HASI has entered into a new structured equity investment JV with Pivot Energy to support the construction of 300 MWdc of distributed generation projects that Pivot is developing across the U.S. The portfolio consists of 96 projects, the majority of which are #communitysolar with the remaining being single off-take PPAs for commercial clients. The projects are expected to be operational within the next two years, located across nine states: California, Colorado, Delaware, Hawaii, Illinois, Maryland, Minnesota, New York, and Virginia. HASI's Senior Managing Director Daniela Shapiro said: “We admire Pivot's strategy and proven success in powering progress for local communities at scale, and we are are proud to partner with Pivot in this new JV to support their mission to increase equitable access to clean energy and cost savings for local communities." Read the press release: https://lnkd.in/ecDbzwa5 📷: Colorado community solar facility developed by Pivot Energy.
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Why did you choose to invest in SolarShare projects? This was a question we posed to members who have invested since 2022. Below you will see some of the answers from our membership that show why they joined SolarShare and invested in a brighter future for ALL in Wisconsin. There are many more reasons to #invest in SolarShare and we will be unveiling more information soon about another investment opportunity with SolarShare WI Cooperative that will help to fund up to 65 MW of #solar across the #midwest.
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North Sky Capital is accelerating into Autumn! In our Q3 Market Commentary we discuss the solar market’s continued dominance within the energy transition landscape and why we are seeing institutional investors playing more offense with infrastructure portfolio allocations. Growth of attractive continuation vehicles persists within the secondary market, and we share observations from the buyside for impact secondaries – it’s a good time to be a buyer! Sustainable Infrastructure Fund IV made its first investment – a series of energy storage projects – and has several actionable opportunities in the pipeline. Clean Growth Fund VI continues its diversified investments across smart grid, water, energy transition and other sectors. Danny Zouber was promoted to Co-CEO! You can read our Q3 2024 Market Commentary for more on the #sustainableinfrastructure and #impactsecondaries markets as well as the milestones our firm achieved over the summer: https://lnkd.in/e3cMTeK
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🚀 Ørsted has secured a $680 million tax equity investment from J.P. Morgan to propel its solar and storage projects in Texas and Arizona. 🌞🔋 Key Highlights: Investment: $680 million tax equity from J.P. Morgan. Projects: 300 MW solar + 300 MW storage at Eleven Mile Solar Center (AZ), and 250 MW Sparta Solar project (TX). Tax Credits: Utilizes combined PTC and ITC structure enabled by the Inflation Reduction Act (IRA). IRA Impact: Passed in 2022, the IRA allocates $370 billion to renewable energy and allows tax credit transferability. Commercial Operations: Both projects to commence this year. Partnership with #Meta: Supplying solar energy to #Meta’s Mesa data center from Eleven Mile Solar Center. J.P. Morgan’s Commitment: Builds on their investments in 1.8 GW of Ørsted's U.S. onshore portfolio. Together, we are driving the energy transition and fostering a sustainable future! 🌍✨ #RenewableEnergy #Sustainability #SolarPower #EnergyStorage #Investment #CleanEnergy #Innovation #JPMORGAN #Ørsted
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Quinbrook Infrastructure Partners is delighted to announce the successful closing of Quinbrook Valley of Fire Fund with $600 million in capital commitments from leading US and European institutional investors. The Fund is a continuation of the large scale solar+storage strategy of Quinbrook’s Low Carbon Power Fund which held its final closing in 2019. The Quinbrook Valley of Fire Fund has acquired 51% of the Gemini Solar + Storage project and 100% of the remaining Valley of Fire project development portfolio from the Low Carbon Power Fund and certain other equity holders. This successful closing underscores Quinbrook’s commitment to impactful renewable energy project development and new asset creation and its track record of pursuing strategies that seek to optimize returns for investors wanting differentiated exposure to the energy transition. Quinbrook is excited to welcome such well known and respected investors to Quinbrook, including lead investor Blackstone Strategic Partners and cornerstone investor Ares Management Infrastructure Secondaries funds. Read more: https://lnkd.in/eXRc7-cG Primergy Solar #infrastructure #energytransition
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Dive into our latest quarterly report where we explore the game-changing impact of solar energy on real estate valuation. From boosting property values to driving income growth, rooftop solar is reshaping real estate investment. Learn how solar adoption is accelerating, creating new opportunities for property owners to maximize returns while reducing their carbon footprint. In addition, don't miss our exclusive interview with industry veteran Sam Delisi, Operating Partner at strategic real estate venture fund Moderne Ventures (MV), offering valuable insights into solar's impact on asset management and property valuations. Read the blog: https://lnkd.in/e8Z-GSZf #SolarEnergy #RealEstateInvesting #Sustainability #Innovation #assetmanagers
