Westbridge Renewable Energy has closed the sale of its 230 MW Vulcan County, Alberta, solar power plant project to a subsidiary of MYTILINEOS Energy & Metals, as announced in early June. The transaction was completed via the sale of all issued and outstanding shares of Georgetown Solar. Westbridge satisfied the conditions for the transaction, including […]
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Catalyze says it will be heading operations at two Lancaster, N.Y., solar sites, totaling over 12 MW. The first site is a 6.63 MW community solar project with Finger Lakes Health as the anchor commercial utility off-taker. The second 6.06 MW site will offer remote net crediting, providing an additional opportunity for the off-takers. While […]
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The U.S. Department of the Treasury and the Internal Revenue Service have issued proposed regulations to provide guidance for the advanced manufacturing production credit established by the Inflation Reduction Act (IRA). The new Section 45X provides a credit for the production (within the United States) and sale of certain eligible components, including solar and wind energy components, […]
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S-5! announced an additional 21 company patents issued this year, bringing the total number of issuances since the company’s first product was patented in 1991 to 133. The United States Patent and Trademark Office most recently granted S-5! patent number 11,808,043 for its new bonding clip, which bonds and grounds standing seam metal roof panels, […]
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iSun has closed on an $8 million senior secured loan with Decathlon Capital Partners to fully refinance the prior senior secured convertible facility which had become dilutive. The transaction carries a 48-month term and is a straight debt instrument, avoiding any equity dilution. Debt service payments begin at a smaller initial level and increase over […]
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SMA Solar Technology expects to expand its manufacturing into the U.S., with a projected production start of 2025. SMA is currently working with potential partners to evaluate the most strategic manufacturing location and approach. The company says it is planning for 3.5 GW of capacity per year at the new site, with the potential to […]
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MET Group’s first Spain solar park, Puerto Real 3, has started commercial operations. The company acquired a 100% stake in the project at a ready-to-build status last year. Puerto Real 3 is situated in the Andalusia region, known for its high solar irradiation levels. The solar power plant incorporates the latest technology and has an […]
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Catalyze says it will be heading operations at two Lancaster, N.Y., solar sites, totaling over 12 MW. The first site is a 6.63 MW community solar project with Finger Lakes Health as the anchor commercial utility off-taker. The second 6.06 MW site will offer remote net crediting, providing an additional opportunity for the off-takers. While […]
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Correlate Energy has begun construction on its Reading, Pa., solar project, which originally started at 3.8 MW and has grown to 5.2 MW. Upon completion, this project will rank among the largest corporate solar installations in Pennsylvania, says the company. “We are thrilled to be building our largest corporate campus project to date, marking a […]
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Soltec has reached an agreement with Repsol to supply 300 MW of its SFOne trackers for three projects in Spain, located in the provinces of Palencia, Teruel and Guadalajara. All plants will have the company’s trackers. For the Palencia PV project, a total of 1,542 trackers and 172,704 modules will be installed. The Teruel project […]
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Pivot Energy says it is developing six Illinois community solar projects totaling 33 MW with Tapestry, a house of designer accessories and lifestyle brands that include Coach and Kate Spade. Tapestry has committed to purchasing 15 years of Impact Renewable Energy Credits (RECs) produced by the projects, which will produce more than 50,000 MWh per […]
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Aspen Creek Power Holdings and Oakhurst Energy Development are merging to become Headwater Energy, an integrated solar and energy storage developer and independent power producer. The merger is the culmination of a partnership initiated with Aspen’s investment in Oakhurst early last year. Aspen has lent its financing expertise to the partnership, with Oakhurst contributing its […]
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