Solar photovoltaic
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Sunpower has closed business units and made layoffs as part of its efforts to secure long-term financial sustainability amid restructuring and refinancing initiatives.
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Central Coast Community Energy (3CE), a California community choice aggregator, has issued a request for proposals (RFP) for clean energy and storage power purchase agreements (PPAs).
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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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US-based firm Bernhard has entered a 30-year energy-as-a-service (EaaS) partnership with Hackensack Meridian Health (HMH), resulting in a $134 million solar energy and battery storage system.
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Solar manufacturer Maxeon Solar Technologies has filed another patent infringement lawsuit regarding its PV solar cell technology in Texas.
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ForeFront Power, a commercial and industrial solar energy and storage developer, has hired Ruben Fontes as chief executive.
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Commercial solar and clean energy development platform Sunrock Distributed Generation (DG) has entered a tax equity partnership with US student and consumer loan financier Nelnet.
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Brazil's Superintendency for the Development of the Northeast (Sudene) has approved a R$26.6 million ($5.3m) loan for the 212MWp Milagres solar project, developed by Lightsource BP.
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Renewable energy infrastructure fund manager Excelsior Energy Capital has launched Lydian Energy, an independent power producer (IPP) specialising in the development, construction, and operation of utility-scale solar and battery energy storage projects in North America.
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Lader Energy's Puertos de Santander solar park has obtained an environmental permit from Colombia's national authority of environmental licences (ANLA).
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Lightsource BP has proposed the sale of its Happy and Oxbow solar facilities, PFR has learned.
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EDF Renewables Brasil and Serena Geração have completed the share swap of their stakes in the Pirapora Solar Complex and the Ventos da Bahia wind farm.
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French renewables company GreenYellow has secured financing of 172 billion pesos ($44.7m) with Banco de Bogotá for its 85MWp solar power generation portfolio in Colombia.
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Leeward Renewable Energy (LRE) has signed 2 power purchase agreements (PPAs) for 200MW with Microsoft.
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EDP Renewables North America (EDPR NA) and superstore megachain Walmart have inked a 15-year power purchase agreement (PPA) for part of a 180MW solar project in Texas.
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Renewables developer NextEra Energy will sell its 180MW Big Cypress solar photovoltaic facility to Crittenden County, Arkansas in a sale-leaseback deal, PFR has learned.
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SunPower has fallen foul of Nasdaq listing rules amid debt restructuring caused by higher than expected losses in 2023.
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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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Spanish renewable developer Solarpack has appointed José Luis García Pérez as chief executive for Latin America, based in Santiago, Chile.
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Residential solar technology and energy business SunPower has hired Tony Garzolini as executive vice president and chief revenue officer (CRO).
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Longroad Energy has closed a debt facility with a consortium of banks led by CIBC and a tax equity loan from Athene Annuity and Life Insurance Company for its 444MW/855MWh Serrano solar project in Arizona. PFR understands the value of the financing to be $650 million.
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Celsia Panama, an Argos group energy business, entered an agreement with Chevron of Panama to install and operate a 4.03MW solar plant to power the Bahía Las Minas, Colón fuel terminal.
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Spanish energy giant Repsol has closed on its acquisition of US renewable development company ConnectGen for $768 million.
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RIC Energy has sold a 20MW solar photovoltaic portfolio to Brookfield-owned Luminace.
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DE Shaw Renewable Investments (DESRI) will sell multiple transmission assets associated with its Arroyo Solar Project to the Public Service Company of New Mexico (PNM), PFR has learned.
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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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Residential solar company SunPower has secured over $300 million in project financing commitments from Apollo, Atlas SP Partners, and Hannon Armstrong Sustainable Infrastructure Capital (HASI).
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Arevon Energy has secured more than $1 billion in financing commitments for its Eland 2 solar-plus-storage project in Kern County, California.
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PLT Energy US, a subsidiary of Italian renewable and energy storage group PLT Energia (PLT), has entered into a joint venture (JV) with Glacier Global Partners’ subsidiary GGS Energy.
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Sustainable infrastructure company Generate Capital is to sell a 13.45% stake in Pine Gate Renewables to the Healthcare of Ontario Pension Plan Trust Fund (HOOPP), PFR has found.
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Plenitude’s US subsidiary Eni New Energy US has closed on its buy of an 80% equity stake in 3 operating solar projects from global energy business EDP Renováveis (EDPR), PFR has learned.
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Residential solar company SunPower has raised $175 million as it plans to mitigate threats of default with long-term financial changes.
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Independent power producer (IPP) Urban Grid has hired Eivind Osterhus as chief financial officer and Erica Engle as chief commercial officer.
