Tag: financing
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Grasshopper Solar adds 278-MW solar project portfolio in Pennsylvania from Glidepath Ventures
Grasshopper Solar, a global developer and asset owner headquartered in Canada, acquired a 278 MWdc portfolio of solar projects in Pennsylvania from Glidepath Ventures. Once operational, the portfolio will nearly double the amount of solar assets currently operating in Pennsylvania. Glidepath Ventures is an early-stage energy project development firm. FoundedRead More — Solar Builder magazine
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Low-income solar provider PosiGen poised to keep growing with new debt facility
PosiGen, a residential solar and energy efficiency provider for low-to-moderate income families (LMI), nailed down a new debt facility that, along with the Connecticut Green Bank, means a combined $100-million facility to provide solar systems and energy efficiency upgrades to LMI homeowners in Connecticut and New Jersey. The debit facilityRead More — Solar Builder magazine
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Soltage raises debt facility for 110-MW, six-state solar portfolio via Fifth Third Bank
Independent power producer Soltage raised a $142 million senior construction-to-term credit facility with Fifth Third Bank, National Association to fund a 110-MW solar portfolio of utility-scale solar assets across six states: Oregon, Illinois, Massachusetts, Rhode Island, North Carolina and South Carolina. Fifth Third served as Administrative Agent and Lead ArrangerRead More — Solar Builder magazine
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SDC Energy launches cool investment fund to build commercial PV systems that benefit non-profits
SDC Energy, a bespoke investment firm specializing in renewable investments, launched the SDSF Solar Fund IV for private investors, family offices, and financial advisers. What’s cool about this fund is how it leverages solar incentives to offset investors’ taxes through financing commercial photovoltaic projects for non-profits, which are not eligibleRead More — Solar Builder magazine
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City of Charlotte uses Duke Energy’s GSA program to negotiate a 35-MW solar project
The Charlotte City Council voted Monday evening to participate in the Duke Energy Green Source Advantage (GSA) Program, which allows large energy users to negotiate contracts with solar developers to meet sustainability and renewable energy goals. An earlier pilot version saw Google and Cisco adopt the program. In this case,Read More — Solar Builder magazine