The new funds will allow the company to accelerate the scaling of its panel-level solar-plus-storage system, develop new technology, and increase its headcount.

The milestone occurred just months after Mosaic achieved $6 billion in loans funded and reduced pricing across its entire suite of solar loan products.

The deal expands the two companies’ supply agreements to over 3 GW and will enable Leeward to develop 18 new solar facilities in its 20 GW US solar development and construction pipeline through 2024.

The partnership will bring solar, battery storage, and EV charging solutions across Stream’s development pipeline of over 40 million square feet, equivalent to over 450 MW of on-site solar and battery storage projects.

The 26 MW Sunbank solar and storage project in Summerside, PEI will also feature a 10 MW battery storage system and is expected to reduce the city’s imports of electricity from 58% to 38%.

The decision has been lauded as one that could lead to much-needed upgrades to the nation’s electrical grids, updates that would enable higher penetrations of renewable resources.

The 7 MW installation is part of a larger 70 MW portfolio in Maine, purchased by Goldman Sachs in late 2021.

The proposals are for Innergex’s 200 MW Palomino Solar Energy Project and EDP Renewables’ 200 MW/800 MWh Flint Grid battery energy storage facility.

The facility will use state of the art low-carbon steel manufacturing to deliver multi-GW of solar tracker capacity annually.

Job moves in solar, storage, cleantech, utilities, and energy transition finance.