North America

Spruce Finance has closed a $105.4MM round of debt financing with Investec and Silicon Valley Bank (SVB) as the lead arrangers. The syndicated loan is financed against a Spruce portfolio of residential solar systems. Spruce will use the proceeds to finance additional systems in states around the U.S. “This is a follow-on deal to the $120MM facility that Investec led for us last May,” said Darren Thompson, Chief Financial Officer at Spruce. “We’re pleased to be working with them again and with SVB on a second transaction…

Gamesa has achieved an important milestone in its sales and product strategy, having secured the first order for its new G132-3.465 MW turbine, which guarantees the lowest cost of energy across a broad spectrum of sites. The company has secured an order from a power utility for the supply of 198 MW at one of its wind developments in Mexico. Specifically, Gamesa has been contracted to install 57 of its G132-3.465 MW turbines. The first prototype of the G132-3.465 MW machine was installed at the research and development…

AECOM and EnergySolutions announced that they have been selected as the decommissioning general contractor for San Onofre Nuclear Generating Station through their joint venture, SONGS Decommissioning Solutions (SDS), by Southern California Edison (SCE). San Onofre is one of the largest commercial nuclear plant decommissioning projects in the United States The Decommissioning General Contract represents a significant portion of the work required to safely decommission the San Onofre nuclear plant. San Onofre is one…

sPower and the California Department of Water Resources (DWR) announced that Solverde 1 solar farm which is located in the city of Lancaster, Calif., in northern LA County started its commercial operations. The total capacity of Solverde 1 solar farm is 107 megawatt (MWdc) and its the largest Solar Project of sPower. sPower installed more than 330,000 solar modules with a peak construction crew of 250 plus workers. Solverde 1 solar farm project was developed under an aggressive schedule going from signing the PPA to…

Canadian Solar has secured GBP 49.3 million (US$62.8 million) non-recourse term loan facilities to refinance a portfolio of 10 solar power plants, with total capacity of 50 megawatts in the United Kingdom. National Westminster Bank (NatWest), a subsidiary of RBS Group, is providing the 18.7-year term facility. Part of the proceeds will be used to repay a construction loan of GBP 28.1 million (US$35.8 million). "We are pleased to be working with NatWest, a leading UK bank, to finance our portfolio of 50 MW of solar power…

Blue Oak Energy and Sun Air Solar announces the completion of a 259 kWdcrooftop solar PV system atop a facility occupied by Abbott’s diabetes care business and the Federal Aviation Administration (FAA). Located near Oakland International Airport on Bay Farm Island in San Francisco’s East Bay, a new 259 kWdc rooftop system complements an on-site 549 kWdc solar PV carport completed earlier this year by Blue Oak Energy. At 808 kWdc the two installations together make up the largest solar PV system in municipal utility Alameda…

Statoil has been declared the provisional winner of the U.S. government’s wind lease sale of 79,350 acres offshore New York. Statoil will now have the opportunity to explore the potential development of an offshore wind farm to provide New York City and Long Island with a significant, long-term source of renewable electricity. Statoil submitted a winning bid of $42,469,725 during the online offshore wind auction concluded today by the U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM). “We are…

Enel Green Power North America has started operations at two new wind farms the 108 MW Drift Sand and the 65 MW Chisholm View II in Oklahoma. “With these new wind farms, Drift Sand and Chisholm View II we have achieved the significant milestone of having more than 1 GW of operational wind capacity in Oklahoma”, said Rafael Gonzalez, Enel’s Head of Renewable Energies for North America. “These projects signify our continued commitment to growth not only in Oklahoma, where we are playing an integral part in diversifying the…

EDF EN Canada Inc., a subsidiary of EDF Energies Nouvelles Group received approval by the Alberta Utilities Commission (AUC) to construct and operate the Vulcan Solar Hybrid Energy Centre (Vulcan Solar Project). The proposed 77.5 megawatt (MWAC) solar photovoltaic (PV) facility is located in Vulcan County near the Village of Carmangay. Approval is granted subject to provisions by the Hydro and Electric Energy Act and the Alberta Utilities Commission Act. The Vulcan Solar Project represents the largest development of a…

Tri Global Energy announced the initial phase of 155 MW for the Fluvanna Wind Energy project has reached financial close, received funding and begun pouring foundations under the construction contract.   Comprised of 32,000 leased acres of privately owned farm and ranch land in Fluvanna, Texas, Fluvanna Wind Energy is now owned and will be operated by Terna Energy S.A. The Fluvanna Wind Energy project was developed under Tri Global Energy's proprietary business model, the Wind Force Plan, which allows local landowners and…