ROUND-UP: Greenwood 26MW US financing, Ross Solar completes PV project in New York & more

September 6, 2017
Facebook
Twitter
LinkedIn
Reddit
Email

Greenwood Energy Announces the Financial Closing of 26 MW

Credit: Greenwood Energy

Greenwood Energy has closed on $52.8 million of tax equity and debt financing for a 26MW portfolio of solar PV projects.

Tax equity financing was provided by U.S. Bancorp Community Development Corporation and debt financing was provided by Santander Bank.

This article requires Premium SubscriptionBasic (FREE) Subscription

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

Greenwood Energy now has an 84MW solar portfolio in the US, made up of six projects in Florida, Vermont and New York.

Construction of the Florida and Vermont projects is complete with energy expected to start to be supplied imminently. The New York projects are advanced in their construction phase and will be commercially operational in early 2018.

Ross Solar completes another phase of 4.2MW PV portfolio in New York

Ross Solar, a Con Edison Solutions company, announced Tuesday that it has completed the third of four solar installations for Jetro Restaurant Depot at Jetro's Port Chester facility in Westchester County, New York.

Comprised of 3,392 high-efficiency SunPower E-series solar panels, the 1.1MW PV installation at Port Chester is expected to generate 1,274,975 kWh of clean electricity per year and offset 940 metric tons of greenhouse gas emissions annually — standing as a reduction in CO2 emissions equivalent to 2,252,321 miles driven by an average passenger vehicle.

Upon completion of the entire Jetro’s project, all four installations will represent a combined generation capacity of 4.2MW.

Power Ledger raises US$13.6 million in pre-sale ICO

Energy technology company Power Ledger announced Monday that it has raised US$13.6 million in the pre-sale stage of its initial coin offering (ICO), which was sold out in a little over three days.

Dr. Jemma Green, co-founder and chair of Power Ledger, said: “We are absolutely thrilled with the results of the public presale. Selling out in just over three days is a very strong performance in line with global ICO standards, which speaks to the strong levels of interest from consumer and institutional buyers.”

Power Ledger co-founder and managing director Dave Martin added: “Demand has significantly exceeded our expectations. As the first Australian ICO, we’ve been breaking new ground, and have been unable to rely on precedent to help us set targets. We initially hoped to conservatively sell up to AUS$20 million, but the strength of the market response has been absolutely phenomenal.”

Power Ledger’s blockchain-enabled system creates peer-to-peer renewable energy marketplaces, including where participating consumers and distributed energy resources are able to trade their renewable energy using blockchain technology.

Mecasolar and Seiso partnership in Turkey

Solar tracker firm Mecasolar has partnered Turkish supplier Seiso, a member of Solimpeks, for the Turkish market.

The Spanish multi-national and the Turkish supplier have developed a cooperation that will strengthen its position and will meet the local initiatives, enhancing economic competiveness and creating a strategic global hub that will serve the national market and beyond, according to a Mecasolar release.

Alexandros Giannis, CEO of Mecasolar, said: “We are all very proud to announce the collaboration with Seiso that will expand and localize industrial value chains in Turkey. Our roots are deep, and today with our partners, we are growing in a new and visionary way.”

Halil İbrahim Dag, managing director of Seiso, added: “This partnership aligns with our core strategy on many fronts and can help provide our mutual customers with superior quality and value.”

Read Next

November 21, 2025
CPS Energy has issued a request for proposals (RFP) to acquire 600MW of new solar capacity through power purchase agreements (PPA).
November 20, 2025
Australia achieved a record-breaking 5.3GW of solar PV installations in 2024, marking a recovery for the market while highlighting the nation's unique position as a rooftop-dominated solar economy.
November 20, 2025
SunCable has submitted its 20GW Muckaty Solar Precinct proposal to Australia's EPBC Act for federal environmental assessment.
November 20, 2025
US independent power producer (IPP) Arevon Energy has begun construction on a 124MW solar PV project in Illinois, its first utility-scale project in the state.
November 19, 2025
The US Department of Energy (DOE) will need to invest US$25 billion by 2030 to maintain its position as a leader in the global energy sector.
November 19, 2025
Recurrent Energy has sold its 275MWdc Gunning hybrid solar-plus-storage project in New South Wales, Australia.

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 24, 2026
Lisbon, Portugal
Solar Media Events
June 16, 2026
Napa, USA