Higher Power PV Modules Drive Up BOS Costs

Solar Landscape, the nation’s leading commercial and industrial rooftop solar and storage independent power producer, has announced the closing of a $117 million preferred tax equity investment with Nuveen Energy Infrastructure Credit (Nuveen EIC), marking the second major transaction between the two firms in less than twelve months.

Under the terms of the transaction, Nuveen EIC has committed $117 million to Solar Landscape at close. That commitment will be augmented with an expected $120 million of tax credit transfer proceeds that together with Nuveen’s preferred tax equity investment will support the construction and operation of a 145MW portfolio of community solar assets sited on commercial and industrial rooftops across Maryland, Illinois, New Jersey and Minnesota, reflecting Solar Landscape's continued momentum and market leadership in the distributed generation space.

The investment will span two years of capital deployment for a strategically important subset of Solar Landscape’s project execution and is structured to simplify the monetization of distributed generation tax credits, eliminating the need for traditional tax equity financing and enabling Solar Landscape to deploy capital more efficiently across its growing portfolio of operating assets.

"We’re happy to announce the closing of this important investment to support the continued expansion of new energy generation solutions with our commercial real estate partners in several of our core markets," said Clayton Avent, Chief Financial Officer of Solar Landscape. “We are proud to deepen our relationship with Nuveen, a best-in-class institutional investor, as we scale the deployment of distributed power to deliver new capacity fast to meet rising energy demand across the U.S.”

"We're excited to partner with Solar Landscape for the second time in the past year to provide a preferred tax equity solution that helps maximize value in community solar assets," said Don Dimitrievich, Head of Nuveen Energy Infrastructure Credit. "Our ability to scale capital alongside their growth is helping Solar Landscape continue to deploy community solar assets with market-leading operational excellence. For Nuveen EIC, preferred tax equity is a strategic priority, and this investment reflects the firm's disciplined approach of supporting high-quality distributed generation assets managed by best-in-class operators. We look forward to continuing our long-term relationship with the team."

Solar Landscape | solarlandscape.com

Ameresco, Inc., (NYSE: AMRC), a leading energy infrastructure solutions provider, together with its joint venture partner Sunel Group, announced the launch of an 83 MW solar installation in Kozani, Greece. The large-scale renewable energy project is set to significantly enhance the region’s energy resiliency while supporting Greece’s transition toward a decarbonized future.

Ameresco SUNEL Energy SA was awarded with an Engineering Procurement and Construction contract (EPC) by Luxcara, a leading German energy infrastructure asset manager, holding the majority stake of the project. The Kozani solar project is designed to ensure high-efficiency energy generation while delivering long-term environmental and financial benefits. Nearly 130,000 photovoltaic modules will be installed on a one-axis tracking system to optimize energy yield. By tracking the position of the sun throughout the day, tracker-mounted PV modules can optimize energy capture and maximize efficiency. The EPC also includes Medium Voltage (MV) grid connection and an extension of the 400/33 kV High Voltage (HV) substation, reinforcing the region’s grid reliability and energy distribution capabilities. Construction works are already underway.

“Greece is one of the sunniest countries in Europe, making it an ideal location for solar energy projects that can drive both national and regional sustainability goals,” said Pete Christakis, Chief Operating Officer at Ameresco. “By leveraging advanced solar tracking technology in a region rich in sunlight, the Kozani project is set to play a significant role in fortifying Greece’s renewable energy infrastructure and supporting Europe’s broader green energy transition.”

“Projects like this reflect the growing maturity of the Greek renewable energy market, where scale, structure, and long-term stability are becoming increasingly important. As Ameresco SUNEL Energy, we are focused on supporting this shift by delivering projects that meet the evolving expectations of international investors,” said Konstantinos Zygouras, Vice President of Ameresco SUNEL.

“Ameresco SUNEL Energy SA has been a trusted partner in advancing our solar investment in Greece,” said Lorenz Hahn, Investment Manager at Luxcara. “This project shows how well‑targeted solar investments can support economic development while strengthening Greece’s clean energy infrastructure. By unlocking the region’s strong solar potential, we are helping build a more resilient, domestically powered energy future.”

