Tagged Finance

Leeward Renewable places 100 MW solar + storage project in service

By Renewable Energy World Leeward Renewable Energy said it completed construction and started operations of its 100 MW Rabbitbrush Solar Facility in Kern County, California. The project includes a 20 MW, 50 MWh battery energy storage system. Energy generated by the project will serve two not-for-profit, community-owned electricity providers, Central Coast Community Energy and Silicon…

Next Generation of LPO Financing

By [Energy Central] Jigar Shah LPO is excited to introduce the first installment of our “Next Generation of LPO Financing” illustrated poster series, highlighting the LPO technology sectors used in reporting our application activity every month (see: Energy.gov/LPO/MAAR). Inspired by the iconic Works Progress Administration (WPA) posters of the late 1930’s and early 1940’s, this…

Final Mile Solar rooftop PV delivery offered through Inxeption

By Billy Ludt Digital commerce company Inxeption has partnered with Utah-based Final Mile Solar to create an end-to-end solar panel offering that covers financing, international logistics, warehousing, rooftop installation and post-install steps. “Final Mile has proven over the past three years that installers around the nation value innovation and services that increase efficiency and decrease…

Siemens unit invests in li-ion battery maker KORE Power

By Renewable Energy World Idaho-based lithium-ion battery producer KORE Power said it closed on an initial $75 million tranche of a private placement anticipated to total $150 million. Siemens Financial Services was the lead investor. It was joined by Quanta Services, Nidec Motor Corp., Honeywell Ventures, Trog Hawley Capital and an unnamed utility-scale energy storage…

Thurrock council admits disastrous investments caused £500m deficit

By Patrick Butler Social policy editor Tory-led Essex authority is on brink of bankruptcy and has appealed to government for emergency bailoutA Tory-led council has admitted a series of disastrous investments in risky commercial projects caused it to run up an unprecedented deficit of nearly £500m and brought it to the brink of bankruptcy.The staggering…

Activate expands its solar-focused real estate portfolio

By Renewable Energy World Texas-based Activate Renewables, which acquires real estate and royalty interests in wind, solar and energy storage, said it closed on the purchase of a renewable energy real estate portfolio owned by Alchemy Renewable Energy. The portfolio consists of the real estate related to five solar projects located in North Carolina and…

Enel launches retail energy business for C&I customers

By Renewable Energy World Enel North America said it launched a retail energy business in Texas with a focus on commercial and industrial customers. The venture aims to enable customers to buy renewable energy directly from Enel’s generation assets without having to make a long-term financial commitment through a more conventional power purchase agreement (PPA)….

Leeward Renewable lines up financing for two solar pv projects

By Renewable Energy World Dallas-based Leeward Renewable Energy said it closed around $420 million in construction-to-term financing from MUFG Bank Ltd. and a $195 million tax equity commitment from Wells Fargo for its Big Plain Solar Facility in London, Ohio and its Oak Trail Solar Facility near Moyock, North Carolina. MUFG served as the green…

Port projects to support offshore wind gain federal financial backing

By Renewable Energy World The U.S. Department of Transportation awarded more than $100 million for infrastructure projects to support offshore wind energy projects in and around the Atlantic Coast and Great Lakes. The awards were part of more than $703 million in funding to improve port facilities through the Maritime Administration’s Port Infrastructure Development Program….

Are COP talks really worthwhile?

By [Energy Central] FORESIGHT Contributor From FORESIGHT Climate & Energy, Watt Matters is a podcast all about the energy transition and the shift to a decarbonised economy Off the back of an intense two weeks in Egypt, the COP27 negotiations were once again deemed underwhelming. There were some successes: Developed countries will provide finance to…

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