The financing includes a $125 million tax credit sale for Gemini, one of the largest solar-plus-storage facilities operating in the U.S.
The utility-scale solar developer of the Gemini solar project in Nevada and other major projects announced Rabobank closed a revolving credit facility.
Also on the rise: Yotta Energy secures $16.5 million in funding, lands Air Force base microgrid deal. California solar bill would extend access, savings to renters and low-income families. Standard Solar and Acadia Energy partner on solar project that repurposes industrial land. Utility scale solar inverters need improved commissioning and upkeep. Fire crews in Chandler, Arizona sent robots into a building at the Salt River Project where a 10 MW battery was smoldering.
Also on the rise: SolaREIT closes $100 million securitization with Nuveen. Fort Riley gets 350 more solar installations on housing. Supply and construction partners selected for Gemini solar project. Mitrex releases the Solar Brick, a BIPV facade.
Here’s this week’s gigawatt of big solar project news.
Contending with congress, video zombie noises and chemistry with Ranking Member Paul Gosar, Nextracker CEO Dan Shugar testified, “The rules are broken — it takes far too long to get solar projects approved — over three years.”
The Oakland-based developer is focused on solar-plus-storage and will be developing the massive, new 690 MW Gemini solar project with its 380 MW/1,400 MWh lithium-ion battery.
Historic, archeological, and environmental issues have been mitigated. About 70 desert tortoises are being relocated during construction — and the project is full-speed ahead for developers Arevia Power and Solar Partners XI.
The number of large solar projects (say, 100 MW and bigger) is rapidly increasing in the U.S. — and pv magazine is keeping track. We’ve rounded up this week’s big news in big solar.
The project, expected to be the largest in the country upon completion, has been delayed after the Bureau of Land Management missed the date to decide the project’s historical impact assessment.
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