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.
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 solar energy will be generated from Vesper’s 500 MW Hornet Solar project in west Texas.
Also on the rise: REV Renewables gains a South Korean investor, Distributed Solar buys a community solar portfolio, and researchers investigate LID triggers in solar cells.
The deal will include a $300 million to $400 million investment to support REV’s portfolio of renewable power and energy storage projects.
Six of the projects are set to be constructed in New York, while another three will be in Maryland.
Also on the rise: SolRiver Capital buys an Oregon solar development portfolio, Swell Energy expands its distributed power plant model, and a shift in focus is coming to a DOE loan program.
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