$275 million for Nautilus: US-based community solar company Nautilus Solar Energy has announced a $275 million tax equity partnership with Greenprint Capital. Executed on behalf of its subsidiary Nautilus US Power Holdco, LLC (NUPH), the agreement will bring in investments to support between 25 and 30 projects representing over 130 MW combined capacity. These projects are spread across Illinois, Maryland, New York, Rhode Island, and Delaware. All the projects are currently under construction. Upon completion, these are expected to generate clean energy for more than 11,000 households, stated Nautilus. It added that this investment is part of a broader $2.5 billion tax equity joint venture between Greenprint Capital and funds managed by AB CarVal.
Phase I of Escape project online: Utility-scale renewable energy company backed by Ullico Infrastructure Fund, Estuary Power has commissioned phase I of its 185 MW solar and 400 MWh battery energy storage system (BESS) project in Lincoln County, Nevada. The Escape Solar and Storage Project with 70 MW solar capacity is now supplying power to Overton Power District No. 5, Caesars Entertainment, and Wynn Las Vegas under long-term power purchase agreements (PPA). The remaining 115 MW solar and 400 MWh storage capacity will supply power to MGM Resorts International later this year, under phase II.
$308 million for 185 MW: Utility-scale renewable energy developer Exus Renewables North America has successfully closed financing worth $308 million for its US projects. The round was led by ING Capital and PNC Capital Markets, LLC. It will support a portfolio of projects, including the 185 MW Zia solar power portfolio in New Mexico. Of the total raised, $149.6 million will be spent on 9 operational solar farms under the Zia portfolio. These are located across New Mexico, and supported by long-term power purchase agreements (PPA) with Public Service Company of New Mexico, Central New Mexico Electric Cooperative, Columbus Electric Cooperative, and the City of Rio Rancho, spanning 20-25 years from commercial operation. The remaining $158.6 million in financing will go to the company’s Keystone wind portfolio.
70 MW changes hands in Pennsylvania: ENGIE North America is acquiring a portfolio of 22 net energy metered (NEM) solar energy projects totaling over 70 MW capacity in Pennsylvania. Prospect14, a solar energy developer, has designed these distributed solar energy projects. ENGIE says this portfolio will meet the growing demand for distributed solar in Pennsylvania and improve the financeability of NEM solar projects.
GameChange Solar’s HailStow: Technical advisory and risk assessment service provider for the solar power industry, VDE Americas has verified the hail mitigation system, or the HailStow function, of GameChange Solar’s Genius Solar Trackers. VDE studied the operational data of Genius trackers in the utility-scale setting during 6 storms that passed near the study site over a 3-year period in hail-prone Arkansas. In its study titled HailStow Performance in April 2025, VDE says that the HailStow system worked as designed, including processing hail warnings, issuing activation emails, and moving the trackers to the hail stow position. In a recent report, kWh Analytics identified hail as the costliest weather risk for solar (see Hail Costliest Weather Risk For Solar Power Projects).
FID for 600 MW: Enbridge Inc. recently reached a final investment decision (FID) on the 600 MW Clear Fork Solar Project in Texas. Currently under construction, the project is scheduled to enter service during the summer of 2027 under a long-term and 100% offtake contract with Meta Platforms. 2 GW solar fab changes hands: Global materials company Corning Incorporated has reportedly announced plans to acquire JA Solar’s 2 GW solar module factory in Arizona, US. The Phoenix-based module assembly factory changed hands on July 21, 2025, according to S&P Capital IQ. However, both the companies had not made an official announcement of the same till the publication of this news.
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