Renewables

London, UK (May 19, 2020) —  Today sees the launch of Susgen, a capital provider and partner to industry-leading renewable energy developers. Susgen invests in renewable energy development companies, enabling them to create project portfolios of significant scale. As capital provider to developers globally; such as Urban Grid Solar in the USA, JBM Solar and […]

May 19, 2020 (Houston, TX) – ConnectGen LLC (“ConnectGen”) has closed a 14.5-year term loan for its 50% interest in a portfolio of 278 megawatts (MW) of operating solar projects. CoBank ACB (“CoBank”) and Norddeutsche Landesbank (“NORD/LB”) served as Joint Lead Arrangers on the financing. Headquartered in Houston, Texas, ConnectGen develops renewable energy and energy […]

WASHINGTON, D.C. (May 14, 2020) – New Columbia Solar, Washington, D.C.’s leading solar energy independent power producer, announced that the company closed a $40 million tax equity partnership with Franklin Park Infrastructure that will be used to finance DC-based solar projects throughout 2020 and 2021. This investment is the largest known tax equity investment dedicated […]

Engineer, attorney, author, and former head of some of the largest public power utilities in the U.S., S. David Freeman passed away on May 12 outside of Washington, D.C., following a heart attack at the age of 94. Freeman was born in Chattanooga, Tennessee, and received a degree in electrical engineering from the Georgia Institute […]

Four groups analyzing data from the U.S. Dept. of Labor said more than half-a-million jobs in the clean energy sector were lost in March and April due to shutdowns caused by the coronavirus pandemic. The losses, representing about 18% of the industry’s total workforce, were detailed in a report released May 13. The groups said […]

A Nevada installation that would be the largest solar power project in U.S. history was approved by the U.S. Department of the Interior on May 11. The estimated $1 billion, 690-MW Gemini solar photovoltaic electric generating facility is sited on 7,000 acres about 30 miles northeast of Las Vegas. Interior Secretary David L. Bernhardt signed […]

The Minnesota-based power cooperative that on May 7 said it would close a large Midwest coal-fired power plant also noted it has a contract with Form Energy, a Bill Gates-backed company that offers a long-duration energy storage solution, one that the group says could provide 150 hours of continuous power. Form Energy has been a […]

Siemens Gamesa Renewable Energy (SGRE) on May 6 said delays to its renewable energy projects, in part due to supply chain disruptions from the coronavirus pandemic, will continue to negatively impact the company’s earnings this year. The company reported its fiscal second-quarter earnings on Wednesday and said the COVID-19 outbreak “had a direct negative impact […]

More than 300% increase in projected solar and wind generation development as compared to last year’s integrated resource plan update filing; Energy storage grows by more than 700% Reflects targets mandated in Virginia Clean Economy Act Diverse fuel mix provides reliability, affordability and regional emissions reductions Expansion of renewable and energy storage resources will put […]

SUMMIT, N.J., April 29, 2020 — Nautilus Solar Energy, LLC (“Nautilus”), a leading owner-operator of distributed generation and community solar projects located throughout North America closed a $90 million debt financing agreement led by National Bank of Canada “NBC” and including Royal Bank of Canada (“RBC”) as lender. The financing consists of a $75 million […]