Bitcoins Latest<\/h2>\n<\/p><\/div>\n\nFeatures<\/span>,<\/span> Guest Blog<\/span>,<\/span> Long Reads<\/span><\/p>\n<\/p><\/div>\n<\/p><\/div>\n\n\n\n![](\"https:\/\/www.pv-tech.org\/wp-content\/uploads\/2023\/09\/bluewave-1024x684.jpg\")
BlueWave, Altus Power and Encore Renewable Energy all closed financing deals. Image: BlueWave.<\/figcaption><\/figure>\nThree investments into the US community solar sector from Brookfield, TPG and City National Bank\/First American Commercial Bancorp worth over US$2.5 billion paint a picture of a fast-growing sector being increasingly bought up by private asset managers.<\/p>\n
TPG acquires Altus Power<\/h2>\n
US private equity firm TPG \u2013 formerly known as Texas Pacific Group \u2013 has signed a deal to acquire Altus Power, a leading US community and commercial-scale solar developer.<\/p>\n<\/div>\n
\n\nThis article requires Premium Subscription<\/span>Basic (FREE) Subscription<\/span><\/p>\nBitcoins Unlock unlimited access for 12 whole months of distinctive global analysis<\/h2>\nPhotovoltaics International is now included.<\/h4>\n\n- <\/span>Regular insight and analysis of the industry\u2019s biggest developments<\/span><\/li>\n
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Or continue reading this article for free<\/h3>\n<\/div>\n<\/div>\n\nTPG will acquire Altus Power\u2019s common stock at US$5 per share, which values the company at a total of US$2.2 billion, including outstanding debt. The acquisition is made through the TPG Rise Climate Transition Infrastructure funding vehicle, which makes investments into energy transition projects. Following the closure of the deal, Altus Power will delist from the New York Stock Exchange and become a privately-owned entity.<\/p>\n
Community solar projects are designed to supply power to a local area and allow households, businesses and other customers to pay for a share of the power generated by the project.<\/p>\n
In October, Altus Power announced a \u201cstrategic alternatives review\u201d<\/a> to increase its access to capital, following what board chair Christine Detrick called an \u201congoing disconnect between the share price and our view of intrinsic value\u201d.<\/p>\nAt the time, Detrick said: \u201cexploring alternative ownership structures is a prudent course to maximise value for our investors, partners, customers and employees.\u201d<\/p>\n
Altus said it expects the TPG acquisition to \u201cstrengthen its ability to deliver greater value to both commercial and community solar customers\u201d and \u201cscale its operations more rapidly to meet the surging demand for increased power generation.\u201d<\/p>\n
TPG also has investments in Spanish PV developer Matrix Renewables<\/a> and US renewables company Intersect Power<\/a>.<\/p>\nEncore Renewable Energy bags US$389 million from Brookfield<\/h2>\n
Vermont-based community solar company Encore Renewable Energy has closed a US$369 million investment from Canadian asset manager Brookfield Renewables.<\/p>\n
Encore said the funding will support its growth as in independent power producer (IPP), which develops, owns and operates its projects, by financing the construction of community solar and energy storage systems across the US.<\/p>\n
\u201cThis is a transformational moment for Encore as we enter the next phase of our strategic transition into an IPP,\u201d said Blake Sturcke, co-CEO of Encore Renewable Energy. \u201cWith this funding, we are now poised to meet the rapidly growing energy demand across numerous US markets with clean, reliable and cost-efficient power generation and storage solutions.\u201d<\/p>\n
The financing \u201cintegrates construction-to-term debt and a tax equity bridge within a single debt facility\u201d, Encore said; Brookfield managing partner Hadley Peer Marshall added that the funding was a \u201cbespoke\u201d package \u201cdriven by the growing demand for power\u201d in the US.<\/p>\n
Brookfield is one of the biggest financial players in the US solar market. In addition to investments in numerous project developers, it purchased the commercial utility-scale solar business of regional utility Duke Energy in 2023<\/a> for US$2.8 billion.<\/p>\nBlueWave secures US$118.2 Million for Maine portfolio<\/h2>\n
North-east US solar developer BlueWave has closed US$118.2 million in debt and tax equity financing to support a community solar portfolio in the state of Maine.<\/p>\n
The funding comes through a debt raise of\u00a0US$48.2 million\u00a0with City National Bank and a tax equity raise of\u00a0US$70 million\u00a0with First American Commercial Bancorp. BlueWave said the funds will support equipment and infrastructure to be used on four community solar projects in Maine.<\/p>\n
BlueWave said the four projects in question are all qualified under Maine\u2019s net Energy Billing programme, which provides reduced electricity bills to customers of community solar projects. PV Tech Premium<\/a> <\/em>interviewed the company in 2023 about its community solar and agrivoltaics operations in Maine.<\/p>\nTo date, the company said it has developed 46.4MWdc of solar PV capacity in the state, 22.7MWdc of which feeds into Maine\u2019s Net Energy Billing scheme.<\/p>\n
