Nexamp | March 08, 2021
Nexamp, Inc., a main renewable energy generator and local area solar supplier, has shut a $440 million senior got credit office for a 380-megawatt portfolio of solar and energy stockpiling resources, the biggest debt financing of its sort. The assorted portfolio traverses five state markets and comprises of almost 100 local area solar tasks, including energy stockpiling limit adding up to 120MWh. MUFG Union Bank, N.A. filled in as the Coordinating Lead Arranger for the partnered financing, which included support from a far reaching gathering of market-driving loan specialists.
Nexamp has arisen as the biggest proprietor administrator of local area solar resources across the area's quickest developing business sectors, and this financing mirrors the organization's situation as a market chief with a demonstrated history of renewable energy financing and resource arrangement. Evenhanded admittance to clean energy is a sign of Nexamp's main goal; this declaration insists the accomplishment of the organization's imaginative local area solar stage that makes solar a possibility for anybody, with no credit checks for people, no direct charges, nothing to introduce and no drawn out responsibility.
"The strong lender interest in response to this portfolio demonstrates the momentum behind the renewable energy industry and is a clear validation of Nexamp's approach," noted Peter Tawczynski, Chief Financial Officer, Nexamp. "We have built the most progressive and accessible community solar model available today, removing many of the traditional barriers and making it simple for customers to partner with Nexamp. As we bolster our solar portfolio with energy storage solutions, we look forward to launching new products in more geographies and delivering savings to our expanding customer base."
The financing course of action, joined with Nexamp's extraordinarily coordinated plan of action, positions the organization for quickened development in the coming year. Nexamp creates, gets, assembles, claims and works its solar and capacity projects, while getting and dealing with a quickly developing client endorser base of in excess of 25,000 homes and organizations. With almost 300 new solar and capacity projects in the pipeline, this financing perceives Nexamp's unparalleled ability to make clean energy open rapidly to more networks.
"Nexamp aims to help our customers and partners accelerate their decarbonization journey. Our community solar platform is an increasingly important part of that process for many, combining meaningful cost savings with a simple way to contribute to the clean energy revolution," said Nexamp CEO Zaid Ashai. "This financing enables Nexamp to double down on our own urgent mission to deliver sustainable energy options for our customers in an equitable manner."
"Distributed power generation—and community solar in particular—is a growing segment of the renewable energy market that plays a vital role in reducing carbon emissions with the participation of a wide range of community members, and Nexamp is a reputable market leader in this field," says Takaki Sakai, Managing Director of MUFG's Project Finance team that led the financing. "MUFG is honored to help Nexamp advance its continued growth through the successful closing of this landmark debt financing—one of the largest to have been provided to a community solar portfolio—and we look forward to continuing our strong partnership."
Nexamp is leading the transformation to the new energy economy with proven solar and storage solutions that make clean energy more accessible. Our comprehensive solar and energy storage capabilities—including project development and acquisition, design, construction, and operations—make it possible to extend clean energy savings and benefits to more customers. Nexamp's industry-leading community solar platform makes solar an option for anyone, providing guaranteed savings on their annual electricity costs. With more than 300 MW of renewable energy generating assets currently in operation, we are building a decarbonized energy future.
Sungrow Power Supply Co., Ltd | March 07, 2022
Sungrow, the world's leading provider of renewable energy inverter solutions, announced that the SG6.0RS, a key product in Sungrow's brand-new home photovoltaic and energy storage system portfolio, has won the Contemporary Good Design Award. This internationally renowned award, presented by The Red Dot Organization, recognizes this product, as well as the entire series of residential products, for its superior aesthetics and functionality.
