CleanCapital refinances 47 MW Tahoe portfolio – “CleanCapital announced today that it has closed on a refinancing of its largest solar portfolio, Tahoe. The 46.9 megawatt portfolio, one of the largest independent C&I solar portfolios in the U.S., was acquired from ATN International, Inc. subsidiary Ahana Renewables. Lenders for the $85.7 million financing that matures in 2026 are Santander Bank, N.A… CleanCapital has grown rapidly over the last year, acquiring more than 84 MW of distributed operating solar since April 2018. The Tahoe portfolio was acquired by CleanCapital last November as part of its partnership with BlackRock’s Renewable Power Group… The underwriting of the debt by Santander Bank and CIT signals confidence in CleanCapital’s track record of quality execution in C&I solar.” Source: CleanCapital
Brews from the Sun winners announced – Solar United Neighbors has announced the winners of its annual Brews from the Sun competition, which sets out to find America’s favorite solar craft brewery. This year, of the over 40 participating breweries, Maui Brewing Company of Hawaii placed first in the regional brewery category, Mad Mole Brewing of North Carolina won in the microbrewery category, and Canal Park Brewing Company of Minnesota won in the brewpub category. Source: Solar United Neighbors
Nautilus completes NY community solar installation – Nautilus Solar Energy announced that the company has completed its first of three community solar projects in Orange County, New York. The 2.8 MW project is located on 15 acres and will serve the electricity needs of 300 homes. Nautilus’ two remaining solar projects in the county are expected to reach completion in late 2019. Source: Nautilus Solar Energy
SOMAH to begin accepting applicants – “California’s new Solar on Multifamily Affordable Housing (SOMAH) program, the nation’s largest investment in low-income residential solar for tenants, will begin accepting applications on July 1, 2019… The SOMAH program provides property owners with financial incentives for installing solar photovoltaic energy systems on housing serving low-income and disadvantaged communities throughout the state… Prompted by California Assembly Bill 693, the SOMAH program is funded for up to $100 million annually for 10 years from utility greenhouse gas allowance auction proceeds. Each solar project is required to provide direct economic benefits to tenants, allocating at least 51% of the clean energy produced to tenants in the form of virtual net energy metering credits, and provide job training opportunities for community members and tenants.” Source: SOMAH
ENPHASE donates inverters for low-income projects – “Enphase Energy, Inc. today announced that it has renewed its low-income solar partnership with GRID Alternatives, a national leader in making renewable energy technology and job training accessible to underserved communities… Through the donation of microinverters, Enphase will help GRID Alternatives meet its goal of installing more than 10 megawatts of solar power in 2019, helping families and affordable housing providers save millions of dollars in energy costs and providing hands-on solar installation training to over 4,000 individuals.” Source: Enphase
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