Solar Smart Design

CIT Group Inc. | June 24, 2020

CIT Group Inc. today announced that its Power and Energy unit served as sole lead arranger on an $85 million financing for the 80-megawatt Pioneer Solar project near Denver, Colorado. The financing was arranged on behalf of project sponsor Idemitsu Renewables (formerly Solar Frontier Americas), a leading solar project developer that has successfully built and sold hundreds of megawatts of utility-scale solar power since 2015. The project will sell power to Intermountain Rural Electric Associatio...

Tesla | February 27, 2020

Tesla and PG&E are looking to build a massive 1GWh Megapack installation at the Moss Landing, California power facility. The Monterey County Planning Commission unanimously approved the Pacific Gas and Electric-backed project on Wednesday, which will be known as the Elkhorn Battery Storage Facility and will involve both solar and wind energy. “It’s huge for the area and as you know the power plant has been gradually shutting down and they producing about one-tenth of the power they used to produ...

Industry Updates

Genesis Ray Energy | July 27, 2021

Genesis Ray Energy, a Singapore-based energy technology and research firm, has earned another feather to its cap. It just released the GenRay Site Suitability Mapping Module, a critical tool for evaluating and selecting the best site for renewable energy projects. The technology is especially useful in the current Covid-19 era, when large physical site surveys have become impractical. The Site Suitability tool allows for a virtual desktop survey of prospective sites on key paramet...

Solar+Storage

Motive Energy | February 23, 2022

Motive Energy, one of the largest forklift battery and charger suppliers in the United States announces the expansion of its offerings to include Solar, Energy Storage Systems (ESS), and Electric Vehicle (EV) Charging. Motive Energy is restructuring into two divisions: Power Solutions and Energy Solutions. Motive Energy's existing material handling offerings will form its Power Solutions division while Motive Energy is reorganizing its 15-year-old Solar group with its ESS and EV Charging div...