BlueWave CEO and co-founder\u00a0Trevor Hardy said: \u201cThis new portfolio of projects in\u00a0Maine\u00a0is helping us accomplish our goal, bringing renewable energy and utility savings to the communities we work within and serve every day. The support from our new financial partners and ongoing support from our parent company, Axium Infrastructure, also enables us to help advance the state\u2019s clean energy goals.\u201d<\/p>\n<\/div>\n<\/div><\/div>\n
\n\nThe conference will gather the key stakeholders from PV manufacturing, equipment\/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.<\/p>\n<\/div>\n
\nNestled in Dallas, Texas, Large Scale Solar USA Summit 3rd Edition is the nexus for project developers, capital providers, utilities, asset managers, and policymakers. Dive deep into the solar industry’s transformative growth, learn from the best, and discover strategies to boost utility-scale solar deployment nationwide.<\/p>\n<\/div>\n
\nPV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.<\/p>\n<\/div>\n
\n\nSan Francisco Bay Area, USA<\/p>\n<\/div>\n
\nPV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment\/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.<\/p>\n<\/div><\/div>\n<\/div>\n
\naltus power<\/a>,<\/span> bluewave<\/a>,<\/span> brookfield<\/a>,<\/span> community solar<\/a>,<\/span> Encore Renewable Energy<\/a>,<\/span> energy storage<\/a>,<\/span> finance<\/a>,<\/span> lssusa<\/a>,<\/span> pv power plants<\/a>,<\/span> solar pv<\/a>,<\/span> TPG Rise Climate<\/a>,<\/span> us<\/a><\/p>\n<\/div><\/div>\n<\/p><\/div>\n\nBitcoins Read Next<\/h2>\n<\/p><\/div>\n\n\n\n
\n\t\t\t\t\t\t\t![\"bitcoins](\"https:\/\/www.pv-tech.org\/wp-content\/uploads\/elementor\/thumbs\/germany_BSW_installation_figures-qohejl7oer8jpaaovrtbmzwsxkqotgi68h1huh9ua0.jpg\" "\\"bitcoins")
\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n\nGermany is poised to introduce new rules aimed at removing electricity peaks and negative pricing associated with surplus generation of solar power.<\/p>\n<\/div><\/div>\n
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\n\t\t\t\t\t\t\t![\"bitcoins](\"https:\/\/www.pv-tech.org\/wp-content\/uploads\/elementor\/thumbs\/rachel-gentile-and-us-department-of-energy-via-flickr-qtbut2wr94pg9wp21p66xlo06wey0n44bk41424p6w.jpg\" "\\"bitcoins")
\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n\nRound-up of community solar news with new legislations progressing in the US states of Missouri and Iowa, while New Mexico started construction on the first project in the state.<\/p>\n<\/div><\/div>\n
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\n\t\t\t\t\t\t\t![\"bitcoins](\"https:\/\/www.pv-tech.org\/wp-content\/uploads\/elementor\/thumbs\/bill-mead-wmaP3Tl80ww-unsplash-qzxzr6ug7ul0ww1wc16ohvm4e9lsvtdigz0l6j4dxk.jpg\" "\\"bitcoins")
\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n\nLee Zeldin said the EPA should “reassume responsibility” for funds issued under the Greenhouse Gas Reduction Fund. <\/p>\n<\/div><\/div>\n
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Features<\/span>,<\/span> Guest Blog<\/span>,<\/span> Long Reads<\/span><\/p>\n<\/p><\/div>\n<\/p><\/div>\n Three investments into the US community solar sector from Brookfield, TPG and City National Bank\/First American Commercial Bancorp worth over US$2.5 billion paint a picture of a fast-growing sector being increasingly bought up by private asset managers.<\/p>\n US private equity firm TPG \u2013 formerly known as Texas Pacific Group \u2013 has signed a deal to acquire Altus Power, a leading US community and commercial-scale solar developer.<\/p>\n<\/div>\n This article requires Premium Subscription<\/span>Basic (FREE) Subscription<\/span><\/p>\n TPG will acquire Altus Power\u2019s common stock at US$5 per share, which values the company at a total of US$2.2 billion, including outstanding debt. The acquisition is made through the TPG Rise Climate Transition Infrastructure funding vehicle, which makes investments into energy transition projects. Following the closure of the deal, Altus Power will delist from the New York Stock Exchange and become a privately-owned entity.<\/p>\n Community solar projects are designed to supply power to a local area and allow households, businesses and other customers to pay for a share of the power generated by the project.<\/p>\n In October, Altus Power announced a \u201cstrategic alternatives review\u201d<\/a> to increase its access to capital, following what board chair Christine Detrick called an \u201congoing disconnect between the share price and our view of intrinsic value\u201d.<\/p>\n At the time, Detrick said: \u201cexploring alternative ownership structures is a prudent course to maximise value for our investors, partners, customers and employees.\u201d<\/p>\n Altus said it expects the TPG acquisition to \u201cstrengthen its ability to deliver greater value to both commercial and community solar customers\u201d and \u201cscale its operations more rapidly to meet the surging demand for increased power generation.