United States

The Boston-based solar developer, founded in 2016, purchased the significant project pipeline to establish itself as a national player in the U.S. solar market.

The Chinese solar developer has yet to file financials for the second quarter of 2016, which has caused it to run afoul of NASDAQ requirements.

Through its subsidiary Enel Green Power North America, Italian multinational the Enel Group has announced the acquisition of a 100% stake in Demand Energy, a U.S. company specializing in intelligent software and storage systems.

The Valentine Solar Project, located in Kern County’s Mojave Desert, is expected to start selling electricity to Southern California Edison in 2019.

The 70 MW system is just one aspect of the plant’s commitment to 100% sustainability – but the company says it will be seven-times larger than the largest rooftop solar system currently installed.

U.S. residential solar system provider Vivint Solar has started 2017 on a high, with the closing of USD 303 million in new financing from a total of five different investors, which will allow the company to repay existing borrowing and install a large chuck of new residential systems.

It was not a pretty year for solar finance, but some sectors remained unscathed.

A new report by the Retail Industry Leaders Association (RILA) and the Information Technology Industry Council (ITI) indicates businesses want to settle in states with good clean-energy infrastructures.

The agreement includes a direct investment of $100 million by the utility to fund 200 MW of solar projects across the installer’s national portfolio.

The U.S. heterojunction PV cell specialist has secured initial approval to oversee construction of 200 MW of solar capacity in Binh Thuan province.