The former SunEdison yieldco hopes to leverage the diverse 300-megawatt portfolio to sell additional services to commercial and industrial clients. TerraForm Power announced Monday it will take over ownership of a portfolio consisting of 291 megawatts of commercial and industrial solar projects and 21 megawatts of residential solar. The portfolio, sold by Canada-based energy infrastructure […]
Batteries Benefit From Ontario’s Bizarre Energy Market
Energy storage developers like Enel X, Convergent and Stem are active in the Canadian province’s politically charged energy market. Batteries are benefiting from a bizarre market setup in Ontario that has politicians canceling energy-saving programs while at the same time pledging to cut bills. The Canadian province is fighting to reduce the financial burden imposed […]
Starbucks Buys Aggregated Wind and Solar Portfolio With Help From LevelTen
Coffee giant contracts for power from three projects built by three developers in three states, in what’s being described as a first for the corporate market. Starbucks announced another large-scale renewables deal Wednesday, with enough power to supply 3,000 of its U.S. stores. The portfolio, encompassing 146 megawatts of wind and solar, draws from three […]
Anheuser-Busch Embraces Solar to Power Past Its 100% Renewables Target
The brewing giant announced a 222-megawatt solar project with Recurrent Energy in Texas, a fast-growing hot spot for corporate solar deals. Beer giant Anheuser-Busch announced Tuesday the signing of a 15-year virtual power-purchase agreement with Recurrent Energy for a 222-megawatt (AC) project in West Texas. In 2017, Anheuser-Busch committed to purchasing 100 percent renewable electricity […]
Batteries Benefit From Ontario’s Bizarre Energy Market
Energy storage developers like Enel X, Convergent and Stem are active in the Canadian province’s politically charged energy market. Batteries are benefiting from a bizarre market setup in Ontario that has politicians canceling energy-saving programs while at the same time pledging to cut bills. The Canadian province is fighting to reduce the financial burden imposed […]
C&I Renewables Marketplace LevelTen Draws Investments From Total and Equinor
LevelTen is targeting the “long tail” of smaller companies interested in renewables, including in Europe, CEO Bryce Smith tells Greentech Media. LevelTen Energy, a marketplace for corporate and industrial (C&I) renewable energy procurement, announced a fundraising round of $20.5 million on Monday. The latest fundraise is significantly higher than its previous round of $6.8 million. […]
A Facebook First: Tech Giant Invests Directly in a Renewable Project
Analysts say the social media company’s tax-equity investment in a 379-megawatt solar project in Texas could be a sign of deals to come in the corporate renewables market. Facebook announced Thursday it has finalized an agreement to provide tax-equity financing for a 379-megawatt solar project developed by Longroad Energy Partners in West Texas. It’s the […]
SunPower Fleshes Out Future Vision as an Energy Services Company
As it looks to sell its Oregon factory, SunPower is pushing into storage and energy services. “We’ll take over your energy bill,” the company aims to be able to tell future customers. After a string of big losses, SunPower is working to overhaul its business and financials. In September, the California-based solar manufacturer and development […]
Shell’s industrial customers in Ontario to be offered Convergent’s BTM battery storage
Ontario’s policy of rewarding large users of energy that reduce their demand for grid energy at peak times has resulted in Shell New Energies announcing 21MWh of projects with Convergent Energy + Power. US-Canadian project developer Convergent has been involved in some of the Canadian province’s biggest energy storage projects to date, many of which […]
Infrastructure Fund Buys Community Solar Developer Clean Energy Collective
The U.S. community solar market is beginning to draw investment from infrastructure funds and institutional investors. North American Infrastructure Partners, a recently launched infrastructure fund, this week purchased a majority stake in one of the top U.S. community solar developers, Clean Energy Collective. Colorado-based Clean Energy Collective said the strategic investment will allow it to […]