community solar

Swiss fund manager SUSI Partners, through its Energy Transition Fund (SETF), has invested and acquired a controlling stake in solar PV and storage developer Encore Renewable Energy in the US.

The projects will be realised by the end of this decade and will represent around US$1 billion in investment, according to Founder & CEO of Edelen Renewables, Adam Edelen.

US renewables developer Pivot Energy has closed a US$203 million financing facility to fund 100MW of distributed solar PV projects across numerous states.

Utility Duke Energy has completed two more solar PV projects in northern Florida, adding 150MW to its portfolio.

Community solar is poised to exponentially grow in the coming years through the IRA and other state-level legislations, as well as in agriPV.

The Ministry of Ecological Transition (MITECO) in Spain has published its proposal to regulate renewable communities in the country.

US utility Duke Energy has added 150MW worth of community solar to its Florida portfolio as part of its Clean Energy Connection programme.

US community solar developer Summit Ridge Energy has signed an agreement with solar PV manufacturer QCells to buy 1.2GW of solar modules. 

Canadian solar developer OYA Renewables has secured US$27 million in financing from City National Bank, the US subsidiary of the Royal Bank of Canada.

Last week’s collapse of Silicon Valley Bank (SVB) has brought doubts in terms of capital financing for the renewable industry with a big impact on the community solar market as the entity had financed up to 62% of the US community market.