Excelsior enters JV with Unico Solar for 250 MW solar projects pipeline in North America
Excelsior Energy Capital has closed a long-term programmatic joint-venture partnership with Unico Solar Investors to build, own and operate a 250 MW pipeline of commercial and industrial (C&I) solar projects located across North America.
The C&I portfolio will be comprised of ground-mount, rooftop, and carport solar projects totaling approximately 250 MW, located across multiple U.S. states including Arizona, California, Colorado, Hawaii, Massachusetts, Nevada, New Jersey, New York, Oregon, Washington, among others. The projects will sell clean electricity to a diversified mix of consumers, including commercial businesses, property owners, municipalities, educational institutions, utilities, and other credit-worthy C&I customers under long-term power purchase agreements.
The construction of the first set of projects is expected to begin in Q3 2020. Excelsior is raising the tax equity, construction, and permanent debt financing for the projects.
Akin Gump Strauss Hauer & Feld LLP served as legal counsel for Excelsior on the transaction, led by Partner, Daniel Lynch.
Country updates
-
-
April 03, 2023
Duke Energy commissions 11 MW battery energy storage system project in North Carolina
Duke Energy has announced the opening of commercial operation for North Carolina's largest battery system in Onslow County, which complements the adjacent 13 MW solar facility based in Marine Corps Ba...
Read more -
April 03, 2023
Renewable generation surpasses coal and nuclear as energy sources in the US power sector in 2022
The US power sector saw a historic achievement in 2022, as it was the first time that renewable energy sources surpassed coal and nuclear power in electricity generation, accounting for 21%...
Read more -
March 31, 2023
RWE, Entergy sign MoU to define route to market for offshore wind in the Gulf of Mexico
RWE has signed a Memorandum of Understanding with Entergy to jointly explore the potential of the Gulf of Mexico offshore wind market. Specifically, the companies plan to evaluate the feasibility of d...
Read more -
March 30, 2023
US$502mn first close achieved for Renewable Energy Investment Fund
Excelsior Energy Capital (Excelsior), an independent North American renewable energy and energy transition investor, has announced the first close of its second flagship fund, Excelsior Renewable...
Read more -
March 30, 2023
iSun Inc. wins five new solar projects in Vermont
iSun, Inc. has won five contracts worth US$5.1 million to expand solar energy capabilities at five industrial sites in Vermont, USA. The contracts, which cover a total of 6.5 MW, will expand iSun's al...
Read more
