The portfolio is expected to reduce the cost of electricity for more than 10,000 households and provide an estimated 3,000 jobs.
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.
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Nexamp secured a $520 million capital raise. It serves nearly 80,000 customers nationally and has a $2 billion investment strategy in Illinois.
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.
The modules will support the construction of about 400 new community solar projects.
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.
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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.
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.
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