Page 15 - Solar Development News Today

How a 2019 Maine law spurred $100 million in solar investment Lawmakers are reviewing the net energy billing policy, hoping to find the sweet spot that both encourages renewable energy and offers the greatest benefit to electricity customers. Share The city of Portland and ReVision Energy celebrated the city’s solar installation at the Portland Landfill in December 2018. Derek Davis/Staff Photographer Last January, New Jersey-based Nautilus Solar Energy LLC  acquired three yet-to-be-built...

BlackRock raises US$4.8 billion for renewables investment BlackRock bought US PV developer Distributed Solar Development last year. Image: BlackRock Asset managing giant BlackRock has raised US$4.8 billion from institutional investors to fund renewable power generation projects in Europe, Asia and the Americas. BlackRock has closed the third fund of its Global Renewable Power Fund (GRPIF), securing investment from a range of pension funds, foundations, family offices and insurance companies fro...

Nautilus Solar Energy, announced the acquisition of eight community solar projects in Maine totaling 47.2 megawatts direct current from ISM Solar Development.  Construction of the projects, located in Cumberland, Knox, Oxford and York counties, is expected to begin in the third quarter of 2021. Upon completion, these projects will provide a clean energy option to almost 10,000 households within the Central Maine Power electric utility territory. These projects are part of Maine’s Net Energy ...

As Maine’s solar-power industry enjoys a new jolt of investment, eight planned community solar facilities across the state have been sold to a New Jersey company. Nautilus Solar Energy LLC has acquired the projects, totaling 47.2 megawatts in projected capacity, from ISM Solar Development LLC for an undisclosed price, according to a news release Thursday. The solar developments are in Cumberland, Knox, Oxford and York counties, but specific locations were not immediately available. Nautilus e...

EDP Renewables targets distributed generation in US after C2 Omega acquisition EDP Renewables’ 20MW Cameron Solar Park in South Carolina. Image: EDP Renewables via Twitter. EDP Renewables (EDPR) has completed its acquisition of the distributed solar platform of renewables investor C2 Energy Capital. The platform, called C2 Omega LLC, has 89MW of operating capacity and a 150MW development pipeline including 200 installations in 16 US states. Miguel Prado, chief executive of EDPR North America ...

DSD lands US$150m construction finance for C&I solar pipeline The funding has been secured from Rabobank. Image: DSD US solar and energy storage company Distributed Solar Development (DSD) has secured construction finance worth US$150 million from Rabobank to support its commercial and industrial (C&I) development pipeline for the next two years. The food and agribusiness bank has provided DSD with a two-year, US$150 million construction revolving credit facility, weeks after the distributed so...

Distributed Solar Development­­ (DSD) has completed a custom solar carport designed and built for IKEA Baltimore. Initial results exceeded expectations with the location seeing an 84% decrease in the amount of energy needed to be purchased between September – December 2020, equating to a 57% cost savings for the store. This is the first of eight projects that DSD will develop for IKEA U.S. stores in Maryland and California, which are on track to be completed in 2021. The projects will help ...

(Credit: Distributed Solar Development, LLC) IKEA US today announced the completion of its first solar car park at IKEA Baltimore and has plans to build an additional seven projects at IKEA stores in Maryland and California. Initial results have exceeded expectations as the Baltimore location has seen an 84% decrease in the amount of energy needed to be purchased between September and December 2020, equating to a 57% energy cost savings for the store. IKEA currently has 54 rooftop solar arrays ...

Virginia localities have a new tool to help maximize the economic potential of solar development in their communities.

Courtesy of NREL The financing is aligned with DSD’s 2021-2022 projects under development and flexible enough to support its anticipated scale of growth. “Our team’s ability to map out projects is among the best in the industry” said Erik Schiemann, CEO at DSD. “The fact that our pipeline is developed to the point where we can sustain two-year availability with a leading global financial institution is a clear indication of how renewable energy is driving business as well as environ...