Page 29 - Solar Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 community solar projects in Wells, Fryeburg and Sanford, with financial backing from its Canadian p...

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 from 18 countries. The announcement comes after BlackRock managed to break its own fundraising record w...

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 Billing program, which was amended in June 2019 by Governor Mills to provide renewable energy benefi...

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 expects to break ground on the projects in the third quarter of this year. Nautilus said that when co...

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 and of the new business arm, said the acquisition’s close “confirms our commitment to the North ...