Utility-scale floating solar in the US: Global investment firm Glentra Capital-backed floating solar developer and EPC specialist Third Pillar Solar will explore the potential deployment of up to 500 MW of floating solar in the US. It could be one of the largest floating solar undertakings in the Americas if cleared, it added. Third Pillar has secured exclusive access to Diamond Infrastructure Solutions’ Texas Reservoir System for the $700 million planned investment. The company will explore the design, development, and deployment of utility-scale floating solar projects under this partnership. It is expected to help conserve close to 15% of freshwater that’s currently lost to evaporation. Third Pillar says the projects are planned to be constructed and in service by the end of the decade.
$350 million for US solar and storage projects: An indirect US subsidiary of Israel’s Enlight Renewable Energy has $350 million mezzanine loan facility from Bank Leumi Le-Israel BM. The special purpose vehicle (SPV), indirectly owned by Clenarar Holdings, will use the proceeds for the construction of its solar and storage projects in the US. Additionally, it secured a tax-equity domestic content adder of $53 million from a leading US-based bank with net proceeds of $41 million for its Atrisco Battery Energy Storage System (BESS) project.
SolAmerica raises $100 million: US-based distributed solar generation company SolAmerica Energy (SAE) has achieved financial close on a $100 million revolving credit facility with Deutsche Bank to finance its projects. The money will also be spent on procuring equipment, including solar modules and inverters, as well as for project construction. SAE is owned by funds managed by the global alternative investment fund manager AB CarVal.
100 MW solar project changes hands: OCI Energy, the US solar subsidiary of OCI Holdings, has sold off its 100 MW Lucky 7 Solar Project in Hopkins County, Texas, to Turkey-based Sabanci Renewables. The utility-scale solar facility is scheduled to enter commercial operations in 2027. Sabanci will lead the project’s construction, commissioning, and operations. OCI says that the project will come up at a time when the short-term demand for solar development is expected to intensify ahead of the 3 GW Matrix Data Center in Hopkins County in 2028.
CAD 13 million for clean energy in Ontario: The Canadian Ministry of Energy and Natural Resources has approved CAD 13 million ($9.4 million) in federal funding to support 5 clean energy projects in Ontario to modernize existing electricity systems. Funded through the Energy Innovation Program (EIP)—Smart Grids Demonstration Call for Proposals, these projects will enable customer-owned solar panels and batteries to generate and sell electricity. This will bring down energy costs for the locals, stated the ministry. One of the projects selected was approved for a grant under Mission Innovation’s (MI) Green-Powered Future Mission (GPFM). This aims to demonstrate that power systems in different geographies and climates can effectively integrate up to 100% variable renewable energy in their generation mix by 2030.
Solar power for the US Army: The joint venture (JV) between Onyx Renewables and Corvias has completed the construction of 2 renewable energy projects with 13 MW combined capacity in the US. Developed for the US Army’s Fort Polk military installation, the project comprises ground-mounted solar facilities that will be energized this fall. Onyx has financed and will own and operate the systems. This will provide the US Army predictable electric rate to the military installations over 25 years, save electricity costs, support its energy resiliency, and advance its energy goals. Plans include the addition of battery storage and microgrid controls in the future.
TaiyangNews will explore the US solar market in view of the regulatory shifts at the upcoming RE+ 2025 event in Las Vegas, US. It is co-organizing the 2025 Solar Made in USA summit in collaboration with RE+ and EUPD Research. To be held on September 8, 2025, it will feature leading names from the world of solar to discuss the future of US solar and storage manufacturing and future strategies for the players in light of the regulatory hurdles created by the OBBBA. Registrations are open and can be done here.
.png?w=50&fm=png){kind=logo}