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 the Gemini […]
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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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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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FREYR Battery has entered into an agreement to acquire the U.S. solar manufacturing assets of Trina Solar. The transaction is subject to certain customary conditions precedent, including receipt of certain third-party consents, completion of the preferred stock issuance to Encompass Capital Advisors and internal reorganization to be completed by Trina Solar. It is expected to […]
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Solesca has joined the Energy Toolbase ETB Developer platform for solar design services, offering design solutions for C&I and community-scale solar projects. ETB Developer, which analyzes solar and storage projects, aims to present the economics of these projects, particularly in the C&I sector. Solesca is a design experience using energy simulations, powered by NREL’s SAM […]
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The Canada Infrastructure Bank (CIB), Nlaka’pamux Nation Tribal Council (NNTC) and BluEarth Renewables have achieved financial close on a $35 million loan towards quA-ymn Solar. The project will be located on reclaimed land in the Highland Valley Copper Mine, southwest of Kamloops, British Columbia. It is a partnership between the member communities of the NNTC […]
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Polar Racking has contracted to supply the 21 MW quA-ymn Solar Project with its CORE Utility-Scale Ground Mount, a fixed-tilt solar PV mounting system coupled to single/double helical piles. The project is owned by the Nlaka’pamux Nation Tribal Council and BluEarth Renewables. Located near Kamloops, British Columbia, the project is being installed on reclaimed land […]
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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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