The U.S. Department of the Treasury and the IRS have released final rules for the Advanced Manufacturing Production Credit, also known as Section 45X of the Internal Revenue Code, to spur continued growth of U.S. clean energy manufacturing. The credit aims to help to level the playing field for U.S. companies to on-shore production of […]
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GoodLeap has entered into an equity partnership with Tactical Infrastructure Partners (TIP) to acquire $1.5 billion of residential solar and storage products. The transaction is supported by debt financing from ATLAS SP Partners, which GoodLeap hopes will bolster its residential solar and storage lease and power purchase program. GoodLeap launched its lease and power purchase […]
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Pine Gate Renewables has closed on a $288 million preferred equity investment with funds affiliated with Blackstone Credit & Insurance. The investment supports six solar projects across two states totaling 780 MW, backed by corporate offtake agreements. “Leading Pine Gate’s first preferred equity investment was a significant milestone for our team and the enterprise at […]
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Enfinity Global has closed a $97 million structured credit facility with Nomura for a 608 MW portfolio of solar assets currently in operation or under construction spanning the CAISO, WECC and SERC markets. The asset-based credit facility provides development and construction financing for Enfinity’s development and ready-to-build projects, along with strategic refinancing for its operational […]
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Recurrent Energy’s 134 MW Liberty Solar project, located near Houston, has reached commercial operation. Customers for the project include Autodesk, Biogen, EMD Electronics and Wayfair. Liberty Solar additionally expands energy capacity for the Midcontinent Independent System Operator (MISO) market. “Liberty Solar is a fantastic project that expands Recurrent Energy’s project ownership in MISO,” says Ismael […]
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FTC Solar has inked a deal to supply Sandhills Energy with 1P Pioneer trackers for 1 GW of projects over three sites. The projects include a 448 MW project in Burt County, Neb., a 320 MW project in Cass County, Neb., and a 225 MW project in Butler County, Neb. “We’re looking forward to supporting […]
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Sunrun and Orange and Rockland Utilities (O&R) have activated what the companies call New York’s largest residential power plant, using 300 solar + storage systems. The Sunrun-managed plant was initiated by O&R and approved as a demonstration project by the New York State Public Service Commission. During the year-round program, Sunrun synchronizes the discharging of […]
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The New Jersey Board of Public Utilities (NJBPU) has approved rules for and launched the Dual-Use Agrivoltaics Pilot Program, which is slated to incorporate solar panels on designated farmland. “The board’s action today marks a major milestone and further solidifies New Jersey as a national leader in solar development,” says Christine Guhl-Sadovy, NJBPU president. “Dual-use […]
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Texas-based solar panel installation company Southern Solar has sought a long-term funding partnership with Republic Business Credit. The terms of the $3 million factoring agreement are structured similarly to an asset-based loan, as the company is only being charged on their facility utilization, says Republic. The adjustment is expected to allow company executives to focus […]
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SB Energy Global’s Orion I, Orion II and Orion III solar projects (Orion Solar Belt), located in Milam County, Texas, have reached commercial operation. The projects total 875 MW and utilize 1.3 million modules, manufactured by First Solar at its Perrysburg, Ohio, facility. The 22,800 tons of structural steel for the project is sourced from […]
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Mon Power and Potomac Edison have completed their second utility-scale solar site in West Virginia, with 14,000 solar panels producing 5.5 MW at the Rivesville site in Marion County. The new solar facility is situated on 27 acres of company-owned property along Morgan Ridge Road. The site had gone unused since the Rivesville Power Station […]
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Canadian Solar has issued a comment concerning the ongoing Trina Solar patent infringement suit. In it, the company says that Trina Solar has filed a complaint for patent infringement in the U.S. District Court for the District of Delaware lawsuit against three of Canadian Solar’s U.S. subsidiaries. The suit alleges that the subsidiaries are directly […]
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