The developer said this latest investment capitalizes on the accelerating growth in the commercial and industrial solar market.
NovaSource Power Services in 2020 took over the operations and maintenance businesses of SunPower and First Solar.
The debt will be used to finance commercial and industrial projects and distributed generation assets, and will accommodate multiple tax equity partnerships and structures.
The deal includes the Rabbitbrush, Madison, Oak Trail, Horizon, and Ridgely projects, which are expected to start construction in the next two years, and the 30 MW Barilla Solar project, which is operational.
The Spanish energy company bought developer Hamel Renewables, whose project portfolio includes 8 GW of solar and 4.6 GW of energy storage.
The shareholders have filed a lawsuit alleging that Esdec concocted a plan to defraud them and has been avoiding buyout payments.
The company and the county agreed through a virtual power purchase agreement to offtake generation from Dominion Energy’s upcoming 120 MW solar facility in Virginia.
Despite a slow start and a downturn in venture capital and private equity funding, total funding saw a significant rise, including the largest amount of projects acquired in a single year to date and the largest amount of securitization financing ever in a year.
Also on the rise: More BESS is coming to ERCOT, Peck Company acquires iSun Energy, Enphase and Sunnova expand their business ties, and a New York community solar project gets a new owner.
The fast-food Giant has signed three new virtual power purchase agreements for two wind farms and a solar project totaling 750 MW, building on last year’s addition of 380 MW of renewables.
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