DESRI, Origis Energy and rPlus Energies have progressed the financing or construction of major large-scale solar and storage projects across the US, totalling 2.8GWh of BESS capacity – all outside of Texas and California.
An “unbelievable appetite for clean energy” is pushing the developer of Gemini, the US’s largest co-located solar-plus-storage power plant, to pursue opportunities of a similar scale.
We hear from US distributed and C&I solar and storage developer-operator Convergent Energy and Power about its financing, its pipeline and strategy, as it and Scale Microgrids both announce US$150 million multi-project bank financing deals.
Fengate Asset Management and Alpha Omega Power have closed a tax equity commitment with US Bancorp Impact Finance for a 400MWh BESS project in California, acquired from Origis Energy.
A double-header of tax equity news from the California BESS market, with IPPs Ormat Technologies and esVolta both completing deals for grid-scale projects in the state.
The US Treasury and Internal Revenue Service (IRS) have finalised the rules and process for the 45X advanced manufacturing tax credit, which effectively provides a subsidy to domestic clean energy technology manufacturing, including batteries.
