Priority Power has officially opened Beloit Solar Farm (BSF), a 2 MW solar farm that will provide clean, renewable, reliable electric power to Beloit in Kansas. The Beloit Solar Farm was developed and built by, and will be operated and maintained by, Priority Power. The farm will provide enhanced reliability to the city’s power portfolio. […]
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Holu Hou Energy LLC (HHE), Borqs Technologies Inc.’s majority-owned solar energy storage systems subsidiary, has signed with developers and property owners for nine solar plus energy storage projects in Hawaii totaling $49.8 million. Eight of the nine projects are on the island of Oahu, and one on Hawaii island. Implementation of these projects will start […]
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Elemental Energy has chosen Renewables Consulting Group (RCG), an ERM Group company, as the lender’s independent engineer for the 20 MW East Strathmore Solar Project, located in Alberta, Canada. The firm is currently providing technical due diligence services and is set to continue to act as lender’s IE to support the financing process through construction […]
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Gov. Dan McKee has signed historic legislation into law to substantially increase renewable energy production and supply by requiring that 100% of Rhode Island’s electricity be offset by renewable production by 2033. Rhode Island is the first state in the country to commit to 100% renewable energy by 2033. “Last year, I signed the Act […]
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The latest BloombergNEF (BNEF) analysis shows the cost of new-build onshore wind has risen 7% year over year, and fixed-axis solar has jumped 14%. The global benchmark levelized cost of electricity (LCOE) has temporarily retreated to where it was in 2019. Cost rises are linked to increases in the cost of materials, freight, fuel and […]
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Leeward Renewable Energy (LRE) has closed $58.5 million in construction financing and secured tax equity commitments for its Rabbitbrush Solar Facility, located in Kern County, Calif. Wells Fargo served as the administrative agent on the construction financing, and Silicon Valley Bank and MUFG served as joint lead arrangers. Wells Fargo served as green structuring agent, […]
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DSD Renewables has acquired a seven-project, 11.3 MW community solar portfolio spanning six cities in Minnesota. The acquisition marks DSD’s first venture in Minnesota, expanding its footprint of assets to 22 states across the nation. Six of the sites will have 100% residential offtake and are expected to serve more than 600 residents, while the […]
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The latest BloombergNEF (BNEF) analysis shows the cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%. The global benchmark levelized cost of electricity (LCOE) has temporarily retreated to where it was in 2019. Cost rises are linked to increases in the cost of materials, freight, fuel and […]
The post Supply Chain Issues Cause New-Build Solar Costs to Jump 14 Percent Since 2021 appeared first on Solar Industry.
Leeward Renewable Energy (LRE) has closed $58.5 million in construction financing and secured tax equity commitments for its Rabbitbrush Solar Facility located in Kern County, Calif. Wells Fargo served as the administrative agent on the construction financing, and Silicon Valley Bank and MUFG served as joint lead arrangers. Wells Fargo served as green structuring agent, […]
The post Financing Closes on Leeward’s 100 MW Rabbitbrush Solar Project in California appeared first on Solar Industry.
Ingeteam has started manufacturing its new INGECON SUN FSK power stations for photovoltaic plants and storage systems. It is a solution for large-scale projects due to its high power rating, which can reach up to 7.65 MW output power at medium voltage. This new design was produced to make installation and connection work in the […]
The post Ingeteam Begins Production of Power Stations for PV Plants, Energy Storage Systems appeared first on Solar Industry.
LyondellBasell has signed its first two U.S. power purchase agreements (PPA) supporting the company’s climate goal to procure a minimum of 50% of electricity from renewable sources by 2030. The combined agreements represent 216 MW of renewable energy, which is estimated to generate approximately 628,000 MWh of clean power annually. Approximately 15% of LyondellBasell’s total […]
The post LyondellBasell Signs 116 MW Solar PPA with Buckeye Partners appeared first on Solar Industry.
D. E. Shaw Renewable Investments (DESRI) has entered into a strategic financing relationship with Harbert Infrastructure managed funds, including Gulf Pacific Power LLC (GPP) and Harbert Infrastructure Fund VI (HIF VI). Under the arrangement, Harbert will provide DESRI with up to $400 million of capital to use at DESRI’s discretion. This relationship will support DESRI’s […]
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