Honda signs major Texas solar purchase deal, ENGIE North America acquires Massachusetts solar + storage portfolio: pvMB 9/24/19

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Honda makes auto industry’s largest solar purchase to date – Upping the company’s renewable energy profile considerably, Honda has announced that the company will be purchasing 482,000 MWh/year from a 200 MW Texas solar facility. This purchase, in addition to the 530,000 MWh/year Honda will be buying from the 120 MW Boiling Springs Wind Farm in Oklahoma will bring the company to 60% of its electricity needs being procured from renewable resources. Source: Honda

 

ENGIE North America acquires Massachusetts solar + storage portfolio – ENGIE North America has announced the acquisition of a four-project Solar Massachusetts Renewable Target (SMART) portfolio. Said portfolio has a total capacity of 25 MW of solar and 22 MW of energy storage. The portfolio will be operated by ENGIE’s Distributed Solar team and ENGIE Storage and participate in ISO New England wholesale markets and is expected to be entirely operational in Q3 2020. Source: ENGIE North America

 

Complete Solar raises $9 million in funding – Complete Solar, Inc., announced it has raised $9 million in equity funding led by Ecosystem Integrity Fund. Additional participating investment came from the Libra Foundation. This capital is supporting Complete Solar’s market expansion, which includes enabling non-solar sales channels to expand their respective product offerings through Complete Solar’s reseller program. Complete Solar is also set to expand its product offerings to include electric car chargers, battery back-up systems, electric heat pumps, roofing, and other home energy upgrades by cross promoting its partners’ energy products. Complete Solar has expanded its partnerships across California, New Jersey, Massachusetts, New York, Connecticut, Utah, and Arizona.” Source: Complete Solar 

 

Standard Solar acquires Lake Elsinore Unified School District projects – “Standard Solar, Inc. today announced it has acquired a 7 MW portfolio of distributed generation solar projects for the Lake Elsinore Unified School District (LEUSD) in Lake Elsinore, Calif. Standard Solar will finance, own and operate all eight projects which are currently planned for phased development with all systems expected to be online in 2020. The projects were developed by Riverside, Calif., Lamb Energy, Inc. Stronghold Engineering Inc., an award-winning design and construction firm with years of expertise in the solar industry, will perform the installation of the projects.” Source: Standard Solar 

 

174 Power Global Acquires OnForce Solar – 174 Power Global (“174 Power Global” or “the Company”), today announced that it has acquired OnForce Solar, a leading New York commercial solar development firm and community solar business, further advancing the Company’s presence in the retail energy and commercial and industrial (C&I) project development markets. OnForce Solar will become part of newly formed entity, 174 Power Global Northeast.Together, 174 Power Global and OnForce Solar will be able to provide more households with a community solar offering, giving consumers the option to purchase a “share” in a community solar project in order to adopt clean energy practices and reduce electricity costs. New York is among the four most active community solar states, with others quickly joining the coalition. Currently, OnForce Solar serves New York and New Jersey; 174 Power Global plans to scale the business across the Northeast and expand to other parts of the country as solar prices continue to drop and consumer demand increases.” Source: 174 Power Global