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Firm bags US$204.5m from five banks as it acquires solar scheme in Nolan County, set to become its largest renewable venture once live.

Without the ITC solar will generate 12% of US electricity in 2030 instead of 16%, according to the SEIA.

The partnership will allow the regional developer to deploy 100MW of distributed solar annually in the US and expand its reach beyond the south-eastern US.

BlackRock took an 80% stake in the new company, Distributed Solar Development, in an undisclosed deal. The new business will design, build, own and operate distributed solar and storage solutions for industrial, commercial and public-service customers.

Close to 1,000 companies from across the US solar industry supply chain sent a letter to Congress this week calling for the extension of the Section 48 and Section 25D solar investment tax credits (ITC).

The project, financed by US Bank, HSBC, Rabobank and Nord/LB is expected to become operational mid-2020.

Insurance helps firm secure fresh debt for Grand Ridge Solar, built earlier this decade and joined by storage facility since 2015.

The Clean Energy Infrastructure (CEI) arm of independent global private asset management firm Capital Dynamics has formed a joint venture with solar finance and development company Sol Systems.

New Mexico and Tennessee utilities have both released blueprints for new solar, storage and gas infrastructure.

Extending timeframes to 2040-2050 and allowing natural gas, nuclear to play role would be key to achieving ‘unprecedented’ redesign of power sector, says firm.