Catholic Church going solar, Solar+storage+Stem in Massachusetts, GameChange gets Citibank money; pvMB 07/11/19

Amaresco building 2.1 MW for schools in California, a report on solar+storage aiming for gas, Summit Ridge and Pivot Energy building in Illinois and more!

July 11, 2019 Christian Roselund and Tim Sylvia

NREL - Hit me with your Sunshot

Catholic Charities to develop 2 MW in D.C. – Washington,D.C.’s largest solar ground array and pollinator field project is coming, thanks to Catholic Energies, IGS Solar and Catholic Charities of the Archdiocese of Washington (CCADW). The 2 MW installation comes in response to Pope Francis’s call to combat climate change and to serve as good stewards of the environment and will supply nearly 100% of the current power requirements for CCADW’s locations within the city. In addition, the installation will house 650,000 pollinator and nectar-bearing flowering plants. Source: IGS Solar

Amaresco to construct 2.1 MW for Orange Unified School District – “Orange Unified School District (OUSD) and Ameresco, Inc., today announced construction will begin on a total of 2.1 megawatts of solar energy. This is the first solar project in Orange Unified’s history. The project consists of a combination of ground-mounted and shade canopies at eight sites, generating 3,552,716 million kWh of renewable electricity its first year of operation – reducing carbon emissions by an estimated 2,512 metric tons. This is the annual equivalent to 533 passenger cars driven for one year.” Source: Amaresco

Summit Ridge Energy to build 75 MWs of Community Solar in Illinois – partners with Pivot Energy on 29 MWs – “Summit Ridge Energy (SRE) announced today that it will acquire 11 projects from Pivot Energy in Illinois totaling 29 MWs, increasing SRE’s portfolio of community solar projects in the state to more than 20. Pivot developed 29 MWs that won Adjustable Block awards, and will be contracted by SRE to handle customer acquisition and management for those projects. Mark Raeder, SRE’s Principal in the Midwest, said the company plans to construct over 75 MWs of community solar in Illinois alone over the next 18 months.” Source – Summit Ridge

Can renewables + storage beat gas? – In this article, Devashree Saha of the World Resources instute dives into the possibility that the tide is turning away from natural gas – and toward renewables and storage in the U.S. Saha found six recent examples of states where regulators have questioned advancing investment in new natural gas generation, turning instead to wind and solar. She also digs into the economics behind this shift using the latest data. Source: World Resources Institute

Stem deal to deploy 28 MWh of storage co-located with solar in Mass – “Stem, Inc. announced a new partnership with Syncarpha Capital to build 28.2 MWh of large-scale storage projects co-sited with solar in Massachusetts. Syncarpha is a New York-based private equity firm that develops, owns and operates distributed PV solar energy systems as well as energy storage systems. For Stem, the deal is an expansion into the front of meter market where distribution-connected sites are participating in the regional wholesale markets… The systems will be managed by the Stem AI platform, Athena, which enables Syncarpha to participate in the New England ISO-managed wholesale markets while complying with investors’ SMART and federal investment tax credit requirements. Moreover, Stem’s artificial intelligence platform enables its partners to participate in future wholesale and retail service revenues as regulators make those service programs available.” Source: Solar Builder Mag

GameChange Solar closes capital line of credit to fund growth – Following a funding commitment supplied by Citi Bank, GameChange solar has closed an asset based working capital line of credit to fully fund its growth over the next several years in the US and overseas. Derick Botha, Chief Commercial Officer for GameChange Solar commented on the partnership, saying: “As GameChange Solar continues its rapid expansion globally and in the US, we decided it was time to bring on a large financing partner. We are pleased to close a transaction with Citi, which we feel is the best global bank for our needs. Citi also shares our vision of the importance of solar energy.” Source: GameChange Solar

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