In the first six months of 2022, 24% of U.S. utility-scale electricity generation came from renewable sources, based on data from U.S. Energy Information Administration’s (EIA) Electric Power Monthly. Renewables’ share increased from 21% for the same time period last year. Renewables are the fastest-growing electricity generation source in the United States, accoring to the […]
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Spearmint Energy has begun construction on Revolution, its 150 MW, two-hour battery energy storage project in West Texas, in partnership with Mortenson, a power engineering, procurement and construction (EPC) contractor with experience in wind, solar, transmission and distribution, repowering, and battery energy storage. Mortenson will design and build the project, constructing the battery storage facility, […]
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The U.S. grid-scale energy storage market segment installed a record 4,733 MWh in the third quarter of 2022, surpassing the previous quarterly high of 4,598 MWh in Q1 of 2021, according to the American Clean Power Association‘s (ACP) and Wood Mackenzie’s latest U.S. Energy Storage Monitor report. Grid-scale storage deployments relied heavily on California and […]
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First Solar Inc. has entered into an agreement to supply 1.6 GW DC of its Series 7 thin-film solar modules to National Grid Renewables. The modules are scheduled to be delivered in 2026 and 2027. This latest order expands First Solar’s relationship with National Grid Renewables to over 4 GW DC, with an earlier agreement […]
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Meta Platforms Inc. has announced seven new solar projects in Georgia and Tennessee totaling 720 MW AC to support its regional operations with 100% renewable energy. Silicon Ranch is partnering with Walton Electric Membership Corp. (EMC) and the Tennessee Valley Authority (TVA) to supply the renewable power to serve Meta’s data centers in Georgia and […]
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DSD Renewables has raised $155 million in debt financing for the first commercial and industrial (C&I) solar asset-backed securitization (ABS) with a significant concentration of community solar assets. The transaction, which is DSD’s first issuance of asset-backed securities, was structured and underwritten by Credit Suisse Securities (USA) LLC. DSD’s ABS portfolio consists of about 56% […]
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Tigo Energy Inc., a provider of intelligent solar and energy storage solutions, has finalized its acquisition of FSIGHT, an energy data analytics software company based in Hod HaSharon, Israel. With FSIGHT, Tigo expands its ability to leverage energy consumption and production data for solar energy producers, adding a prediction platform that provides rich and actionable […]
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SunVest Solar LLC, an independent, vertically integrated solar business, has closed a $113 million debt facility led by Silicon Valley Bank and $41 million of tax equity from Rockwood Group, through its partnership with Guardian Life Insurance Company of America. The facility will support the construction and operation of a 56 MW portfolio of solar […]
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The new solar field at Valent BioSciences’ manufacturing facility in Osage, Iowa, is now fully operational. Testing over the past several weeks confirmed that the solar field is functioning as it was intended, which will enable it to produce about 3.4 million kWh of solar-generated electricity annually. Work on the 1.5 MW AC solar field […]
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Nexamp is developing seven new shared solar projects in Hawaii – three on Hawaii Island, three on Maui and one on Oahu. These projects are part of Hawaiian Electric’s community-based renewable energy (CBRE) program that helps lower electricity costs for low- and moderate-income (LMI) subscribers who are unable to install rooftop solar. Hawaiian Electric conducted […]
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Enhanced Capital and Crossroads Impact Corp. have funded a development capital investment in Solar Landscape, which has completed over 100 solar projects in New Jersey totaling over 115 MW. Funding provided by Enhanced Capital is supporting a 50.5 MW DC community solar portfolio that will produce over 50 million kWh annually. Through its climate finance […]
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Independent solar power producer CVE North America has completed the acquisition of a portfolio of solar PV projects in upstate New York from Saturn Power Corp. The portfolio consists of seven community solar projects located throughout National Grid utility territory, totaling 41 MW. Saturn Power developed the projects to notice to proceed status, and CVE […]
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