NeoVolta has secured a $5 million line of credit from National Energy Modelers, which the company says will bolster its working capital while preserving shareholder equity. The LOC is a pure debt financing agreement with no equity component. “We are thrilled to secure this $5 million line of credit,” says Steve Bond, CFO of NeoVolta. […]
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Enphase Energy has released its solution for expanding legacy California net energy metering (NEM) solar energy systems without penalty: through use of the company’s Energy Systems configurations with IQ Microinverters, IQ Batteries and Enphase Power Control. Until recently, the company says, homeowners enrolled in legacy NEM programs were limited on how much they could expand […]
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Arevon Energy has closed on $299 million in aggregate debt financing commitments for the company’s Ratts 1 Solar and Heirloom Solar Projects in Indiana. The projects, part of the company’s portfolio in the Midwest and Midcontinent Independent System Operator (MISO) territory, will add 264 MW of capacity to Pike County. This is Arevon’s first deal […]
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Apex Clean Energy has signed a PPA with a Michigan-based energy company for the full capacity of Coldwater Solar, located in Coldwater and Ovid Townships in Branch County, Mich. This is Apex’s second transaction with the company. “Coldwater Solar represents the successful realization of Michigan’s efforts to harness the economic and environmental advantages of the […]
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Bureau Veritas has acquired ArcVera Renewables, a specialized provider in finance-grade consulting and technical services for wind, solar and BESS projects. Bureau Veritas contributes to the energy transition by providing the power sector customers end-to-end solutions to meet the challenges of developing and operating renewable assets. This acquisition is expected to expand the company’s capabilities, […]
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Summit Ridge Energy has made the company’s first order, with Siemens, for domestic content inverters. Siemens, a longstanding partner of Summit Ridge, plans to manufacture the 1000 inverters ordered in the U.S., with scheduled deliveries across Illinois and Virginia starting next year. This 125 MW order marks a milestone for Summit Ridge, as the company […]
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Exus Renewables North America has partnered with Prescinto, a clean energy asset performance management SaaS provider, to streamline the management of its renewable energy portfolio. Exus will utilize Prescinto’s data centralization and real-time monitoring capabilities for their 3 GW of solar, wind and energy storage assets. “Our decision to partner with Prescinto was driven by […]
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Construction has begun on the 3.6 MW Constable Solar project, developed by Citrine Power and acquired by Encore Renewable Energy, who will be the owner and operator of the project. Constable Solar is Encore’s first solar project in New York State. Under New York’s NY-Sun Initiative and VDER program, NYSEG will compensate the project for […]
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Doral Renewables has closed on a project debt financing package to support initial construction of the remaining phases of its Mammoth Solar complex, located in northern Indiana. KeyBanc Capital Markets acted as coordinating lead arranger and administrative agent, with HSBC and Santander Corporate & Investment Banking acting as joint lead arrangers for the $285 million […]
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Canadian Solar has entered into a partnership agreement with SOLARCYCLE, which the company says positions Canadian Solar as one of the first crystalline silicon solar module manufacturers to offer comprehensive recycling services in the U.S. Under the terms of the agreement, SOLARCYCLE will serve as Canadian Solar’s preferred recycling partner, while Canadian Solar will act […]
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AES Indiana has submitted a filing with the Indiana Utility Regulatory Commission requesting a Certificate of Public Convenience and Necessity (CPCN) seeking approval to acquire, construct and recover costs for the company’s Crossvine solar plus battery energy storage project. The project, set to be purchased from Lightsource bp, is anticipated to bring 85 MW of […]
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Mill Creek Renewables has announced the commencement of commercial operations at Great Cove Solar, a 220 MW project encompassing two solar facilities stretched across 1,600 acres in Franklin and Fulton counties, Pa. Dubbed the largest solar project in the state by the company, Great Cove Solar comprises 485,000 panels. It is set to provide power […]
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