Maxeon Solar Technologies is undergoing a strategic restructuring of its business portfolio and geographic market to focus exclusively on the U.S. As part of this strategy, the company has executed a five-year lease on a building in Albuquerque, N.M. and expects to begin solar panel manufacturing in the planned 2 GW capacity facility in 2026. […]
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PNM has filed an application with the New Mexico Public Regulation Commission (NMPRC) for new energy resources to be added by summer 2028. The proposed resource portfolio extends existing resources and adds 430 MW of new solar and battery storage to meet PNM’s forecasted peak load requirements in 2028. The filing requests approval for: The […]
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TOYO has agreed, via its subsidiary TOYO Solar, to acquire 100% interest in Solar Plus Technology Texas, located in the Houston metropolitan area. The company has leased a 567,140 square-foot facility which is being planned to accommodate 2.5 GW of solar module manufacturing capacity, with a further 6.5 GW expansion planned by 2029. The factory […]
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Revolve Renewable Power has completed the acquisition of a 30 MW mid-stage development solar project in Alberta, Canada. The project acquisition, first announced in September, is now complete and the company is advancing the required permitting and interconnection process. The first 20 MW phase of the project is expected to achieve “ready to build” status […]
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Ørsted has commenced operations at its 488 MW Mockingbird Solar Center in Lamar County, Texas, the company’s largest solar project to date. The company has also completed a 953-acre land donation to The Nature Conservancy for conservation. This donation establishes the Smiley Meadow Preserve, a new protected area that conserves tallgrass prairie habitat. “We are […]
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The Securities and Exchange Commission (SEC) has charged Gautam Adani and Sagar Adani, executives of Adani Green Energy, as well as Cyril Cabanes, an executive of Azure Power Global, for conduct arising out of a bribery scheme. According to the SEC’s allegations, the scheme was orchestrated to enable the two renewable energy companies to capitalize […]
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Silfab Solar has closed on $100 million of new financing to scale its solar cell manufacturing plant in Fort Mills, S.C. The $50 million equity investment was led by funds advised by ARC Financial and includes investment from their existing co-investors. The company additionally raised a $50 million senior secured financing, led by Breakwall Capital, […]
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Altus Power has acquired a 3.4 MW Maryland solar project from Chaberton Energy, which Altus Power will complete development of and then construct. Upon completion, the power generated by the asset, owned and operated by Altus and located in East New Market, Md., will be delivered to the local community, through the state’s Community Solar […]
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Pivot Energy has secured a $450 million debt warehouse facility, led by First Citizens Bank, which includes new strategic partner ATLAS SP Partners, the warehouse finance and securitized products business majority owned by Apollo funds. Pivot also closed on a structured equity investment from HA Sustainable Infrastructure Capital (HASI) in a new project joint venture. […]
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RWE and Peabody are partnering on developing renewable energy projects by repurposing reclaimed land previously used for mining. RWE is acquiring a majority interest in the R3 Renewables ownership group alongside founding partner Peabody. R3, a joint venture launched by Peabody, Summit Partners Credit Advisors and Riverstone Credit Partners, repurposes land previously used for coal […]
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Arevon Energy has begun operations at its Vikings Solar+Storage Project in Imperial County, Calif., near Holtville. The $529 million project includes 157 MW of solar coupled with 150 MW of battery energy storage. “Vikings’ advanced design sets the standard for safe and reliable solar+storage configurations,” says Kevin Smith, CEO at Arevon “The project incorporates solar […]
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Southern Power is intending to expand its 29th solar project, the Millers Branch Solar Facility in Haskell County, Texas. The company says the Phase III expansion will account for an added 132 MW from the previous Phase I and Phase II expansion of 200 MW and 180 MW, respectively. “This expansion of the Millers Branch […]
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