Sol Systems

Sol Systems | September 14, 2018

Sol Systems and Nationwide Insurance announced that their Helios infrastructure joint-venture has executed a framework agreement to purchase a 135-MW portfolio of North Carolina solar projects from Cypress Creek Renewables. Launched in February 2018, Helios invests in utility-scale solar energy assets throughout the United States, combining tax-efficient sponsor capital with highly sophisticated financial structuring. Helios’ portfolio approach centers around purchasing late stage development as...

Sol Systems | July 22, 2020

Sol Systems, a national solar energy finance and development firm, announced a new initiative with Microsoft that creates the first community investment fund and the company’s single largest renewable energy portfolio energy purchase agreement. Sol Systems and Microsoft designed the portfolio to maximize its positive environmental, community and societal impact. The strategic initiative will help Microsoft meet its goal of shifting to 100% renewable energy by 2025....

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,...

Oil & Gas 360 | January 13, 2020

Ormat Technologies, Inc. (NYSE: ORA) today announced the signing of two similar Power Purchase Agreements (PPA) with Silicon Valley Clean Energy (SVCE) and Monterey Bay Community Power (MBCP). Under the PPAs, SVCE and MBCP will each purchase 7MW (for a total of 14 MW) of power generated by the expected 30MW Casa Diablo-IV (CD4) geothermal project located in Mammoth Lakes, California. The PPAs are for a term of 10 years and have a fixed MWh price, which includes energy, capacity, environmental at...