Luminia, formerly SD Renewables, has entered a joint development agreement with New Hampshire Solar Garden to secure funding for its pipeline of projects, including five community solar projects in Maine for a combined capacity of 15 MW. Through its financial offering and proprietary technology platform, Luminia provides New Hampshire Solar Garden with access to intermediate […]
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Funds managed by the Infrastructure and Power strategy of Ares Management Corp. are leading a strategic equity investment of up to $600 million, including capital from potential co-investors, in SB Energy Global LLC. The Ares-managed funds have committed the majority of the financing, with the balance expected to come from co-investors. “SoftBank launched SB Energy […]
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Power plant developers and operators expect to add 85 GW of new generating capacity to the U.S. power grid from 2022 to 2023, 60% (51 GW) of which will be made up of solar power and battery storage projects, according to data reported in U.S. Energy Information Administration’s (EIA) Preliminary Monthly Electric Generator Inventory. Battery […]
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The energy storage division of DEPCOM Power Inc., a subsidiary of Koch Engineered Solutions LLC, has expanded its portfolio to 650 MWh of projects in execution. “As a trusted one-source partner, we help asset owners drive down total cost of ownership and ensure the most competitive and bankable energy storage solutions,” says Johnnie Taul, CEO […]
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Impact Power Solutions (IPS Solar) has been acquired by New Energy Equity LLC; ALLETE Inc. is acquiring New Energy Equity – which includes IPS Solar – for $165.5 million. IPS Solar will retain its branding and corporate headquarters in Roseville, Minn. “The IPS team is excited to join New Energy Equity and the ALLETE family […]
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Mitrex, a Canadian solar technology manufacturer, is launching Solar Brick – a solar-integrated facade solution designed for use as brick wall cladding that transforms a building into a renewable power plant. Mitrex Solar Brick facades boast up to 330 W per panel while recreating a traditional masonry brick look. Mitrex specializes in building-integrated solar products […]
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The New Jersey Board of Public Utilities (NJBPU) reports that the state’s solar market surpassed 150,000 installed systems in 2021. Despite ongoing challenges from the COVID-19 pandemic, over 13,800 solar installations commenced commercial operations in New Jersey in 2021, totaling more than 305 MW DC and contributing to a statewide cumulative capacity exceeding 3.8 GW, […]
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Primergy Solar LLC, a developer, owner and operator of utility and distributed scale solar and storage, has selected major equipment suppliers and construction partners for the $1.2 billion Gemini Project located near Las Vegas. After a comprehensive and detailed procurement process, Primergy selected Kiewit Power Constructors Co. as Gemini’s engineering, procurement and construction (EPC) partner […]
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ALLETE Inc. is expanding its interests in the solar energy sector with the acquisition of 100% of the membership interests of distributed solar developer New Energy Equity LLC for approximately $165.5 million, subject to a working capital adjustment. New Energy Equity, with headquarters in Annapolis, Md., is a distributed solar development company that has successfully […]
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Retailer Meijer has signed a renewable energy power purchase agreement (VPPA) with developer Duke Energy Sustainable Solutions, which states Meijer will purchase a portion of the energy generated by the project for the first 15 years of operation. The project broke ground in Navarro County, Texas, on 1,800 acres of land and is expected to […]
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North Macedonia’s first large-scale photovoltaic (PV) plant is under construction and about to be completed. The Oslomej solar project, financed by the European Bank for Reconstruction and Development (EBRD), is being built alongside a coal-fired power plant located in Kichevo and is equipped with eight Ingeteam solar inverters of 1,400 kW each. This PV plant […]
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MMEX Resources Corp., a development-stage company focusing on planned hydrogen and ultra-clean-fuel projects with carbon capture, has completed additional site acquisitions of 632 acres for its West Texas projects, bringing its total land ownership to 1,082 acres. “We announced on February 22, 2022, that, along with Polaris Engineering, we had completed significant milestones on the […]
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