Latest news with #communitysolar
Yahoo
25-07-2025
- Business
- Yahoo
Nautilus to expand community solar projects with $275m investment
Nautilus Solar Energy, through its affiliate Nautilus US Power Holdco (NUPH), has unveiled a $275m tax equity partnership with Greenprint Capital. The investment is part of a $2.5bn tax equity joint venture between Greenprint Capital and AB CarVal's funds. It will support between 25 and 30 community solar projects currently under construction, which will generate more than 130MW of clean energy throughout the US states of Illinois, Maryland, New York, Rhode Island and Delaware. Greenprint Capital managing partner Peter DeFazio stated: 'This portfolio, enabled by Nautilus's exceptional partnership and proven ability to deliver high-quality projects, underscores our confidence in the community solar market. 'We are proud to collaborate with a company that is at the forefront of expanding solar access nationwide.' The portfolio will provide considerable environmental and economic advantages to local communities by offering clean power to more than 11,000 homes and creating 190 jobs. Nautilus chief financial officer Camelia Miu stated: 'This landmark investment is a testament to Nautilus's proven track record and deep expertise within the community solar space. With this portfolio, and others [...] in different stages of development, Nautilus is well-positioned to continue leading the growth of clean energy infrastructure that is resilient and built for long-term value. 'We are now able to further expand our diversified portfolio across key markets while helping accelerate the clean energy transition and ensuring broader access to affordable, renewable energy.' NUPH, via its proprietary community solar management platform, oversees financing, construction, maintenance, and customer subscriptions. AB CarVal managing director Alex Flamm said: 'Our expanded joint venture with Greenprint Capital aims to provide best-in-class capital solutions to respected project owners like Nautilus Solar and continue delivering private asset-based financing in the energy transition." "Nautilus to expand community solar projects with $275m investment" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Associated Press
23-07-2025
- Business
- Associated Press
Nautilus Solar Secures $275M Investment from Greenprint Capital Management to Expand Community Solar Projects
CHICAGO, IL, July 23, 2025 (GLOBE NEWSWIRE) -- Nautilus Solar Energy®, LLC ('Nautilus'), on behalf of its affiliate Nautilus US Power Holdco, LLC ('NUPH'), a leading community solar company, today announced a $275 million tax equity partnership with Greenprint Capital, marking the largest tax equity financial commitment in the company's history. The investment will support between 25 and 30 community solar projects delivering more than 130 MW of clean energy across Illinois, Maryland, New York, Rhode Island and Delaware. The projects are currently under construction, and are expected to bring clean, renewable energy to households across the five states. Once fully operational, the portfolio will deliver significant environmental and economic benefits to local communities, including clean energy to more than 11,000 households, and is expected to create 190 jobs in the communities where they are built. 'This landmark investment is a testament to Nautilus's proven track record and deep expertise within the community solar space. With this portfolio, and others being in different stages of development, Nautilus is well-positioned to continue leading the growth of clean energy infrastructure that is resilient and built for long-term value,' said Camelia Miu, Chief Financial Officer at Nautilus. 'We are now able to further expand our diversified portfolio across key markets while helping accelerate the clean energy transition and ensuring broader access to affordable, renewable energy.' This investment is part of a broader $2.5 billion tax equity joint venture between Greenprint Capital and funds managed by AB CarVal. 'This portfolio, enabled by Nautilus's exceptional partnership and proven ability to deliver high-quality projects, underscores our confidence in the community solar market,' said Peter DeFazio, Managing Partner at Greenprint Capital. 'We are proud to collaborate with a company that is at the forefront of expanding solar access nationwide.' 'Our expanded joint venture with Greenprint Capital aims to provide best-in-class capital solutions to respected project owners like Nautilus Solar and continue delivering private asset-based financing in the energy transition,' said Alex Flamm, Managing Director with AB CarVal. NUPH is the long-term owner of the projects, responsible for overseeing construction, financing, maintaining long-term performance and acquiring and managing customer subscriptions through its proprietary community solar subscriber management and acquisition platform. This milestone underscores Nautilus's continued leadership in community solar and the company's mission to provide equitable access to clean energy across a growing number of U.S. markets. About Nautilus Founded in 2006, Nautilus has become one of the largest community solar businesses in the U.S. and a contributor to America's clean energy transition. Delivering affordable, clean energy solutions to residential and commercial customers, Nautilus currently operates and manages 146 community solar farms across 12 states and serves over 45,000 subscribers. It takes a unique, full-service approach to its community solar business—handling project financing, development, construction, maintenance and customer management for the entire lifespan of every project. Nautilus is backed by Power Sustainable, a multi-platform alternative asset manager and is a wholly-owned subsidiary of Power Corporation of Canada. For more information, visit Join Nautilus on LinkedIn, Facebook, Instagram and Twitter. About Greenprint Capital Greenprint Capital is an investment and advisory firm specializing in clean energy tax credit investments. The firm focuses on efficiently managing and deploying capital into climate-positive energy infrastructure projects, aiming to balance financial returns, reduce tax liabilities, and achieve sustainable impact. By acquiring and structuring investments in renewable energy