Tag: financing
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More sunlight reaches native solar development
The native solar energy development future has never looked so bright, so fast. Thanks in large part to the impact of the Inflation Reduction Act, tribes can tap hundreds of millions of dollars for new energy projects, along with large federal loans with easy terms. According to the White House, “The Inflation Reduction Act provides……
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Pivot Energy closes $200M in financing for 100 MW multi-state distributed solar portfolio
Pivot Energy has secured a ~$203 million financing facility to support a multi-state portfolio of distributed generation solar projects. Silicon Valley Bank (SVB), a division of First Citizens Bank, will lead the debt facilities, and Foss & Co. will make the initial tax equity investment. The 100 MWdc portfolio comprises 35 community solar and C&I projects planned……
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BayWa r.e. secures $115M credit facility to support late-stage solar+storage projects
BayWa r.e. has secured a $115 million credit facility with global financial services firm Nomura to support the development of utility-scale solar and solar+storage projects as it continues to grow its footprint in the U.S. clean energy market. The credit facility will initially support projects totaling 1.1 GW of solar and 188 MWh of battery……
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A new era for U.S. residential solar finance: ITC, loan market headwinds shaking up landscape
Last year was a record-breaking but chaotic year for the residential solar industry. The market installed 1,687 MWdc in Q4 to reach 5.9 GWdc of annual installed capacity, a remarkable 40% increase over 2021. The loan market continued its dominance of the past five years, achieving its largest volume of installed capacity. However, the segment……
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Castillo Engineering, BioStar Renewables join forces on 15 MW solar project in Kansas
Castillo Engineering has partnered with BioStar Renewables to provide electrical design and engineering for a 15 MW solar project in Kansas. This behind-the-meter project uses a single-axis tracker and will power a recently built renewable diesel plant with on-site clean energy year-round. Known as a provider of financing, engineering, procurement, construction and asset management services, BioStar Renewables has……