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Month: April 2024

Nexamp raises $520M to Power Clean Energy Mission | Solar Financing Spotlight

Nexamp enters a new phase of growth with a $520 million capital investment to expand its solar development program. Meanwhile Excelsior Energy has entered a multiyear contract to purchase Heliene solar panels, and Origis Energy has secured $317 million to build two utility-scale projects in this installment of the Solar Financing Spotlight. Nexamp secured $520 …

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Community solar provider secures over half-billion-dollar investment

Nexamp secured a $520 billion capital raise. It serves nearly 80,000 customers nationally and has a $2 billion investment strategy in Illinois. April 10, 2024 Community solar provider Nexamp announced it has secured a $520 million capital raise led by Manulife Investment Management, with participation from existing investors Diamond Generating Corporation and Generate Capital. The …

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Origami Solar steel panel frames pass mechanical load and corrosion testing

Steel solar panel frame manufacturer Origami Solar announced that after months of independent testing at CFV Labs and the Renewable Energy Test Center (RETC), the company’s steel frames have passed frame-related industry-standard testing, including IEC 61215 static mechanical load testing and IEC 61701 salt-mist corrosion testing and continuity testing of equipotential bonding. This testing proves …

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West O‘ahu solar + storage project completed by AES Hawaiʻi

AES Hawaiʻi has completed the West O‘ahu solar + storage project in Kapolei – the company’s first facility to combine solar generation and battery energy storage on O‘ahu. The launch was commemorated with a blessing ceremony at the project site and reception at the nearby University of Hawai‘i-West O‘ahu campus. Located on 66 acres of …

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Electrical grid interconnection backlog grew 30% in 2023

The backlog of new power generation and energy storage seeking transmission connections across the U.S. grew again in 2023, with nearly 2,600 GW of generation and storage capacity now actively seeking grid interconnection, according to new research from Lawrence Berkeley National Laboratory. Active capacity in U.S. interconnection queues increased nearly eight-fold over the last decade, …

Electrical grid interconnection backlog grew 30% in 2023 Read More »

Sunrise brief: Naked Energy to manufacture solar electric plus thermal in U.S.

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Sunrise brief: Naked Energy to manufacture solar electric plus thermal in U.S. Read More »

Virginia expands community solar access with new law

Credit: Nexamp Governor Glenn Youngkin signed SB 253/HB 106 and SB 255/HB 108, patroned by Senate Majority Leader Scott Surovell (D-Fairfax County) and Delegate Rip Sullivan (D-Fairfax County), to improve and expand shared solar access in Dominion Energy territories and create a shared solar program for customers in southwest Virginia. “This legislation enables the continued …

Virginia expands community solar access with new law Read More »

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