Major U.S. corporations embracing community solar
The Coalition for Community Solar Access (CCSA) noted that household names such as Microsoft, Google, Walmart, Starbucks, Rivian, Wendy’s, and T-Mobile are just a few of the Fortune 500 companies that have signed agreements with community solar developers.
Sunrise brief: Community solar provider secures over half-billion-dollar investment
Also on the rise: Virginia governor signs legislation establishing community solar. How safe are LFP batteries? And more.
Community solar provider secures over half-billion-dollar investment
Nexamp secured a $520 million capital raise. It serves nearly 80,000 customers nationally and has a $2 billion investment strategy in Illinois.
Sunrise brief: Nexamp orders 1.5 GW of Heliene solar modules
Also on the rise: Highway-side solar in three California counties can power 270,000 homes. Summit Ridge Energy to develop six rooftop community solar projects in Maryland. And more.
Nexamp orders 1.5 GW of Heliene solar modules
The modules will support the construction of about 400 new community solar projects.
50 states of solar incentives: Hawaii
Solar represents 17.25% of the island state’s power mix. At the end of 2022, Hawaiian Electric had achieved 32% of its renewable procurement standard goal of becoming fully renewable powered by 2045.
Sunrise brief: California targets over 400% growth in clean energy by 2045
Also on the rise: New standard for ultra-low carbon solar modules released. Terrain-following tracker with a pneumatic twist. And more.
Community solar developer Nexamp secures over $400 million in financing
Led by U.S. Bancorp and Mitsubishi, the tax equity and debt commitments are expected to enable the company to support the construction of 49 solar and energy storage projects.
Illinois hospital network signs up for community solar
A multi-hospital network in Carbondale, Ill., signed up for long-term community solar agreements with three Nexamp projects in Illinois providing about 6.5 MW apiece.
U.S. energy storage market set for take off
The U.S. Inflation Reduction Act (IRA) is set to ignite the energy storage market in 2024, as analysts expect up to 65 GW/260 GWh of projects through 2026. The outlook is for battery project sizes to increase as the pipeline takes shape.
