The Solvest-developed 1.76 MW project will sell power as an IPP for the next 25 years.
The solar project Caracoli was secured in a public auction, and the power will be sold via a 15-year power purchase agreement.
In its fourth renewables deal of the year, the Canada-based pension fund vehicle bought Navisun.
While still in the planning and development stage, the New Brunswick facility is targeted to enter service in 2024.
Energy Vault signed a $520 million deal to supply 1.6 GWh of energy storage to DG Fuels to produce renewable hydrogen and a variety of fuels.
The Canada-based renewable energy developer will use the funds to support four solar-plus-storage projects in Massachusetts.
The company’s second major project news of the fall also marks its entry into the US solar market.
The 230 MW Georgetown Solar Project is under development by Westbridge Energy Corp., and is expected to start construction as early as August 2022.
Also starting up: Edgehog secures funding for its self-cleaning, anti-reflective glass; and Maana Electric looks to the Moon for its shipping container-sized PV module factories.
The pumped hydro project aims in part to reduce the amount of electricity that is exported from Ontario to several U.S. states at a loss.
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