projects, Greenprint enables co-investors, lenders, and tax credit purchasers to participate in these opportunities. Learn more at About AB CarVal AB CarVal is an established global alternative investment manager and part of AllianceBernstein's Private Alternatives business. Since 1987, AB CarVal's team has navigated through ever-changing credit market cycles, opportunistically investing $153 billion in 5,820 transactions across 82 countries. Today, AB CarVal has approximately $19 billion* in assets under management in corporate securities, loan portfolios, structured credit and hard assets. Since 2017, AB CarVal has deployed over $6 billion in energy transition investments. Additional information about AB CarVal may be found at *AUM is comprised fee-earning AUM and fee-eligible AUM. Fee-earning AUM includes those assets currently qualified to generate management fees. Fee-eligible AUM includes capital that is committed to an AB CarVal Fund but is currently uncalled or recallable. The number represented here excludes assets under AB CarVal's management that are not generating management fees due to the maturity of the Fund but includes amounts that do not generate management fees solely due to AB CarVal's decision not to charge management fees. This post is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security. Antonya Asante Nautilus Solar Energy [email protected]
Yahoo
22-07-2025
- Business
- Yahoo
PureSky Energy Launches 100% LMI-Focused Clover Meadow Community Solar Project Under New York's ESFA Program
Clover Meadow Solar Project in New York | PureSky Energy CLAVERACK, N.Y., July 22, 2025 (GLOBE NEWSWIRE) -- PureSky Energy ('PureSky') is proud to announce that its newest community solar farm, Clover Meadow Solar, located near Claverack, NY, is now fully operational and delivering clean, affordable energy exclusively to Low- to Moderate-Income (LMI) households. The 7.3 MWdc project is enrolled in New York State's Expanded Solar for All (ESFA) program, which ensures that the benefits of renewable energy reach the communities that need them most. This milestone underscores PureSky's deep commitment to energy equity, bringing the benefits of solar to income-qualified residents who often face the greatest barriers to accessing clean energy savings. Clover Meadow was developed by Eden Renewables ('Eden'), based in Troy NY, and is the seventh such project that PureSky and Eden have worked on together. Clover Meadow Solar Key Facts: Location: Claverack, NY Capacity: 7,269 kWDC Solar Panels: 13,338 high-efficiency modules Annual Generation: 10.3 million kWh Equivalent Homes Powered: ~1,417 annually Estimated Annual CO₂ Reduction: 14.9 million lbs Estimated 30-Year Customer Savings: $3.4 million 'Clover Meadow represents what community solar should be—a tool to make the clean energy transition equitable and inclusive,' said Nicholas Topping, Vice President of Community Solar at PureSky. 'By enrolling the solar farm entirely under the ESFA program, we're able to deliver immediate savings to thousands of income-eligible households while strengthening New York's energy independence and supporting the state's clean energy goals.' 'Clover Meadow is another exciting milestone in our ongoing collaboration with PureSky Energy,' said Giovanni Maruca, Chief Development Officer at Eden Renewables. 'At Eden, we're committed to putting communities at the center of our projects That's why we're especially excited that this project will deliver clean, affordable energy to low-income households through the ESFA program.' This 100%-all LMI project exemplifies the growing capability of community solar to lower energy costs for households, particularly in rural and underserved areas. Households enrolled in the program will see guaranteed savings on their electricity bills—without needing to install rooftop panels or pay any upfront costs. Beyond household savings, the Clover Meadow Solar project brings broader benefits to the Claverack community by generating new local tax revenue and supporting clean energy jobs. The solar farm is designed to be pollinator-friendly, helping to tackle the global climate crisis, and includes Eden's industry-leading education program as a community benefit. Projects like this help build more resilient, distributed energy systems while investing directly in local economies. About Expanded Solar for All (ESFA)New York's ESFA program is designed to ensure that LMI households across the state can participate in and benefit from the growth of renewable energy. By connecting utility customers directly to solar projects like Clover Meadow, ESFA delivers monthly bill credits and long-term economic relief to income-qualified participants. PureSky Energy remains committed to developing and operating inclusive solar projects throughout New York. The company has additional anchor capacity available for future community solar projects and invites municipalities, housing authorities, and local organizations to explore partnership opportunities. For more information about the Clover Meadow project or PureSky Energy's community solar offerings, please visit or contact customercare@ About PureSky Energy:PureSky Energy is a leading developer, owner, and operator of US community solar, C&I and storage projects with headquarters in Denver, Colorado. Since entering the US market in 2016, the company has rapidly expanded its scale and currently operates a portfolio with generation capacity of approximately 233MW across forty-four sites or under-construction projects expected to be completed in the short term. The company has a large pipeline of solar and battery storage projects across existing and new US markets, placing the platform in a primary position within the distributed generation market. The company's mission is to make clean energy accessible and affordable to local communities across the United States, while shaping a brighter, more sustainable future for generations to come. Website: Host A Solar Farm: LinkedIn: Media inquiries: Janet Janzen: marketing@ About Eden Renewables: Eden Renewables is an international developer of solar and energy storage projects in the US, UK, and sub-Saharan Africa. Eden's US office is based in Troy, NY, and currently has 21 pollinator-friendly community solar projects approved in the Capital Region and neighboring counties. All of Eden's solar projects promote biodiversity and agricultural usage with excellent community and educational benefits. Subscribers to its community solar farms can benefit from savings of around 10% on their electricity bills. Website: Media inquiries: A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
