Altus Power has closed on a secured credit facility with a principal loan amount of $100 million by an affiliate of Goldman Sachs Asset Management and CPPIB Credit Investments III, a subsidiary of Canada Pension Plan Investment Board. The company plans to use facility proceeds to support its ongoing expansion. The facility carries an 8.5% […]
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SinglePoint subsidiary Boston Solar has partnered with Energizer Solar to launch the collaboration’s home battery solution in the North American market. Previously introduced to the Australia, Germany and U.K. markets, the collaboration provides multiple solar products and will enable Boston Solar to provide energy storage systems to their new and existing customer base. “This new […]
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Alliant Energy has completed six new solar projects in Wisconsin, adding 514 MW of energy to the company’s generation capacity. “Completing these projects is a huge milestone and a pivotal moment in our journey toward a brighter energy future,” says David de Leon, Alliant Energy’s Wisconsin president. “We’re proud to leverage new technology and locally […]
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Waaree Energies has announced plans to establish its first U.S. manufacturing facility, in the Houston area. Located in Brookshire, the facility will have an initial capacity of 3 GW of solar modules annually by the end of next year, says the company. Waaree plans to invest up to $B over the next four years to […]
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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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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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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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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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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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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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TotalEnergies has signed a second contract with LyondellBasell to supply a combined 358 MW of green electricity sourced from its utility-scale Cottonwood Bayou and Brazoria Solar farms in Texas. Through the newly signed 15-year corporate power purchase agreement (CPPA), LyondellBasell will offtake 163 MW from TotalEnergies’ Brazoria Solar farm, which has a capacity of 325 […]
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