Investment company Hannon Armstrong has issued US$163.75 million in green bonds to support an extensive portfolio of PV projects located across the US.
The supported PV portfolio is comprised of 57 projects in eight separate states, with the installations representing a combined generation capacity of 1.2GW.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Hannon Armstrong will own the leasing rights to the 57 projects under a number of extended power purchase agreements (PPAs).
California will gain the majority of the funding with the bond issuance, with the state expected to receive US$119 million from the release. New York comes in second with US$18 million, followed by Utah at US$8.3 million.
The next five states are Arizona (US$7.7 million), Minnesota (US$5.3 million), North Carolina (US$3 million), Mississippi (2.1 million) and Massachusetts (US$400,000).
