US ROUND-UP: Cubico makes maiden MISO deal, US Solar Fund completes solar build-out

Facebook
Twitter
LinkedIn
Reddit
Email
The Arlington Valley Solar Energy II project (pictured) will transfer to Capital Dynamics. Image: LS Power.

A round-up of the latest news from the US solar market, including developments from Cubico and US Solar Fund.

 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Cubico acquires 270MW US portfolio from RES

24 November 2020: Renewables investor Cubico Sustainable Investments has completed the acquisition of two solar projects from developer RES, totalling 270MW of generation capacity.

The projects – Delta’s Edge and Crossett – are both underpinned by long-term power purchase agreements with regional cooperative utilities, and will be constructed by RES. They are slated to begin commercial operations in 2022, with financial close expected in Q1 2021.

The projects represent Cubico’s first acquisition within the Midcontinent Independent System Operator (MISO) region.

“We are happy to support these local communities through economic development, by investing in greenfield clean energy projects. The acquisition of Delta’s Edge and Crossett is complementary to our existing solar investments across the southeast US and Texas,” Lance Jordan, senior VP of origination and execution at Cubico, said.

 

US Solar Fund energises Utah solar project, completing fund’s build-out program

23 November 2020: London-based US Solar Fund has celebrated the completion of its solar build-out programme by completing its 128MWdc Milford Plant project in Utah.

The project, which came onstream last week, was completed on time and under-budget, US Solar Fund said, confirming that now all 41 of its portfolio projects was operational and generating revenue.

The Milford Plant saved construction and development costs of around US$4 million, the fund said, while the earlier-than-expect commercial operations date will provide additional revenue of around US$1 million.

“I am delighted that we have reached the point where all the company’s solar plants are in operation and generating power. This puts us firmly on track to pay and cash cover the full target dividend of 5.5 cents per share in 2021. We look forward to growing the company and delivering on the investment mandate,” Gill Nott, chair at US Solar Fund, said.

 

Capital Dynamics completes LS Power project acquisition

19 November 2020: Asset management firm Capital Dynamics has completed the acquisition of three utility-scale solar projects from developer LS Power.

The deal, previously disclosed in September, will see Capital Dynamics acquire a portfolio of projects with a total combined generation capacity of 316MWdc in states including California, Arizona and Delaware.

The portfolio includes:

  • 100% ownership of the Centinela Solar Energy project, a 252MWdc array in California
  • 100% ownership of the Dover Sun Park, a 11MWdc project in Delaware
  • A 30% stake in Arlington Valley Solar Energy II, a 175MWdc array in Arizona.

“With the addition of these high-quality assets, our team further cements our position as the largest private owner of solar assets in the United States, with a fleet exceeding 3.5 gigawatts (GWdc),” Tim Short, managing director of clean energy infrastructure at Capital Dynamics, said.  

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

May 30, 2024
A new report from the Lawrence Berkeley National Laboratory found that new solar and wind capacity drove US$249 billion of economic benefits.
May 30, 2024
Maxon Solar Technologies posted net losses of US$14.87 million in its Q1 2024 financial results. It also announced that its future utility-scale solar business will be “focused exclusively on the US”.
May 30, 2024
Renewables developer EPR Renewables North America has built a 157MW solar PV project in Arkansas, marking the company’s entry into the state.
May 30, 2024
The US government has proposed new regulations regarding tax credits for the owners of renewable energy and energy storage facilities eligible for support under the Inflation Reduction Act (IRA).
May 29, 2024
Responsibility for awarding permits for new renewable projects in Michigan will remain with the state’s Public Service Commission.
May 28, 2024
US solar project company Pine Gate Renewables has signed an environmental asset purchase agreement (EAPA) with the social media giant Meta for a 204MW solar PV project in Temple, Texas.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 4, 2024
London, UK
Upcoming Webinars
June 11, 2024
3:00 PM (BST) / 4:00 PM (CEST)
Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore