LGCY Power Expands Residential Solar Business Through National Homebuilder Partnerships

RES, the world’s largest independent renewable energy company, has sold its 184MWdc Big Sky Solar project in Alberta to TotalEnergies.

The solar farm, located near Acadia Valley, became operational in February 2025 and is expected to generate enough to power more than 42,000 homes. It will also offset 135,000 tonnes of CO₂ emissions each year, the equivalent of removing 41,000 cars from the road.

More than two thirds of the electricity produced by Big Sky Solar will be sold under a long-term power purchase agreement (PPA) facilitated by RES. The remainder will be sold by TotalEnergies on the electricity market. The solar farm will generate carbon offset credits under Alberta’s regulated carbon emissions program.

On top of purchasing Big Sky Solar, TotalEnergies has signed an agreement with RES to acquire certain wind and solar projects under development in Alberta, for a total renewables power production capacity of more than 800 megawatts (MW).

Peter Clibbon, Senior Vice President of Development at RES, said: “We are proud to have developed Big Sky Solar into a high-quality renewable energy asset, helping drive Alberta’s energy transition. This sale underscores the growing demand for well-developed solar projects in Canada, and we are pleased to be working closely with TotalEnergies on more projects in the future.”

Stéphane Michel, President of Gas, Renewables and Power at TotalEnergies, stated "We are pleased with the signing of these agreements with RES to acquire over 600 MW of renewables projects under development in Alberta, along with the closing of the Big Sky Solar farm acquisition. These projects will contribute to our targets of 35 GW of gross renewable capacity by 2025 and over 100 TWh of electricity production by 2030. This also strengthens our operations in markets where we are deploying our Integrated Power business, such as in North America. Furthermore, it will contribute to cash flow growth and to our goal of reaching our 12% profitability target in the electricity segment.”

The Big Sky Solar project has secured approximately C$25 million from Canada’s Smart Renewables and Electrification Pathways (SREP) programme. It will generate emissions credits under Alberta’s TIER carbon programme.

Big Sky Solar is connected to Alberta’s electricity grid via ATCO’s 144kV transmission system. It covers 800 acres of previously disturbed farmland and features around 340,000 bifacial solar panels and is designed to accommodate future energy storage, ensuring long-term flexibility and grid stability.

Beyond its environmental benefits, Big Sky Solar is expected to contribute more than C$30 million in new tax revenue over its lifetime, supporting local infrastructure and public services. The project created around 250 jobs during construction and will sustain up to five permanent roles, with additional employment through local contracts for maintenance and operations.

2025 marks RES’ 20th anniversary operating in Canada.

RES | www.res-group.com

Prysmian, a world leader in the energy transition and digital transformation, announces the appointment of Fred Carr as the new Plant Director for its Marshall, Texas facility, effective February 17, 2025. 

Carr brings more than 20 years of plant management experience with him to Prysmian, most recently serving as the director of operations at Atkore. He has also served in management roles at Alkegen, Parker Hannifin, and Federal Mogul.

“With a strong background in overseeing multiple manufacturing sites, driving lean transformations, and leading organizational change, Fred has consistently demonstrated the ability to enhance operational efficiency and seamlessly integrate new processes,” said Paolo Leo, North American Area VP of Manufacturing. “His expertise in P&L responsibilities, continuous improvement, and global operations will be invaluable as we continue to strive for operational excellence.”

Carr earned a B.S., M.S., and PhD in Mechanical Engineering from the University of Illinois. He later completed his MBA at the University of Notre Dame. He lives in the Dallas-Fort Worth area with his wife and four kids and will maintain a residency in Marshall.

Prysmian’s Marshall plant at 1.2 million square feet, has more than 600 employees. The company completed a $66 million expansion project on the facility in 2023 to help meet the need for infrastructure upgrades to support the North America’s growing demand for clean energy sources. The Marshall plant produces power cables ranging from low voltage, medium voltage, and bare overhead distribution/transmission.

Prysmian | na.prysmian.com

The American Clean Power Association (ACP) released the following statement from Moira Cyphers, ACP Director, Atlantic Offshore & Eastern State Affairs after Massachusetts and Rhode Island announced they were delaying offshore wind contract awards until at least June 30, 2025:

“Several states now face a critical decision on whether to finalize offshore wind contracts amid a federal permitting halt. Federal agencies must end arbitrary delays and respect states’ rights to pursue energy policies that meet their needs. We strongly support the states’ careful evaluation of their options.

