Oya Renewables secured $27.1 million in loan commitments from City National Bank and Greenprint Capital for the recently completed construction of 24.8 MW of community solar projects in western and northern New York state.
Also on the rise: Meta picks utilities based on solar potential at data centers. Sunnova files for $3.3 billion Department of Energy loan. And more.
Standard Solar acquires New Leaf’s solar project portfolio in New York and Massachusetts.
Nebraska, the Cornhusker State, ranks 13th on the sun index, but is nearly last in the country for solar installations.
Missouri has made headway for community solar to come online, while its utility solar market has over 613 MW of advanced construction projects due to enter commercial operations through 2025.
The senate-sponsored bill would enable residents and businesses to subscribe to offsite solar projects to receive a credit on their utility bills.
Also on the rise: Lessons learned from state community solar program caps. Meyer Burger shifting to 100% glass-glass bifacial. And more.
pv magazine USA reviews the variety of approaches states are taking to community solar program caps to suit their individual market and goals.
The California and New York portfolio is financed by Fund 8, Renewable Properties’ fourth tax equity fund partnership with Nelnet, a corporate tax equity partner that also has a solar engineering, procurement, and construction and operation and maintenance business.
Funding from construction-to-term loan and tax equity commitment to finance construction of 15 community solar development projects in New York State.
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