Velo Solar

SOLAR+STORAGE

D. E. Shaw Renewable Investments | September 20, 2021

D. E. Shaw Renewable Investments (DESRI) announced today the closing of the acquisition of and debt financing for the Arroyo Solar and Storage (Arroyo) project. Arroyo is a 300 MWAC solar and 150 MWAC/600 MWh battery energy storage system facility that is being developed in McKinley County, New Mexico. The first phase of the project is expected to commence operations in June 2022, with full commercial operation anticipated for fall 2022. Arroyo is DESRI's first solar project with co-located ...

ENERGY

ENGIE | January 14, 2021

ENGIE North America today announced it has added nearly 2 GW of renewable energy to the U.S. in 2020, as part of ENGIE's commitment to deliver 9 GW of renewable energy capacity globally between 2019 and 2021. These new clean energy capacities will offset nearly 2.1 million metric tons of carbon and bring ENGIE's renewables capacity to more than 3 GW in North America – enough to power 1.3 million homes. The six grid-scale wind projects and two grid-scale solar project...

CIT Group Inc. | July 08, 2020

CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as lead arranger on a $118.5 million financing for the utility-scale Harts Mill Solar project in Edgecombe County, North Carolina. The project is owned by Kayne Anderson Capital Advisors L.P., a leading alternative investment manager, and marks their first solar investment supplying the PJM Interconnection grid. Kayne has partnered with Birch Creek Development and Pine Gate Renewables, a successful utility-scale...

Scatec Solar | October 16, 2020

Scatec Solar has signed a binding agreement to acquire 100% of the shares in SN Power, a leading hydropower developer and IPP, from Norfund for a total equity value of USD 1,166 million. The acquisition forms an important part of Scatec Solar’s broadened growth strategy, with an ambition to become a global large-scale player in solar, hydro, wind and storage solutions, and an integrator of high-value infrastructure solutions. Scatec Solar and SN Power have a unique and complementary portfo...