Matrix Renewables, the platform backed by private equity firm TPG, has secured tax equity financing of US$92 million for two solar-plus-storage projects in California with 80MWh of energy storage.
Wells Fargo has closed its first tax equity investment into a solar project paired with battery storage, a large-scale plant being built in New Mexico, US.
Financing has been secured for two projects that will add nearly a gigawatt-hour of battery storage at California solar power facilities this year, by renewable energy company Terra-Gen and private asset management firm Capital Dynamics.
Residential energy storage system provider Eguana will begin deploying devices to operate as a connected virtual power plant on the Hawaiian island of Oahu.
Canadian Solar said that construction has begun on a large-scale solar PV project combined with a four-hour duration battery storage system in California which the company has just sold to Goldman Sachs Renewable Power.
