US Solar Fund Plc has entered into an agreement with an Australian solar farms investor and operator New Energy Solar Ltd for the acquisition of up to 50% stakes in the 200 MW Mount Signal (MS2) solar photovoltaic project located in the Imperial Valley in Southern California, USA.
USF will acquire a 25% stake in the project for US$23 million and an option for an additional 25% within 12 months from the purchase for US$21 million to US$23 million.
The project has been in operation since December 2019. It has a 20-year power purchase deal with Southern California Edison (SCE) for the entire energy produced from the plant.
The initial transaction is expected to close by the first quarter of 2021.
ALLETE Clean Energy, a wholly owned subsidiary of ALLETE, Inc., announced the start of commercial operations at its Diamond Spring wind site in southern Oklahoma, USA.
Read moreALLETE Clean Energy, a wholly-owned subsidiary of ALLETE, Inc. (NYSE: ALE), has started the commercial operation of its Diamond Spring wind site in southern Oklahoma, USA. The output from the 303 meg...
Read moreInnergex Renewable Energy Inc. has achieved the closing of a construction financing and tax equity commitment for its Griffin Trail project, a 225 MW wind facility located in Knox and Baylor Counties,...
Read morePacific Gas and Electric Company (PG&E) has requested California Public Utilities Commission (CPUC) approval of six additional battery energy storage projects totaling 387 megawatts (MW) of capaci...
Read moreDominion Energy announced that the company has filed with the Bureau of Ocean Energy Management (BOEM) the required Construction and Operations Plan (COP) to build the 2,640-megawatt Coastal Virginia...
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