The acquisition improves CleanCapital’s position in the rapidly-consolidating market share of the top commercial solar asset owners.
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.
The sale enables SunPower to focus on growing its residential business, while TotalEnergies will advance its distributed generation activity in the US.
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.
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.
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
Sol Systems will own and operate the portfolio and will work with energy developer Tenaska to develop and construct the projects.
The 6.5MW South Street solar project, has a power purchase agreement in place with Middlebury College, and will meet 30% of the College’s annual electricity demand.
Also on the rise: Nitricity’s plasma reactor produces fertilzer with solar energy. Standard Solar acquires community solar project in Maryland. SIRC expects to realize big revenue boost from seven acquisitions. CS Energy deploys trackers in the Northeast, a region not known for tracker deployment.
New community solar farm brings Maryland closer to achieving its goal of 50% energy from renewables by 2030.
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