Pivot Energy, a solar project developer, has secured tax equity investment from the U.S. retail chain Walmart to develop 19 solar projects across the country. The strategic investment will facilitate the projects’ construction, operation, and maintenance, including 15 community solar projects spread across five states – Illinois, Colorado, Maryland, Delaware, and California. Besides the tax equity investment agreement with Pivot Energy, Walmart is also investing in seven community solar projects developed by Reactivate.
VH Global Sustainable Energy Opportunities, a renewable energy investment firm, has agreed to acquire and develop two solar projects co-located with energy storage systems in New South Wales, Australia, for £16.9 million (~$21.33 million). The investment is part of the Australian solar and energy storage investment program, as announced in August 2021. This investment has elevated the total commitment to the program from the original £50 million (~$63.12 million) to £58.5 million (~$73.85 million).
Aspen Power, a distributed generation platform developer, announced the acquisition of eight ground-mounted solar power projects in Pennsylvania and New York, totaling 41 MW. The projects were acquired from Solar Site Developers, a solar project developer who will also co-develop the project with Aspen Power. The projects are currently in the engineering design stage, with construction expected to begin in the coming months.
Private energy company DTEK Group, via its EU-focused renewable energy subsidiary DRI, signed a final, binding share purchase agreement with Columbus Energy, a Poland-based company engaged in the renewable energy equipment and services industry, and acquired a 133 MW energy storage project in Poland. The agreement represents DTEK’s first substantial infrastructure investment in Poland. Through DRI, DTEK aspires to establish a portfolio of renewable energy projects totaling 5 GW across Europe by 2030.
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