Emeren Group specializes in community and utility-scale solar and energy storage project development, construction and financing.
The portfolio includes three solar projects and an energy storage project across the ERCOT and Miso regions.
The merger stands to be the largest pure-play community solar acquisition in the U.S.
Under a “higher for longer” interest rate environment, renewable energy project M&A have shifted away from the “scattershot” approach of a formerly cheap capital environment to a more cautious approach, said a report from LevelTen Energy.
Medicine Hat, Alberta decided to drop a 325 MW solar project planned to be installed on contaminated lands down to 75 MW.
Brookfield Asset Management agreed to purchase National Grid’s renewable energy business, including its utility-scale solar, onshore wind and battery-storage U.S. assets.
TPG acquired the business through its Rise Climate investment platform. Upon approval, the company will transition from a publicly-traded business to a privately-held one.
The independent power producer acquired utility-scale solar projects in Colorado and Virginia.
Also on the rise: Clean hydrogen set for commercial liftoff by 2030. $50 billion solar land boom in Texas. And more.
Wholesale electricity prices were lower in 2024 than 2023, with less price volatility, as solar and battery energy storage expands, and lower natural gas prices stabilize major markets in the U.S.
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