Construction of the 14 projects in the portfolio is expected to begin this year.
Mercom Capital reported the U.S. invested $9.2 billion of venture capital in energy storage in 2023.
The company purchased distributed solar and storage projects across the United States, including in New York and California.
The company offers financing for small to medium-sized businesses investing in solar.
The community solar specialist expands its footprint into the Midwest with the acquisition of this 75.6 MW portfolio.
The 9.9 MW commercial solar project acquired from EDF Renewables North America expands the Standard Solar portfolio to 23 states.
Once the acquisition is complete, Sunbug will operate under the ReVision brand, serving New England customers with all electric technology including solar, heat pumps, EV chargers, heat pump water heaters and battery storage.
Majority holder Flex plans to spin off its remaining interests in Nextracker. Plus, the company raised its earnings guidance for 2024.
Also on the rise: TotalEnergies adds a 280 MW Texas solar facility to its portfolio. Sunnova misses on Q3 earnings, posts sunny forecast for 2024. And more.
As part of Brookfield, Deriva has 5.9 GW of clean energy assets operating and under construction.
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