Summit Ridge Energy (SRE), a commercial solar company, says it has secured a $67 million tax equity commitment from Foss & Company, an institutional investment fund sponsor. The partnership will fund more than 50 MW DC of community solar projects in Maine and Illinois. The funding will support a development pipeline of 13 projects to provide residential and commercial subscribers with clean energy and an opportunity to support the local renewable economy. This latest funding builds on the relationships between SRE and Foss & Company. Together, they have closed $122 million in tax equit ..read more

Silicon Ranch, an independent power producer and a community-focused renewable energy company, the Paris Board of Public Utilities (Paris BPU) and the Tennessee Valley Authority (TVA) have completed a 6.75 MW AC solar facility in Puryear, Tenn. This solar facility will generate enough renewable, cost-effective energy to power approximately 1,000 homes annually. The Paris Solar Farm – Puryear was developed as part of TVA’s Generation Flexibility Program. The program is designed to encourage local power companies to develop distributed generation facilities and provide local solutions to the ren ..read more

Agilitas Energy, an integrated developer, builder, owner and operator of distributed energy storage and solar photovoltaic systems in the northeastern U.S., has agreed to acquire a portfolio of six standalone energy storage system projects in the greater Houston area from Gulf States Renewable Energy, a subsidiary of GSR Energy. The deal value approximates $75 million. The acquisition and new market entry will add 60 MW to Agilitas Energy’s renewable energy and battery storage project pipeline of more than one gigawatt. The projects will operate in the Electric Reliability Council of Texas, wh ..read more

The technology group Wärtsilä has completed two major interconnected energy storage systems in south Texas totaling 200 MW and owned by Eolian L.P., a portfolio company of Global Infrastructure Partners.  The Madero and Ignacio energy storage plants will be operated using Eolian software, enabling full participation in the Electric Reliability Council of Texas (ERCOT) market. This will add year-round reliable operational ramping capacity to the system.  Construction of the projects began in January 2021 to meet the flexibility and reliability needs of the ERCOT market. The facility r ..read more

MPC Energy Solutions (MPCES) says it has completed construction and grid connection for its Parque Solar Los Girasoles, a solar photovoltaic plant in Colombia, with an installed capacity of 12.3 MW.  Parque Solar Los Girasoles is the third project in the company’s portfolio to commence operations this year, following Santa Rosa & Villa Sol in El Salvador, and Neol CHP in Puerto Rico, and the fourth operational plant overall. MPC Energy Solutions is selling the generated power through a long-term power purchase agreement (PPA) with Spectrum, a Colombian energy trading firm and electric ..read more

BLUETTI is slated to release its new PV420 solar panel in Europe and the UK. PV420 features solar power of up to 400 watts and a max 23.4% high-converting rate. It’s capable of capturing about 2 kWh solar power with six hours of prime sunshine. BLUETTI equips PV420 with monocrystalline solar cells and multi-layered ETFE to ensure better light transmittance, higher conversion efficiency and a longer lifespan. The ETFE coating surface has a rating of IP65 to protect from water splashes, scratches and dust, making it ideal for working even under extreme weather conditions. It also has a kickstand ..read more

Babcock & Wilcox Enterprises Inc. says its subsidiary Babcock & Wilcox Solar Energy Inc. has been awarded contracts totaling more than $15 million by Summit Ridge Energy LLC (SRE), a commercial solar company in the U.S., to engineer, procure and construct five community solar power installations in Illinois. B&W will also manage subcontractors, site coordination and supervision and the electrical tie-ins to the grid. The projects, totaling approximately 15 MW, are scheduled for completion in 2023. This is the second set of contracts awarded to B&W by SRE. In August 2022, B& ..read more

OYA Renewables, an energy transition solutions platform, says it has secured backing from City National Bank (CNB), a wholly-owned U.S. subsidiary of Royal Bank of Canada – with a $27.1 million long-term loan facility.  In addition to this, OYA also received funding from Greenprint, the tax equity investor for the four projects, as the projects reached the substantial completion milestone. “As our community solar project pipeline continues to see significant growth within New York State and beyond, having robust financial backing from CNB allows us to focus our attention squarely on effic ..read more

Recently, CHINT Astronergy won the bid for a 902 MW Vista Alegre photovoltaic power plant project of Atlas Renewable Energy in Brazil, and will supply 454 MW of ASTRO N modules.  The ASTRO N series modules are the latest products of CHINT Astronergy’s focus on the development trend of N-type TOPCon cell technology. Since its release in April 2022, the product has left footprints across the globe. The Vista Alegre photovoltaic project is located in the state of Minas Geras in southeastern Brazil, which has the most cities in Brazil and a high energy consumption. Brazil has an average annua ..read more

The Malvezzi Solar Park is now operational in Poggio Renatico, Italy, in the province of Ferrara (Emilia-Romagna), thanks to the online crowdfunding initiative Scelta Rinnovabile (Renewable Choice) promoted by Enel Green Power. The opening ceremony of the new plant, which will support the country’s energy transition with a capacity of around 17 MW, was attended by Stefano Bonaccini, president of the Emilia-Romagna Regional Government, Nicola Lanzetta, director of Italy at Enel Group, and Daniele Garuti, mayor of Poggio Renatico. The solar farm consists of more than 30,000 modules. It will prod ..read more