The energy storage provider is a joint venture between Siemens AG and AES Corp., and said it aims to offer 31 million shares priced at between $21 and $24 each.
The notes are backed by more than 3,700 solar rooftop systems across more than 21 states and territories.
The River Fork solar project has a 20-year PPA for 100 MW with Consumers Energy and a 25-year PPA for 49 MW with DTE Energy.
More than $200 million in equipment will be sold as Tesla plans to ramp up and expand operations at a Buffalo manufacturing facility.
The Energy Department announced nearly $40 million in funding for projects aimed at increasing the lifespan, reliability, and industrial use of solar.
The project is Leeward’s fourth PPA serving customers of community choice aggregators in the Kern County area north of Los Angeles.
Also on the rise: Mindful action is needed to increase Hispanic participation in solar, and a Hy Stor venture is the latest to join the growing list of hydrogen projects in the Gulf States.
The facility is expected to produce 110 million kg of green hydrogen annually and store more than 70 million kg in underground salt caverns.
The solar energy will be generated from Vesper’s 500 MW Hornet Solar project in west Texas.
PPA prices have been rising steadily since the end of last year and, according to solar developers, interconnection delays, permitting challenges, and supply chain constraints are likely to keep them high.
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