Arcadia Power bags US$25 million investment, plans 120MW of community solar

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Currently, Arcadia Power states that it manages 2 TWh of annual energy demand. Arcadia Power

Arcadia Power has closed on a US$25 million investment round that the company will now use to expand its outreach to consumers and offer its services. In addition, the company announced that it is developing 120MW of new community solar projects across the US.

This new community solar pipeline including 40 large-scale PV farms across 242 hectares of land will be built across the US. Energy produced by these installations will be utilised exclusively for Arcadia Power customers.

In addition to expanding the utility’s footprint in the US, this new financing will also be used to hire more data scientists and software engineers that will help develop new ways to develop clean energy resources for Arcadia Energy’s clients.

Currently, Arcadia Power states that it manages 2TWh of annual energy demand.

Read Next

August 4, 2021
Walmart will buy renewable energy credits from 23 community solar projects across New York State through an agreement with developer Nexamp.
July 26, 2021
Meyer Burger is considering its legal options after long-time heterojunction tandem solar cell manufacturing partner Oxford PV ended its collaboration agreement unexpectedly.
July 22, 2021
US Senate majority leader Chuck Schumer has failed in a bid to fast-track the US’ US$1.2 trillion infrastructure investment bill through the Senate. But there remains hope that further progress could be made as early as next Monday, when some Republican senators believe the bill will be fit to proceed.
July 20, 2021
Sustainable infrastructure investment firm Generate Capital has raised US$2 billion in funding to scale its support for sectors such as clean energy.
PV Tech Premium
July 15, 2021
Earlier this week the US National Renewable Energy Laboratory (NREL) published its 2021 Annual Technology Baseline (ATB) document, detailing the continued reduction in the levelised cost of electricity (LCOE) of the country’s core generators. Liam Stoker takes a look at the data and discusses just how cheap solar, and solar-storage, could become.
July 15, 2021
Legislation that would ban the import of all products from China’s Xinjiang region into the US has taken a critical step forward, passing the US Senate.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021