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Acquisitions

Aspen Power secures $120 million, 200MW of distributed and community solar

The developer is active in community solar, multifamily, commercial, industrial, and rooftop markets.

Utilities are investing in renewables more than ever before to improve their ESG profiles

Ernst & Young’s 2021 report detailing transactions in power and utilities shows a higher focus on ESG initiatives and renewable deals across the country’s utilities.

Sunrise brief: Schneider Electric purchases controlling stake in EnergySage

Also on the rise: Perch Energy to bring community solar to Massachusetts. US start-up mPower Technology is scaling up its flexible crystalline silicon solar module technology for spatial and terrestrial applications. Popular mid-Atlantic restaurant and convenience store chain, Sheetz, has come to a long-term renewable energy supply agreement with Constellation. Ohio regulators approve 325MW solar project. The Massachusetts Solar Technical Assistance Retrofits program has committed to 3MW of development. Despite Q4 loss, REC Silicon has big plans for US polysilicon manufacturing.

Schneider Electric purchases controlling stake in EnergySage

The acquisition is expected to enable EnergySage to develop new solutions for high-efficiency HVAC, smart home devices, and other clean energy products and services.

CleanCapital acquires 65MW solar portfolio spanning 12 states

The acquisition improves CleanCapital’s position in the rapidly-consolidating market share of the top commercial solar asset owners.

Sunrise brief: The U.S. Army commits to using 100% clean electricity by 2030

Also on the rise: CommonBond enters solar finance market, hoping to lower costs. SunPower sells C&I business. BloombergNEF’s Jenny Chase says solar offers reasons for hope. NREL develops next-generation CSP. Greenbacker adds to solar portfolio. EV charging networks gets a boost. Nautilus grows community solar portfolio. Nature Conservancy releases Site Renewables Right map.

SunPower sells Commercial & Industrial Solutions business to TotalEnergies

The sale enables SunPower to focus on growing its residential business, while TotalEnergies will advance its distributed generation activity in the US.

Greenbacker expands into Washington with solar portfolio purchase

The three 6.7MW projects are Greenbacker’s first assets in Washington, and all of the projects have long-term power supply agreements in place and completion projections for later this year.

Greenbacker acquires 16MW Massachusetts rooftop portfolio

The 16 installations in the portfolio all entered operation between the third quarter of 2018 and the second quarter of 2020, and each has an offtaker contracted for its generation.

DSD Renewables acquires 45MW of Massachusetts community solar and storage

The 45MW of solar and 88MWh of battery energy storage will operate under Massachusetts’ SMART and Low Income Community Shared Solar programs, providing electricity bill credits to low-income subscribers

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