TerraForm Power to Invest $720M in Distributed Solar Portfolio

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 […]

Massachusetts policy leads Stem towards 28.2MWh of solar co-located energy storage

Policy in the Commonwealth of Massachusetts favouring the use of clean energy during peak times has brought behind-the-meter energy storage company Stem Inc into the state’s utility-scale solar-plus-storage market. The commercial and industrial (C&I) system provider has partnered with private equity firm Syncarpha Capital Partnership to develop 28.2MWh of large-scale energy storage projects, co-located with […]

Summit Ridge Energy Secures Project Finance Fund for 100MW of Community Solar

One more financier is jumping into the budding community solar market. Low-carbon investment firm Hannon Armstrong has partnered with developer Summit Ridge Energy to finance community solar projects, the companies announced this week. The companies structured the deal as a joint venture called Summit Ridge Capital, which will invest cash equity in community projects that […]

Energetic Unveils ‘Game-Changing’ Insurance Policy for Commercial Solar Market

The company aims to solve “one of the most persistent and painful problems” for C&I solar: many offtakers’ lack of a credit rating. Energetic Insurance has finalized its anticipated credit insurance policy for commercial solar projects, designed to protect developers against potential payment default from businesses signing on to commercial or industrial projects. According to […]

Goldman Sachs Buys 233 Megawatts of Commercial Solar Leases from SunPower

Deal covering 200 project sites reflects growing interest in commercial solar assets from institutional investors. SunPower is offloading 233 megawatts of commercial solar project leases to a subsidiary of Goldman Sachs Renewable Power for $86.9 million, a filing this week with the U.S. Securities and Exchange Commission shows. The portfolio encompasses about 200 projects in […]