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New York Invites Partners for 12 MW Solar Project to Drive Renewable Energy Growth
The Global Banker Governor Kathy Hochul of New York State has recently unveiled plans for the auction of the state’s first “Build-Ready” project. This initiative, undertaken in accordance with the Accelerated Renewable Energy Growth and Community Benefit Act, aims to foster large-scale renewable energy development across the state. The New York Energy Research and Development…
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Sunrun Sets Industry Record with Securitization of Solar Leases and PPAs
The Global Banker Sunrun, a leading residential solar, storage, and energy services provider, has successfully completed the securitization of its leases and power purchase agreements (PPAs) – known as the solar-as-a-service offering. This landmark transaction has enabled Sunrun to raise additional subordinated non-recourse financing, solidifying the company’s position as an industry trailblazer. Sunrun’s success in…
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Generate Capital Invests in Solar Developer Cultivate Power
The Global Banker Cultivate Power, a prominent distributed solar and storage project developer, has recently secured a significant corporate equity investment of $10 million from Generate Capital. This strategic partnership marks a significant milestone for the company as it embarks on an exciting growth journey. Generate Capital, a well-respected investment firm focused on sustainable infrastructure…
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European Commission Takes Proactive Steps to Tackle Crypto’s Environmental Impact
The Global Banker Cryptocurrencies have been at the center of discussions surrounding the environmental concerns in the digital assets industry. Recognizing the significant carbon footprint resulting from the energy-intensive mining process, the European Commission’s financial services directorate has embarked on a proactive initiative to address these challenges. This move demonstrates the European Union’s commitment to…
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GE Vernova and EnergyHub Pair Up to Improve DER Management
The Global Banker GE Vernova’s Digital business and EnergyHub, a leading specialist in distributed energy resource management system (DERMS) software, have joined forces to redefine how electric utilities manage distributed energy resources (DERs). This strategic partnership aims to optimize the management of solar, energy storage, electric vehicles, and other emerging energy technologies that are rapidly…
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Eighth Round of USA Grid Modernization Grants Delivers Nearly $170 Million
The Global Banker The U.S. Department of Energy (DOE) has recently announced the eighth round of funding for Grid Resilience State and Tribal Formula Grants. With a generous combined total of $167.7 million, these grants will support 11 states, 20 tribal nations, and two territories in the modernization of their electric grids. The objective is…
