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.
Aiming to support Malaysia’s 31% renewable goal by 2025, Masdar’s study could pave the way for large-scale floating solar in Southeast Asia. (Image Source: Masdar)
Avangrid’s Camino Solar project will generate power for approximately 14,000 US homes and is expected to create $15 million in local tax revenue. (Image Source: Avangrid)
Poland’s solar sector is set to benefit from Suntech’s advanced TOPCon modules under a new 200 MW distribution partnership. (Image Source: Suntech/ Linkedin)
Telecrown’s order from RRP Semiconductor includes silicon solar cells and polycrystalline materials for Maharashtra’s growing renewable energy sector. (Image Credit/Source: fietzfotos/Pixabay)