Community Solar
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Distributed generation platform Aspen Power will partner with a local developer to acquire and manage a portfolio of 20 community solar projects.
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Altus Power has named Gregg Felton as sole chief executive after Lars Norell resigned as co-CEO and director.
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BW Solar has agreed to sell 12 New York community solar projects totalling 76.7MW to solar and battery storage developer Catalyze.
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Arcadia, a utility data and community solar platform, has closed a $50 million investment round led by a Macquire Asset Management fund to support its community solar program in the US.
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Community solar developer Nexamp has secured a $520 million investment led by Manulife Investment Management to fund its over 2GW project pipeline in the US.
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Walmart has made a tax equity investment in a Pivot Energy community solar project portfolio, reaching its goal of supporting 1GW of renewable capacity across the US.
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Renewable energy developer and producer RIC Energy will sell 7 photovoltaic plants in upstate New York to distributed energy platform Radial Power.
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An Eagle Creek Renewable Energy affiliate has acquired US-based community solar developer and owner Lightstar Renewables.
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Sunrise Mountain Partners and CleanCapital, a C&I and distributed generation (DG) solar owner and operator, have extended their co-development partnership.
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Standard Solar will acquire a 6-project, 18.5MW solar portfolio from Vermont-based developer MHG Solar.
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RIC Energy has sold a 20MW solar photovoltaic portfolio to Brookfield-owned Luminace.
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Community solar and storage developer REC Solar has hired the former chief operating officer of Distributed Solar Development (DSD) as chief executive.
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Vertically integrated distributed energy (DG) platform and financing provider Scale Microgrids has selected Nuno Gonçalves as its new chief financial officer.
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Residential solar technology and energy services provider SunPower Corp’s chief executive officer (CEO) Peter Faricy has left the company, effective 26 February 2024.
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Sunrock Distributed Generation, a commercial solar and DG developer and asset manager, has hired Sunlight Financial co-founder Wilson Chang as its chief executive officer.
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Radial Power has inked $225 million in its first debt financing from Atlas SP Partners to grow its distributed generation, commercial & industrial, and community solar project pipeline.
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Standard Solar is to acquire an 84MW community solar portfolio in Illinois from renewables company New Leaf Energy.
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SolAmerica Energy has agreed to procure 205MW of solar modules from First Solar.
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Nautilus Solar Energy has closed on its acquisition of a 12.7 MW portfolio of community solar projects from SolAmerica Energy.
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New Energy Equity, a solar developer subsidiary of Allete, has appointed Jackie Chambers as chief investment officer.
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Pivot Energy and Radiance Solar are teaming up on a portfolio of 5 community solar projects in Illinois, with a combined capacity of 19MW.
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Altus Power has closed on its acquisition of 84MW commercial-scale solar arrays from Vitol for around $118 million.
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Tax equity investor Foss & Company has completed its second tranche of its tax equity partnership with community solar developer Nautilus Solar, adding a $72 million investment to a portfolio of solar projects.
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Community solar provider Nexamp has named its Chicago, Illinois office as its second national headquarters, alongside its established headquarters in Boston, Massachusetts.
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Scale Microgrids is set to acquire 500MW of distributed solar and storage projects across the US from Netherlands-based global clean energy developer Gutami.
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Clean energy-focused point-of-sale investment firm Sunlight Financial has, through its partnership with Cross River Bank, sold a pool of approximately $300 million in solar loan assets.
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Point-of-sale finance firm Sunlight Financial has named current chief operating officer (COO) Timothy Parsons as the company’s new chief executive.
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Community-solar and storage developer REC Solar has appointed former ForeFront Power chief executive as its executive chairman.
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Altus Power has closed a $100 million credit facility from Goldman Sachs Asset Management and Canada Pension Plan Investment Board's (CPPIB) subsidiary, CPPIB Credit Investments III.
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Commercial-scale provider of clean electric energy provider Altus Power has closed on the acquisition of Project Hyperion which consists of 121MW of solar assets, primarily located in North and South Carolina.
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Greenbacker has closed a $92 million financing agreement with BMO Financial Group to construct its largest standalone BESS project — 120MWh Holtville BESS — and various community solar developments.
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Commercial solar owner and operator Summit Ridge Energy through its joint venture with Osaka Gas USA, acquired 19 community solar projects in Virginia for $250 million.
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Renewables company Brightcore Energy and clean power business Altus Power have joined forces to develop a 16,000-panel solar project spanning 19 properties.
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Clean power provider Suntuity Renewables and special purpose acquisition corporation (SPAC) Beard Energy Transition Acquisition (BRD) have mutually agreed to terminate their merger to take Suntuity public.
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Energy provider Genie Energy’s fund manager subsidiary Sunlight Energy Investments has purchased a 12-project solar portfolio from small solar developer local to the Midwest.
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Summit Ridge Energy has inked a $275 million financing from MUFG to expand its operations and project pipeline of community solar in Virginia and Illinois. The deal upsizes the existing $100 million partnership between Summit and MUFG.
