Greenbacker Renewable Energy Company, through a wholly-owned subsidiary, has signed the rights to an approximately 110MW portfolio of solar projects located in Greene and Albany counties, New York, from Hecate Energy.
‘Solar Module Super League’ (SMSL) member, First Solar has agreed to settle a 2012 class action lawsuit to the tune of US$350 million. The settlement is subject to approval by the United States District Court for the District of Arizona.
Hecate Energy’s proposed 100MW Santa Teresa solar project has been selected by El Paso Electric Company (EPE) as part of a 350MW solar and storage RFP process designed to add new clean resources to the EPE system.
The New Jersey Board of Public Utilities (NJBPU) approved 45 applications that will participate in the first year of its Community Solar Energy Pilot Program. In total, 100% of the approved renewable energy projects will serve low to moderate-income (LMI) households within the state.
The US domestic installer has clinched a US$95 million revolving asset-based loan facility and a private placement of US$55 million aggregate principal amount of convertible senior notes.
Solar developer Silicon Ranch and utility Walton EMC have extended their solar relationship with Facebook, committing to build a further two solar farms for the social media giant.
The US installer will use the funding to refinance a working capital facility and purchase equipment that will qualify its projects for the full ITC rate before it depreciates to 26% on 1 January.
