Market research firm, IHS Markit expects global solar installations to continue double-digit growth rates in 2020, forecasting new installs to hit 142GW, a 14% increase over 2019.
Greenbacker Renewable Energy Company, through a wholly-owned subsidiary, has signed the rights to an approximately 110MW portfolio of solar projects located in Greene and Albany counties, New York, from Hecate Energy.
Hecate Energy’s proposed 100MW Santa Teresa solar project has been selected by El Paso Electric Company (EPE) as part of a 350MW solar and storage RFP process designed to add new clean resources to the EPE system.
The New Jersey Board of Public Utilities (NJBPU) approved 45 applications that will participate in the first year of its Community Solar Energy Pilot Program. In total, 100% of the approved renewable energy projects will serve low to moderate-income (LMI) households within the state.
The US domestic installer has clinched a US$95 million revolving asset-based loan facility and a private placement of US$55 million aggregate principal amount of convertible senior notes.
The US installer will use the funding to refinance a working capital facility and purchase equipment that will qualify its projects for the full ITC rate before it depreciates to 26% on 1 January.
A partnership comprised of EDP Renewables and ConnectGen has signed off on a deal with First Solar to acquire three PV projects with a combined installed generation capacity of 278MW.
Innovative Solar Systems is offering two large-scale PV projects in Texas for immediate acquisition. One installation is a 300MW PV project located in Jones County, Texas, while the other project is a 125MW solar installation in Fisher County, Texas.
