✉news EnvironmentEnergy first seen 13 h ago, last 51 min ago, peak #18
Generate Raises $117 Million for 114 MW Community Solar Portfolio
Original: Generate secures $117 million to finance a 114 MW community solar portfolio, giving a new batch of distributed projects the capital to move forward
Generate has secured $117 million in financing to fund a 114 MW community solar portfolio, giving a new batch of distributed projects the capital needed to advance. The deal reflects continued investor appetite for community solar, which lets households and businesses subscribe to local solar projects and receive credits on their electricity bills. The funding is expected to move the portfolio toward construction and operation.
Why now: Large new financing for community solar signals strong momentum in distributed renewable energy investment.
Evidence
- Generate secures $117 million to finance a 114 MW community solar portfolio, giving a new batch of distributed projects the capital to move forward · Energies Media
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