Intersect Power’s Lumina Solar project in Scurry County, TX, commenced commercial operations on January 3, 2024, generating 828 MW of solar energy. The project, using First Solar panels, employed over 900 workers with a commitment to fair compensation. Renewable Energy Credits will be bought by two Fortune 100 companies. Funding, secured in September, involved portfolio-level term debt, tax equity, and construction financing from major financial institutions, including HPS Investment Partners, U.S. Bancorp Impact Finance, MUFG, Santander, CoBank, KeyBanc, Bank of America, Helaba, and Nord/LB.
First Solar panels light up Intersect’s 828 MW solar project
Intersect Power has a base portfolio of 2.2 GW of solar PV and 1.4 GWh of co-located storage that is fully operational. Image Credit Intersect Power.
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)