Finance

Wells Fargo provides tax equity financing for solar+storage project

Wells Fargo Renewable Energy & Environmental Finance closed tax equity financing for the Arroyo Solar and Storage project with D. E. Shaw Renewable Investments. Once operational, Arroyo – a 300 MWAC solar and 150 MWAC/600 MWh battery energy storage system facility developed in northwestern New Mexico – will be one of the largest solar and …

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Sunrise brief: EPC contractor buy expands Koch’s solar reach

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CIT Group lines up refinancing for 130 MW solar portfolio

CIT Group said that its power and energy business led the refinancing of a $69 million portfolio of solar facilities owned and operated by Strata Clean Energy. The portfolio includes 21 operating solar assets in North Carolina that total more than 130 MW of generation capacity. Output is covered by power purchase agreements. In late …

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Sunrise brief: Solar wins big as new transmission projects advance

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Mosaic passes milestone for solar funding; Welcomes new board member

Mosaic surpassed $6 billion in loans funded through the company’s platform. The milestone is significant in itself, but also indicative of the company’s rapid acceleration, as it passed the $5 billion mark just nine months ago. Mosaic states that it is dedicated to helping everyone transition to clean energy, and while the company initially provided …

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SunPower launches solar finance institution

SunPower announced the launch of SunPower Financial, a finance institution for residential solar projects. The company said the financial products arm will expand access to underserved communities through a new line of products with expanded eligibility. SunPower Financial offers a 0% APR for up to 25 years for qualified residential solar customers. The financing can …

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National Grid Renewables closes financing for 200 MW solar project

National Grid Renewables announced that it has closed $98 million in tax equity financing from Bank of America to support its Prairie Wolf Solar Project, a 200 MW project that began construction earlier this year in Coles County, Illinois. According to National Grid Renewables, Bank of America is the sole tax equity investor for the project and …

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Solar Panels

Sunrise brief: Milestones for residential solar in 2021

Also on the rise: A new EV battery factory in South Carolina, lithium-ion battery recycling company expands, solar module manufacturer Silfab and national installer Titan Solar strengthen partnership, more funding for solar on tribal lands, Apex Clean Energy inks deal with Wyerhaeuser, Shell buys storage and energy company Savion.

GameChange Solar receives $150 million investment by Koch Strategic Platforms

Racking and tracker specialist, GameChange Solar Holdings Corp., received an investment of $150 million from Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group. KSP has focused on energy transformation investments with strategic investments in companies that it believes are market disruptors. Recently, for example, KSP announced investments in the battery value chain and …

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