The Black Bear Solar project will be among the largest in the state once it is completed, and it will deliver electricity to a wholesale power provider for 11 public power utilities in Alabama. December 20, 2021 Lightsource BP announced that the company has closed financing for its planned 130 MW Black Bear Solar project, …
The two projects will bring more than 50 MW of solar to Consumers Energy customers across the state. December 27, 2021 Pine Gate Renewables and Irradiant Partners announced that the companies have achieved financing for two utility-scale solar projects, set to bring more than 50 MW of new renewable generation to Michigan. MacBeth Solar and …
Pine Gate completes financing for two Michigan solar projects Read More »
The 293 MW Sun Mountain solar project, set to be located in Pueblo, Colorado, and the 173 MW Bellflower solar project, set to be constructed east of Indianapolis will each be among the largest in their respective states. December 28, 2021 Lightsource BP announced that it has closed on a $376 million multi-project financing package, …
Lightsource BP closes $376 million in financing, breaks ground on two massive projects Read More »
Despite the global Covid-19 pandemic and recession, corporate purchases of clean energy are booming. Several factors are driving this trend, including falling costs, a heightened appetite for sustainability among consumers and investors, and increased political will for net-zero development. In recognition of this, the UP Initiative spent Q3 2021 investigating sustainable electricity supply. How are …
Stepping UP in 2021: #3 Sustainable electricity and corporates’ critical solar role Read More »
Koch Strategic Platforms, a subsidiary of Koch Investments Group, invested in the commercial and utility-scale solar racking provider, marking a divergence from earlier anti-solar strategies. December 30, 2021 GameChange Solar, a provider of racking and trackers for utility-scale and commercial solar projects, announced a $150 million investment from Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group. The preferred …
Heliogen, provider of concentrated solar power (CSP) plants enabled with AI, reached the New York Stock Exchange on the last day of 2021 after completing a business combination with Athena Technology Acquisition Corp. The deal resulted in roughly $188 million in gross cash proceeds to Heliogen, which now trades under the ticker HLGN. At the time of …
Heliogen nets $188 million in cash in business combination, added to NYSE Read More »
Magnetar Capital was the lead investor and will name two new members to PosiGen’s board of directors. January 5, 2022 PosiGen, a provider of solar PV and energy efficiency solutions to low-to-moderate income (LMI) households announced the close of a $100 million preferred equity financing, led by Magnetar Capital’s Energy & Infrastructure group. The Investment …
PosiGen closes $100 million preferred equity financing Read More »
Royal Dutch Shell-backed Silicon Ranch announced the raise of $775 million in equity capital. The round was led by new investor Manulife Invesment Management, a division of Canada’s largest life insurance firm, which contributed $400 million. Existing investors Shell TD Greystone Infrastructure Fund and Mountain Group partners participated, as well. The deal is expected to …
Silicon Ranch raises $775 million in equity capital Read More »
Also on the rise: Aerial inspection and site data service provider, Heliolytics, acquired by NovaSource. Solar panel recycling firm teams up with Solaris. Investment gets Texas PV developer IndustrialSun ready for launch. Community solar moves forward in Illinois. International team of researchers develop solar-powered hydrogen energy platform. NovaSource acquires Heliolytics The deal was made as …
Sunrise brief: Palmetto captures PV potential of roughly 75% of U.S. rooftops Read More »
Hydrostor Inc. today announced a preferred equity financing commitment of US$250 million from the Private Equity and Sustainable Investing businesses within Goldman Sachs Asset Management. Hydrostor, a Canadian company with patented advanced compressed air energy storage (A-CAES) technology designed to provide long-duration energy storage, uses proven components from mining and gas operations to create a …
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