GATHERING IN THE UNITED STATES: Signal Energy, Nextracker selected for an American portfolio of 728 MW, Longroad Energy seals the financing of 200 MWdc
A summary of the latest stories from the US solar market, with news from EPC Signal Energy and tracker supplier Nextracker selected for a 728 MW solar portfolio in Texas and California, and from Longroad Energy finalizing a finance package for its solar project of 200 MWdc in Arizona.
Intersect turns to Signal Energy, Nextracker for 728 MW solar portfolio
July 20, 2021: Intersect Power, a large-scale renewable energy developer, has appointed Signal Energy as the engineering, procurement and construction agent for 728 MWdc of solar power in Texas and California.
The company also contracted Nextracker to supply its NX Horizon smart solar trackers and TrueCapture yield optimization software for the portfolio, which consists of two projects.
The 415MWdc Radian project in Texas and the 313MWdc Athos III project in California are expected to begin construction later this year before becoming operational in 2022.
First Solar is the module supplier for both projects, with the manufacturer’s 6 series panels to be used.
Longroad Energy completes financing for 200 MWdc project in Arizona
July 20, 2021: The American renewable energy developer Longroad Energy has finalized the financing of a 200 MWdp project it is presenting in Maricopa County, Arizona.
The Sun Streams 2 project, acquired from solar power maker First Solar earlier this year, is funded by CIBC acting as lead arranger, guarantee agent and issuing bank, with Silicon Valley Bank serving as lead arranger. coordination and administrative agent.
Helaba also participated, while PNC Bank is the sole tax capital investor in the project.
The project is supported by a 20-year revenue agreement with Microsoft, which sources electricity from the facility. The operational facility was built using First Solar 6 series modules, Nextracker trackers and SMA inverters.
Palladium Energy targets 500 MW of solar and solar storage with new capital
July 20, 2021: Developer and investor Palladium Energy has secured a new tranche of funding to pursue 500 MW of solar and solar storage projects in the United States.
Palladium secured new capital from Treehouse Development Finance through its joint venture with Oak Savanna Solar Investors, with the funds directly contributing to efforts to create, acquire and develop new solar assets.
“This additional capital increase testifies not only to the partnership between Palladium and Oak Savanna, but also to the importance of solar and solar + storage projects for the energy transition. We are delighted to be working with TDF to acquire and develop a portfolio of large-scale renewable energy projects, ”said Danny Weidlich, Managing Partner at Palladium.