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Blackstone | January 14, 2020
Private equity giant Blackstone is recapitalizing a U.S. solar power company with $850 million in new investment. Altus Power America, based in Connecticut, announced the Blackstone contribution to refinance its existing capital structure and fund future development. Blackstone made the investment through its GSO Capital Partners LP and Blackstone Insurance Solutions (BIS) Groups. “We’re incredibly enthusiastic to be partnering with Blackstone as we position our business for accelerating growth,...
Scatec ASA | July 11, 2022
Scatec ASA, a leading renewable energy solutions provider, is starting construction activities together with partners for the Mendubim solar project in the state of Rio Grande do Norte in Brazil, one of the largest energy producing countries in the world.
The 531 megawatt (MW) solar project is Scatec’s second project in Brazil and is being realised in partnership with Equinor ASA and Hydro Rein. The companies have signed a 20-year USD-denominated power purchase agreement (PP...
Tesla | March 16, 2020
US District court had postponed a trial of Tesla boss Elon Musk on coronavirus concerns which has been set to begin on Monday (March 16th) over a $2.2 billion deal linked to Tesla Inc.’s purchase of SolarCity back in the 2016, which Tesla shareholders claimed had benefitted Musk at the expense of Tesla Inc.. Besides, as a next trial date of the case had not yet been declared, several industry analysts were quoted saying that the outcome of the case might depend on the Tesla Inc. owner, Elon Musk...
Streetwise Reports | April 02, 2020
UGE International Ltd. announced the signing of an agreement for its largest U.S. project ever, a 6.6 MW project in Westchester County, New York. Located on a corporate campus, the project will feed energy into the grid while providing energy credits to community solar subscribers at a discounted rate. "The project is approximately 12-15 times the size of UGE's average project and, when completed, will produce power for an estimated 1,000 homes for the duration of the system's lifetime," the com...
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