Orion Renewable Energy sells solar portfolio to Lightsource BP
British solar parks developer Lightsource BP has acquired six solar development projects from Orion Renewable Energy Group LLC. The deal has marked a major milestone in the company's strategic US expansion. The 135 MW portfolio consists of solar projects in the liquid PJM power pool, more specifically in the rapidly growing energy markets of Maryland and Pennsylvania.
The move comes after the Pennsylvania Department of Environmental Protection (DEP’s) recently published draft plan to expand in-state solar capacity to 11 GW, with a goal of supplying 10% of the state’s electric retail sales by 2030.
Additionally, BP announced a US$200 million investment into Lightsource in December last year. Two months later, Lightsource BP unveiled its first US project commitment, to build the largest solar farm in Kansas for the Mid-Kansas Electric Company.
Country updates
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August 08, 2018
USDA greenlights biorefinery in Mississippi
Velocys plc has announced that the U.S. Department of Agriculture (USDA) has issued a Finding of No Significant Impact (FONSI) on the environmental assessment report for its planned Ba...
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August 08, 2018
Wells Fargo completes financing for the development of the Great Valley Solar Complex
Wells Fargo Renewable Energy and Environmental Finance has completed the final $85 million in tax-equity funding for Sempra Renewables’ 200 MW solar generation facility near Fresno, Ca...
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August 07, 2018
Apple, Akamai, Etsy and Swiss Re to purchase 290 MW from new wind and solar projects
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August 07, 2018
Pacific Ethanol completes construction of its 5 MW solar project
Pacific Ethanol, Inc has completed the 5 MW solar photovoltaic project located at its 40 million gallon capacity per year ethanol plant in Madera, California. The system is currently generating 3...
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August 07, 2018
Cypress Creek Renewables agrees to 10% equity stake acquisition of Temasek-led group
Cypress Creek Renewables has agreed to acquire 10% equity stake of a group led by Temasek. The interests represent US$200 million investment which will be used to support Cypress'&n...
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