Tag: financing
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SunVest Solar secures $154 million in financing for 56 MW in solar projects
SunVest Solar LLC has closed $154 million in debt facility and tax equity to support the construction and operation of 56 MW in solar projects in Illinois, Maine, Minnesota and Wisconsin. Construction will take place on a staged basis throughout 2023, with construction already underway at 10 projects across all four states. The portfolio will be owned and operated by……
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VPPs are an emerging investment asset class
The fast pace of recent solar + storage-based virtual power plant (VPP) rollouts across the country is leading to the emergence of new asset class for institutional investors, say players in the field. Virtual power purchase agreements (VPPA) have all the security of a traditional utility PPA, but depending on the system design, the benefits……
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First of four Silicon Ranch, TVA solar projects breaks ground at DENSO facility
Independent power producer Silicon Ranch broke ground on a new solar facility at auto part maker DENSO’s Maryville, Tenn., location. This solar farm is the first of four solar production facilities the IPP plans to bring online in Tennessee Valley Authority (TVA) territory. “Part of what makes these solar facilities so special is that every……
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Tech CU to fund another $2.5 billion in residential solar loans via Sunlight Financial
Tech CU, a Silicon Valley-based credit union, has committed to fund another nearly $2.5 billion in residential solar and storage systems sold via the Sunlight Financial platform (Orange) and installed by Sunlight partners over the next three years. This expands upon a long-term partnership between Sunlight and Tech CU that beganRead More — Solar Builder magazine
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SunPower offering lower APR loans for residential solar + storage systems
SunPower Corp. announced super low Annual Percentage Rate (APR) loans for residential customers looking to buy either the solar-only Equinox system or SunVault battery storage. The company’s new offerings include rates as low as 0.99% for a 15-year loan and 1.99% for a 25-year loan and are offered through Technology Credit UnionRead More — Solar Builder magazine