community solar

New York State has announced plans to speed up the permitting process for distributed renewable energy and transmission projects, alongside an initiative to boost access to community solar.

US community solar company Nautilus Solar Energy has acquired a portfolio of 16 community solar projects with a combined capacity of 75.6MW.

Radial Power has raised US$80 million in tax equity financing from the Bank of America to develop 96MW of new solar capacity in the US.

New York state has installed 2GW of community solar capacity, according to the New York State Energy and Research Development Authority.

Summit Ridge Energy has acquired a portfolio of community solar projects in the state of Virginia, with a total capacity of 100MW.

Small-scale utility and community solar developer Renewable Properties has secured a US$25 million development capital investment to continue developing its 1GW US community solar project pipeline.

A round up of the most recent community solar developments from the US, including a 12MW portfolio acquisition by Standard Solar from New Leaf Energy, construction plans for a 15MW cluster in Illinois and the winners of the Department of Energy’s community solar awards.

Global alternative asset manager Blackstone is lending US$200 million towards the construction of new solar PV projects in the US by Altus Power.

After the passing of the Inflation Reduction Act, growth of community solar is expected to accelerate due to federal and state-level laws.

US community solar service provider Perch Energy has secured US$30 million from investment company Nuveen.