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clean energy firm Intersect Power has introduced the commercial operation of its Radian solar project in Texas that is expected to provide green energy to greater

Intersect Power has announced that its Lumina Solar project in Texas has achieved commercial operation. The solar park has a capacity of 828 MWp/640 MW AC and is equipped with First Solar panels. It is expected to generate enough power to cover the demand of over 243,000 homes annually. The facility will also generate Renewable Energy Credits, which will be purchased by two undisclosed Fortune 100 companies. With the completion of Lumina Solar, Intersect Power's base portfolio is now fully operational, totaling 2.2 gigawatts of solar capacity and 1.4 gigawatt hours of storage in Texas and California.The funds for the construction and operation of the project were obtained as part of a broader portfolio financing announced in September 2022. Intersect Power's CEO, Sheldon Kimber, expressed pride in the company's fully operational portfolio, highlighting the economic development, job creation, and energy security it brings to the country. What is the capacity and significance of Intersect Power's newly operational Lumina Solar project in Texas? The Lumina Solar project in Texas has a capacity of 828 MWp/640 MW AC, making it a significant addition to the renewable energy landscape. Equipped with First Solar panels, the solar park is expected to generate enough power to cover the demand of over 243,000 homes annually. The facility will also generate Renewable Energy Credits, which will be purchased by two undisclosed Fortune 100 companies, further highlighting its significance in the renewable energy market. With the completion of Lumina Solar, Intersect Power's base portfolio is now fully operational, totaling 2.2 gigawatts of solar capacity and 1.4 gigawatt hours of storage in Texas and California. The funds for the construction and operation of the project were obtained as part of a broader portfolio financing announced in September 2022, indicating the financial support and confidence in Intersect Power's renewable energy projects. Intersect Power's CEO, Sheldon Kimber, expressed pride in the company's fully operational portfolio, emphasizing the economic development, job creation, and energy security it brings to the country. This highlights the positive impact of the Lumina Solar project on the local economy and the renewable energy sector as a whole.

has just scored a big win in a United States solar project. Intersect Power, among North America's largest programmers of utility-scale renewable resource, has

Intersect Power LLC has closed an up-to-USD-800-million revolving corporate credit facility to support the delivery of renewable energy production and storage, as well as green hydrogen projects. A consortium of Deutsche Bank AG, Nomura Securities International and Santander Corporate & Investment Banking served as Coordinating Lead Arrangers and Joint Bookrunners. This deal follows a USD-1-billion growth equity investment from TPG Rise Climate, CAI Investments, and Trilantic Energy Partners North America. Intersect Power's current base portfolio includes 2.2 GW of solar and 1.4 GWh of co-located storage in operation or being commissioned. CEO Sheldon Kimber believes the financing allows Intersect to bring gigawatts of clean energy online and further demonstrate that the climate crisis requires a rebuild of energy and industrial infrastructure. What Financing Does Intersect Power Offer for Renewables? Intersect Power offers a variety of financing options for renewable energy projects, including a corporate credit facility, growth equity investment, and other traditional forms of financing. The revolving corporate credit facility of up to USD 800 million is specifically targeted to support renewable energy production and storage, as well as green hydrogen projects. Intersect Power's current base portfolio includes 2.2 GW of solar and 1.4 GWh of co-located storage in operation or being commissioned. The deal has been underwritten by a consortium of Deutsche Bank AG, Nomura Securities International and Santander Corporate & Investment Banking. CEO Sheldon Kimber believes that the financing will allow Intersect to bring gigawatts of clean energy online and play a role in addressing the climate crisis.

I and also II in Texas. All 6 are anticipated to become functional by 2023. Intersect Power claimed it has secured USD 1.4 billion of portfolio level, term debt financing

Global Holdings, a subsidiary of SoftBank Group, has signed off on a deal with Intersect Power that will see SB Energy acquire a portfolio of five US PV projects with a

clean energy company, Intersect Power revealed a $750 million growth equity investment for its renewable resource portfolio the other day (28th June 2022). TPG Rise

the electrical energy manufacturing of around 94,000 regional homes per year. Intersect Power took control of possession of the Athos III project from RRG Renewables in

Solar has reached a PV supply arrangement with Intersect Power for a significant pipeline of solar projects throughout the US. The firm will certainly supply 2.4 GW of

an additional 4900MW (DC) of its thin film photovoltaic (PV) modules to Intersect Power. When integrated with a previously introduced arrangement for 2.4 GW (DC)

448 MWh of co-located storage. " Today marks a major milestone for the Intersect Power team and our effect as a clean energy programmer, proprietor as well as

developer Intersect Power says it has reached late-stage development for five utility scale solar projects in Texas and California with a combined generation capacity

Intersect Power’s 500 MW Oberon solar and storage project has been initiated in California, combination of modules from First Solar and smart solar trackers from Nextracker with Tesla battery storage. This is in line with the USA’s Inflation Reduction Act (IRA) that emphasizes on domestically manufactured products. The Oberon project is the first to be developed in accordance with the Bureau of Land Management (BLM) Desert Renewable Energy Conservation Plan, with over 930 skilled union jobs created during its peak construction phase. The project will offer renewable energy credits, energy and resource adequacy to Calpine Energy Solutions, Constellation, Ava Community Energy, Microsoft and San Diego Community Power. What Benefits Does Intersect Power's Oberon Solar Project Offer? The Oberon project will provide clean, reliable energy to over 200,000 California households. It will help reduce the state’s carbon emissions by 500,000 metric tons, equivalent to taking 110,000 cars off the road. The project will create hundreds of jobs and inject millions of dollars into the economy. It will provide an additional source of renewable energy to the state, helping to reduce dependence on fossil fuels. The project will help reduce energy costs for consumers and businesses, making the state more competitive in the global market. The project will also help reduce grid congestion, resulting in a more reliable electricity supply. It will contribute to the diversification of California’s energy mix, reducing the state’s reliance on natural gas. Lastly, the project will help California meet its clean energy goals and provide a model for other states to follow.

advance to rapid business scale-up." Terabase Energy has relationships with Intersect Power, Signal Energy, Nextracker and also First Solar, and the business offered

thin film modules for five projects across Texas and California with developer Intersect Power.   The five projects are all set to start construction in 2020 with