sPower Gets $434M in Financing for Its Beacon Solar Projects

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sPower Purchases Nearly 162MWac Beacon Solar Projects from Hecate Energy First Project under sPower and Hecate Energy Joint Development Agreement

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sPower gets funds to finance nine solar projects (340 MW) October 6, 2016 by Chris Crowell sPower completed a tax equity investment and syndicated construction and term loan facility totaling $786 million.

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Release Summary. sPower announced that its Antelope DSR 1 and 2 facilities achieved commercial operations before the end of 2016 and are now providing 68.8MWdc (55MWac) solar power to SCPPA.

To date, sPower has deployed more than $2 billion of capital for its solar and wind projects. With 6.7 gigawatts between operating, construction and pipeline, sPower is actively buying select utility-scale renewable assets in virtually any stage of development in the United States.

Azure Power ties up for USD 135 MN financing for its solar rooftop projects New Delhi, May 31 Azure Power said today that it has tied up USD 135 million (about Rs 910 crore) in debt financing, the.

Independent power producer sPower now has 1 GW of operating solar plants as a result of connecting 500 MW to the grid in the last 65 days in 2016 – but its CEO says this is just the beginning.. While sPower has doubled its operating renewable-energy assets in a little over two months, the company says it expects to bring on more than 500 MW per year and is in the process of developing 7.4 GW.

The Beacon Solar Project is a photovoltaic power station in the northwestern Mojave Desert, near California City in eastern Kern County, California. Split into five phases, the Beacon solar facilities combined will generate 250 MW of renewable energy for the Los Angeles Department of Water and Power (LADWP) when fully operational.

Developing utility-scale solar power is one of the fastest ways to reduce carbon emissions and put the United States on a path to a clean energy future. Quick Facts. There are nearly 37,000 megawatts (MW) of utility-scale solar projects currently operating, with another 74,000 MW under development.

 · A new solar project in Spotsylvania county involving spower (sustainable Power Group LLC) and Microsoft Corporation is exciting not only for its size (500 mw; largest in Virginia) but how it’s being done through the wholesale market. It’s a new pathway for.