Ameresco | www.ameresco.com

SUNEL Group | www.sunelgroup.com

ZincFive, the world leader in nickel-zinc (NiZn) battery-based solutions for immediate power applications, has surpassed 2 gigawatts (GW) in power delivered or contracted globally, reinforcing the growing adoption of nickel-zinc as a preferred alternative to legacy battery technologies in data center infrastructure.

This milestone reflects accelerating customer demand for solutions that deliver high power density, superior safety, and long-term sustainability without compromise. Compared to lead-acid and lithium-ion systems, ZincFive’s patented nickel-zinc chemistry offers a compact footprint and delivers lower lifecycle emissions without the risk of thermal runaway – making it an increasingly strategic choice for modern power architectures.

That momentum is further driven by ZincFive’s expanding portfolio. The BC Series, including the BC 2 AI battery cabinet, is designed to support both traditional backup requirements and, increasingly, AI-driven dynamic power environments. In parallel, the recently announced NiZn Retrofit Kit extends these benefits to existing infrastructure, which will enable operators to easily upgrade lead-acid systems within the same cabinet footprint, reducing cost, complexity, and disruption across brownfield data center environments.

“As ZincFive continues to scale, surpassing 2 gigawatts reflects both the performance of our technology and the confidence our customers place in it,” said Tod Higinbotham, CEO of ZincFive. “As global adoption accelerates, we are scaling to meet demand while continuing to advance battery technology that delivers performance, safety, and sustainability without tradeoffs.”

To support this growth, ZincFive continues to expand its manufacturing and operational capabilities to meet increasing global demand.

ZincFive’s leadership in nickel-zinc technology has been widely recognized, including multiple appearances on TIME’s America’s and World’s Top GreenTech Companies lists, an Edison Award for Resilient and Sustainable Solutions, and CleanTech Breakthrough’s Overall Innovation of the Year Award, among others.

ZincFive | www.zincfive.com

Prysmian | Encore Wire, a world leader in the energy transition and digital transformation, recently held a ribbon cutting ceremony to officially unveil its new 340,800 square-foot Copper Building Wire Plant and expanded Service Center in McKinney, Texas. Now the largest in the industry at one million square feet, the Service Center enhances the company’s ability to deliver high-quality products with speed, precision, and efficiency.

The Encore Campus and its unique business model play a critical role in Prysmian’s transformation from a cable manufacturer into a comprehensive solutions provider. By combining advanced manufacturing with industry-leading logistics, the company is well positioned to support critical energy priorities, including data center growth, U.S. industrial expansion, and grid modernization.

“It is a very historic moment today here in McKinney as we celebrate our new Plant and the expansion of our Service Center,” said Andrea Pirondini, CEO of Prysmian North America. “These two projects represent the next chapter in our story here at Encore: one of outstanding service across the board – service to our customers and to the community here in McKinney that we call home.”

The expanded Service Center enables next-day shipments and advanced customization capabilities, while the addition of the Copper Building Wire Plant further strengthens operational efficiency and responsiveness. Together, these investments are driving economic growth in the greater McKinney area through increased industrial output and continued local investment.

The new facilities reflect Prysmian’s ongoing commitment to customer-focused operations, innovation, and strong community partnerships, while also highlighting the people and vision driving Prysmian | Encore Wire’s leadership in the wire and cable industry.

“The new Copper Building Wire Plant is powered by approximately 115 dedicated employees working around the clock to deliver the high-quality products our customers expect,” said Paul Furtado, COO of Prysmian North America. “Just next door, more than 250 employees in our expanded Service Center ensure the wire and cable reach our customers where and when they need it. We’re grateful to our employees who help make our operations a success every day, and whose dedication makes milestones like this possible.”

In total, Prysmian | Encore Wire employs around 1,750 people across its McKinney campus.

Prysmian | Encore Wire | www.encorewire.com

Elevate Renewables ("Elevate"), a leading developer and operator of energy infrastructure, announced the successful close of a $50 million Energy Transition Supplier Finance Facility arranged by Rabobank, one of the world's largest cooperative banks and a global leader specializing in financing food, agribusiness and energy. The facility will support a large solar and battery energy storage project contracted to power a data center, reinforcing the critical link between modern energy infrastructure and the rapidly expanding digital economy.

