Project Finance International – Renewables Deal of the Year

We are honored to receive the “Renewables Deal of the Year” award from Project Finance International (PFI). This award recognizes our Orion project portfolio that includes three utility-scale solar projects in energy communities that have seen higher-than-average unemployment due to coal closures or fossil fuel retirements. Our Orion projects are also the first utility-scale projects … Continued

SoftBank-Backed Solar Company Is First to Qualify for Key Biden Tax Credits

SoftBank-Backed Solar Company Is First to Qualify for Key Biden Tax Credits Incentives in the Inflation Reduction Act are bolstering solar component manufacturing in the US. A solar company backed by SoftBank Group Corp. and Ares Management Corp. lined up $1.9 billion in financing for projects that it said are the first to qualify for federal tax credits tied … Continued

Google signs solar power supply deal with SoftBank-backed SB Energy

Nov 1 (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Tuesday it would buy about three-quarters of the renewable power from SB Energy Global’s Texas facilities, as it aims to operate data centers on carbon-free energy by 2030. Companies are rapidly shifting toward clean energy and transportation as they look to meet environmental and sustainability … Continued

Google Signs Solar Deal With SB Energy in Push to Cut Emissions (Bloomberg)

Deal is Google’s largest solar agreement from single developer Energy to come from four renewable energy projects in Texas Alphabet Inc.’s Google signed its largest solar deal from a single developer, agreeing to buy 942 megawatts from SB Energy Global LLC as part of its push to eliminate emissions from its operations. The electricity will come from … Continued

SB Energy buys 1.5GW of First Solar modules (pv magazine)

The procurement will help SB Energy to meet the demands of the company’s 4GW solar and storage development pipeline in the US. SoftBank subsidiary SB Energy Global announced that it has placed a multi-year order for 1.5GW of First Solar’s ultra-low carbon thin-film solar modules, in order to help meet the demands of the company’s … Continued

ESS, SB Energy reach major deal for flow battery technology with 2 GWh agreement (Utility Dive)

Dive Brief: SB Energy, a subsidiary of Japanese conglomerate SoftBank Group, reached an agreement to purchase 2 GWh of iron flow energy storage from Oregon-based ESS — a major deal for the emerging technology. In the deal, SB Energy will deploy iron flow battery systems to complement solar power projects in Texas and California through 2026. The first … Continued

Iron flow battery maker ESS Inc using NASDAQ-listed SPAC to go public (Energy Storage News)

Iron electrolyte flow battery company ESS Inc has become the latest energy storage industry player to target public listing of its stock, announcing a merger with a special purpose acquisition company (SPAC). The US company told that a definitive agreement has been entered into for a business combination with ACON S2 Acquisition Corp, a … Continued

SoftBank Expects First Gigawatt of US Solar in Operation by Next Year (Greentech Media)

The head of SoftBank’s renewable energy subsidiary, SB Energy Global Holdings, says his firm is committed to growing its presence in international clean energy markets despite ongoing financial struggles at the parent company — and new ones stemming from the coronavirus pandemic. “SoftBank is not exiting the solar business or the renewables business,” SB Energy Global … Continued

5 Tangible Advances for Long-Duration Energy Storage in 2019 (Greentech Media)

Following long-duration storage is like rooting for a home team that’s always about to win next year. Lithium-ion batteries utterly dominate grid storage deployments these days. That’s great for the cost decline narrative, in the way that cheap Chinese photovoltaic cells produced a massive expansion in solar deployments. But cost obsession results in technology lock-in, … Continued

SoftBank expands U.S. holdings with massive solar buy (PV Magazine)

Japanese conglomerate SoftBank is known for many things, including the renewable energy ambitions of its colorful billionaire CEO, Masayoshi Son. But it is coming to be known as a big owner of U.S. solar as well. Yesterday subsidiary SB Energy announced that it will acquire a portfolio of five solar projects under development by Intersect Power, an … Continued