Summit Ridge Energy的动态

The UK government has recently announced substantial funding for 12 solar projects nationwide, most of which are focused on subsidising domestic and corporate solar panel installation. ? Among the pilot projects is a green mortgage, which offers cheaper rates if customers make energy-efficiency improvements to their homes, green loans for homeowners and funding support for E.ON UK as they aim to develop a subscription style model for domestic renewable energy options. ? As we navigate the challenges of climate change, these targeted investments signal a practical step towards a greener, more resilient energy network. ? https://lnkd.in/eetChX4b ? #SolarEnergy #RenewableFuture #SustainableDevelopment #CleanEnergy

Solstice was founded on the belief that every American household can be powered by affordable renewable energy. By deploying community solar, Solstice works for greater energy equity and a future in which clean energy works for every American household, regardless of income level, credit score, or any other factor. This article, "low-income communities shouldn't be left out of the clean energy transition" published by The Kresge Foundation resonates with that mission. As the article states "The outsized positives of solar+storage systems particularly benefit low-income communities, where many typically don’t have the resources to relocate or access alternative sources of electricity during power outages. But so far, deployment of these systems in these communities has been slow. One big reason is the upfront cost of installing a system. The Kresge Foundation aimed at this problem in 2020. It?committed $3.3 million?to the effort, including a $3 million loan guarantee to support solar+storage projects in underserved communities in partnership with Clean Energy Group and New York City Energy Efficiency Corporation (NYCEEC). Clean Energy Group managed the overall effort and assisted with initial project outreach, engagement, and technical assessments, while NYCEEC evaluated projects and provided loans to finance these important projects....." SOURCE: https://lnkd.in/gyuuzfbb #solstice #communitysolar #phildelnegro The opinion expressed is Phil Del Negro's personal opinion and not the Company's position.

Very inspiring to see this partnership of green banks nationwide! Coordination is key as capital is deployed to #cleanenergy. "By encouraging collaboration, GB 50 provides peer learning opportunities to share tools, resources, and best practices for green banks to extend capital, engage proactively with communities, and maximize the impact of federal clean energy incentive programs, all in the pursuit of a mission to build and transform markets for clean energy deployment." https://lnkd.in/eiE-9yaw #renewables #IRA #solarPV

Will's right, we may not be in the #residentialsolar sphere, but we're always happy to spread the good news when #funding for solar homes is available. #homesolar #solarpower #uk #solarnews

As we navigate through the evolving solar market, 2024 is set to be a pivotal year. While the residential solar industry is seeing contraction, Wood Mackenzie points to a robust recovery and strategic shifts ahead. We're particularly excited about enhancing the financial resilience of solar projects through our innovative cash escrow and direct pay services. These tools are designed to provide security and streamline payments, ensuring that our partners can focus on what they do best: deploying sustainable energy solutions. Looking forward, it's important we focus on sustainability and strategic partnerships that promote growth. Let's engage in conversations that propel the solar industry forward. https://lnkd.in/dFR9fwCk

SolaREIT?, a leading renewable energy real estate #investment firm, has announced the successful closure of a revolving #credit facility with Atlantic Union Bank (AUB). This agreement provides #SolaREIT? with an additional $30 million in liquidity, bolstering its capacity to scale operations and extend #financing solutions to #solar and #storage developers. Notably, this marks the second revolving credit facility established with #AUB, following a previous $15 million arrangement unveiled last year. SolaREIT?’s innovative #financingmodel offers robust options for solar and #batteryenergystoragesolution (BESS) developers and landowners alike. #SolaREIT #RenewableEnergy #RealEstateInvestment #SolarPower #BatteryEnergyStorage #Finance #Sustainability #AtlanticUnionBank #CleanEnergy #Innovation Read more: https://lnkd.in/d4myUpt8

US company?Strata Clean Energy has secured a $559 million financing package for the construction and ownership of the Scatter Wash battery storage complex. The Scatter Wash BESS will have a capacity of 255 MW / 1,020 MWh and is expected to come online by April 2025, after the start of construction last month. “The successful financing for the Scatter Wash battery storage complex marks a significant step forward in our mission to drive the transition to clean energy,” noted Markus Wilhelm, Chief Executive Officer of Strata Clean Energy. J.P. Morgan and Nomura acted as coordinating lead arrangers and joint bookrunners on the deal. J.P. Morgan also acted as the administrative agent, depositary agent, and collateral agent. U.S. Bancorp Impact Finance and CoBank also supported the financing as coordinating lead arrangers with The Korea Development Bank and NORD/LB as joint lead arrangers. Siemens and Regions further contributed as lenders on the transaction, while U.S. Bancorp Impact Finance was the primary tax equity investor. “J.P. Morgan is working to provide capital to accelerate the growth of sustainable infrastructure nationwide,” said John Beebe, Executive Director, J.P. Morgan Green Economy Banking. “We’re very pleased to work alongside Strata to decarbonize our communities and build a more resilient energy future.” “U.S. Bancorp Impact Finance is thrilled to expand an already fruitful relationship with Strata Clean Energy by deploying debt and tax equity to meet our customer’s demand for this exciting project,” stated Sunil Rajpurohit, CFA, Chief Investment and Product Officer at U.S. Bancorp Impact Finance. “We believe everyone has a role to play in creating a sustainable future and look forward to the potential impact this project will have in Arizona.” Once operational, the Scatter Wash battery storage complex will be capable of storing enough electricity to power 50,000 Arizona homes during peak summer conditions for 20 years. #cleanenergy

The Inflation Reduction Act (IRA) is paving the way for increased solar access in low-income communities. New incentives are being introduced to make solar energy more affordable, helping households lower their energy bills and participate in the transition to clean energy. These changes aim to break down financial barriers, making it easier for low-income families to install solar panels and benefit from renewable energy. At Cooperative Energy Futures, we support efforts like these that expand solar access to everyone, ensuring a more equitable and sustainable energy future. Learn more in this article: https://lnkd.in/gJU3qDUK #SolarAccess #RenewableEnergy #EnergyEquity #CooperativeEnergyFutures Heatmap News Emily Pontecorvo

Many households, especially low- to moderate-income renters, lack access to #SolarEnergy due to barriers like upfront costs and lack of homeownership. Becca Jones-Albertus with the U.S. Department of Energy (DOE) offers #CommunitySolar as a solution, by allowing households to subscribe to larger #solar projects instead of installing their own panels. However, financing for community solar projects remains a challenge, with developers often struggling to secure loans due to high perceived risks and stringent credit requirements. Efforts like the Climate Access Fund and DOE’s Community Power Accelerator aim to fill these financing gaps, supporting the development of more equitable solar projects. The goal is to expand community solar access to millions of U.S. households, contributing to energy savings and resilience while advancing #CleanEnergy adoption.

Big News for Community Solar as?Wood Mackenzie’s latest report reveals that community solar capacity in the U.S. is set to double by 2029, reaching over 14 GW. Despite a projected slowdown in growth and recent challenges like California's policy changes, new state markets and federal incentives, including the Inflation Reduction Act, could drive significant expansion. As we navigate these changes, the share of community solar serving low- to moderate-income households is also expected to grow substantially. Exciting times for our industry! #CommunitySolar #CleanEnergy #SolarGrowth https://lnkd.in/gsBEuWiD