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US based renewable energy developer owner and operator Longroad Energy has closed on sale of its 108MWdc Foxhound Solar project to Dominion Energy, PFR has learned.
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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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New Energy Equity, a solar developer subsidiary of Allete, has appointed Jackie Chambers as chief investment officer.
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Swedish industrials business SKF has signed 2 Renewable Energy Certificate (REC) purchase agreements in North America.
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Vesper Energy has closed $590 million in financing for its 600MW Hornet Solar project.
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Enviri Corporation company Clean Earth has entered a 5-year offtake agreement with Veolia North America for waste-to-energy from a thermal facility sited in Southwest Arkansas.
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Alliant Energy’s Wisconsin Utility, Wisconsin Power and Light Company (WPL), is diluting its interest in the 723.2MW natural-gas combined-cycle generation and 4MW solar hybrid project West Riverside Energy Center, PFR has learned.
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Utility-scale solar developer Volt Energy Utility has appointed Jean Nelson-Houpert as chief financial officer (CFO).
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Canadian Solar subsidiary and global solar and storage developer, Recurrent Energy, has secured a $500 million preferred equity investment from a fund managed by BlackRock’s climate infrastructure business.
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Deriva Energy, formerly Duke Energy Renewables, has acquired the 140MW Spanish Peaks Solar project sited in Las Animas County, Colorado from global solar power developer JUWI.
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Plenitude’s US subsidiary Eni New Energy US has agreed to purchase an 80% equity stake in an operational three-project solar portfolio from global energy business EDP Renováveis (EDPR).
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Solar development company TurningPoint Energy has announced the appointment of Salar Naini as president, as former president Jared Schoch moves into a chairman role.
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The North American division of Italy’s Enel has closed on its $271 million sale of all US geothermal assets and several solar parks to Ormat Technologies.
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Renewables operator ERG has agreed to partner with independent US green power company Apex Clean Energy Holdings to manage and potentially expand a currently operating portfolio of wind and solar projects.
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NextEnergy Capital has finalised the first investment – a 100MW utility-scale solar project in Highlands County, Florida – from its latest fund.
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Westbridge Renewable Energy has closed the sale of its 230MW Vulcan County, Alberta-sited solar power plant project known as Georgetown Solar to a subsidiary of Mytilineos Energy & Metals.
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Renewables developer and asset owner Madison Energy Infrastructure (MEI) is set to acquire Pro-Tech Energy Solutions.
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Longroad has financially closed and commenced construction on Sun Streams 4, the company’s third project in the Arizona-based Sun Streams complex.
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Canadian Solar is building a 5 GW solar PV cell production facility sited at Jeffersonville, Indiana’s River Ridge Commerce Center.
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Enfinity Global, a renewable energy company, is selling a 40% equity interest minority stake in a 400MW portfolio to Japanese utility Kyushu Electric Power Co.
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Renewables company Ormat will purchase a 150MW portfolio from Enel Green Power North America, a subsidiary of Enel, for $271 million.
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Vector Renewables has agreed to take over the management of assets of OBTON’s first photovoltaic solar plants in Chile.
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Guzman Energy will offtake 100% of the renewable power generated by the 190MW solar and storage development Shallow Basket in an agreement signed with National Renewable Solutions (NRS).
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CleanCapital, a renewables development, management and business, is seeking bids for its group of Sunnyside Project.
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German manufacturer RCT Solutions has signed a memorandum of understanding (MoU) with the government of Manitoba, Canada to build a solar PV factory with a 10GW capacity.
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Energix Renewables will procure 5GW of solar modules from First Solar. The modules will power solar projects in Israel, Poland, and the US, delivered to the Energix sites between 2026 and 2030.
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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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Summit Ridge Energy (SRE) and Osaka Gas’ US unit are teaming up for the construction, ownership, and operation over 100MW of solar projects throughout Virginia, plus 8MW of energy storage in New York.
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Recurrent Energy, a development company owned by Canadian Solar, has secured a €150 million multicurrency facility with Santander Corporate & Investment Banking.
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Middle-market solar and storage investment fund CleanCapital landed a $500 million commitment from Manulife Investment Management, the firm’s largest raise to date.
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Recently formed independent power producer (IPP) Linea Energy has acquired a 490-MWdc solar project from London-based developer Horus Energy.
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German developer Blue Elephant Energy continues its expansion in Chile with the acquisition of a portfolio of small-scale solar assets.
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BrightNight, the renewables developer and power provider, has entered into a power purchasing agreement (PPA) with Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU).
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