Category: Solar Power & Energy
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Spruce Financial closes $208 million secured senior financing of its owned residential solar assets
The revived Spruce Finance, focused now as an owner and operator of distributed generation solar and residential energy assets, just announced the closing of a $208 million senior secured financing of its residential solar assets. The debt financing gives Spruce access to competitively priced capital, further optimizing its capital structureRead More — Solar Builder magazine
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IEEFA: The solar investment tax credit should be extended for vulnerable coalfield areas
The federal solar tax credit should be extended by at least four years in coalfield areas, like the ones around the Navajo Generating Station (NGS) and Kayenta Coal Mine in Arizona, according to a briefing note released by the Institute for Energy Economics and Financial Analysis (IEEFA). “Scheduled curtailment ofRead More — Solar Builder magazine
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Virginia SCC approves 11 programs proposed by Dominion for energy efficiency, demand response
The Virginia State Corporation Commission (SCC) approved a portfolio of 11 new energy efficiency (EE) and demand response (DR) programs proposed by Dominion Energy Virginia. The portfolio includes programs utilizing an array of advanced energy technologies and services, including residential customer engagement, smart thermostats, and lighting systems and controls. TheRead More — Solar Builder magazine
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Panasonic parts ways with Coronal Energy, sells to Lincoln Clean Energy
U.S. renewables developer Lincoln Clean Energy (LCE), a subsidiary of Ørsted, has acquired the development business of Coronal Energy, a developer focused on utility-scale solar and energy storage projects, from Panasonic. The acquisition includes its development team of experienced solar and storage personnel, as well as a significant pipeline ofRead More — Solar Builder magazine
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How a California mushroom grower reduced its energy costs by 60 percent with solar + storage
Hokto Kinoko, a grower and producer of mushroom superfoods in California, is going to reduce its energy costs by 60 percent thanks to a Revel Energy commercial solar + storage installation. “They were consuming a lot of electricity,” explains Martin Brix, Revel Energy VP of Solutions. “Solar power alone wasRead More — Solar Builder magazine