Longroad Energy, a US-based renewable energy developer, owner and operator, completed financing and sale of the 294 MW Muscle Shoals solar project to Ørsted. Muscle Shoals Solar, the largest renewable energy project in Alabama, is expected to come on-line mid 2021 and Longroad Energy will manage the construction. The project has a 20-year power purchase agreement with the Tennessee Valley Authority.
- EPC is Swinerton Renewable Energy
- Panels are First Solar’s Series 6 technology
- Inverter supply with Power Electronics
- Tracker supply with NEXTracker
Wells Fargo is the sole tax equity investor in the project. Longroad is owned by the New Zealand Superannuation Fund, Infratil Limited, and Longroad’s management team. Source: Longroad
The solar panels of Aptos Solar, a U.S. based supplier, have been added to Loanpal’s approved vendor list, allowing solar installers to offer Aptos solar panels with competitive financing options to residential customers. Aptos claims its panels are optimized with patented “dual nano absorber” technology which allows the panel to operate at high efficiencies in extreme temperature environments. Source: Aptos Solar
CleanSpark, a software and services company, and ReJoule, a battery diagnostics and optimization company were awarded a $2.9 million grant from the California Energy Commission. ReJoule and CleanSpark will be supported by Ford Motor Company, BigBattery, and GRID Alternatives. The CEC Grant proposal was for Validating Capability of Second-life Batteries to Cost-Effectively Integrate Solar Power for Small-Medium Commercial Building Applications. The goal is to deploy second life batteries from EVs for use in a microgrid application. Source: CEC
Maxeon Solar prices upsized $185 M green convertible senior notes offering: Maxeon, a wholly owned subsidiary of SunPower, priced upsized $185M (from $175M) of its 6.50% green convertible senior unsecured notes due July 15, 2025 in a private offering.
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Since finding EV packs, removing, buying, testing, installing, electronics and more depending on how much the boss makes, corporate overhead, guaranty costs are added, it’ll cost 150-200% of new wholesale costs.
So just want company is going to pay 2x new for used when they can buy new at 1 x wholesale?
These belong to the only ones that can make money, very small operations with little overhead of 1, maybe 2 at most companies.
And only then because we can’t get wholesale new which I’d be ecstatic to buy at.
Though for me, others like me with barely any overhead, just my workshop which is paid for and my EV, trailer to pick up, deliver I can make a reasonable profit.
And I have another market and the only one going, converting older EVs to lithium of which there is a large number and most can get 200 mile range when converted though most opt for 125-150 mile range.
And ICE to EV conversions and increasingly, custom EVs.
And we’ll outbid you because they are worth more to us than you can afford and make a profit.
Fact is there isn’t much market for storage yet though I now have an inverter that supports lithium, solar and grid tie I expect that to change quickly..
If you mid companies with mid overheads want to try feel free but do the math first. Big corporations is even worse
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