Proceeds of the expanded investment will be used to accelerate the development and construction of OYA’s 3 GW+ pipeline across the Northeast and mid-Atlantic and to fund acquisitions.
Also on the rise: Nitricity’s plasma reactor produces fertilzer with solar energy. Standard Solar acquires community solar project in Maryland. SIRC expects to realize big revenue boost from seven acquisitions. CS Energy deploys trackers in the Northeast, a region not known for tracker deployment.
New community solar farm brings Maryland closer to achieving its goal of 50% energy from renewables by 2030.
Also on the rise: Maine utility offers settlement for faulty processes. Yotta and Cal Solar Inc. team up on distributed energy to meet California mandate. Day two of Intersolar/Energy Storage North America. Largest Indiana solar park completed. Virtual power plants offer Texas renters low-cost clean energy. Q Cells and KSI to develop solar and storage projects.
The new Texas-based community virtual power plants are planned to offer renters a low-cost clean energy source and the ability to mitigate the impact of blackouts with grid-independent backup power.
Three of the four projects financed under this agreement are already completed and in service, with the fourth expected to join by the end of Q1 2022.
House Bill 1814 places a focus on expanding the opportunities for low-income residents to realize the benefits of renewable energy through the installation of community solar projects throughout the state.
Also on the rise: Aerial inspection and site data service provider, Heliolytics, acquired by NovaSource. Solar panel recycling firm teams up with Solaris. Investment gets Texas PV developer IndustrialSun ready for launch. Community solar moves forward in Illinois. International team of researchers develop solar-powered hydrogen energy platform.
The capacity was awarded under the Illinois Adjustable Block Program, which was approved in September, after months of industry stagnation.
Nearly 10 GW of new utility-scale solar were added through the first 10 months of 2021, a record amount of capacity additions over that time period.
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