The SG6.0RS, as well as the similar residential series SG2.0-10.0 RS, are compatible with higher power panels, support up to three MPPTs, and can reach input currents of up to 16A per MPPT.As a result, the yield has increased even further. The simple design facilitates installation and application. This machine is smaller and lighter than comparable goods due to the ultra-thin panel and compact design. To perform the installation, only one person is required. Designed for ease of use, consumers may view power, yield, and problem information plainly and directly on the LED display without using their phones. As safety is a key priority for Sungrow, the product design team ensured that this product was completely secure and protected. Residential consumers may rely on this inverter for a lifetime of use due to the C5 anti-corrosion rating, IP65 protection, AFCI 2.0, and outstanding heat dissipation design. This new home series has been supplied to Europe, Australia, the Middle East, and other places, giving clean energy to over 30,000 families.
Due to the fact that this product series is supplied to the global home market, its R & D team developed changes based on consumer demand worldwide. Previously, buyers of home inverters were inconvenienced by awkward installation and complex applications. Additionally, when multiple residential inverters are used, they generate a lot of noise and a lot of heat. Sungrow's research and development team updated its residential series to address these issues.
"In many countries, residential users are the major consumers of electricity. As a result, we make it a mission to provide them with the most efficient, safe, and convenient experience of using clean energy. We achieve this by consistently working to improve their products with their customers and offering them the best possible solutions."
-The National Center for Industrial Design in Sungrow
The global home solar energy market has risen significantly during the last year, reaching a capacity of around 40 GWac. Countries such as the United States, Australia, and Germany intend to boost their reliance on renewable energy by deploying household solar PV and energy storage systems. Sungrow offers a variety of home options, including the photovoltaic inverter SG2.0-10.0RS, the hybrid inverter SH3.0-6.0RS, and a variety of battery kinds. To further simplify the user experience for residential clients, Sungrow now equips PV and storage systems with sophisticated monitoring solutions such as Winet-S and iSolarCloud. All of these products have been shown to be efficient and dependable for residential consumers globally.
Canadian Solar | November 23, 2020
Canadian Solar Inc. one of the world's biggest sunlight based force organizations, reported that it as of late consented to a force buy arrangement ("PPA") with BTG Pactual ("BTG", B3: BPAC11) and that it was granted with two ventures in a private sale by Furnas Centrais Eletricas ("Furnas") for a sum of 862 MWp in sun oriented force ventures in Brazil.
For the 12-year PPA with BTG, Canadian Solar will flexibly sun based energy from a 170 MWp bunch of ventures situated in the State of Minas Gerais. The ventures will begin development in 2021 and are relied upon to accomplish business activity before the finish of 2022. BTG is one of the principle speculation banks in Latin America and runs one of the biggest energy exchanging organizations Brazil.
Furnas will buy sun powered energy from two Canadian Solar ventures through a 15-year PPA. Canadian Solar will create and manufacture both Furnas ventures totalling 692 MWp. One of them, will be situated in the State of Ceará and will have a limit of 260 MWp. The subsequent undertaking is situated in the State of Piuaí and will have a limit of 432 MWp. The two tasks will begin development in 2022 and are required to arrive at business activity before the finish of 2023.
Furnas is a majority-controlled subsidiary of Centrais Elétricas Brasileiras S.A. – Eletrobras ("Eletrobras",NYSE: EBR). Furnas' business is mainly in energy generation, transmission and sales. It operates in 16 Brazilian states and is the owner of 21 hydro plants, 2 thermal plants, 1 wind farm and 30,000 kilometers of transmission lines.
Dr. Shawn Qu, Chairman and CEO of Canadian Solar, commented, "We are pleased to partner with BTG and Furnas to deliver clean solar energy to Brazilian consumers. I am also proud of our team's great work in expanding our leadership position in the solar project development market in Brazil. After the 274 MWp in corporate PPAs that we signed earlier in June, the volume of projects secured in this PPA and auction is the largest in Canadian Solar's history, and it increases our backlog of solar projects in Brazil with PPAs (or equivalent) to almost 2.2 GWp."
"We are also making good progress on our project monetization strategy in Brazil, where we are in the process of forming a Brazilian Participation Fund for Infrastructure projects, or FIP-IE, which is on track to launch in 2021. This will help accelerate our growth in the Brazilian market as we optimize our capital allocation. More updates to come."