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.
Community solar deployment in the US is set to be boosted by support programmes and clean energy commitments from state governments, according to Wood Mackenzie, which has increased its install projections in spite of interconnection challenges facing the segment.
The Senate of Illinois has passed legislation that will commit the US state to reaching 50% renewables by 2040 and 100% carbon-free electricity by 2045.
Energy technology company AES Corporation has secured a US$301 million debt facility to finance the development of a community solar power project portfolio totalling 215MWdc capacity.