First Solar has entered into two separate tax credit transfer agreements to sell $500M and up to $200M of 2023 Inflation Reduction Act Advanced Manufacturing Production tax credits to Fiserv, subject to satisfaction of certain conditions. Under the terms of the agreements, Fiserv will pay $0.96 per $1 of tax credits to First Solar during […]
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MPC Caribbean Clean Energy Fund has financially closed Phase II of Monte Plata solar park in the Dominican Republic. The Phase II attracted a project finance loan from Dutch development finance institution FMO, Panamanian financial institution and asset manager CIFI and the CIFI Sustainable Infrastructure Debt Fund. MPC Caribbean Clean Energy Fund indirectly holds an […]
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The Michigan Public Service Commission (MPSC) has approved the plan by Indiana Michigan Power (I&M) to build its largest solar farm to date. I&M will own and operate the Lake Trout solar plant near Montpelier, Ind., which will be connected to the power grid serving both Michigan and Indiana. The company says it expects the […]
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Yingli Solar has penned an agreement to supply 1.25 GW of their Panda N-type TOPCon PV modules for the Saad 2 PV project being developed by ACWA Power in Saudi Arabia. The partnership marks another milestone for Yingli Solar, ACWA Power and PowerChina following their involvement in the 575 MW Ibri 2 project in Oman. […]
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American Electric Power (AEP) has agreed to sell its 50% interest in New Mexico Renewable Development (NMRD) to Exus North America. AEP and PNM Resources, which also owns 50% of NMRD, plan to sell the portfolio of 15 solar projects totaling 625 MW to Exus for approximately $230 million, subject to true-up adjustments at close. […]
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The Michigan Public Service Commission (MPSC) has approved the plan by Indiana Michigan Power (I&M) to build its largest solar farm to date. I&M will own and operate the Lake Trout solar plant near Montpelier, Ind., which will be connected to the power grid serving both Michigan and Indiana. The company says it expects the […]
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Altus Power has closed on its acquisition of Project Hyperion, primarily located in the Carolinas and comprised of 121 MW in solar assets. Hyperion was acquired from funds advised by Basalt Infrastructure Partners and Soltage. The transaction expands Altus’ Southeast presence and introduces new government and municipal entities into the Altus portfolio. “We are pleased […]
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Radial Power has closed on $80 million in tax equity financing from Bank of America to support the company’s pipeline of distributed generation projects through late next year, encompassing both asset and portfolio-level turnkey integrated projects. This tax equity capital raise, alongside back leverage, is planned to help fund the development and installation of an […]
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Secure Solar Futures has signed a 25-year solar PPA with the Tazewell Four Seasons YMCA in Virginia to develop a 483 kW power system, providing the facility with on-site solar at no upfront capital cost. “Going solar supports our mission,” said YMCA CEO Shawn Durham. “It will save us money that we can put back […]
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Comstock has secured sufficient supplier commitments to begin commissioning the company’s first PV recycling facility, in the U.S. Southwest, upon receipt of necessary permits. The company’s Comstock Metals division is currently deploying a demonstration commercializing technologies for crushing, conditioning, extracting and recycling metal and mineral concentrates from PV and other electronic devices. Comstock has received […]
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Deriva Energy has commenced commercial operation at Pike Solar in El Paso County, Colo., which is set to provide energy to Colorado Springs Utilities through a 17-year PPA. Pike Solar, located on 1,310 acres south of Colorado Springs, has a 175 MW capacity and is the first solar plant under commercial operation under the new […]
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Kraken, part of Octopus Energy Group, has acquired Sennen in an effort to increase the company’s contracted energy generation and storage assets. Tech platform Kraken integrates varied aspects of the energy system, from customer billing to device management and analytics. The Sennen software uses cloud technology to streamline oversight and daily operation of renewable projects. […]
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