Tag: utility

  • CIT Group leads $416 million financing for gigantic 379-MW solar project in Texas

    Insert requisite “everything is bigger in Texas!” line here. CIT Group’s Power & Energy business coordinated a $416 million debt financing to support Longroad Energy’s 379-megawatt Prospero solar facility to be built in Andrews County, Texas. Since its founding, Longroad has fully developed approximately 1,000 MW of wind and solarRead More — Solar Builder magazine

  • CIT Group leads $416 million financing for gigantic 379-MW solar project in Texas

    Insert requisite “everything is bigger in Texas!” line here. CIT Group’s Power & Energy business coordinated a $416 million debt financing to support Longroad Energy’s 379-megawatt Prospero solar facility to be built in Andrews County, Texas. Since its founding, Longroad has fully developed approximately 1,000 MW of wind and solarRead More — Solar Builder magazine

  • The largest U.S. electric cooperative is adding an energy storage system

    Aggreko, the world’s leading provider of mobile and modular power solutions, has signed an agreement with Pedernales Electric Cooperative (PEC), the largest electric cooperative in the U.S., to install and commission the utility’s first-ever battery energy storage system: a 2.25 MW / 4.5 MWh project in Johnson City, Texas. AggrekoRead More — Solar Builder magazine

  • Alabama Municipal Electric Authority, Lightsource BP developing 130-MW solar project

    Alabama Municipal Electric Authority (AMEA) and Lightsource BP announced the development of a 130 MWDC / 100 MWAC solar energy project in Montgomery County, Ala. Lightsource BP will finance, develop, build, own, and operate the solar facility and will deliver energy to AMEA under a 20-year power purchase agreement (PPA).Read More — Solar Builder magazine

  • SEPA poll: Nearly 75 percent of battery providers report regulatory barriers to market

    The Smart Electric Power Alliance (SEPA) recently surveyed more than 1,500 industry professionals to publish the first power technology market gap analysis, 2019 Grid Integration Insights. The analysis covers solar, EV infrastructure, microgrids, DERMS, advanced inverters and battery storage technologies, and identifies the largest pain points with grid integration processesRead More — Solar Builder magazine