“New England urgently needs these offshore wind projects to meet growing power demand. Offshore wind is the fastest, most cost-competitive source of new power in New England, providing the reliable, clean energy these states depend on. Offshore wind contracts will help ensure stable electricity prices for coastal communities, especially during the winter months when heating costs soar.

“Long-term, fixed-price contracts are essential in providing financial stability for ratepayers in Massachusetts and Rhode Island. Finalizing these agreements will not only support energy security, but also drive investments in U.S. shipbuilding, create thousands of jobs, and deliver reliable, domestically produced energy, all while stabilizing energy prices for consumers.”

To bolster heavy-duty electric vehicle (HDEV) charging access and convenience for fleets and drivers, Greenlane Infrastructure, LLC, a leading commercial EV charging network developer, has partnered with one of the leading original equipment manufacturers (OEM), Volvo Trucks North America to integrate Greenlane’s charging network into the Volvo Open Charge service. 

Greenlane is Volvo’s first official Charge Point Operator (CPO) in the North American market. Through its seamless integration with Volvo Open Charge, Greenlane will enable real-time access to its network, providing Volvo customers frictionless access to public charging, centralized billing, and exclusive benefits. 

The build-out of public charge points also reduces the need for fleets to invest in costly charging infrastructure, reducing capital expenditures and operational complexities, as well as enabling range extension.  

"Our partnership with Volvo is a first-of-its-kind collaboration to deliver public charging solutions tailored to the needs of medium- and heavy-duty fleets," said Patrick Macdonald-King, CEO of Greenlane. "By streamlining the transition to electric fleets, we are providing a future-ready solution that keeps goods and services moving and drives meaningful progress toward zero-emissions freight transportation."

Greenlane will open its flagship charging location in Colton, CA, in April, featuring over 40 publicly accessible chargers for heavy-, medium- and light-duty zero-emissions vehicles. As part of its commitment to building a nationwide commercial EV charging network, Greenlane’s plans for the I-15 corridor include several charging sites approximately 60 to 90 miles apart, with the next sites planned for Long Beach, Barstow, and Baker, CA. To learn more about the company’s first commercial EV charging corridor and its products and solutions to support fleet electrification, visit drivegreenlane.com. 

This partnership is a major step toward scaling the adoption of heavy-duty electric trucks. Volvo’s collaboration with Greenlane underscores its joint commitment to delivering an exceptional end-to-end customer experience. 

Greenlane and Volvo will continue to work together to further integrate and make additional membership features available in Volvo Open Charge, e.g. booking reservations.

As a result, Greenlane’s services allow customers to focus on adopting new technology and executing operational changes by alleviating the need to invest in building charging depots or navigating the complexities of infrastructure development. 

Greenlane Infrastructure | https://www.drivegreenlane.com/

Volvo Trucks North America | https://www.volvotrucks.us/

The Bahamas Grid Company (BGC) announced that BGC will begin work this week on its $130 million upgrade of the grid system on the island of New Providence in The Bahamas, as well as take over responsibility for the island's long-term maintenance of all poles, wires and substations. Structured as a market-leading public-private partnership, the transaction that created BGC has allowed for the significant infusion of capital and grid expertise into the nation's most populous island, where the rate of electricity demand growth has been unprecedented over the past few decades.

"This is a very exciting time for The Bahamas," said J. Eric Pike, Chairman of the Board at BGC. "We'll be upgrading and storm-hardening 32 miles of transmission lines and load balancing across the eastern half of the island to provide more reliable and stable power to all residents and businesses in New Providence. The new lines will also be able to carry more power, so there will be much less energy lost as power is carried long distances across the island."

BGC's upgrade activities for the grid will result in a more affordable, reliable and resilient energy system overall. However, the benefits do not end there.

"Because we'll soon be managing and coordinating all grid activity on New Providence, BGC will be able to do the vast majority of its work on energized lines. That means that New Providence's electricity customers will no longer experience as many planned outages even while the work is happening," said Pike.

In addition, the ability to work on energized lines will be one of several training opportunities offered by BGC to new employees.

