Novis Renewables closes tax equity financing for 29.6 MW Westmoreland solar project in Virginia
Novis Renewables, LLC has announced the closing of tax equity financing for the 29.6 MW Westmoreland County Solar Project in Virginia by its affiliate Novis Renewables Holdings, LLC. The tax equity funding of US$44.55 million was closed on November 2, 2021.
The project reached commercial operations (COD) on October 22, 2021. Novis Renewables is the US partnership for the development of solar, onshore wind, and storage projects between Falck Renewables North America, Inc. and Eni New Energy US, Inc. The company acquired Westmoreland in November 2020 from US-based Green Investment Group portfolio company Savion.
The Westmoreland solar project is expected to produce around 50 GWh of clean electricity a year, equivalent to the energy needed a supply of around 4,700 US households. The project will deliver electricity to a US energy off-taker under a power purchase agreement helping the company meet the respective state mandate to increase the use of renewables.
Country updates
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November 26, 2021
Ørsted completes acquisition of 302 MW Lincoln Land Wind Project in Illinois
Ørsted has acquired Lincoln Land Wind Project, a 302 MW onshore wind farm located in Morgan County, Illinois, from funds managed by Ares Management Corporation’s Infrastructure and P...
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November 25, 2021
Silicon Ranch awards EPC contract for 50 MW solar project in Kentucky
Silicon Ranch Corporation awarded the engineering, procurement, and construction (EPC) contract to Infrastructure and Energy Alternatives, Inc. (IEA)for the construction of the 50-megawatt (MWAC) sola...
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November 25, 2021
Akuo starts the commercial operations of 93.06 MW Bennington wind project in Marshall County
A consortium led by Akuo and formed by Harrison Street, Morgan Stanley, and GE Energy Financial Services (GE EFS) has commissioned the Bennington Wind project, a 93.06 MW wind farm located approximate...
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November 24, 2021
Construction starts at 800 MW Vineyard offshore wind project in Massachusetts
The Vineyard Wind LLC, a joint venture of Avangrid Renewables LLC and Copenhagen Infrastructure Partners (CIP), has started the construction of the 800 MW Vineyard Wind 1 project off the coast of Mass...
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November 22, 2021
FTC Solar to equip 504 MW solar project in Maricopa County
FTC Solar, Inc. has been awarded a 504 megawatts (MWdc) project in Arizona, USA. FTC Solar will provide its Voyager tracker to Moss Solar, an EPC company, which has been contracted by an unnamed devel...
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