February 17, 2025
In this edition of the Projects weeklyWe emphasize the development of SolarReit of a 39 MWAC solar project in Pennsylvania. In addition, Louth Callan completes the construction of a 30 MW project in Maine, and EDPR unveils three projects on Nuts scale with Microsoft as a large offtaker.
Solarit has completed a land purchase to support a 39 MWAC solar project in Pennsylvania for SolopA Capital Portfolio company in Denham.
“Access to affordable capital at the right time can determine the success of a solar project,” said Laura Pagliarulo, CEO of Solareit. “Our real estate financing solutions help developers to maintain their momentum and bring more projects online.”
Cool factor: Solops is an independent power producer (IPP) of photovoltaic solar projects in the commercial and industrial sectors (C&I). The company has developed more than 3 GW of projects in 30 states and $ 2.1 billion in financing. The transaction, which is closed in less than 45 days, enables Solops to use the proceeds from land purchase as a cheaper alternative to traditional development capital for other projects in their pipeline.
Solareit offers Financial solutions For developers and project owners who enable them to make money and lease value, free up capital and lower lease costs. In addition to land purchases, Solareit Lease purchases and land and storage loans in all 50 states offers.
Louth Callan Renewables completes 30 MW Leeds Solar Project in Maine
Louth Callan Renewables has completed the construction on the 30 MW Leeds Solar Project in Maine. The project is part of the company’s broader strategy to extend its construction portfolio of clean energy to larger infrastructure projects in the field of renewable energy on tools.
“This project underlines our dedication to delivering high-quality, sustainable energy infrastructure that benefits both the environment and the local communities,” said Nicholas Sylvestre, a managing member of Louth Callan Renewables.
Cool factor: The Solar project of Leeds comprises approximately 110 hectares and brought the region significant economic benefits, including the establishment of 90 jobs during the construction phase and long-term operational roles. Moreover, tax revenues and lease payments will generate to support the local economy.
EDPR supplies 3 Utility-Scale Solar projects for Microsoft
EDP Renewables Noord -Amerika (EDPR na) has completed three new solar projects on utility scale of a total of 400 MW. Microsoft has agreed to buy 389 MW of electricity and renewable energy credits (RECS) of the projects through long-term virtual power purchase agreements (VPPAs). The delivery of these projects brings the total operational portfolio to five projects between the two companies in the United States.
“The importance of guaranteeing benefits that streams of renewable energy directly into communities has never been so important,” added Sandhya Ganapathy, CEO, EDP Renewables North -America. “Through these three extra projects, we keep our promise, and indeed the promise of the industry, to contribute to the growing energy demand of the country and to invest in that process in the long -term economic growth of our communities.”
In Zuid -Iillinois, after the commissioned by the 140 MW Wolf Run Solar Project (Wolves Run) near Jacksonville and the 110 MW Hickory Solar Project (Hickory) near Jerseyville in November last year. The 150 MW Cattlemen II Solar Project (Cattlemen II) Located near Austin, Texas, came online in December.
Cool factor: EDPR after developed Hickory and Microsoft agreed to buy electricity and RECs. Hickory uses an environmental justice PPA (EJ PPA) developed by Microsoft and Volt energy utility LLCA minority developer who is owned by renewable energy that focused on making investments in clean energy in rural and urban communities that are disproportionately affected by pollution and vulnerable for the consequences of climate change. With the EJ PPA, Hickory will contribute financing to call it in Share the Power Foundation To offer financial assistance to organizations and causes that ensure equal access to clean air, water and renewable energy, as well as offering availability for energy help programs; And opportunities to follow employee training in clean energy career.
Wolf Run and Hickory have contributed $ 4.8 million to landowners, who lease part of their country to the projects, and millions of dollars of local authorities through tax payments, which ensures critical services, schools, road maintenance and other local initiatives are well financed . The two Illinois projects created 500 building tracks and five permanent jobs.
Cattlemen II in Texas will also contribute millions of taxes, for the benefit of the local school district and the local government. The project has created around 300 building tracks and will support various permanent jobs in the area.
The activities of these three projects will continue to increase local editions, often seen by service providers, restaurants, hotels and other retailers near the project communities, with more than $ 10.4 million spent so far during construction.
Solarbank is making progress at 14.4 MW projects in Skaneateles, NY
Solarbank Corp. continues to develop two projects that develop at Industrial Brownfield locations in Skaneateles, New York, in the Finger Lakes region of the state, in Onnodaga County. After receiving the required permits and financing, SolarBank is planning to start the construction of the projects. Once completed, each of the projects is operated as a community solar project.
Cool factor: Solarbank is planning to develop two community projects made on the ground on the entire site with a capacity of 14.4 MWDC. The projects have reached a developmental mile post when receiving positive interconnection results via a completed coordinated electrical system interconnection review (CESIR). Now that the company has received a positive interconnection determination, the next step is the permit process for the projects completed, which are already underway. The projects are expected to be eligible for stimuli under the NY-Sun program of the New York State Energy Research and Development Authority (Nyserda).
Tags: community solar, utility scale
