Nestlé is the sole tax equity investor of the 326MW Stampede solar-plus-storage project and will also acquire the renewable energy attributes from the whole capacity of the solar PV plant.
According to data from the US Energy Information Administration (EIA) latest report “Preliminary Monthly Electric Generator Inventory”, solar PV accounted for 59% of all additions.
Japanese PV inverter manufacturer Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) has expanded its footprint in the US with the construction of a 9GW inverter facility.
The transaction also sets the stage for both companies to enter into a Memorandum of Understanding for future collaboration on the development of renewable energy.
