Independent renewable energy provider Terra-Gen LLC has completed financing on the second phase of its Edwards Sanborn Solar Storage facility in Kern County, Calif. This phase of the Edwards Sanborn Solar Storage facility is composed of 410 MW AC of nameplate solar capacity (358 MW AC at the point of interconnection) and 1,786 MWh of […]
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Greenbacker Renewable Energy Co. LLC (GREC), a green energy investment company and independent power producer, has entered into a senior credit agreement of $186.2 million with KeyBank N.A. and Fifth Third Bank. KeyBank served as administrative agent for the lenders, and KeyBanc Capital Markets and Fifth Third Bank served as joint lead arrangers. The transaction […]
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Clēnera, an Enlight company, has closed on construction and tax equity financing for the 105 MW DC Apex Solar project located in Beaverhead County, Mont. Bank of America and NORD/LB, a German bank active in renewable energy financing in Europe and the U.S., will fund the project through a construction loan. Huntington National Bank will […]
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Goldman Sachs Asset Management’s Sustainable Investing business and Cleanhill Partners have acquired a majority stake in EPC Power Corp., a North American supplier of utility-scale smart inverters. The strategic investment, along with a comprehensive recapitalization, positions EPC Power to expand in the U.S. market. EPC Power’s smart inverters are suited for applications in stand-alone energy […]
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Ampt, a DC optimizer company for large-scale photovoltaic (PV) systems, has integrated its products into the energy storage modeling software solution from Fractal Energy Storage Consultants, an energy storage and renewable energy consulting and engineering firm. Users of the Fractal Model software can now model their PV solar-plus-storage projects including Ampt string optimizers to design […]
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To meet installation engineering challenges, particularly in larger solar projects, Xendee has released a new multi-node feature that enables users to create advanced, interconnected microgrid networks from a constellation of smaller microgrids or DERs that can support up to 25 technology types, including solar PV, battery storage, hydrogen, hydrokinetic and more. The multi-node feature enables […]
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FTC Solar Inc., a provider of solar tracker systems, software and engineering services, has introduced Pioneer, a new one module in portrait (1P) solar tracker solution. “Pioneer achieves a full 18-36 percent pile count reduction per MW vs. the current industry-leading solutions by volume, allowing customers to benefit from reduced labor and materials costs,” says […]
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SunPower, a residential solar technology and energy services provider, has made minority investments in EmPower Solar and Renova Energy. With these investments, Renova and EmPower are the newest additions to SunPower’s Dealer Accelerator Program. The Dealer Accelerator Program, which SunPower launched in March, provides high-potential solar dealers with capital financing and business strategy support to […]
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According to Wood Mackenzie, a Verisk business, and the American Clean Power Association’s (ACP) latest U.S. Energy Storage Monitor report, the U.S. energy storage market set a new record in the second quarter of 2022, with grid-scale installations totaling 2,608 MWh – the highest installed capacity for any Q2 on record. Grid-scale storage was boosted […]
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Canadian Solar Inc.’s CSI Energy Storage, which is part of its majority-owned CSI Solar Co. Ltd. subsidiary, is launching SolBank, a proprietary battery solution for utility-scale applications. CSI Energy Storage is also expanding its battery manufacturing capacity from the existing 2.5 GWh to 10 GWh by the end of 2023. The SolBank is a lithium […]
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Declan Flanagan, former CEO of Orsted’s onshore business, has launched Bluestar Energy Capital, a new global renewable energy investment platform with an initial $100 million in capital for greenfield renewable energy development. “A huge amount of capital is seeking a role in the energy transition, but a scarcity remains of the right kind of capital […]
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Correlate Infrastructure Partners Inc., an energy optimization and clean energy solutions provider for North America, has signed a nonbinding letter of intent to acquire Aegis Renewable Energy Inc. Aegis is a commercial, industrial and community solar company focused on solar project development and engineering, procurement and construction services in the eastern United States. Upon completion, […]
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