Tag: financing
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Pristine Sun nabs $250 million private equity investment to fund 5 GW in solar projects
Pristine Sun Corp. has announced a $250 million capital commitment from strategic private equity and family office investors to develop renewable energy projects. The equity commitment will allow Pristine Sun to develop, finance and build up to 5 GW of its solar projects, depending on the capital stack structure. The capital commitment will support Pristine……
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SolaREIT secures $15 million revolving credit facility with Atlantic Union Bank
Virginia-based solar real estate investment firm SolaREIT has closed on a $15 million revolving credit facility with Atlantic Union Bank (AUB). This line of credit provides the company with additional finances to continue grow its business and to efficiently use its securitization facility established in 2021 with Nuveen/TIAA CREF. SolaREIT represents an innovative model in……
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SunPower works with three builders on new multifamily solar install deal
SunPower Corp. is growing its multifamily solar business — one of the trickier segments for deploying solar PV systems — with three builders signed on to include SunPower solar systems on upcoming new-builds. “Families renting in apartments or other multiunit complexes can benefit tremendously from lower electricity bills, especially as utility rates continue to rise,”……
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Linea Energy receives capital commitment from EnCap to accelerate renewable energy projects
Linea Energy has secured a significant capital commitment from EnCap Investments LP, a leading provider of growth capital to the independent sector of the U.S. energy industry. The investment positions Linea to execute on its growth strategy of accelerating the decarbonization of the U.S. electricity grid through developing, owning and operating utility-scale wind, solar and battery……
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Report: Price increases slow for U.S., European renewables amid rising interest rates and shifting policy
The price of Power Purchase Agreements (PPA) grew at a slower rate in the fourth quarter 2022, as rising interest rates and supply chain constraints continued to impact renewable financing markets, according to Edison Energy’s Q4 Renewables Market Report. Solar PPA prices in the United States grew a modest 4% in Q4, compared to a……