Galway Sustainable Capital Acquires Forsite Renewables
Sterling Power Opportunities, a subsidiary of Galway Sustainable Capital, has acquired a majority interest in Charlotte-based Forsite Renewables. The transaction will fund Forsite’s expected expansion and marks the 34th strategic acquisition for Galway. Galway will retain the existing management team to lead ongoing development and company operations. “This is a transformative transaction and incredible milestone […]
Read MoreFirst Solar Inaugurates New Manufacturing Plant in India
First Solar has inaugurated its new vertically integrated solar manufacturing plant, in Tamil Nadu, India. The facility has an annual expected capacity of 3.3 GW and produces the company’s Series 7 PV modules, developed at the company’s U.S. research and development centers and optimized for the India market. Representing an investment of approximately $700M, which […]
Read MorePlenitude to Acquire Three U.S. PV Parks From EDPR
Plenitude has signed an agreement with EDP Renováveis to purchase an 80% equity stake in a portfolio of operational PV plants located in the U.S. The Cattlemen in Texas, Timber Road in Ohio and Blue Harvest in Ohio parks have a total installed capacity of 340 MWac. The company’s share covers an area of more […]
Read MoreKORE Power Launches Two U.S.-Manufactured DC Blocks
KORE Power has launched two all-in-one DC block products for energy storage, offering a 750 kWh LFP DC Block and a 1.3 MWh NMC DC Block. “KORE Power’s DC Blocks will help our customers get projects grid-connected, on-time and on-budget, ensuring that safe, clean reliable power is there when it’s needed,” says Lindsay Gorrill, KORE […]
Read MoreEDF Renewables, Enbridge Announce Fox Squirrel Phase 1 Commercial Operation
EDF Renewables North America and Enbridge have announced that Phase 1 of Fox Squirrel Solar in Ohio is operational and delivering electricity to the PJM grid. Fox Squirrel Solar, a ground-mounted solar facility with total capacity of 749 MW, is being constructed in three phases in Madison County, Ohio. The initial phase generates 150 MW, […]
Read MoreSunlight Financial, Cross River Bank to Sell $300M Loan Asset Pool
Sunlight Financial Holdings has partnered with Cross River Bank to sell a pool of approximately $300M in solar loan assets, acquired by an international investment entity. “The quality and performance of Sunlight’s solar loan assets are a testament to the company’s diligence and innovative approach,” says Noah Cooper, Cross River CIO. “This transaction affirms investor […]
Read MoreArcadia Reaches 2 GW in Community Solar Management
Arcadia has announced it reached 2 GW of community solar management across the 15 states it serves. As its solar farms generate power, Arcadia credits enrolled households with energy discounts. Approximately 22% of the company’s community solar subscribers qualify as low or moderate income households. “Hitting two gigawatts is a testament to our unwavering commitment […]
Read MoreApex’s Wheatsborough Solar Contracted Under Microsoft–Volt Energy Justice Framework
Apex Clean Energy has contracted its 125 MW Wheatsborough Solar project in Ohio under the Microsoft–Volt Energy Utility Environmental Justice Framework as a minority-owned solar energy development firm. Developed under the framework of leveraging corporate emissions goals to support environmental justice, community and diversity initiatives, the contracted PPA is meant to prioritize more equitable distribution […]
Read MoreWindach Municipal Plant Delivers Energy to 2,300 Homes in First Nine Months
The municipality of Windach in Landsberg, Bavaria, has installed a 6.6 MW DC-optimized ground mount solar plant which has generated 6.57 GWh in its first nine months of operation. The 12,408 module solar array began operation last February and borders the A 96 highway between Munich and Memmingen. To ensure the project would receive widespread […]
Read MoreGoal Solutions to Offer Solar PPA and Lease Servicing Programs
Goal Solutions has expanded into solar PPA and lease servicing in an effort to streamline management complexities for their client base, says the company. The company adds these capabilities to its established UCC management and sales tax obligation filing services. “We are huge believers in the transformational potential of solar-generated power and want to enable […]
Read More