Finance

Gemini is located thirty minutes outside of Las Vegas and with its 1.8 million solar panels, will power about 10% of Nevada’s peak power demand.

Also on the rise: North American solar power purchase agreements rise 3% in Q2 Intersect Power closes $837 million in financing for three Tesla battery systems in Texas. And more.

Each project comprises 86 Tesla Megapacks and will provide a capacity of 320 MWh of battery storage with a two-hour duration.

High interest rates, an uncertain rate trajectory and timeline, increasing trade barriers, supply chain challenges, concerns about the presidential election’s impact on the sector, and constantly evolving trade policies have created a climate of uncertainty.

Also on the rise: $1B in financing for 400 MW/1600 MWh solar-plus-storage project. Peak Energy secures $55 million Series A funding to manufacture sodium-ion batteries. And more.

The company plans to deliver its first systems in 2025 and open a full-scale production facility in 2027.

Solar developer Black Bear Energy said the real estate investment trust’s (REIT) transaction on the 556 kW portfolio is proof of concept that demand exists for credits of this size and risk profile.

Also on the rise: University solar projects model institutional responsibility. Public input sought for large-scale solar project in Arizona. And more.

Publicly-traded ESS Tech announced it received an investment from the Export-Import Bank of the United States to expand its manufacturing capacity in Oregon.

The Coalition for Community Solar Access released a Policy Roadmap that offers legislative guidance including model legislation.