Category: New York
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sPower expands New York portfolio through 1-gigawatt acquisition
Renewable energy independent power producer sPower acquired nine solar projects in New York from National Grid Renewables, the renewable energy arm of National Grid’s competitive, unregulated division. The portfolio includes projects in Franklin, Jefferson, Chautauqua, Lewis, and other counties across Upstate New York. This portfolio is estimated to have a 1-gigawatt capacityRead More — Solar Builder magazine
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Nautilus Solar Energy closes financing with Credit Suisse for 14 community solar projects
Nautilus Solar Energy has closed a $95 million tax equity financing commitment with an affiliate of Credit Suisse. The facility will provide competitive long-term financing for 14 community solar projects across Rhode Island, Maryland, New York, and Minnesota, amounting to approximately 55 megawatts direct current of nameplate capacity. All projectsRead More — Solar Builder magazine
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OYA Solar inks $35 million deal with NY Green Bank for three community solar projects
OYA Solar secured $35 million in construction and interconnection financing from NY Green Bank, a state-sponsored, specialized financial entity and division of NYSERDA. The financing will support the construction of three community solar projects in New York state, the first of which, a 6.8-MW project in Constable, New York, isRead More — Solar Builder magazine
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Luxury brand CHANEL commits $35 million to low-income solar projects with Sunrun
In innovative renewable investment news, CHANEL (yes, that CHANEL) just committed $35 million toward solar energy projects for low-income multifamily households with Sunrun Inc. — a partnership will expand access to solar for nearly 30,000 low-income residents (30 MW) across California, offering families on average up to $40 to $50 aRead More — Solar Builder magazine