OYA Renewables secures US$216mn financing for solar projects in New York
OYA Renewables has secured a US$216 million financing as a construction-to-term loan for the development of 15 community solar photovoltaic projects located throughout New York, USA.
The financing package was sourced from banks comprising Amalgamated Bank, Siemens Financial Services Inc., Comerica Bank, and Cadence Bank, with CIT Power and Energy acting as the lead. Monarch Private Capital (MPC) has also invested an additional US$71 million in project funding in the form of a tax equity investment.
The community solar portfolio included in these deal is expected to have a total of 100 MW DC generating capacity once completed.
Country updates
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March 02, 2023
Avangrid commissions 150 MW solar PV project in Washington
Avangrid has announced the commercial operation of its 150 MW Lund Hill solar photovoltaic project in Klickitat County, Washington, USA. The solar farm is located on approximately 1,800 acres of...
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March 02, 2023
EIG, Modern Energy invests in Industrial Sun
EIG and Modern Energy will invest US$90 million in Industrial Sun, a Texas-based developer of large-scale solar projects for industrial clients in the ERCOT energy market. The investment aligns with E...
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February 28, 2023
RGreen Invest, Echosys achieve first closing for investment fund
Rgreen Invest and Echosys have announced the first closing of their new Afrigreen Debt Impact Fund, aimed at financing solar power production across Africa. The first closing, totaling EUR87.5 million...
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February 28, 2023
Entergy signs 150 MW PPA for solar PV project in Texas
Entergy Texas has signed a Power Purchase Agreement (PPA) with Longroad Energy to purchase all the energy generated by the 150 MWac (202 MWdc) Umbriel solar project in Texas, USA. The solar farm prod...
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February 27, 2023
Lightsource bp, AEP Energy sign PPA for 188 MW solar PV project in Indiana
Lightsource bp and American Electric Power (AEP) have signed a power purchase agreement (PPA) for a 188 MWdc Honeysuckle solar photovoltaic (PV) project in New Carlisle, Indiana, USA. The solar farm,...
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