Finance

Canadian Solar said it completed a previously announced “at-the-market” offering program of common shares through which it sold 3.6 million of its common shares and raised $150 million in gross proceeds before deducting commissions and offering expenses. The company said it intends to use the net proceeds to execute its long-term strategic growth plans, including …

Canadian Solar raises $150 million to fund possible acquisitions Read More »

CIT Group Inc. said that its power and energy business served as coordinating lead arranger on nearly $210 million in financing for a solar project in Brazoria County, Texas, near Houston. The 260 MWdc Brazoria West Solar Project is under construction, with commercial operation planned for 2022. The project was developed by Savion, an affiliate …

CIT Group arranges finance for Texas solar project Read More »

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Sunrise brief: Canadian Solar funds growth plans via stock sale Read More »

Solar company iSun announced it reached an agreement to make a minority interest equity investment in Encore Renewable Energy, a Vermont-based clean energy developer with a history of reclaiming real estate landfills, brownfields, rooftops and carports for community-scale solar PV and large-scale energy storage systems. The deal provides the two companies opportunities in collaboration across …

iSun invests in Encore Renewable Energy Read More »

The deal includes long-term O&M agreements for the solar, storage, and wind assets. November 30, 2021 A unit of NextEra Energy Resources agreed to sell a 50% non-controlling interest in a 2,520 MW portfolio of long-term contracted renewables assets to the Ontario Teachers’ Pension Plan Board for $849 million. The remaining 50% interest will be sold …

NextEra Energy sells a stake in a renewable energy portfolio for $849 million Read More »

Wells Fargo Renewable Energy & Environmental Finance closed tax equity financing for the Arroyo Solar and Storage project with D. E. Shaw Renewable Investments. Once operational, Arroyo – a 300 MWAC solar and 150 MWAC/600 MWh battery energy storage system facility developed in northwestern New Mexico – will be one of the largest solar and …

Wells Fargo provides tax equity financing for solar+storage project Read More »

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Sunrise brief: EPC contractor buy expands Koch’s solar reach Read More »

CIT Group said that its power and energy business led the refinancing of a $69 million portfolio of solar facilities owned and operated by Strata Clean Energy. The portfolio includes 21 operating solar assets in North Carolina that total more than 130 MW of generation capacity. Output is covered by power purchase agreements. In late …

CIT Group lines up refinancing for 130 MW solar portfolio Read More »

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Sunrise brief: Solar wins big as new transmission projects advance Read More »

Mosaic surpassed $6 billion in loans funded through the company’s platform. The milestone is significant in itself, but also indicative of the company’s rapid acceleration, as it passed the $5 billion mark just nine months ago. Mosaic states that it is dedicated to helping everyone transition to clean energy, and while the company initially provided …

Mosaic passes milestone for solar funding; Welcomes new board member Read More »