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The demand for energy is growing, but the supply is not keeping up. How can developers and other stakeholders overcome the barriers and risks of delivering power to their commercial projects? We recently hosted a roundtable bringing together leading developers, asset managers and investors, as well as energy, planning, policy and legal experts, who explored specific power supply challenges faced by the real estate industry. Some of the key topics covered in part 1 of the discussion include: ⚡️ Grid access 🔄 Delivery of competing requirements 🏗️ Impact on construction, delivery and costs 📜 Planning policy reform ⚙️ Supply chain Read more about the roundtable and watch part 1 of the discussion here: https://lnkd.in/eQqwhyee Thank you to our panel for their time and valuable insights: Alan Somerville (Tritax Group), Angie Fenton (Quod), Chris Hollis-Thompson (Matrix Group), Edward Sargent (EDF Renewables / Pivot Power), Peter Henry (Harworth Group plc), Rob Wall (BPF), and Shoosmiths’ Chris Pritchett, James Needham and chair Kellie Hatton. Parts 2 and 3 will be published over the coming days, we'll be diving deeper into the role the real estate industry can have in delivering renewable energy generation, the power of collaboration, data sharing, and examples of innovative solutions that could help alleviate national capacity issues. #RealEstate #PowerSupply #SustainableDevelopment #EnergyandInfrastructure
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Power supply poses a significant challenge for real estate developers. Interested in diving deeper into this topic? Check out our panel event exploring this crucial issue. #RealEstate #PowerSupply #Development
The demand for energy is growing, but the supply is not keeping up. How can developers and other stakeholders overcome the barriers and risks of delivering power to their commercial projects? We recently hosted a roundtable bringing together leading developers, asset managers and investors, as well as energy, planning, policy and legal experts, who explored specific power supply challenges faced by the real estate industry. Some of the key topics covered in part 1 of the discussion include: ⚡️ Grid access 🔄 Delivery of competing requirements 🏗️ Impact on construction, delivery and costs 📜 Planning policy reform ⚙️ Supply chain Read more about the roundtable and watch part 1 of the discussion here: https://lnkd.in/eQqwhyee Thank you to our panel for their time and valuable insights: Alan Somerville (Tritax Group), Angie Fenton (Quod), Chris Hollis-Thompson (Matrix Group), Edward Sargent (EDF Renewables / Pivot Power), Peter Henry (Harworth Group plc), Rob Wall (BPF), and Shoosmiths’ Chris Pritchett, James Needham and chair Kellie Hatton. Parts 2 and 3 will be published over the coming days, we'll be diving deeper into the role the real estate industry can have in delivering renewable energy generation, the power of collaboration, data sharing, and examples of innovative solutions that could help alleviate national capacity issues. #RealEstate #PowerSupply #SustainableDevelopment #EnergyandInfrastructure
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Can’t wait to moderate a discussion on "Opportunities in EV Infrastructure Models & Revenue Streams" on October 9 in Houston at the Clean Energy Investment Summit. · What are the barriers to rapidly expanding EV charging infrastructure? · What are the capital needs and revenue models and how can risks and returns be calculated? · Are large-scale EVI incentive programs a key component of the capital stack? We’ll explore these questions and more with: · Gabe Cuadra, Principal, Powerhouse · Jay Hudson, Director of Sales & Partnerships, Blink · Chris King, former SVP, eMobility Strategic Partnerships and Strategic Initiatives, Siemens · Gustavo Occhiuzzo, CEO, EVCS · Wyatt Toolson, Co-Founder and Head of Capital Markets, EV Realty https://lnkd.in/gjUnXu7y
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#UpdateTime In the most recent edition of my popular investing newsletter, The Income Investor, I provided readers with an update on Innergex Renewable Energy (TSX: INE, OTC: INGXF). Here's what I had to say: Type: Common stock Current price: C$10.54, US$7.75 Originally recommended: July 14/16 at C$14.59, US$11.34 Annual payout: $0.36 Yield: 3.4% Risk: High Comments: We may finally be seeing some light at the end of this long, dark tunnel. After trading as low as $7.05 in February, the shares have rebounded strongly and closed on June 10 at $10.54. But investors have paid a high price for that recovery. Effective with the March payment, the company cut its dividend in half, to $0.09 per quarter ($0.36 a year). First quarter financial numbers were mixed. Revenue came in at $242.5 million, up 11% from $218.3 million last year. Adjusted EBITDA was $164.7 million, compared to $145.1 million in the comparable quarter of 2023. However, the company is still operating in the red with an adjusted loss of $20.2 million. Last year, it was just over $12 million. Innergex, which is based in Longueil, Quebec, is a renewable power company with projects in Canada, the US, Chile, and France. The company manages a portfolio of 41 hydroelectric facilities, 35 wind farms, 9 solar farms, and 2 battery energy storage facilities. It also holds interests in 14 projects under development with a net installed capacity of 965 MW. ACTION NOW ➡️ Hold. We may have seen the worst for the green energy industry. It will be a long climb back, but if you’ve stayed for this long you might as well wait it out. If you found this useful, consider signing up for one or both of my newsletters, The Income Investor and Internet Wealth Builder. Learn more @ https://bit.ly/3njE8Qb and then sign up @ https://bit.ly/2GzHZb0 🌳 #GreenEnergy #LongDarkTunnel #WaitItOut
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Ever wondered how a solar system will impact your property value? Take a read of our recent post.
Dive into our latest quarterly report where we explore the game-changing impact of solar energy on real estate valuation. From boosting property values to driving income growth, rooftop solar is reshaping real estate investment. Learn how solar adoption is accelerating, creating new opportunities for property owners to maximize returns while reducing their carbon footprint. In addition, don't miss our exclusive interview with industry veteran Sam Delisi, Operating Partner at strategic real estate venture fund Moderne Ventures (MV), offering valuable insights into solar's impact on asset management and property valuations. Read the blog: https://lnkd.in/e8Z-GSZf #SolarEnergy #RealEstateInvesting #Sustainability #Innovation #assetmanagers
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