This innovative equipment financing approach enhances Elevate's competitiveness, supply chain resilience and improves overall project execution.

"This facility is a strategic enabler for how we build in today's market," said Josh Rogol, Chief Executive Officer of Elevate. "By optimizing our cost of capital and aligning incentives across our supply chain, we can move faster, bid more competitively, and deliver critical infrastructure where it's needed most, supporting the next wave of data center growth in the United States."

The project will provide reliable, dispatchable energy capacity to a data center, a sector that is driving unprecedented demand for power. Elevate is developing and acquiring a best-in-class portfolio of solar and battery energy storage projects to meet growing electricity needs.

"Energy infrastructure is now directly tied to economic growth," Rogol added. "Facilities like this don't just finance projects, they enable speed and competitiveness so we can execute for our customers and investors."

Cooperatieve Rabobank U.A., New York Branch acted as Sole Arranger for the transaction and partnered closely with Elevate to structure a Supplier Finance solution that supports both near–term project execution and the company's long–term growth strategy.

"Rabobank is an active lender in the energy transition space, and we are committed to supporting our clients across the entire value chain," said Wayne Hu, Managing Director at Rabobank North America Energy Transition Coverage. "We are thrilled to partner with companies like Elevate and look forward to help accelerate energy transition efforts in the region."

The transaction is the result of a highly collaborative process, with teams working seamlessly from initial discussions through execution to deliver a flexible financing structure aligned with Elevate's supply chain and development objectives.

"Working with Elevate has been a highly collaborative experience," said Wouter Hazenberg, Managing Director and Head of Supplier Finance at Rabobank North America. "From the early stages of the discussion, Elevate demonstrated a thoughtful and forward–looking approach to supply chain management and project execution. We were pleased to work alongside their team and co-develop a bespoke solution that improves Elevate's working capital position, by financing payables due to equipment suppliers, as well as payables that are due between different Elevate entities."

In January, Elevate acquired the 150 MW/600 MWh Prospect Power Storage, the largest standalone battery storage asset in the PJM Interconnection. Located in Rockingham County, near Northern Virginia's "Data Center Alley," Prospect Power is currently under construction and scheduled to begin operations in mid-2026.

In March, Elevate announced that the New Jersey Board of Public Utilities has selected its Garden State Reliability Project as part of the Garden State Energy Storage Program. The project, also known as Two Rivers Storage, is a 150 MW / 600 MWh battery storage facility that will be developed at the Bergen Generating Station in Ridgefield, New Jersey.

Elevate | www.elevaterenewables.com

Rabobank | www.rabobankna.com

Europe’s wind farms will soon face a wave of critical end-of-life decisions, with almost 30% (86 GW) of the region’s installed wind capacity approaching 20 years of operation by 2030, according to a new report from Shoreline Wind, the premier provider of digital planning and simulation solutions for the wind industry.

The report, Triple Jump: Wind’s Repowering Opportunities, explores the difficult decision facing owners whether to repower projects with modern turbines, extend the lifetime of ageing assets expecting declining returns, or fully decommission sites. 

The report canvases wind industry leaders from across Europe and argues that repowering could become one of the fastest ways to increase Europe’s renewable electricity output, if the many challenges, including project finance, permitting, and extending land lease agreements can be overcome.  

“Everyone’s always asking: what is better? Is that life extension or is that repowering? … People may just want to repower because the opportunity to get more energy from that capex is more valuable. They could have extended but, economically, if they make a bigger investment now then they’ll make more money. That’s what they’re trying to get to the bottom of,” said Pierre-Etienne Claveranne, Managing Director at Green Giraffe, who contributed to the report.

This wave of ageing assets means developers and investors must decide whether to repower projects with modern turbines, extend the operational life of existing assets, or fully decommission sites. Each pathway brings its own financial, regulatory and technical challenges.

David Guzman Vazquez, Senior Consultant for Wind, Solar and Storage at OWC, a contributor to the report, said: “We’re seeing people, even as early as the development stage, saying ‘what can we do now to give us the best chance of lifetime extension when we reach the end of that 20-year lifetime?’ At OWC, we are quite heavily involved in supporting clients in their O&M strategy, OPEX maintenance reserves, and what can be done at an early stage as well as later in life in terms of inspections and additional repairs to give turbines the greatest opportunity of lifetime extension.”

