星期一, 9月 27, 2021
Home PV Companies Soltage and Harrison street partner on a 20 MW community solar and...

Soltage and Harrison street partner on a 20 MW community solar and PURPA portfolio

The partnership is the two companies’ second under Soltage’s Iris capital vehicle, and the two ultimately plan on deploying 450 MW of new distributed solar and storage projects across the United States together.

Source:pv magazine

Soltage and Harrison Street, an alternative energy investment firm, have announced joint investment in a 20 MW project portfolio of community solar assets and Public Utility Regulatory Policies Act (PURPA) solar projects located in North Carolina, South Carolina, and Maine.

This 20 MW portfolio marks the second investment with Harrison Street for Soltage’s Iris capital vehicle, with the other being the March 2021 announcement that the two would collaborate on a $250 million partnership to fund solar and other clean energy infrastructure, with the ultimate goal of deploying 450 MW of new distributed solar and storage projects across the United States.

All of the assets will be owned by the partnership and operated by Soltage. The partnership’s first investment after the initial $250 partnership announcement was a 14.5 MW portfolio of solar assets, representing $30 million of project costs.

This portfolio will serve customers including investor-owned utilities purchasing electricity via PURPA contracts, as well as businesses buying solar to meet clean energy goals and secure reduced electricity costs.

Earlier this summer, on July 27, Soltage announced that it raised a $130M debt facility led by Silicon Valley Bank, with that capital set to be used to finance a 110 MW national portfolio of projects across six states: North Carolina, South Carolina, Maine, Illinois, Virginia and Maryland.

Like today’s announcement, the projects included in that portfolio will be community solar assets and PURPA installations, again serving investor-owned utilities and businesses. It’s a bit strange that both announcements have referenced the building of community solar projects, yet none of the potential energy buyers listed are homeowners or those without access to distributed generation of their own.

Unlike today’s announcement, significant progress has already been made on many of the projects in that July portfolio, with soltage reporting that the construction of this portfolio will be staged over the next three quarters, with construction currently underway on ten projects across four states.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

GRIDCO Gets Regulatory Approval to Procure Solar Power at ₹2.75/kWh from a 40 MW Project

The Odisha Energy Regulatory Commission (OERC) has approved the power purchase agreement (PPA) signed between Grid Corporation of Odisha (GRIDCO) and?NHPC Limited?for procuring 40...

Residential Solar System Sizes Continue to Rise in the U.S.: Berkeley Lab

The Berkeley Lab has found that solar photovoltaic (PV) system sizes continue to grow in the United States. In 2020, the median was 6.5...

IREDA’s 10 GW Solar Module Manufacturing Tender Receives Strong Response

The Indian Renewable Energy Development Agency (IREDA)’s tender for setting up manufacturing capacities for vertically-integrated high-efficiency solar modules under the production-linked incentive (PLI) program...

Nanoparticle Paste to Maximize Perovskite Solar Cells’ Efficiency Developed

Researchers at the ITMO University’s School of Physics and Engineering have developed a paste of titanium dioxide and resonant silicon nanoparticles to maximize perovskite...