Sol-REIT has secured a considerable credit score facility with Amerant Financial institution, the most important group financial institution in Florida, which can enable Sol-REIT to deploy capital to small and medium-sized {solar} builders. The Amerant Financial institution facility will present Sol-REIT the power to execute a pipeline of over $800 million and 400 MW of {solar} energy.

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“We’re actively attempting to assist bridge the hole confronted by communities by offering entry to finance and constructing trusted relationships,” mentioned Jerry Plush, Amerant Vice Chairman and CEO. “This engagement with a credit score facility affords us the distinctive alternative to drive each of those targets. It’s our expectation that by partnering with Sol-REIT, we will lengthen our monetary companies to the underserved whereas facilitating local weather resilience.”

Based by Jim Spano, Kevin Adler and Brian A. Sidman, Sol-REIT seeks to convey mortgage REITs (actual property funding trusts) to the renewable energy market.

Sol-REIT buildings fascinating construction-to-permanent loans, leveraging a mortgage REIT mannequin for middle-market {solar} builders. Sol-REIT is financing particular person {solar} tasks with a mean mortgage dimension of $5 million to $50 million.

“Credit score amenities, such because the one we’re offering to Sol-REIT, deliberately help the transition to {solar} energy,” mentioned Danny Rivera, SVP, Head of Specialty Finance at Amerant Financial institution, who spearheaded the transaction. “Particularly for underserved small and medium-sized companies with a sustainable goal, credit score amenities present a basic device for enterprise continuity, liquidity and financing flexibility.”

The 400 megawatts of {solar} energy is equal to powering 72,253 properties with electrical energy yearly or eliminating practically a billion miles pushed by a mean gasoline-powered passenger car yearly.

Sungrow’s sales space at CLEANPOWER 2022.

Sungrow displayed its newest PV inverters and liquid cooled energy storage system (ESS) options to the North American market throughout CLEANPOWER 2022 on Might 16 by 18.

Optimized for utility-scale {solar} vegetation, Sungrow launched each central and string inverter portfolios, together with its newest 1500-V string inverter, its SG350HX and a 3.6-MW central turnkey station. The SG350HX contains a energy output of 352 kW and completely matches large-format high-efficiency modules in addition to monitoring programs. As well as, it contains a bigger modular design, enabling decrease LCOE for the plant.

Sungrow additionally displayed its business inverters, the SG36CX-US and SG60CX-US, to suit various installations. The merchandise allow a excessive DC/AC ratio of 1.5, resulting in a better yield for a venture. As well as, they’re geared up with on-line IV curve scan and analysis capabilities, monitoring any points in real-time and considerably lowering OPEX.

On the storage facet, Sungrow’s liquid cooled ESS PowerTitan reduces capital and working bills as a consequence of its pre-assembled and simple set up design. The brand new cluster controller can cost and discharge particular person battery racks, enhancing the general system efficiency by 6%. The unit’s computerized state of cost (SoC) calibration and the automated system for refilling coolant significantly scale back working and upkeep prices.

Neil Bradshaw, Sungrow’s senior technical gross sales supervisor for ESS key accounts, highlighted throughout a session that energy storage security is just not a singular technique, particularly when tasks are rising in scale and are more and more paired with quite a lot of renewables.

“Security is Sungrow’s precedence. We offer safer battery options with a number of security options from cell degree to module, rack and system degree. The brand new liquid-cooled ESS PowerTitan can mitigate numerous the issues with the superior liquid cooling thermal administration and AI monitoring for battery cells, which optimizes security in addition to yields,” Bradshaw stated.

Information merchandise from Sungrow

Utility Tampa Electric Co. (TECO) has bought, put in and acquired regulatory approval for Emera Technologies’ BlockEnergy microgrid platform to be used in a pilot program serving Southshore Bay residential improvement, a group south of Tampa, Fla. The solar-plus-energy storage microgrid, absolutely owned and operated by TECO, permits elevated operability, safety and grid resilience to mitigate excessive climate and different occasions that may impression electric utility grid uptime. BlockEnergy microgrid additionally supplies TECO with an economical option to provide a distributed clear energy useful resource to its Southshore Bay clients and to rapidly advance its imaginative and prescient to realize a net-zero carbon future.

The Southshore Bay residential group, developed in partnership with dwelling builder Lennar Properties and land developer Metro Growth Group, is comprised of 37 new houses all geared up with absolutely built-in, shared rooftop {solar} PV programs. Every dwelling has a battery storage and energy digital management system, or BlockBox, which connects to the neighborhood distribution community, the place it communicates and shares energy as wanted inside the group. A central energy park is situated close to the doorway of Southshore Bay, containing supplemental batteries, non-compulsory extra technology to be used throughout outages and a connection to the electrical utility energy grid.

With this utility-owned enterprise mannequin, owners nonetheless pay for electrical energy on the similar metered price as they usually would, with no additional grid fees or different charges. By being a part of the BlockEnergy community, as much as 80% of their dwelling energy comes from the solar with out having to rent a {solar} contractor to put in a rooftop PV system, undergo the allowing and interconnection course of, after which function and keep the system.

“We’re regularly striving to search out new methods of bringing smarter, cleaner and extra dependable energy to our clients,” says Dave Pickles, vice chairman of electrical supply of Tampa Electric. “The BlockEnergy microgrid pilot venture is a promising resolution that brings a brand new layer of management, operability and suppleness. It’s one that may immediately profit our clients and assist us to understand our net-zero imaginative and prescient.”

“We developed our BlockEnergy utility-owned enterprise mannequin with the constitution to discover a win-win resolution for utilities, owners and regulators to supply clear, dependable energy to owners,” states Rob Bennett, CEO of Emera Applied sciences. “We’re excited TECO is main the way in which by adopting BlockEnergy for Southshore Bay and offering a mannequin residential group that different utilities can be taught from, observe swimsuit, and proceed to make the mandatory adjustments we’d like for a cleaner, extra grid-resilient future.”

After two years of pilot testing and optimizing the platform at Kirtland Air Drive Base in New Mexico – in collaboration with Sandia Laboratories – BlockEnergy acquired approval from the Florida Public Service Fee for Southshore Bay as a four-year pilot venture. The Tampa Electric information additionally comes on the heels of Emera Applied sciences’ latest UL 9450 fireplace and security certification for the energy storage management system built-in with the BlockEnergy platform.

“We’re taking a look at sustaining infrastructure and guaranteeing mission readiness in a means that’s protected, safe, dependable, and cost-effective,” commens Colonel David Miller, the previous commander of Kirtland Air Drive Base. “The Emera venture is correct consistent with what we are attempting to do. This additionally positions us as a pacesetter in serving to the state of New Mexico meet 2045 renewable portfolio requirements, whereas testing an progressive and sensible strategy to energy surety and resiliency.”