"Working on the electrical grid is such a rewarding career because its uninterrupted service is what keeps every home, school and business running," said Mei Shibata, a Board Director at BGC. "BGC welcomes the opportunity to train BPL transmission, substation and distribution employees looking to give energized work a try, as well as all young Bahamians wanting to join BGC to do meaningful hands-on work through their careers and grow with the company," she said.

Bahamas Grid Company | https://bahamasgrid.net/

Island Grid | https://www.islandgrid.com/

Electric Reliability Council of Texas, Inc. (ERCOT) announced that ERCOT President and CEO Pablo Vegas will join PJM President and CEO Manu Asthana in the opening Energy Insights conversation at the second annual ERCOT Innovation Summit. This year’s Innovation Summit will be held on May 6 in Round Rock, Texas.  

Mr. Asthana oversees the largest power grid in North America and one of the largest electricity markets in the world. He has extensive leadership experience across the electricity industry, including grid management, power generation, competitive retail, trading, and risk management.

“I am excited to join colleagues at the Innovation Summit to explore how we can collectively maintain reliability during rapidly evolving industry dynamics,” said Mr. Asthana.

The Summit provides an opportunity to bring together leaders to share ideas and technology advancements and to collaborate on innovative solutions facing grid transformation in Texas and across the country.

“As the electric industry continues to rapidly evolve, collaboration and ongoing discussions with our industry peers to share ideas is critical,” said ERCOT President and CEO Pablo Vegas. “In this spirit of collaboration, I am honored to open the Summit with Mr. Asthana to share insights and discuss how, as leaders of an ISO and an RTO, we are adapting to and managing the complexities of our rapidly changing grids.”

Attend in person or online. Registration for in-person attendance closes April 18. 

Visit www.ercot.com/summit for agenda updates, speaker bios, panel sessions, FAQs, and general information.

Electric Reliability Council of Texas | https://www.ercot.com/

Crux, the capital markets technology company for the clean economy, and Legalist, Inc., an alternative investment firm with a fund specializing in financing government payments, announced the close of a multi-million investment by Legalist into an American solar manufacturing company. This is the first debt financing deal announced by Crux since the public launch of Crux’s new debt capital marketplace for clean energy developers and manufacturers. 

Crux’s debt capital marketplace currently includes a network of over 80 developers and manufacturers who are raising over $10 billion in capital. More than 75 banks, credit funds, asset managers, insurance companies, pensions, and family offices are part of the Crux network and have collectively issued over $1 billion in term sheets in the last quarter alone. This is the latest solution on Crux’s technology platform, which is known for its leading marketplace for transferable tax credits.

Energy demand is growing for the first time in 20 years, driven by industry, building, transportation, electrification, and data centers. Still, raising capital remains arduous. Energy developers and manufacturers must typically secure multiple types of financing — including equity, development loans, construction loans, bridge loans, preferred equity, tax equity, and/or the transfer of tax credits — from different investors over the course of a project.

The solar manufacturer initially engaged Crux in the summer of 2024 to explore monetizing its §45X advanced manufacturing tax credits. During the initial conversations, the manufacturer expressed an interest in also raising construction debt financing based on §45X tax credit production and operating cashflows. The Crux Capital Markets team leveraged its deep industry relationships to quickly identify and engage 12 highly probable investors, leading to multiple term sheets within weeks instead of months. The term sheet between the solar manufacturer and Legalist was executed within days of being issued.

Crux’s technology platform played a crucial role in executing the deal with speed and efficiency. Additionally, Crux supported transaction closing across various phases, including 45X analysis, due diligence guidance, market standards benchmarking, and insights on regulatory law and evolving market conditions. 

“With the resurgence of domestic manufacturing, we see a lot of business and investment opportunities around 45X credits, which we believe are overlooked by the traditional lending community,” says Brian Stout, Investment R&D Lead at Legalist. “We’re eager to be investing in these deals right now, and Crux’s niche market expertise and technology platform provide the highest qualified deal flow and help facilitate efficient deal closures.”

“Our mission has always been to make clean energy financing more efficient — not just for tax credits, but across all stages of the capital lifecycle,” said Alfred Johnson, Co-founder & CEO of Crux. “We are committed to supporting borrowers and investors with the tools, expertise, and connections they need to succeed. Legalist is a leading lender in this space, and we were thrilled to facilitate this transaction, ensuring the manufacturer could secure the capital necessary to move forward.”

Crux | www.cruxclimate.com