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ENGIE, Hannon Armstrong Partner on Solar+Storage (Ind. Report)
ENGIE, Hannon Armstrong
Date: 2020-12-11
Houston-headquartered ENGIE North America reports it is partnering with Annapolis, Maryland-based Hannon Armstrong, a leading investor in climate change solutions, to jointly invest in a Distributed Generation (DG) portfolio of community solar and solar-plus-storage assets totaling roughly 70 MW in Massachusetts, Illinois, Vermont, California, Texas, and Arizona.

The agreement will allow ENGIE to rely on committed capital by Hannon Armstrong through December 31, 2021 to finance DG assets across the U.S. ENGIE will retain partial ownership and provide development, construction, operational, asset management, and administrative services. Hannon Armstrong will provide capital to ENGIE through a unique structure that will bring efficiency to a forward flow of projects, leveraging tax equity financing through an upper-tier arrangement with Morgan Stanley.

ENGIE North America Inc. offers a range of capabilities in the United States and Canada to help customers decarbonize, decentralize and digitalize their operations. These include comprehensive services to help customers run their facilities more efficiently and optimize energy and other resource use and expense; clean power generation; energy storage; and retail energy supply that includes renewable, demand response, and on-bill financing options. Nearly 100 pct of the company's power generation portfolio is low carbon or renewable

NYSE-listed Hannon Armstrong provides capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. (Source: ENGIE North America, PR, Dec., 2020) Contact: ENGIE North America, Sandrine Deparis, (202) 855 3705, sandrine.deparis@engie.com, www.engie-na.com Hannon Armstrong, Chad Reed, IR, (410) 571 6189, Investors@hannonarmstrong.com, www.hannonarmstrong.com

More Low-Carbon Energy News ENGIE,  Hannon Armstrong,  Solar,  Energy Storage,  Solar+Storage ,  


SunPower Secures Res. Solar Lease Financing (Ind. Report)
SunPower
Date: 2020-09-25
San Jose, California-based distributed generation storage and energy services provider SunPower reports it has secured financing commitments from Hannon Armstrong Sustainable Infrastructure Capital, Inc. and other capital providers for its residential solar lease program, as well as its new solar plus storage program, SunPower Equinox® system with SunVault™ storage. These customer financing provisions will supplement the solar loan, solar lease and cash sale alternatives that SunPower presently offers.

SunPower has provided solar lease financing options to customers since 2010 and has offered them through its network of residential solar dealers in many areas across the U.S., new home builders where the company holds a market-leading position, and direct sales teams. Last year, SunPower's U.S. residential business saw annual deployment growth of more than 15 pct bringing the total number of American homes with SunPower solar to over 330,000 households, according to the company website release. (Source: SunPower Corp., Website PR, 22 Sept., 2020) Contact: SunPower, Tom Werner, CEO, www.sunpower.com

More Low-Carbon Energy News SunPower,  Solar,  


Hannon Armstrong Joins Partnership for Carbon Accounting Financials (Ind. Report)
Hannon Armstrong,Partnership for Carbon Accounting Financials
Date: 2020-09-25
Annapolis, Maryland-headquartered climate change solutions investor Hannon Armstrong Sustainable Infrastructure Capital, Inc. reports it has joined the Partnership for Carbon Accounting Financials (PCAF), a global industry-led network of more than 70 financial institutions working to establish a common carbon accounting framework. facilitate a consistent and transparent approach to assess and disclose greenhouse gas (GHG) emissions associated with loans and investments in the financial services industry.

Launched in 2019, PCAF will offer a consistent approach to portfolio carbon accounting that provides financial institutions the information required to inform actions and strategy, set climate targets, assess climate transition risks, and disclose progress. This approach feeds into the work of other climate disclosure guidelines and reporting initiatives, such as the Task Force on Climate-related Financial Disclosures (TCFD), Science Based Targets initiative (SBTi), and CDP, according to the release.

As of December 31, 2019, Hannon Armstrong's investments have avoided 3.2 million metric tpy of CO2e. . The company is the first U.S. public company solely dedicated to investments in climate change solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $6 billion in managed assets as of June 30, 2020. Hannon Armstrong's core purpose is to make climate-positive investments with superior risk-adjusted returns (Source: Hannon Armstrong, Website, PR, Sept., 2020) Contact: Partnership for Carbon Accounting Financials, www.carbonaccountingfinancials.com; Hannon Armstrong, Jeffrey W. Eckel, CEO, . (410) 571-6189, investors@hannonarmstrong.com, www.hannonarmstrong.com

More Low-Carbon Energy News Hannon Armstrong,  Partnership for Carbon Accounting Financials,  Carbon Market,  Carbon Emission,  


Hannon Armstrong, Summit Ridge Partner on Community Solar Opportunities (Ind. Report)
Hannon Armstrong,Summit Ridge
Date: 2019-06-07
Hannon Armstrong, a leading investor in climate change solutions, and community solar specialist Summit Ridge Energy (SRE) are reporting they will jointly invest in community solar projects across several US markets including Maryland, where the initial solar power plants will come online in Prince George's and Baltimore Counties this summer.

As part of the agreement, Hannon Armstrong will provide long-term financing to community solar projects developed and acquired by Summit Ridge Energy across multiple states. Summit Ridge is targeting construction of over 250 MW of community solar power over the next few years.

Hannon Armstrong investments are focused on climate change solutions, energy efficiency, renewable energy and other sustainable infrastructure markets. (Source: Summit Ridge Energy , CleanTechnica, 6 June, 2019) Contact: Hannon Armstrong , Jeffrey Eckel, Pres., CEO, Gil Jenkins , (443) 321-5753, media@hannonarmstrong.com, www.hannonarmstrong.com; Summit Ridge, Steve Raeder, CEO, www.srenergy.com

More Low-Carbon Energy News Hannon Armstrong,  Community Solar,  Solar,  

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