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.
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.
The EPC firm deployed several projects, averaging about 25 MW, in a region that deploys tracker projects at a lower rate than the national average.
Also on the rise: Largest Swedish solar developer opens U.S. headquarters. Discover Battery launches LFP battery system at Intersolar. Department of Justice appeals ITC Section 201 ruling. PanelClaw’s flat roof trackers to be distributed by BayWa r.e.
Also on the rise: Solar Games kicks off at Intersolar. Cornell researchers uncover New Yorkers’ preferences for solar locations. Enphase sees spike in microinverters plus storage in Colorado. NextEra adds 100 MW battery to SRP Arizona project. TerraSmart experts talk ground screw vs. piles for utility and C&I projects. Andy Sendy of SolarReviews offers an alternative to NEM 3.0.
Cornell Researchers found that upstate New Yorkers prefer rooftop solar to community solar under 50 acres, and opinions are split 50/50 over large scale ground mounts. The distaste for utility-scale solar is strongest when converting forests, public lands, and productive farmland.
Also on the rise: Department of Commerce to rescind its review of the countervailing duty order on solar cells from 48 companies Chinese companies. Florida utility turns pallets and cardboard into mulch, saving millions. Standard Solar acquires operational solar plant in Idaho. Four New York community solar projects receive financing.
Three of the four projects financed under this agreement are already completed and in service, with the fourth expected to join by the end of Q1 2022.
Also on the rise: Renewables forecast to provide 50% of power capacity in the U.S. by 2050. A close analysis of the new distributed solar policy in New York reveals just what it will cost residents. Appalachian Power reveals short-term energy plan in keeping with Virginia Clean Economy Act. New Mexico community solar act to be finalized in April.
The New York’s Governor’s Office has submitted its financial proposal for 4 GW of distributed solar capacity by the year 2030, at an expected cost of $0.00082/kW.
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