- Capital Dynamics’ CEI will build a 200 MW solar power project in Indiana, US for NIPSCO
- Solegreen of Israel will invest $104 million over next 2 years in US solar installer Kuubix
- SEIA has launched a new policy platform that aims to act as a tool to support its advocacy efforts
- Mosaic has signed a new $1.5 billion, multi-year loan purchase program with Congressional Bank
200 MW solar project coming up in Indiana: The Clean Energy Infrastructure (CEI) of Capital Dynamics will construct a 200 MW solar power plant in Indiana, US for which it has entered a build transfer agreement (BTA) with Northern Indiana Public Service Company LLC (NIPSCO), a subsidiary of NiSource Inc. Elliot Solar Project is expected to enter construction in summer 2022 and start commercial operations in summer 2023. It would add to NIPSCO’s efforts to go coal-free by 2028. This agreement follows a December 2020 power supply agreement between the 2 companies for a 280 MW solar power plant in Gibson County, Indiana (see 250 MW Solar Energy Contract For Lowe’s In US).
Israeli company planning US solar expansion: Distributed generation solar installer in the US, Kuubix has raised $104 million from Israel based solar developer Solegreen Ltd. which the latter plans to invest over next 2 years. It will enable Kuubix to continue its expansion of residential and commercial installations in California, Texas, Nevada and Florida. Kuubix said it plans to allocate substantial funding to build a ‘robust direct-to-consumer’ marketing operation with an aim to exhilarate the companies dealerships but assisting with lead generation an appointment setting. For Solegreen this investment enables it to expand its footprint in the US which it said is the company’s main object for 2021. Currently, Solegreen’s total pipeline stands at 680 MW, it added.
New policy platform from SEIA: The Solar Energy Industries Association (SEIA) has launched a new policy platform to support its advocacy efforts. In a document released, the US lobby group lays out policies that expand access to clean energy and create industry jobs and workforce development training. It also outlines principles for engagement and environmental justice outcomes. Titled Solar Industry Policy Principles on Environmental Justice & Equity, the document simultaneously stresses on providing career pathways to underserved communities, including clean energy curricula for K-12, and other trade and vocational institutes, among others. SEIA said the platform will be a ‘living document’ that it will continually review and revisit as the industry evolves and develops new financing mechanisms or policy tools that expand solar accessibility and workforce programs.
Financing partnership for solar and storage: US residential solar company Mosaic has entered into a financing partnership with Congressional Bank for a new $1.5 billion, multi-year loan purchase program. Mosaic said it focuses on loans for solar energy systems and battery storage to accelerate the adoption of clean energy in US homes. The company claims to have enabled more than 125,000 households switch to solar. Earlier this month, Mosaid closed a $331 million loan securitization deal (see North America PV Snippets: Mosaic, Sunnova, First Solar).