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Community solar and battery project developer PureSky Energy has closed a 3-year $150 million revolving credit facility with Nomura to fund its interconnection projects and grow its acquisition pipeline.
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Point-of-sale finance company Sunlight Financial Holdings has been acquired by a consortium of solar investors, including but not limited to a Greenbacker Capital Management affiliate, Sunstone Credit, IGS Ventures, and its secured lender, Cross River Bank.
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Perch Energy, a community solar technology platform, has closed a $30 million investment from Nuveen in a series B round.
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Nautilus Solar Energy has completed its issuance of $202 million senior secured notes to institutional investors in a private placement transaction.
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Energy-focused investment firm Kimmeridge has invested $15 million in US Light Energy, a community solar project developer. The financing derives from Kimmeridge Carbon Solutions, a fund for carbon-neutral and carbon-reducing investments.
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Dimension Renewable Energy has inked $237 million in financing led by Silicon Valley Bank (SVB), a division of First Citizens Bank, to develop its 120MWdc community solar portfolio across five states.
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Priority Power, the energy management services, procurement and energy infrastructure development firm, has acquired power procurement advisor Atlas Retail Energy (Atlas).
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Investment firm HASI has extended its partnership with Summit Ridge Energy, a commercial solar and energy storage company, to finance the developer's pipeline of community solar projects in Illinois and Maryland until 2025.
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Distributed solar energy asset owner and operator Spruce Power has acquired a portfolio of residential solar assets located in California, New Jersey, and Massachusetts.
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Distributed generation platform Aspen Power closed on a $70 million credit facility with JP Morgan and a $20 million equipment supply loan from First Citizens Bank.
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Dimension Renewables Energy Group closed on a short term $36.5 million credit facility from Silicon Valley Bank, a division of First Citizens bank, to purchase solar equipment for community solar projects across at least four states, PFR has learned.
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BlackRock-owned DSD Renewables has secured a $140 million credit facility, with the funding arrangement led by Santander Corporate & Investment Banking with HSBC USA and Rabobank Group as lead joint arrangers.
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Community solar specialist Nexamp has secured more than $400 million in tax equity and debt commitments led by US Bancorp Impact Finance and MUFG.
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Crow Holdings, a Texas-based real estate investment and development firm, is launching a renewable energy business, Crow Holdings Renewables.
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This week, First Citizens Bank agreed to a whole bank purchase of Silicon Valley Bank, taking on all its loans and certain other assets, as well as assuming all its customer deposits and certain other liabilities. In all, First Citizens is taking assets of $110 billion, deposits of $56 billion and loans of $72 billion.
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Oya Renewables, the clean energy developer and independent power producer, has closed a $27.1 million long-term loan facility from City National Bank (CNB) and tax equity funding from Greenprint.
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Catalyst Power Holdings, a portfolio company of BP Energy Partners, has struck a strategic partnership with JCD Solar Consulting to augment the marketing, aggregation and servicing of community solar projects.
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Scale Microgrids has acquired more than 100MW of New York community solar projects in the late stages of development that it will construct, own and operate as it continues its recent expansion.
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Credit-focused investment manager AB Carval and tax equity investor Nelnet have financed the latest portfolio of small-scale utility and community solar developer Renewable Properties.
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Investment fund managers Fiera Infrastructure and Palisade Infrastructure have joined forces to acquire a renewable energy generation and battery storage business from Amp Energy.
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Enhanced Capital and Crossroads Impact Corp. have made a development capital investment in Solar Landscape, based in Asbury Park, New Jersey.
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Independent solar power producer, CVE North America, has acquired a portfolio of solar PV projects in upstate New York from Saturn Power Corporation.
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EDF Renewables North America has signed an agreement with Luminace, a Brookfield Renewable company, for the sale of a 21.6MWdc portfolio of 3 community solar projects.
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Community solar developer Summit Ridge Energy has secured a $175 million investment from funds managed by Apollo.
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CS Energy is partnering with two sponsors on a portfolio of community solar projects in upstate New York.
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BlackRock Real Assets’ portfolio company DSD Renewables has bought three rooftop solar projects in New Jersey and Connecticut from Dynamic Energy, and plans to buy three more in Massachusetts and Virginia later this year.
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Distributed generation and microgrid platform Scale Microgrid Solutions (SMS) has agreed to acquire and finance a portfolio of development-stage community solar, DG solar and battery storage projects from Nexus Renewables.
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True Green Capital Management has sold an operational community solar project in Idaho to Standard Solar.
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Warburg Pincus-backed distributed generation and microgrid start-up Scale Microgrid Solutions (SMS) has committed up to $55 million to finance and acquire a portfolio of development-stage community solar projects in New York City.
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Amp Energy, a Canadian renewables developer backed by The Carlyle Group, has secured construction financing for a community solar-plus-storage portfolio in New York state.
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Distributed solar developer New Energy Equity has secured a $50 million revolving credit facility to fund the construction of a more than 60 MW community solar portfolio in the US.
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Standard Solar has acquired a community solar portfolio totaling 35 MW in Maine.
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