Qcells Announces Expansion of Strategic Alliance with Microsoft

Qcells has announced an eight-year strategic alliance with Microsoft, in the company’s largest module and engineering, procurement and construction (EPC) services agreement to date. Qcells will supply Microsoft with 12 GW of solar modules and EPC services over an 8-year period, which includes the 2.5 GW module and EPC services …

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FirstEnergy Subsidiary Completes Solar Site at Fort Martin Power Station 

FirstEnergy subsidiary Mon Power has completed its solar site at Fort Martin Power Station in Maidsville, W. Va., the first of five projects Mon Power and its sister company Potomac Edison have planned. Nearly 50,000 panels generate up to 18.9 MW per hour on the approximately 80-acre site, says the …

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Advanced Power Announces Investment Tax Credit Purchase

Credit: Biswarup Ganguly Advanced Power has purchased renewable energy investment tax credits, made available through the development of rooftop solar facilities offered for sale by a third party. The Inflation Reduction Act made the purchase possible, says the company, through Section 6418 of the Internal Revenue Code, which allows for …

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Altus Power Announces Financing from Goldman Sachs and CPP Investments

Credit: U.S. Department of Agriculture Altus Power has closed on a secured credit facility with a principal loan amount of $100 million by an affiliate of Goldman Sachs Asset Management and CPPIB Credit Investments III, a subsidiary of Canada Pension Plan Investment Board.  The company plans to use facility proceeds …

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