. Internal […]
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Westbridge Renewable Energy has closed the sale of its 75% owned, Special Area 2, 332 MW Alberta solar power plant project to a subsidiary of METLEN Energy & Metals for CA$41 million. The transaction was completed by way of the sale of all the issued and outstanding shares of Sunnynook Solar Energy. Westbridge satisfied the […]
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SolarBank Corp. is planning to develop a 3.1 MW ground-mount solar power project, known as the West Petpeswick project, on a site located in Nova Scotia. The proposed project is being developed under the Nova Scotia Community Solar Program, which aims to add 100 MW to the grid. With a secured site lease in place, […]
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Canadian Premium Sand (CPS) has provided an operational update for both its pattern solar glass manufacturing facility in Selkirk, Manitoba, as well as its plans for a pattern solar glass manufacturing facility in the United States. To advance the previously announced $272 million in support for the Selkirk project, the company has submitted the application […]
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The latest white paper on solar development in Pennsylvania, released by LandGate, reveals that potential developments are poised to increase the state’s solar power capacity by 11 GW. Currently, Pennsylvania is home to 46 active utility-scale solar farms, delivering a combined capacity of 562 MW. However, the white paper details the state’s potential for growth, […]
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Primergy Solar has closed on $225 million in project financing for its Valley of Fire (VoF) portfolio. The financing includes a $125 million tax credit sale for the Gemini Solar + Storage project and a $100 million revolving credit facility from Rabobank for the continued development of the other VoF projects. The VoF portfolio includes […]
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Broad Street Realty has inaugurated a 2.4 MW rooftop solar project at its Cromwell Shopping Center in Glen Burnie, Md. The 233,000 square foot shopping center is hosting the solar project, which the company says produces enough electricity to power 1,000 homes in the BG&E service territory. The ballasted racking system is covered by 4,380 […]
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H&M Group has signed a VPPA with Lightsource bp for its 125 MW Second Division solar project, currently under construction in Brazoria County, Texas. “Considering fashion’s environmental impact, we see great value in moving away from just using certificates to contributing to more clean energy,” says Ulrika Leverenz, head of green investment, H&M Group. “By […]
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Recurrent Energy’s Liberty Solar, a 134 MW solar project in Liberty County, Texas, has reached commercial operation. Customers for the project include Autodesk; Biogen; EMD Electronics, the U.S. and Canada electronics business of Merck and Wayfair. Recurrent Energy plans to remain the long-term owner and operator of the project. “Liberty Solar is a fantastic project […]
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Birch Creek Energy has closed on a $150 million credit facility within KKR’s High-Grade Asset-Based Finance strategy via insurance accounts managed by KKR. The financing extends and upsizes Birch Creek’s previous $100 million facility, and it will be used to finance development expenses and equipment for solar farms in the company’s development portfolio. The company […]
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