The renewable energy investor says that the taking TerraForm off SunEdison’s hands could allow the company to recover.
The German company announced that it has secured USD 85 million in growth capital, some of which came from two new partners, which will help the company consolidate its healthy position further in the booming energy storage market.
Under the terms of the agreement, expected to close in the fourth quarter, Recurrent Energy will lease the land from Landmark for four utility-scale solar PV projects.
A subpoena from the federal financial regulator adds to an ongoing Department of Justice investigation in the list of the company’s legal troubles.
The moment of truth is coming for the consolidation of Elon Musk’s clean energy empire.
Mercom Capital’s Q3 report shows a significant increase in investment levels from last quarter, but funding is still down across the board compared to a year ago.
It’s a complicated time in the U.S. solar industry, with a booming market for utility-scale solar and increasing public interest, but also collapsed PV module prices and shifts in production.
Goldman Sachs, Global Atlantic Financial Group and Blackstone subsidiary bet heavily on Altus’ future as a solar developer.
This combination of tax equity and debt financing will support 339 MW of solar capacity in Southern California, for a total of $2.32 per watt.
Scatec Solar’s Red Hills solar project is MREH’s eight solar facility.
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