Finance

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 »

Startup Rondo Energy closed a $22 million Series A funding round to decarbonize industrial processes with equipment that converts solar and wind energy into thermal energy. February 8, 2022 Rondo Energy announced the closing of a $22 million Series A funding round to support its technology, a renewable energy heat battery aimed at reducing the …

Renewable energy heat batteries for industrial applications gain funding Read More »