Expanding access to capital for companies looking to invest into renewables is an important way to ensure GRID reliability. CBIA is advocating to remove barriers that prevent businesses from being able to invest into renewable energy at their facility. Read more: https://lnkd.in/erTMVP3D
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The U. S. Department of Energy has closed a $73 million loan guarantee to develop a solar-plus-energy-storage microgrid on Tribal lands in California. The project will benefit the Viejas Band of Kumeyaay Native Americans by providing utility-scale renewable energy generation and storage infrastructure. The project company, Indian Energy, is 100% Native-owned, emphasizing the importance of Indigenous involvement in renewable energy projects. The microgrid will create 250 construction jobs and eight permanent jobs, while also reducing energy costs for the Tribe and supporting economic development. State and federal resources are working together to ensure the success of large-scale Tribal energy projects like this one. Overall, the project showcases how renewable energy initiatives can drive economic growth, create jobs, and support a more sustainable future for all communities involved. Isn't it amazing seeing renewable energy being accessible to a wide range of people? We can't wait to see the day that everyone has green energy! Source: https://lnkd.in/gyah8Dxj #Renewableenergy #Microgrid #Solarfarms #Greenenergyaccessability
DOE closes $73 million loan guarantee for California Tribal microgrid
https://www.solarpowerworldonline.com
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What is a real project and what is a real timeline to COD? Texas Energy Fund needs better advice on project viability within the applicant pool. The realistic availability of gas turbines and practicality of COD is as important as project financing in a non-capacity market that is in turmoil and turbine OEMs are out 2+ years in delivering. #TEF #Texas #TPUC #gasturbine #CPN #GEVernova #SiemensEnergy #Mitsubishi #Innio #CCUS #transmission #transformers #grid
Major Project Rejected in Texas' Flagship Dispatchable Power Loan Program
powermag.com
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Did you know that you can gain more capital ? save on utility costs by incorporating energy efficiency or renewable energy solutions into your building projects? Check out the details and resources in our most recent blog! #sba504 #sbaGROW #sbagreenenergy https://lnkd.in/ejTNASXS
How to Use SBA 504 Loans for Renewable Energy Projects
https://504capital.com
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?? Texas is known for big things - which is translating to big news in renewable energy! ?? Trinasolar has just secured a $235 million loan to expand its operations in the U.S. with a new factory in Wilmer, Texas. This move is set to significantly boost domestic solar manufacturing and create new jobs in the industry. Key highlights: ? $235M Loan Secured: Trina Solar's investment will go toward building a state-of-the-art factory in Wilmer, Texas. ? Boost to U.S. Manufacturing: This expansion will increase the production of high-efficiency solar modules in the U.S. ? 1,500 Jobs Pledged: The new facility is expected to create hundreds of jobs, supporting local communities and the growing solar industry. This investment underscores the increasing importance of domestic solar manufacturing as the U.S. continues its transition to clean energy. #SolarEnergy #TrinaSolar #CleanEnergy #USManufacturing #RenewableEnergy Read the full story - https://lnkd.in/gbmEuBnk
Trina Solar secures $235M loan for Wilmer factory
msn.com
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Energy storage is rapidly growing to accommodate the ambitious renewable energy objectives and to bolster grid resilience. As California increases its reliance on renewable energy sources, energy storage solutions, particularly large-scale battery installations, are becoming integral components of the infrastructure. Expertise in managing large scale energy storage equipment will be crucial in allowing for accurate, predictable timelines in projects of this scale. #SolarEnergy #EnergyStorage #RenewableEnergy #CleanEnergy #SolarPower #BatteryStorage #Sustainability #GreenEnergy #SolarPanel #Renewables Renewables Now (Jan 15, 2024) https://lnkd.in/eWrvPqME
Calpine bags debt for 680-MW battery complex in California
renewablesnow.com
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The U.S. Department of Energy (DOE) has closed a $72.8 million loan guarantee to develop a solar-plus-storage microgrid on the Viejas Reservation in California, supporting the Tribe’s energy independence and resilience. This project, part of the Biden-Harris Administration’s Investing in America agenda, will install a 15-MW solar generation system and a 70-MWh battery, providing reliable renewable energy to THE VIEJAS BAND OF KUMEYAAY INDIANS. Supported by U.S. Bancorp Investments, Inc., Starbucks, and the California Energy Commission, the project will create 250 jobs and lower energy costs for the Tribe. The savings will fund essential services like infrastructure maintenance, cultural programs, and more. This milestone underscores the Administration’s commitment to building resilient Tribal communities and advancing California’s clean energy goals. #cleanenergy #tribalmicrogrid #renewableenergy #solarstorage #tribalcommunities #energyresilience #investinginamerica #solarpower #sustainability #california
DOE closes $73 million loan guarantee for California Tribal microgrid
https://www.solarpowerworldonline.com
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Huge news for #ERCOT power supply as the initial list of reliable, dispatchable power plants are approved for government-backed loans to build in Texas. We'll see who actually goes through with the program and gets steel in the ground, but it's a welcomed site to see. Massive federal subsidies for renewables have crowded out investment in other forms of power generation. Last year, Texas took a big step in an effort to level the playing field. https://lnkd.in/gjQXKsab
Texas regulators approve $5.4 billion in loan applications for natural gas power plants
dallasnews.com
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ACWA Power has secured $2.3 billion in loan financing for three large-scale solar power plants in Saudi Arabia totalling 4.55 GW. ACWA Power noted in a regulatory statement last week that the 2 GW Ar Raas 2, 1.125 GW Saad 2, and 1.4 GW Al Kahfah solar PV projects had satisfied the conditions precedent for the senior loans drawdown. The projects are located in the central and northern regions of Saudi Arabia and involve a total aggregate investment cost of $3.4 billion (SAR12.8 billion), with $2.3 billion (SAR8.6 billion) of project debt financing non-recourse to ACWA Power. Total aggregate investment cost of these projects is USD3.4 billion (SAR12.8 billion). The USD2.3 billion of (SAR8.6 billion) project debt financing amount is non-recourse to ACWA Power. The Saudi solar projects will be financing by consortium of local, regional and international banks, including Banque Saudi Fransi, Mizuho Bank, Riyad Bank, The Saudi National Bank - SNB, Standard Chartered Bank, Saudi Awwal Bank and HSBC. ACWA Power holds a 50.1% stake in the solar projects, while Badeel, part of the Saudi Public Investment Fund (PIF) holds the remaining 49.9% stake. Guarantees offered for the financing are limited to ACWA Power pro-rata share of equity bridge loan, standby equity and reserve account. #cleanenergy
ACWA Power gets approval for $2.3 billion in solar financing
https://cleanenergypipeline.com
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Plug Power Eyes Conclusion of Crucial DOE Loan Contracts Within Seven Months #RenewableEnergy #GreenEconomy #Energy #EnergyTransition https://lnkd.in/dQ5zMs5y
Plug Power Eyes Conclusion of Crucial DOE Loan Contracts Within Seven Months
https://energymagz.com
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Exciting developments in Pennsylvania's energy sector as Senator Gene Yaw proposes a new loan fund to boost power plant construction! Modeled after Texas' initiative, this could be a game-changer for the PJM Interconnection grid, ensuring stability as demand grows. ?? Explore how this could transform energy management in the region in this recent article from Utility Dive: https://loom.ly/FiIuQ3A
Pennsylvania state senator to propose loan fund to spur new power plants
utilitydive.com
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