Kilowatt | Renewable | Utility | Dependable | Affordable
Funding David Energy announced the close of its $1.5 million Pre-Seed round this week, co-led by Box Group and Greycroft. The buzz is David Energy has developed a proprietary software platform that uses machine-learning to act as the energy operating system for buildings to modernize how customers purchase energy. “We are at the dawn of […]
TELOS Clean Energy announced the closing of a joint venture with Goldman Sachs’ Alternative Energy Investing Group to develop, construct, own and operate distributed solar power projects. The solar projects will be expected to sell power to commercial, industrial and municipal customers. Goldman Sachs can invest up to $275 million to finance the activities of […]
Spruce Finance, the largest private owner and operator of distributed generation solar and residential energy assets in the U.S., has completed its second-largest acquisition to date — a purchase of 3,668 rooftop solar assets totaling 27.6 megawatts (MW) from Greenbacker Renewable Energy Co. This move expands Spruce’s solar portfolio to more than 200 MW, further solidifying the […]
PosiGen, a residential solar and energy efficiency provider for low-to-moderate income families (LMI), nailed down a new debt facility that, along with the Connecticut Green Bank, means a combined $100-million facility to provide solar systems and energy efficiency upgrades to LMI homeowners in Connecticut and New Jersey. The debit facility was originated by the Ares […]
Independent power producer Soltage raised a $142 million senior construction-to-term credit facility with Fifth Third Bank, National Association to fund a 110-MW solar portfolio of utility-scale solar assets across six states: Oregon, Illinois, Massachusetts, Rhode Island, North Carolina and South Carolina. /*** Advertisement ***/ Fifth Third served as Administrative Agent and Lead Arranger for this […]
SDC Energy, a bespoke investment firm specializing in renewable investments, launched the SDSF Solar Fund IV for private investors, family offices, and financial advisers. What’s cool about this fund is how it leverages solar incentives to offset investors’ taxes through financing commercial photovoltaic projects for non-profits, which are not eligible for income-reducing subsidies, saving a […]
Drone Aerial of Downtown Charlotte, North Carolina, NC. The Charlotte City Council voted Monday evening to participate in the Duke Energy Green Source Advantage (GSA) Program, which allows large energy users to negotiate contracts with solar developers to meet sustainability and renewable energy goals. An earlier pilot version saw Google and Cisco adopt the program. […]
Sunnova Energy‘s financial results for the fourth quarter and full-year 2019 show a customer base increase of 30 percent and an increase in storage attachment rates due to customers seeking more resilient sources of energy to combat severe weather events and unreliable electricity grids. Sunnova SunSafe is now available in 16 markets. But despite the growth, Sunnova […]
CVE North America and AVANA Capital closed construction financing totaling $57 million for a 31.3 MW portfolio of six solar PV plants in Massachusetts, which qualified for the state’s SMART program. Principals of the NextPower Capital team served as Financial Advisor to CVE on the transaction. /*** Advertisement ***/ CVE North America is a solar […]
KeyState Renewables, LLC and Corner Power, LLC launched SOLCAP I LLC, a solar tax equity fund for community and regional bank investors in Q4 2019. The fund had its initial closing on February 6, 2020 and will remain open to additional tax equity investors until mid-March 2020. /*** Advertisement ***/ SOLCAP also announced the closing […]
