Tag: financing
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Sunnova Energy sees 30 percent increase in customer base in 2019
Sunnova Energy‘s financial results for the fourth quarter and full-year 2019 show a customer base increase of 30 percent and an increase in storage attachment rates due to customers seeking more resilient sources of energy to combat severe weather events and unreliable electricity grids. Sunnova SunSafe is now available in 16 markets.Read More — Solar Builder magazine
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JPMorgan Chase commits to more clean energy and less coal, oil and gas funding
During its Investor Day today, JPMorgan Chase announced a slew of clean energy commitments while also placing restrictions on any further coal and Arctic oil and gas funding. This announcement follows similar commitments made by a number of European banks and by Goldman Sachs, the first U.S. bank to announceRead More — Solar Builder magazine
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CIT leads $140 million financing for esVolta utility-scale energy storage portfolio
CIT Group‘s Power and Energy business served as lead arranger for a $140 million financing for esVolta, a leading developer of utility-scale energy storage systems for renewable energy projects. The portfolio consists of more than 136 megawatts of energy storage units supporting eight energy projects in California. esVolta has long-termRead More — Solar Builder magazine
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CVE North America ready to construct six solar plants in Massachusetts
CVE North America and AVANA Capital closed construction financing totaling $57 million for a 31.3 MW portfolio of six solar PV plants in Massachusetts, which qualified for the state’s SMART program. Principals of the NextPower Capital team served as Financial Advisor to CVE on the transaction. CVE North America isRead More — Solar Builder magazine
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SOLCAP regional bank-focused tax equity fund closes first solar portfolio with Pine Gate
KeyState Renewables, LLC and Corner Power, LLC launched SOLCAP I LLC, a solar tax equity fund for community and regional bank investors in Q4 2019. The fund had its initial closing on February 6, 2020 and will remain open to additional tax equity investors until mid-March 2020. SOLCAP also announcedRead More — Solar Builder magazine