Hannon Armstrong issues US$163 million in green bonds to 57-project PV portfolio

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The supported PV portfolio is comprised of 57 projects in eight separate states — with the installations representing a combined generation capacity of 1.2GW. Image: Oregon Department of Transportation / Flickr

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.

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).

Read Next

June 15, 2021
The confidence of renewable energy investors and developers stands at an “all-time high”, a new report by the American Council on Renewable Energy (ACORE) claims, however investment must surge in the coming years if the US is to meet decarbonisation goals.
June 9, 2021
Polish PV developer R.Power has launched a green bond issuance worth up to €225 million (US$274.3 million), the proceeds of which will be used to increase its solar power capacity in Europe.
May 31, 2021
A round-up of the latest news from the US solar market, as Amber Infrastructure Group forms a Michigan-focused renewables development firm and Guzman Energy partners with Primergy Solar on a new Colorado PV project.
May 17, 2021
California could be at risk of energy shortfalls this summer because of above-normal temperatures impacting solar output, the North American Electric Reliability Corporation (NERC) has warned.
May 11, 2021
Solar-plus-storage is on offer from Swell Energy to Southern California Edison (SCE) customers enrolling in its two virtual power plant (VPP) programs, which are set to boost local resilience.
April 26, 2021
New York Governor Andrew Cuomo has said more than 20 large-scale renewables projects will be under construction in the state this year, as he announced its latest clean energy solicitation.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021