Allianz Global acquires Lotus Solar Farm, 174 Power Global closes on $210 million solar financing: pvMB 9/12/19

Hello wonderful people and welcome to the pvMB. Today we’ll be looking at New Jersey’s mall at Short Hills going solar, TVA’s CEO’s discussion on the future of energy for the company, Panasonic adding three Premium Installers and more!

September 12, 2019 Tim Sylvia

Image: Safari Energy

Allianz Global acquires 67 MW Lotus Solar Farm from 8minute – The Lotus Solar farm in in Madera County, California is under new ownership, as 8minuteenergy has sold the plant to Allianz Global Investors. The acquisition is the first of its kind for Allianz’s U.S. Infrastructure Equity team. Construction on Lotus began last month and will be completed in May 2020. Signal Energy is providing the engineering, procurement, and construction services for Lotus. Key suppliers will include NEXTracker with its NX Horizon™ smart solar tracker and TMEIC with 14 of their Ninja 4200 central inverters. Source: 8minute

174 Power Global closes on $210 million in financing for Texas solar farm – “174 Power Global today announced the closing of construction financing for the $210 million 150 MW first phase of a solar power plant near Odessa, Texas. Credit Agricole Corporate and Investment Bank and the Korea Development Bank are providing construction and term debt. J.P. Morgan Chase Bank, N.A. is providing an eight-year solar hedge for a portion of the project output. Additionally, a leading tax equity investor has provided a commitment to provide tax equity for this first phase… Q CELLS, one of the world’s largest and most recognized photovoltaic manufacturers, will supply the solar modules for the Oberon project. This first phase of the Oberon plant, which spans more than 1,200 acres and comprised of more than 560,000 solar panels, will generate enough electricity to power 25,000 to 30,000 Texas homes annually with clean, renewable energy, when completed in the spring of 2020.” Source: 174 Power Global

New Jersey’s mall at Short Hills goes solar – “Leading commercial and industrial solar developer, Safari Energy, has completed a 3.49 MW roof and parking deck solar power system at The Mall at Short Hills in New Jersey… The nearly 9,000 solar panels span 225,500 square feet of the mall’s roof and five parking decks. The system will produce 4.2 million kilowatt hours (kWh) of clean, renewable energy each year for the 1.4 million square foot center – the equivalent of offsetting more than 1,900 tons of CO₂ emissions annually.” Source: Safari Energy

TVA CEO to discuss future of energy for company on September 18 – Cancel your plans and get ready to pop some corn, because this should be good. The Tennessee Valley Authority (TVA) has announced that new president and CEO, Jeff Lyash, will discuss the future of energy and his vision for the nation’s largest public utility at a National Press Club Headliners event on September 18 at 10 a.m. Included will be TVA’s recent solar ventures, including the partnerships reached with Google and Facebook. Source: TVA

Panasonic adds three Premium Installers – “Panasonic today announced an expansion of the Panasonic Residential Solar Installer program with the addition of three Premium installers. Introduced in 2016, the Panasonic Solar Premium Installer program provides exclusive benefits and business opportunities to partners who meet Panasonic’s high standard of excellence. The program has experienced impressive growth in the last three years, now with 48 “Premium” installers and 153 “Authorized” installers. In Florida, Unicity Solar and Solar Energy Labs bring residential solar solutions to Tampa Bay and Jacksonville, respectively. Panasonic’s mid-Atlantic expansion includes Celestial Solar out of Fredrick, Maryland, and is known for providing solar support based on its guiding principles of energy affordability, sustainability, and independence.” Source: Panasonic

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