星期六, 十月 24, 2020
Home PV Companies Soltage and Basalt invest in 28-MW solar portfolio across three states

Soltage and Basalt invest in 28-MW solar portfolio across three states

Source:Soltage

Independent power producer Soltage and infrastructure equity investment fund Basalt Infrastructure Partners today announced an investment in a 28-MW solar portfolio. The investment was funded by the Helios investment vehicle that the partners created to own and operate solar assets. The portfolio includes 10 solar projects located in New Jersey, Illinois and South Carolina. All projects are under construction and will be placed in service in 2020 and 2021.
The New Jersey project totals 3 MW, is located on a landfill and will provide power to local low- and moderate- income households through New Jersey’s Community Solar Energy Pilot Program. The Illinois projects total 9 MW and are part of the state’s new community solar program. The projects will supply clean power for municipal, commercial and residential customers across Illinois. The South Carolina projects total 16 MW and sell power to Duke Energy as part of the Public Utility Regulatory Policies Act (PURPA). The solar projects will help the utility provide renewable power to approximately 1800 households per year.
“These projects will create much needed jobs, save money for American consumers and put more renewable power on the grid,” said Jesse Grossman, Soltage Co-Founder and CEO. “It could not be a more important time to invest in solar, and we are pleased to announce our continued growth and deployment of capital in best-in-class solar projects across the country.”
This brings Soltage’s total project capacity under construction in 2020 thus far to over 100 MW. The announcement points to continued interest from mainstream investors into solar assets, despite economic dislocation caused by the COVID-19 pandemic. The Solar Energy Industry Association (SEIA) forecasts 33% annual growth in 2020, and 18 GW of new solar installations to come online before the end of the year.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Apple data center in Denmark powered by 50 MW of solar

Apple has revealed that its data center in Viborg, Denmark, is now being powered by a 50 MW solar project under a long-term power...

Solar + storage experiment in Tampa Bay selected for Solar Energy Innovation Network project

An innovative solar + storage research project led by the Tampa Bay Regional Planning Council has been selected as a finalist for the Solar...

Chinese PV Industry Brief: 350 MW wind-solar project, 200 MW of floating PV

Longyuan Energy said this week that it has signed an agreement with the municipal authorities in Binzhou, Shandong province, to build 300 MW of solar...

IEEE creates education and credentialing program for interconnecting distributed resources to the grid

IEEE and the IEEE Standards Association (IEEE SA) announced the IEEE Std 1547-2018 Distributed Energy Resources (DER) Interconnection Commissioning: Education and Credentialing Program, a new...