Tag: financing
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EDF Renewables’ Morris Ridge Solar Project receives long-term contract from NYSERDA
The New York State Energy Research and Development Authority (NYSERDA) awarded a long-term contract to the 212 megawatt (MWdc) / 170 MWac Morris Ridge Solar Project as part of the 2018 Renewable Energy Standard Solicitation. The project, sited on approximately 1,000 acres in the Town of Mount Morris, south of theRead More — Solar Builder magazine
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CleanCapital buys 13-MW solar portfolio from General Energy Solutions in Indiana, Ohio
CleanCapital acquired a 13.2 MW solar portfolio from General Energy Solutions USA, comprised of sites in Indianapolis and Columbus, Ohio. CleanCapital now owns and operates 108 solar sites in 11 states ranging in size from 25 kW to 12,600 kW. The company’s partnerships with CarVal Investors, BlackRock, and other institutionalRead More — Solar Builder magazine
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PosiGen to expand solar leasing program thanks to new credit facility
PosiGen, a provider of renewable energy and efficiency solutions for low-to-moderate income households, announced a new credit facility provided by LibreMax Capital, a New York based asset management firm, in conjunction with the Connecticut Green Bank and Inclusive Prosperity Capital. The three-year, $90 million credit facility will allow PosiGen toRead More — Solar Builder magazine
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Mercom: Solar sector sets record for project acquisitions in 2018 as total corporate funding drops
Mercom Capital Group’s annual report on funding and merger and acquisition (M&A) activity for the solar sector in 2018 shows a 24 percent drop in total global corporate funding compared to the $12.8 billion raised in 2017. “2018 was a year filled with uncertainties which started with Section 201 tariffsRead More — Solar Builder magazine
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Philadelphia to offset 22 percent of government building electricity costs via solar PPA
Developer Community Energy Inc. announced the approval of a 70-MW solar Power Purchase Agreement (PPA) in Adams County, Pa, to power government facilities in Philadelphia. The solar farm, named Adams Solar LLC, will produce enough electricity to operate 22 percent of Philadelphia government buildings by 2020. The project is theRead More — Solar Builder magazine