\u201d<\/p>\n TPG also has investments in Spanish PV developer Matrix Renewables<\/a> and US renewables company Intersect Power<\/a>.<\/p>\n Vermont-based community solar company Encore Renewable Energy has closed a US$369 million investment from Canadian asset manager Brookfield Renewables.<\/p>\n Encore said the funding will support its growth as in independent power producer (IPP), which develops, owns and operates its projects, by financing the construction of community solar and energy storage systems across the US.<\/p>\n \u201cThis is a transformational moment for Encore as we enter the next phase of our strategic transition into an IPP,\u201d said Blake Sturcke, co-CEO of Encore Renewable Energy. \u201cWith this funding, we are now poised to meet the rapidly growing energy demand across numerous US markets with clean, reliable and cost-efficient power generation and storage solutions.\u201d<\/p>\n The financing \u201cintegrates construction-to-term debt and a tax equity bridge within a single debt facility\u201d, Encore said; Brookfield managing partner Hadley Peer Marshall added that the funding was a \u201cbespoke\u201d package \u201cdriven by the growing demand for power\u201d in the US.<\/p>\n Brookfield is one of the biggest financial players in the US solar market. In addition to investments in numerous project developers, it purchased the commercial utility-scale solar business of regional utility Duke Energy in 2023<\/a> for US$2.8 billion.<\/p>\n North-east US solar developer BlueWave has closed US$118.2 million in debt and tax equity financing to support a community solar portfolio in the state of Maine.<\/p>\n The funding comes through a debt raise of\u00a0US$48.2 million\u00a0with City National Bank and a tax equity raise of\u00a0US$70 million\u00a0with First American Commercial Bancorp. BlueWave said the funds will support equipment and infrastructure to be used on four community solar projects in Maine.<\/p>\n BlueWave said the four projects in question are all qualified under Maine\u2019s net Energy Billing programme, which provides reduced electricity bills to customers of community solar projects. PV Tech Premium<\/a> <\/em>interviewed the company in 2023 about its community solar and agrivoltaics operations in Maine.<\/p>\n To date, the company said it has developed 46.4MWdc of solar PV capacity in the state, 22.7MWdc of which feeds into Maine\u2019s Net Energy Billing scheme.<\/p>\n BlueWave CEO and co-founder\u00a0Trevor Hardy said: \u201cThis new portfolio of projects in\u00a0Maine\u00a0is helping us accomplish our goal, bringing renewable energy and utility savings to the communities we work within and serve every day. The support from our new financial partners and ongoing support from our parent company, Axium Infrastructure, also enables us to help advance the state\u2019s clean energy goals.\u201d<\/p>\n<\/div>\n<\/div><\/div>\n The conference will gather the key stakeholders from PV manufacturing, equipment\/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.<\/p>\n<\/div>\n Nestled in Dallas, Texas, Large Scale Solar USA Summit 3rd Edition is the nexus for project developers, capital providers, utilities, asset managers, and policymakers. Dive deep into the solar industry’s transformative growth, learn from the best, and discover strategies to boost utility-scale solar deployment nationwide.<\/p>\n<\/div>\n PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.<\/p>\n<\/div>\n San Francisco Bay Area, USA<\/p>\n<\/div>\n PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment\/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.<\/p>\n<\/div><\/div>\n<\/div>\n altus power<\/a>,<\/span> bluewave<\/a>,<\/span> brookfield<\/a>,<\/span> community solar<\/a>,<\/span> Encore Renewable Energy<\/a>,<\/span> energy storage<\/a>,<\/span> finance<\/a>,<\/span> lssusa<\/a>,<\/span> pv power plants<\/a>,<\/span> solar pv<\/a>,<\/span> TPG Rise Climate<\/a>,<\/span> us<\/a><\/p>\n<\/div><\/div>\n<\/p><\/div>\n Germany is poised to introduce new rules aimed at removing electricity peaks and negative pricing associated with surplus generation of solar power.<\/p>\n<\/div><\/div>\n Round-up of community solar news with new legislations progressing in the US states of Missouri and Iowa, while New Mexico started construction on the first project in the state.<\/p>\n<\/div><\/div>\n Lee Zeldin said the EPA should “reassume responsibility” for funds issued under the Greenhouse Gas Reduction Fund. <\/p>\n<\/div><\/div>\nTPG acquires Altus Power<\/h2>\n
Bitcoins Unlock unlimited access for 12 whole months of distinctive global analysis<\/h2>\n
Photovoltaics International is now included.<\/h4>\n
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Or continue reading this article for free<\/h3>\n<\/div>\n<\/div>\n
Encore Renewable Energy bags US$389 million from Brookfield<\/h2>\n
BlueWave secures US$118.2 Million for Maine portfolio<\/h2>\n
Bitcoins Read Next<\/h2>\n<\/p><\/div>\n
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