Nelnet Renewable Energy, a subsidiary of Nelnet specializing in financing, developing, and operating clean energy solutions, recently shifted its focus to exclusively serve the commercial solar market, citing growth potential and alignment with its sustainability goals. This move follows the discontinuation of its residential solar operations due to challenging market conditions. The company remains committed to fulfilling existing residential project obligations and ensuring a smooth transition for customers. Leveraging its expertise in solar financing and project management, Nelnet Renewable Energy is poised for success in commercial solar projects, particularly in the Midwest and New York. Presently, it has around 15 projects under construction averaging 4 MW in size.
Nelnet Renewable Energy shifts focus strategically
Nelnet Renewable Energy exits residential solar to focus on commercial projects. (Image Credit: Nelnet Renewable Energy)
The company currently operates 50 MW of solar capacity and has 283 MW in development in the Valencian region. (Image Source: NextPower UK)
The project will provide renewable energy to 600 residential subscribers, including low- and moderate-income households, at reduced rates. (Image Source: Chaberton Energy)
India, China, and Indonesia will lead APAC’s 57 GW dc floating solar capacity, achieving 31 GW (DC) combined by 2033. (Image Source: SOLARbytes)
EOS Capital Advisors advised Balanced Rock Power in selling its 25 MW solar project to Standard Solar. (Image Source: Standard Solar)