$509 million for Arevon: Renewable energy developer Arevon Energy has achieved a $509 million financial close for its 430 MW DC Kelso 1 & 2 Projects in Scott County, Missouri. These facilities are the company’s 1st utility-scale projects in Missouri and the transaction its 8th project financing in the last 18 months totaling over $3.7 billion. This financing comprises a $245 million bridge loan, a $172 million construction loan and a $92 million credit support from a host of lenders including Canadian Imperial Bank of Commerce (CIBC), Commerzbank, Commonwealth Bank of Australia, Lloyds Bank, and the National Bank of Canada.
Mock flexible solar installations: A SinglePoint subsidiary Boston Solar has partnered with flexible solar technology company Active Surfaces to conduct mock installations of its technology, installing these at its warehouse building in Woburn, Massachusetts. A thin-film panel capacity of 2 kW was installed during the mock installation. The idea is to assess installation efficiency and gather feedback from experienced solar installers to further enhance the product’s durability and ease of installation. Active Surfaces says its ultra-light panels can be carried up a ladder, thus eliminating the need to rent costly equipment like cranes that are a must to lift pallets of solar panels and equipment onto rooftops. This helps lower installation costs.
Montana’s community solar bill: Senate Bill 188 (SB 188) has cleared the Senate in Montana despite opposition from Montana’s regulated utilities NorthWestern Energy and Montana-Dakota Utilities. The bill lays down a regulatory framework to promote community solar power projects in the state. Proposed by Senator Christopher Pope, the bill aims to expand access to locally-generated, emissions-free power to decrease utility bills for the users. It will also improve grid reliability. According to local media, SB 188 will enable developers to install between 50 kW and 5 MW of solar arrays and sell shares of the array’s generation to subscribers for them to use the power produced under a subscription-based solar program.
$200 million for Sunraycer: Clean energy company Sunraycer Renewables LLC has closed a $200 million credit facility to support the development of its existing 4 GW portfolio of solar and battery projects. This facility with funds and accounts managed by HPS Investment Partners, LLC will also help the company acquire new projects and deliver 1 GW of operating assets/year. Projects to be acquired total 3 GW to 4 GW in capacity as early-stage projects in CAISO, PJM and MISO.
110 MW solar and storage project changes hands: Utility-scale solar and energy storage project developer Adapture Renewables has acquired a 110 MW solar and 110 MW battery energy storage system (BESS) project in Colorado, US. Samsung C&T Renewables, the renewable development and investment platform of Samsung C&T America, is the seller. Adapture says the Haynach project acquisition represents a significant expansion of its pipeline of hybrid facilities. The project is scheduled to start commercial operations in 2029. Adapture is owned by KIRKBI, the private holding and investment company of the Kirk Kristiansen family that founded the LEGO brand.
100 MW solar partnership: Software-driven commercial solar project development company OnSwitch, Inc. and Radial Power have announced a 100 MW solar partnership in the US. Radial, a distributed clean energy developer for commercial and industrial (C&I) real estate owners, will co-develop this solar capacity over the next 2 years representing close to 10 million sq. ft. of rooftop space. Many of the projects are expected to include energy storage, electric vehicle (EV) charging, and community solar hosting options. Radial Power-OnSwitch venture will simplify the solar electricity purchase process for corporate customers leveraging OnSwitch’s proprietary AI-driven SkyQuotes software. The aim, said the duo, is to provide corporate customers lower-cost electricity with no upfront capital investment to reduce their energy costs across their building portfolios. Radial is a joint venture (JV) between Starwood Energy Group Global, LLC and energyRe LLC.
Skycorp Solar IPO: Skycorp Solar Group Limited, a Chinese solar cables and connectors manufacturer, has raised $8 million in its initial public offering (IPO). Priced at $4.00 each, the company’s shares have been trading on Nasdaq since March 4, 2025 under the ticker PN. It plans to use 30% of the net proceeds to expand product lines and services, another 30% to strengthen research and development capabilities, 20% to improve brand recognition through multi-channel marketing, and 20% for working capital and general corporate matters.
Ecofin offloads DG portfolio: Ecofin US Renewables Infrastructure Trust Plc has completed the divestment of its distributed generation (DG) portfolio for close to $33.5 million in net proceeds. This marks the first sale in its managed wind-down strategy. The company had announced the sale of its distributed solar assets in the US to a subsidiary of True Green Capital Fund IV in September 2024.