Orbital picked to lead on US$725m, 1GW plan to turn US coal plants into solar farms

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Akon speaking at the Clean Energy America Inargural Ball on 20 January. Image: Orbital Solar Services

US singer and philanthropist Akon’s renewable investment fund, The Black Sunrise Half Century Fund, is to partner with a North Carolina installer to convert coal-fired power plants into solar farms.

The fund has named North Carolina-based installer Orbital Solar Services (OSS), a subsidiary of Orbital Energy Group, the fund’s engineering, procurement and construction (EPC) partner for the deal.

The Black Sunrise fund was created through US solar developer Akon Lighting America, and expects to build 1GW of solar capacity within three years with a minimum investment of US$725 million.

Akon told attendees of President Biden’s Clean Energy America Inaugural Ball on 20 January that the fund and OSS have partnered to decommission coal-fired power plants in the US and repurpose them as utility-scale solar farms. The decommissioning project will begin later this year.

OSS is responsible for providing full EPC services for the projects. The company has installed roughly 600MW of solar capacity across 40 projects to date.

Jim O’Neil, Orbital Energy’s vice-chairman and chief executive, said the partnership will “enhance our presence in the renewable energy marketplace well into 2021 and beyond.”

Artist Akon said in a statement that the joint venture will open up “significant opportunities for black entrepreneurs and black-owned companies throughout the industry.” During his speech at the ball, he said the fund would also commit to an employee development programme that would serve “underrepresented communities” with OSS.

“It furthers my commitment to diversify this industry while increasing the opportunities and quality of life for people in need around the world.”

The partnership follows the launch of a diversity and inclusion initiative for the solar sector last October, which has committed to educational and fundraising programmes to support US civil rights organisations the National Association for the Advancement of Colored People, The Southern Poverty Law Center and the Urban League.

Read Next

February 24, 2021
Microinverter supplier to use proceeds to repurchase notes due 2024 and 2025 as well as other corporate purposes
February 23, 2021
Dozens of chief executives in the renewable energy sector have demanded that US President Joe Biden repeal the tariff hike Donald Trump’s Administration placed on solar panel imports last year.
February 22, 2021
COVID-19-induced project delays impacted India’s solar power transition last year, but 2021 is still set to be a “landmark year” for the resource, according to new research.
February 15, 2021
Longroad Energy to acquire ~900MWdc of solar, with battery storage additions also to be considered.
February 11, 2021
Oil and gas major Shell has said it will spend between US$2 billion and US$3 billion on renewables and energy solutions annually to help it attain net zero status by 2050.
February 8, 2021
Major inverter manufacturer SMA Solar Technology has reported preliminary full-year 2020 financial results which met the low end of guidance but also reported a slight decline in fourth quarter sales coupled to plummeting gross margins.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
March 9, 2021
Solar Media Events
March 17, 2021
Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Solar Media Events
June 15, 2021