Tag: projects
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Duke Energy places advanced microgrid into service in Hot Springs, N.C.
Duke Energy has placed into service one of the nation’s most advanced green microgrids in the Madison County town of Hot Springs, North Carolina. The Hot Springs microgrid consists of a 2 MWac solar facility and a 4.4 MW lithium-based battery storage facility. The microgrid not only provides a cost-effective and reliable grid solution for……
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ComEd, Summit Ridge completes 75th community solar project in northern Illinois
ComEd and Summit Ridge Energy (SRE) have opened the 75th community solar development in ComEd’s service territory. The 2.495 MW Speedway Solar project, located 10 miles south of Joliet, Illinois, will provide more than 350 ComEd customers with access to solar energy and savings on their energy bills. “The completion of 75 community solar developments……
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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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Renewable Properties signs 30 MW in PPAs with PG&E for in community solar projects
Renewable Properties has signed power purchase agreements (PPAs) for five projects totaling almost 30 MW with Pacific Gas and Electric Co. (PG&E) to benefit disadvantaged communities. Renewable Properties is a developer and investor in small-scale utility and community solar projects based in San Francisco, while PG&E is California’s largest investor-owned utility. The projects will bring……