CIT arranges $50 million New York community solar investment with Amp Energy
The company announced it served as lead arranger in $50.5 million in financing for Amp Energy’s construction of 34 MW of solar in the state.
Pine Gate secures $500 million for utility-scale solar development
The loan will be used to expand the company’s solar portfolio through both originated and acquired projects, as well as allow the company to move towards its long-term growth goals, according to Pine Gate.
8minute energy closes $400 million in financing from EIG
EIG’s investment enables 8minute to grow its portfolio and focus on innovation, which includes building smart solar power plants with integrated energy storage.
OYA Solar receives additional investment to accelerate company growth
Proceeds of the expanded investment will be used to accelerate the development and construction of OYA’s 3 GW+ pipeline across the Northeast and mid-Atlantic and to fund acquisitions.
Supply chain constraints continue to drive up solar contract prices
Supply chain disruptions, spiking commodities costs, land use permitting uncertainties, and overwhelmed interconnection queues are driving up PPA costs and making supply scarce, but new buyers could bring innovative solutions to alleviate this stress in 2022.
Sunrise brief: U.S. House Committee questions TVA on “hindering” distributed solar
Also on the rise: Maine utility offers settlement for faulty processes. Yotta and Cal Solar Inc. team up on distributed energy to meet California mandate. Day two of Intersolar/Energy Storage North America. Largest Indiana solar park completed. Virtual power plants offer Texas renters low-cost clean energy. Q Cells and KSI to develop solar and storage projects.
BIPV window coating maker Ubiquitous Energy secures $30 million funding round
The California-based manufacturer has now raised a total of $70 million to scale its technology.
Q Cells partners with KSI for solar and storage project development and financing
Q Cells’ Grid Equity financing product will be offered for select battery energy storage systems (BESS).
Sunrise brief: Solar panels, racking and inverters stationed on Tesla’s gigafactory roof offer a glimpse of the project underway.
Also on the rise: LBL report looks at compensating customers for grid-connected batteries. Supply chain problems that drove up costs of solar power equipment will ease in 2022. Efforts to retrieve lithium from geothermal brine increasing in popularity. Encore Renewable Energy, The Brattle Group, ACORE and others announced new hires.
Lightsource bp closes financing on 135 MW solar project in Arkansas and 345 MW solar project in Louisiana
Financing for both projects was facilitated by power purchase agreements. For the Arkansas project, the agreement is with Conway Corp. and for the Louisiana project the agreement is with McDonald’s and eBay.