While repowering offers significant opportunities, offshore businesses are already establishing best practices for extension and decommissioning. Insights from industry participants including Eneco illustrate how operators are already evaluating their options for early offshore projects such as Princess Amalia Wind Farm, where key permits and lease agreements are due to expire later this decade.  

“Especially offshore, you see a lot of corrosion on the secondary steel, so you have to do calculations to see if the fatigue load is still within the limits of the design loads. Together with a certification company, we can see how much remaining useful life is left on the construction, bolted connections and components,” said Dominique van den Langenberg, Senior Project Manager at Eneco.

The report examines how wind farm owners are approaching end-of-life strategies across both onshore and offshore projects. It highlights several factors shaping these decisions, including regulatory frameworks for repowering, the condition and performance of existing assets, supply chain constraints and the availability of vessels and specialist equipment for offshore work.

The report also highlights the growing role of digital technology in supporting end-of-life decision-making. Advanced planning and simulation tools can help project owners model different scenarios — simulating the operation output of a repowered site with new turbines, modelling the decline in operational output for extended sites as well as more demanding O&M requirements, and finally managing the complete decommissioning, including the recycling of blades and other components according to local regulations.

“Digital systems can help developers simulate energy output from repowered projects, optimise construction and logistics planning, and support efficient operations and maintenance strategies for ageing assets”, said Wojtek Nodzynski, Enterprise Sales Director at Shoreline Wind.

“With a large share of Europe’s wind fleet approaching 20 years of operation, developers need clear insights to make informed decisions. Digital planning tools can play a crucial role in helping the industry maximise value from existing sites while minimising delays and operational risk”, added Wojtek.

As Europe seeks to expand renewable power generation to meet long-term climate goals, the choices made about ageing wind farms could play a significant role in shaping the next phase of the region’s energy transition.

Shoreline Wind’s white paper is available for download from their website: https://shorelinewind.com/downloads/wind-repowering-opportunities-report 

Shoreline Wind | https://shorelinewind.com/

PowerBank Corporation (“PowerBank” or the “Company“), a leader in North American energy infrastructure development and asset ownership, is pleased to announce that it has executed a lease agreement on a 5 MW AC hybrid solar plus battery energy storage  project known as the NY-Conklin Hill Rd project (the “Project”), in upstate New York. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority (“NYSERDA“) NY-Sun Program and the Retail Storage Incentive Program.

The rapid growth of wind and solar power and the rising demand for electricity from data centers are making batteries a necessity. They store surplus renewable energy for when it’s not windy or sunny, and maintain a balance between energy supply and demand. There has been a 90 percent drop in the cost of batteries over the last 15 years as new factories have come on line, resulting in significant growth in this sector globally.

The Company is in the process of initiating the preliminary screening analysis as part of the interconnection process. Assuming receipt of interconnection approval, the Company will work to complete the permitting process and secure the necessary financing for the construction of the Project.

Once completed, the Project will likely be operated as a hybrid community solar plus energy storage project. Community solar is a solar project with access to the local electricity grid. Once the project is connected and generating electricity, energy from the site feeds into the local power grid. Depending on the size and number of panels the project has, dozens or even hundreds of renters and homeowners can save money from the electricity that is generated by the project. By subscribing to a project, an electricity customer can earn credits on their electric bill every month from their portion of the solar that’s generated by the project, accessing the benefits of solar and energy storage without installing any equipment at their location. This allows electricity customers to realize a reduced cost per kilowatt-hour from the power they consume versus standard utility rates.

PowerBank’s proven expertise, with over 100 MW of completed projects and a development pipeline exceeding 1 GW, underpins the project’s execution. Strategic partnerships and institutional-grade development capabilities position PowerBank to deliver reliable, high-impact renewable energy solutions.

The Project advances New York’s path to 10 GW of distributed solar and 6GW of energy storage by 2030. The State leads the United States in community solar capacity, having achieved the New York State Climate Act 6 GW solar goal in the fall of 2024.  

PowerBank Corporation | www.powerbankcorp.com