A big day for Massachusetts community solar, Generac acquires PIKA Energy: pvMB 4/29/19
Hello and thank you for starting your week with the pvMB. Today we’ll be checking out a PacifiCorp report that retiring 4 coal plants could save customers hundreds of millions, Renewable Envoy’s solar art installation, Yaskawa Solectria Solar achieving rapid shutdown and more, so buckle up!
John Hancock buys into Duke’s wind, solar and batteries
The insurance company has agreed to buy a minority stake in 48 wind, solar and battery assets, which will provide $415 million before taxes to Duke Energy.
Infrastructure fund snatches up Clean Energy Collective
One of the largest community solar companies in the industry has been bought up by North American Infrastructure Partners, as patient capital continues its solar buying spree.
NextEra: wind+solar+storage the “next phase” with 21 GW available
NextEra continues to show growth in both projects deployed and its pipeline of solar, wind and energy storage, with solar projects alone growing by 485 MWac.
Facebook brings more solar to Virginia & North Carolina
Dominion is building three solar projects and acquiring two more completed plants. Add in one recently completed, and the utility will be supplying 350 MWac to feed the tech giant’s desire for emissions-free electricity.
Duke is going to get a lot more solar
In the largest single-day announcement to date, Duke Energy has announced 14 projects to be built across the Carolinas, totaling 602 MW in capacity.
London IPO raises $200 million to invest in solar in the Americas
US Solar Fund has completed its initial public offering on the London Stock Exchange, raising $200 million with a goal to investing in $4.8 billion in utility-scale projects across the Americas.
Solar power investments mostly up on VC & debt as money pours into large-scale projects
Mercom Capital Group’s Q1 2019 Solar Funding & M&A report shows $2.8 billion in venture capital, public market and debt financing, versus $2.5 billion a year ago. Large-scale project financing reached a record $5.58 billion across 43 deals, while there were 18 solar corporate M&A transactions.
Energy storage’s increasingly investment grade status
SUSI Partners has purchased a 50% stake in Macquarie Capital’s 63 MW / 340 MWh distributed energy storage portfolio located in Southern California. Included as part of this purchase is the world’s largest virtual power plant.
Goldman Sachs to snatch up 233 MW of C&I solar from SunPower
The transaction both feeds the growing appetite of institutional investors for solar projects, and also provides SunPower with more cash.
