Crayhill Capital provides loan to Urban Grid's 5 GWp of solar projects
Urban Grid has closed a senior secured term loan facility for up to US$100 million with Crayhill Capital Management, a New York-based private credit manager and asset-based lender, to finance the late-stage development of utility-scale solar projects.
The Facility is backed by and will finance the late-stage development of more than 5 GWp of utility-scale solar projects under development by Urban Grid. The Facility is designed to finance the significant capital expenditures required by projects prior to construction.
With offices in Virginia, Washington, DC, and Maryland, Urban Grid has completed the development of approximately 400 MWp of solar projects and currently has more than 5 GWp of solar projects under development.
The company has a successful track record of delivering quality solar projects, including two recent projects purchased by Dominion Energy that provide over 340 MWp of renewable power to a new data center in Virginia operated by Facebook.
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September 05, 2019
Hawaiian Electric Companies issue call for 900 MW of renewable projects
The Hawaiian Electric Companies are beginning Hawaii's largest procurement effort for renewable energy resources to end the use of coal and reduce reliance on imported oil for power generation, moving the state closer to its goal of using 100 percent renewable energy by 2045.
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September 03, 2019
Ørsted issue FNP on its 230 MW wind project in Nebraska
Ørsted’s U.S. onshore company, Lincoln Clean Energy (LCE), issued the ‘Final Notice to Proceed’ on its 230 MW Plum Creek wind facility in Wayne County, Nebraska. The milestone follows Ørsted Board approval of the final investment decision.
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August 28, 2019
E.ON will build a 440 megawatt wind farm in Texas
E.ON will build a new onshore wind farm in the USA. The 440-megawatt Big Raymond wind farm in Texas is the largest single-phase project E.ON has ever completed in the United States. The investment amounts more than 500 million US Dollar.
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August 23, 2019
480 MW onshore wind project to be developed in USA
Renewable Energy Systems (RES), the world’s largest independent renewable energy company, has announced it has agreed to jointly develop an approximately 480 MW Maverick Creek Wind Project located in Concho County, Texas, with Algonquin Power & Utilities Corp. (Algonquin).
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August 20, 2019
Acquisition of 300 MW solar farm in the USA
Madison Gas and Electric (MGE) and We Energies have announced a new partnership to acquire the remaining 150 megawatts of the 300 MW Badger Hollow Solar Farm in Iowa County, Wisconsin, USA. The 300 MW project is being developed by Chicago-based Invenergy.
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