Finance

Also on the rise: Maine utility offers settlement for faulty processes. Yotta and Cal Solar Inc. team up on distributed energy to meet California mandate. Day two of Intersolar/Energy Storage North America. Largest Indiana solar park completed. Virtual power plants offer Texas renters low-cost clean energy. Q Cells and KSI to develop solar and storage …

Sunrise brief: U.S. House Committee questions TVA on “hindering” distributed solar Read More »

Ongoing supply chain constraints, rising commodities costs, regulatory uncertainty, and congested interconnection queues, all against the backdrop of exponentially increasing demand for new renewable energy projects, combined to put upward pressure on power purchase agreement (PPA) prices during the fourth quarter of 2021 and across the entire year, according to LevelTen Energy, a provider of …

Supply chain constraints continue to drive up solar contract prices Read More »

Proceeds of the expanded investment will be used to accelerate the development and construction of OYA’s 3 GW+ pipeline across the Northeast and mid-Atlantic and to fund acquisitions. January 19, 2022 OYA Solar, an emerging independent power producer, announced today that it has raised additional capital, increasing its corporate investment to $35 million. Proceeds of …

OYA Solar receives additional investment to accelerate company growth Read More »

8minute Solar Energy has closed $400 million in financing from EIG, an institutional investor in the global energy and infrastructure sectors. This funding is expected to enable 8minute to continue to operate and grow its portfolio of clean energy assets, focus on technology innovation and advanced solar plant design, and begin building projects on its …

8minute energy closes $400 million in financing from EIG Read More »

Fundamental Renewables and Pine Gate Renewables have announced an agreement under which Fundamental Renewables will be the sole provider of a $500 million credit facility to Pine Gate to fund the initial construction and development of utility-scale solar projects. According to Ben Catt, CEO of Pine Gate Renewables the loan will be used to expand the …

Pine Gate secures $500 million for utility-scale solar development Read More »

Amp Energy’s portfolio of 34 MW of planned community solar projects in New York State achieved financing, with CIT announcing its role as lead arranger for the $50.5 million investment. CIT is a division of First Citizens Bank. The portfolio, named NY3, contains six projects in central New York that have a total capacity of …

CIT arranges $50 million New York community solar investment with Amp Energy Read More »

The investment marks Greenbacker’s entry into the world of floatovoltaics and will allow Noria Energy to expand its project pipeline January 25, 2022 Greenbacker Capital announced that it has, through an affiliated fund, made an equity investment in Noria Energy, a California-based solar developer with experience and specialty in developing floating solar projects (floatovoltaics). The …

Greenbacker Capital invests in floating solar developer Read More »

Novonix will acquire an approximately 5% stake in KORE Power and will become the exclusive supplier of graphite anode materials to Kore Power’s large-scale battery cell manufacturing facility in the US. January 26, 2022 Novonix, an advanced battery materials and technology company, announced it has executed a letter of intent to enter into investment and …

Novonix invests in Kore Power, enters supply agreement Read More »

Solas Energy Consulting acted as key technical advisor to GIP. The investment includes preferred equity and a letter of credit facility. January 27, 2022 Solas Energy Consulting announced it served as key technical advisor to Global Infrastructure Partners (GIP) for a $500 million investment in BrightNight, LLC. BrightNight is an independent power producer of renewable …

Global Infrastructure Partners invest $500 million in renewable power producer BrightNight LLC Read More »