CalCom launches Agriculture Energy Infrastructure Fund
CalCom Energy has launched the Agriculture Energy Infrastructure Fund, a US$100 million resource to build solar and energy storage projects that will benefit farming communities in California. The fund, developed in partnership with Symbiont Energy and Live Oak Bank, will enable agriculture companies to build on-site clean energy projects in the state of California over the next 24 months.
The fund will provide long-term, lower-cost energy through clean energy power purchase agreements (PPAs). It is specifically intended to assist agriculture companies and farmers hit hard by the impact of recent California wildfires, lack of grid resiliency and ever-increasing energy and water costs.
With a CalCom PPA and on-site solar energy, CalCom customers can now drastically reduce or eliminate their electricity costs while directly reducing carbon emissions in their local communities. CalCom estimates potential savings of US$250 million in utility bill savings for its customers over the life of the energy assets.
Country updates
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September 30, 2019
Intersect Power to build 1.7 GW solar portfolio in US
First Solar, Inc. will supply more than 1.7 gigawatts (GW) DC of its Series 6 photovoltaic (PV) modules to utility-scale renewable energy developer Intersect Power as part of a multiyear supply agreem...
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September 30, 2019
E.ON secures tax equity financing for Panther Creek I & II Wind Repowering Project in the US
E.ON has secured more than US$200 million in tax equity financing to repower its Panther Creek I and Panther Creek II Wind Farms in Texas. GE Energy Financial Services underwrote and committed a porti...
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September 30, 2019
Dominion Energy completes acquisition of two solar projects from GIG
Dominion Generation, Inc., a wholly-owned subsidiary of Dominion Energy, Inc., has completed the acquisition of two solar generating projects from Savion LLC, a subsidiary of Macquarie's Green In...
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September 30, 2019
Esdec acquires IronRidge and Quick Mount PV
Esdec has acquired IronRidge and Quick Mount PV buinesses in the US. Terms of the deal were not disclosed. IronRidge and Quick Mount PV will retain their executive teams and staff and continue to ope...
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September 30, 2019
Scout Clean Energy completes financing of 180 MW Heart of Texas Wind Farm (HTX) in the US
Scout Clean Energy has closed the construction financing and tax equity commitments for the 180 MW Heart of Texas Wind Farm (HTX) located in McCulloch County, Texas. Scout is a portfolio company of Qu...
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