JPMorgan Chase, Capital One commit $260M to Arizona solar project 🌞💰 TL;DR: JPMorgan Chase and Capital One are investing $260 million in BrightNight's Box Canyon solar project in Arizona, set to generate electricity for 77,000 homes annually by early 2025. Highlights • Partnership financing structured for tax equity benefits • Box Canyon will have a 300 MW capacity, generating 900,000 MWh each year • Additional $440 million secured from Goldman Sachs for project funding • CEO emphasizes clean energy, job creation, and regional energy security • The project contributes to a portfolio of 31 GW of renewable energy initiatives #SolarEnergy #Investment #RenewableEnergy #CleanPower #SustainableFuture #ArizonaEnergy Article Source https://lnkd.in/gWmm3-qh
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J.P. Morgan, Capital One provide $260 million for 300 MW Arizona PV project. US independent power producer (IPP) BrightNight has secured US$260 million in tax-equity finance from investment banks JP Morgan and Capital One, to aid in the development of a 300MW solar PV power plant in Pinal County, Arizona. The Box Canyon solar project, jointly owned by BrightNight and Canadian asset manager Cordelio Power, is expected to become operational in the first half of 2025. This will be part of a wider renewable energy portfolio in Arizona totalling 2GW. Source: https://lnkd.in/dY_M3F7k #SolarEnergy #RenewableEnergy #CleanEnergy #Sustainability #SolarPV #EnergyTransition #GreenEnergy #PowerGeneration #ClimateAction #EnergyInnovation #Investment #BrightNight #CapitalOne #JPMorgan #SolarProject #ArizonaEnergy #EnergyFinance #SustainableFuture #CleanTech #EnergyNews
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🥂Standard Solar expanded its asset portfolio in Massachusetts! With 11 solar and solar + storage projects already operating in the state, we acquired the Churchill Street Solar Farm, a 3.2 MW project in Pittsfield. The array was acquired from Sunfarm Solar and is bringing clean energy to residents and businesses of Pittsfield and the surrounding area. Read all about it! https://hubs.li/Q034tnfH0 #PoweringTheEnergyTransformation #communitysolar #commercialsolar #assetacquisition
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"Pivot is redefining how to finance portfolios of distributed generation solar projects at scale which reflects our mission to advance the renewable energy transition," - Bret Labadie, Chief Financial Officer at Pivot Energy Dynamo member Pivot Energy has achieved a significant milestone by securing a $450 million debt warehouse facility, one of the largest ever raised for distributed generation solar. This accomplishment, led by long-time partner First Citizens Bank, including new strategic partner ATLAS SP Partners ("ATLAS"), highlights Pivot's leadership as a national energy provider and independent power producer driving innovation in renewable energy financing. Building on this achievement, Pivot has also closed on a structured equity investment from HA Sustainable Infrastructure Capital, Inc. ("HASI") in a new project joint venture. The combination of these innovative financing structures will enable the construction of 300 Megawatts DC (MWdc) of distributed generation solar projects, further advancing Pivot's mission to accelerate the renewable energy transition across the U.S. #PivotEnergy #GenerationSolar #SolarEnergy #Renewables #EnergyTransition #EnergyFinancing
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It's great to see a respected Singapore company doing such great things. Our region is making really good progress towards greener, cleaner living and sustainable business. One thing: if you have solar panels fitted at home or on a commercial premises, don't forget to tell your buildings insurer. Then you know your lovely new tech is properly covered. #PropertyInsurance #BuildingsInsurance
Exciting news from RE+ 2024, we have just confirmed our solar panels have been chosen by Cypress Creek Renewables for key power plant projects across the U.S. Notable among these is Cypress Creek’s largest hybrid facility, Zier, in Brackettville, Texas. This facility, boasting over 383,000 Maxeon Performance line solar panels, can generate enough energy to power more than 41,000 homes annually. A testament to the successful collaboration between Maxeon and Cypress Creek Renewables, this marks a significant step towards a brighter tomorrow. Our panels are chosen for their optimal balance of price and performance, supply chain structure, differentiated products, and exceptional ESG profile. We will be showcasing our latest panels at RE+ booth D23045 from September 10-12, do don't forget to catch us: https://lnkd.in/ewACs8h9 #REplus #CleanEnergy #SolarPower #Maxeon #CypressCreek #Renewables