IBN Coverage: SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Clears Regulatory Hurdle for 7.2 MW Hoadley Hill Solar Project in New York
This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community. LOS ANGELES, CA - July 14, 2025 (NEWMEDIAWIRE) - Disseminated on behalf of SolarBank Corporation The Hoadley Hill project has passed the CESIR process, a key step toward interconnection with the local grid. The 7.2 MW ground-mount solar array is expected to power the equivalent of 850 homes. The project is structured as a community solar initiative, enabling local residents to subscribe and receive utility bill credits. It will benefit from New York's VDER compensation system, offering US$0.0971/kWh in projected year-one compensation. SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., has announced that it has successfully completed the Coordinated Electric System Interconnection Review ("CESIR") for its 7.2-megawatt Hoadley Hill Road solar project in upstate New York. The regulatory clearance marks a critical milestone in advancing the project toward construction ( The CESIR process is an essential part of connecting new distributed energy resources to the electric grid in New York State. By completing this step, SolarBank now turns to final permitting, financing Read More For more information, visit the company's website at This report contains forward-looking information. Please refer to for additional details. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: The latest news and updates relating to SUUN are available in the company's newsroom at Forward Looking Statements Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law. About IBN IBN is a cutting-edge communications and digital engagement platform providing tailored Platform Solutions for select private and public companies. Over the course of 19+ years, IBN has introduced over 70 investor facing brands to the investment public and amassed a collective audience of millions of social media followers. These distinctive investor brands amplify recognition and reach as well as help fulfill the unique needs of our rapidly growing and diverse base of client-partners. IBN will continue to expand our branded network of influential properties as well as leverage the energy and experience of our team of professionals to best serve our clients. IBN's Platform Solutions provide access to: (1) our Dynamic Brand Portfolio (DBP) through 70+ investor facing brands; (2) article and editorial syndication to 5,000+ news outlets; (3) full-scale distribution to a growing Social Media Network (SMN) ; (4) a network of wire solutions via InvestorWire to effectively reach target markets and demographics; (5) Press Release Enhancement to ensure accuracy and impact; (6) a full array of corporate communications solutions; and (7) total news coverage solutions. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Media Contact IBNLos Angeles, OfficeEditor@ View the original release on
Associated Press
08-07-2025
- Business
- Associated Press
IBN Coverage: SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Advances 7.2 MW New York Solar Project Following Key Regulatory Approval
This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community. LOS ANGELES, CA - July 8, 2025 ( NEWMEDIAWIRE ) - Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) announced that its 7.2 MW Hoadley Hill Road ground-mount solar project in upstate New York has cleared the Coordinated Electric System Interconnection Review (CESIR), a major regulatory milestone. The project, which will power approximately 850 homes through New York's grid, is backed by the state's VDER compensation mechanism and may qualify for up to US$0.395/W DC in NYSERDA NY-Sun incentives. Structured as a community solar project, it offers residents and businesses bill credits without on-site installations. With over 100 MW built and a pipeline exceeding 1 GW, SolarBank is accelerating permitting and financing to move into construction, supporting New York's goal of 6 GW installed solar by 2025. To view the full press release, visit About SolarBank Corporation SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar, Battery Energy Storage System (BESS) and EV Charging projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built. For more information, visit the company's website at This report contains forward-looking information. Please refer to for additional details. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: The latest news and updates relating to SUUN are available in the company's newsroom at Forward Looking Statements Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law. About IBN IBN is a cutting-edge communications and digital engagement platform providing tailored Platform Solutions for select private and public companies. Over the course of 19+ years, IBN has introduced over 70 investor facing brands to the investment public and amassed a collective audience of millions of social media followers. These distinctive investor brands amplify recognition and reach as well as help fulfill the unique needs of our rapidly growing and diverse base of client-partners. IBN will continue to expand our branded network of influential properties as well as leverage the energy and experience of our team of professionals to best serve our clients. IBN's Platform Solutions provide access to: (1) our Dynamic Brand Portfolio (DBP) through 70+ investor facing brands; (2) article and editorial syndication to 5,000+ news outlets; (3) full-scale distribution to a growing Social Media Network (SMN) ; (4) a network of wire solutions via InvestorWire to effectively reach target markets and demographics; (5) Press Release Enhancement to ensure accuracy and impact; (6) a full array of corporate communications solutions; and (7) total news coverage solutions. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Media Contact IBN Los Angeles, California 310.299.1717 Office [email protected] View the original release on
