Nofar Energy buys majority stake in Blue Sky Utility
Nofar Energy LTD has acquired 67% of the interest in Blue Sky Utility, a US-based, Commercial and Industrial (C&I) solar and storage developer for a total consideration of US$91 million. The acquisition capital will be divided up between US$26 million of initial purchase and equity injection into Blue Sky and a debt facility of US$65 million provided for future growth investments.
Blue Sky is a renewable energy and storage developer, based out of Napa, CA. Blue Sky specializes in a unique business model tailored to the C&I space with a focus on multitenant real estate. The company currently operates and manages over 20 MW of C&I assets and maintains a near-term pipeline of over 80 MW of new solar and storage installations.
Country updates
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August 10, 2021
BOEM plans environmental impact study for 2.5 GW Kitty Hawk offshore wind project in USA
The US Bureau of Ocean Energy Management (BOEM) has published a Notice of Intent (NOI) to prepare an Environmental Impact Statement (EIS) for the 2.5 GW Kitty Hawk Offshore Wind project offshore North...
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August 10, 2021
Ørsted commissions 367 MW Onshore wind farm in USA
Ørsted has completed the 367 MW Western Trail Wind Farm located in Wilbarger and Baylor counties, Texas.
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August 09, 2021
WEC Energy Group enters deal to acquire 90% stake in Sapphire Sky Wind Energy Center
WEC Energy Group has agreed to acquire a 90% ownership interest in the Sapphire Sky Wind Energy Center. Located in McLean County, Illinois, the project is being developed by Invenergy. The investment...
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August 09, 2021
Duke Energy starts commercial operation of 182 MW Maryneal wind project in Texas
Duke Energy Sustainable Solutions, a nonregulated commercial brand of Duke Energy, has started the commercial operation of the 182-megawatt (MW) Maryneal Windpower project in Nolan County, Texas in th...
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August 05, 2021
Capital Dynamics secures tax equity to retrofit its California Flats Solar Project with Battery Energy Storage Project
Capital Dynamics through its Clean Energy Infrastructure (CEI) business has secured tax equity investments from Goldman Sachs and U.S. Bank for the 60 megawatts (MW)/240 megawatt-hour (MWh) California...
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