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Encore Renewable Energy has secured $389 million from Brookfield to expand its portfolio of community-scale solar and battery storage projects across the US. The investment will support 25 new projects in five states. Read more: https://lnkd.in/gF-DU2Tk Blake Sturcke #RenewableEnergy #SolarPower #BatteryStorage #CleanEnergy #GreenInvestment
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Ørsted Sells $572M Stake in Landmark US Solar & Storage Projects to ECP (Energy Capital Partners)🚀 Ørsted has sold a 50% stake in three major US onshore projects—Mockingbird Solar, Sparta Solar, and Eleven Mile Solar Center—to ECP (Energy Capital Partners) for #USD572million. 🔹 Total capacity: 1,018 MW (solar and storage) 🔹 Location: Texas & Arizona 🔹 Operations start: 2024 This partnership underscores Ørsted's commitment to delivering clean energy while recycling capital to fuel future growth. With these assets, Ørsted now manages over #6GW of #onshorewind, #solar, and #storage capacity across the #US. Read more: https://lnkd.in/gQh3kmBj #RenewableEnergy #SolarPower #EnergyTransition #Sustainability #Partnerships #CleanEnergy #Ørsted #ECP #EnergyStorage #OnshoreWind
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Origis Energy Raises $415M for Texas Swift Air Solar Project Origis Energy secured $415M in financing for the Swift Air Solar project in Texas. The solar energy will power Occidental's STRATOS Direct Air Capture facility, advancing carbon capture technology with operations expected by mid-2025... #NorthAmerica #OrigisEnergy #SolarNorthAmerica #solarpower #SolarUSA #SwiftAirSolar #USA
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🚨 #FiZ_QuickTake 🚨 Eng. Hilton Mwape Fulele, Asset Manager at CEC Renewables, explained the $97.6M green bond funding the 136 MW second phase of the Itimpi Solar Project. Watch the full episode on our YouTube channel. #GreenFinance #FinancialInsight #Get2Know
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Did you know that Blackfinch is one of the UK’s leading investors in renewable energy assets? In fact, we have already invested in more than 53 solar and wind energy sites nationwide. Renewable energy is important to us, and is one of the four investment areas used within the Blackfinch Adapt IHT Service. Our Behind the Scenes video shows the work we do finding and investing in some of the best renewable energy investments across the UK. Watch the video here: https://lnkd.in/dfGjrDiZ #EnergyInvesting #EnergyInvestment #RenewableEnergy #Windfarms #CleanEnergy #Diversification #IHTService #InheritanceTaxPlanning #BusinessRelief #AlternativeInvestments #WealthManagement #FinancialPlanning #InvestmentOpportunities #AssetDiversification #TaxEfficientInvesting Don't invest unless you're prepared to lose all the money you invest. This is a high risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more: https://lnkd.in/dsZC3wHt
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Today's #TravelTuesday sees Energy Global jetting off to England 🏴 Spriggs solar farm, a 12 MW project in Essex, England, was one of Foresight Solar’s first acquisitions – connecting to the grid back in 2014. ☀️ Early on in its operation, the site experienced systemic module potential-induced degradation, a manufacturing issue that affects the performance of photovoltaic modules whereby stray currents caused by a high potential difference between various components can lead to significant power loss. In this case, performance dropped by 10%. The company was able to draw upon the expertise of Foresight Group’s technical team (the investment manager), who tested the modules to identify degradation areas and conducted due diligence to identify top-tier component suppliers used across the portfolio. The solution consisted of installing float controllers on the site, which prevented further degradation occurring and allow for the full recovery. The project is now one of the company’s best performing assets, consistently outperforming by as much as 10%. To read more on the challenges and innovations experienced by the UK solar energy sector, make sure to register for a free trial of Energy Global here: https://bit.ly/3NwDhus #TravelTuesday #EG #renewables #energy #sustainable #solar #photovoltaic
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