The latest round of financing brings the total raised in 2016 to $165 million, which allows the company to pursue an aggressive growth strategy moving forward.
The Boston-based solar developer, founded in 2016, purchased the significant project pipeline to establish itself as a national player in the U.S. solar market.
Just because the calendar turned to 2017, however, doesn’t mean the utility is planning to slow down its solar acquisition. It’s seeking to add at least 460 MW this year as well.
The two projects, named Astoria and Astoria 2, could power 40,000 homes with clean energy from the 175 MW they produce.
The 40-MW Red Rock Solar Plant, developed, owned and operated by Arizona Public Service will supply power to Arizona State University and PayPal.
GameChange Solar is about to ship 6 MW of PV to an unidentified island in the Caribbean, helping the region recover from the widespread damage wrought by Hurricane Matthew late last year.
In 2016, the industry maintained its status as the largest electricity-generation employer by a factor of two.
The Valentine Solar Project, located in Kern County’s Mojave Desert, is expected to start selling electricity to Southern California Edison in 2019.
While much of this decline is due to lower system costs, it was a difficult year for the solar industry despite a 20% growth in installation capacity.
The renewable energy procurement company’s “PowerBloks” give C&I customers the ability to buy power on more flexible terms.
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