Radial Power Closes $80 Million in Tax Equity Financing From Bank of America
Radial Power has closed on $80 million in tax equity financing from Bank of America to support the company’s pipeline of distributed generation projects through late next year, encompassing both asset and portfolio-level turn-key integrated projects. This tax equity capital raise, alongside back leverage, is planned to help fund the development and installation of an […]
Read MoreKraken Acquires Sennan in Plan to Increase Generation, Storage Assets
Kraken, part of Octopus Energy Group, has acquired Sennen in an effort to increase the company’s contracted energy generation and storage assets. Tech platform Kraken integrates varied aspects of the energy system, from customer billing to device management and analytics. The Sennen software uses cloud technology to streamline oversight and daily operation of renewable projects. […]
Read MoreAltus Power Strategically Acquires Unico Solar Core Business
Altus Power has strategically acquired the core business of Unico Solar, including its development platform, pipeline and senior leadership team as well as Denver and Seattle offices. “In a market where others are scaling back and reducing footprint, Altus Power is adding significant local coverage to be closer to our nationwide real estate partners and […]
Read MoreMUFG to Fund Origis $344 Million for Golden Triangle I Construction
Origis Energy has closed a $344 million construction financing facility and conversion to term loan with MUFG for its Golden Triangle I energy storage project in Lowndes County, Miss. Golden Triangle I, with 200 MW solar capacity co-located with 200 MWh of energy storage, is one of three Origis renewable projects under construction in the […]
Read MoreENGIE Completes Sun Valley Battery Storage
ENGIE’s 100 MW Sun Valley Battery Storage project in Hill County, Texas, has been commissioned. The project is one of the company’s largest utility-scale storage facilities in the U.S. so far. It is co-located with the company’s existing 250 MW Sun Valley Solar project, which commenced operation last year. “We have more than 2 GW […]
Read MoreTrina Unveils Upgraded Vanguard 1P and 700 W+ Modules
Trina Solar has launched its intelligent tracking solution, composed of the newly upgraded Vanguard 1P and 700 W+ modules. The Vanguard 1P features a pipe design that halves torque tube connection time, says the company, adding that the product’s multi-drive system shortens drive installation time. Also, its split spherical bearings and purlin installation system can […]
Read MoreOCIM to Supply CubicPV with Silicon Under Long-Term Agreement
CubicPV and OCI Holdings subsidiary OCIM have signed a long-term supply agreement for OCIM to supply Cubic with low-carbon, U.S.-compliant silicon. The eight-year contract, valued at approximately $1 billion, establishes an annual supply volume commitment by OCIM to outfit Cubic with the polysilicon required to commence operations at its planned U.S. factory. The OCIM partnership positions […]
Read MoreSabanci Renewables Closes Financing with Advantage Capital for Cutlass Solar II Project
Advantage Capital has committed to provide a $185 million investment to Sabanci Renewables for financing of its Cutlass Solar II project. Located approximately 40 miles southwest of Houston, Cutlass II is a 272 MW utility-scale project under construction in ERCOT. It is expected to commence operations in April and includes over 500,000 solar panels situated […]
Read MoreSteyr Automotive Site PV Roof Project Goes Into Operation
The PV roof project located on Steyr Automotive’s 85,000 square-meter roof in Austria has gone into operation. The approximately 7.5 MW system was installed using the Schletter FixGrid and ClampFit systems. Schletter Group worked with energy supplier Burgenland Energie on this project, which the company says is Austria’s largest PV roof installation. On the pitched […]
Read MoreMeta Signs with Adapture for 330 MW from Illinois, Arkansas Solar Projects
Adapture Renewables has signed three environmental attributes purchase agreements with Meta to procure 330 MW from three solar projects under development in Illinois and Arkansas. Situated in federally designated energy communities where a coal facility had been closed, the three projects will bring an estimated net economic impact of more than $400 million, says Adapture. […]
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