Clairvest Group Inc. (CVG) and Clairvest Equity Partners V have closed the sale of Also Energy Holdings Inc. to Stem Inc. AlsoEnergy is a provider of solar energy software, hardware and support services to residential, commercial and industrial, and utility solar markets. Under terms of the sale, Clairvest received sale proceeds of approximately $350 million […]
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Solar Alliance Energy Inc. has completed the acquisition of a 389 kW project in New York from Abundant Solar Power Inc. The project acquisition represents the second project Solar Alliance will own and operate under a 25-year power purchase agreement. Including the two projects Solar Alliance now owns, the company is targeting a total of […]
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As of the end of 2021, 31 states and the District of Columbia had renewable portfolio standards (RPS) or clean energy standards (CES), the U.S. Energy Information Administration (EIA) reports. Four states – Delaware, Oregon, North Carolina, and Illinois – updated their RPS or CES policies in 2021. In addition, Nebraska approved its first clean […]
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D. E. Shaw Renewable Investments (DESRI) has signed a long-term renewable energy offtake agreement with Southwestern Electric Power Co. (SWEPCO). The Rocking R Solar Project will be a 72.5 MW AC facility in Caddo Parish, La., that is anticipated to come online in late 2024. DESRI has executed a 20-year renewable energy purchase agreement (REPA) […]
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Indiana Michigan Power (I&M), an American Electric Power (AEP) company, has submitted a plan with the Indiana Utility Regulatory Commission that calls for adding more than 2,000 MW of wind and solar energy generation by 2028. The Powering the Next Tomorrow plan is designed to ensure reliable, sustainable energy for I&M customers from a resilient […]
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Sol Systems LLC has acquired a 540 MW solar development portfolio in southeast Illinois from Arevon Energy. The portfolio is one of a number of acquisitions Sol Systems is making to scale its Impact + Infrastructure platform across the U.S. “This acquisition begins Sol Systems’ significant expansion into utility-scale solar development in Illinois,” says Patty […]
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As part of an expanded sales initiative in the U.S. commercial and industrial (C&I) solar market, Maxeon Solar Technologies Ltd. will sell Maxeon-branded IBC solar panels together with a performance assurance product from Omnidian. This partnership expands upon Maxeon’s existing presence in the U.S. utility-scale solar power plant business. Omnidian, a provider of comprehensive protection […]
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Migdal Insurance is expanding its strategic partnership with Doral Renewables LLC by committing an additional amount of up to $75 million in the second phase of the company’s Mammoth Solar project in northwest Indiana. Migdal will own 22.5% of the project’s second phase, named Mammoth South, which is expected to generate 300 MW AC of […]
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Competitive Power Ventures (CPV) has achieved a major milestone in its plan to construct and operate the 200 MW DC Backbone Solar Farm (CPV Backbone) in western Maryland’s Garrett County. The Maryland Public Service Commission granted CPV a Certificate of Public Convenience and Necessity (CPCN) for the project on January 11. The state’s approval grants […]
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Continuing its efforts to grow renewable energy in North Carolina, Duke Energy Sustainable Solutions, a nonregulated commercial brand of Duke Energy, recently began commercial operation of two major solar facilities in the state: the 50 MW Broad River Solar power plant in Cleveland County and the 22.6 MW Speedway Solar power plant in Cabarrus County. […]
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Buckeye Partners has selected Black & Veatch to provide engineering, procurement and construction (EPC) services for its planned Project Parker 270 MW solar project in central Texas. “We are committed to deploying our deep expertise in clean energy to support clients on the leading edge of the energy transition such as Buckeye partners with their […]
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Greenbacker Renewable Energy Co. (GREC), through a wholly owned subsidiary, has purchased a 6.5 MW DC to-be-constructed solar project from Encore Renewable Energy. The South Street solar project, located in Middlebury, is now GREC’s largest solar asset in Vermont. Once completed, 100% of the energy South Street produces will be allocated to Middlebury College. Green […]
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