Tag: financing
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Feds release final rules on direct pay provisions in IRA
The U.S. Department of the Treasury and the Internal Revenue Service have released final rules on the direct pay provisions included in the Inflation Reduction Act (IRA). The tax credits are part of the Biden-Harris administration’s “Investing in America” agenda to help build projects more quickly and affordably. The IRA created two new credit delivery……
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USDA provides $2.3 billion to support renewable energy in rural communities
The U.S. Department of Agriculture granted $2.3 billion in funding for reliable energy infrastructure and renewable energy projects to rural communities across the country, driving economic development in rural areas and helping lower energy costs for rural Americans. A majority of the funding will support 39 projects to improve electric infrastructure in 21 states through the Electric……
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Lightsource bp secures $348 million for utility-scale projects in Texas | Solar Financing Spotlight
Lightsource bp is building two utility-scale solar projects in in Texas, totaling 288 MW. Meanwhile, Arevon and Strata Clean Energy have each secured loans for projects in California and Arizona, respectively. Learn more in this installment of the Solar Financing Spotlight. Lightsource bp has successfully closed on a $348 million financing package to support the……
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How Minneapolis nonprofit taps wealthy individuals to fund LMI solar installs
By Frank Jossi, via Energy News Network One installation at a time, a solar nonprofit that matches socially conscious investors’ cash with lower-income homeowners is spreading the benefits of solar in North Minneapolis. Solstar was formed three years ago by solar entrepreneur Ralph Jacobson following his retirement from IPS Solar, the pioneering Twin Cities’ solar……
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Arevon, Blackstone close $350 million financing for energy storage | Solar Financing Spotlight
Arevon Energy and Blackstone have paired up for a 200 MW / 800 MWh energy storage project. Meanwhile, Aggreko and 38 Degrees have secured financing to acquire projects. All that and more in this installment of the Solar Financing Spotlight. Renewable energy developer Arevon Energy Inc. and Blackstone Credit & Insurance (BXCI) have closed financing……