Articles from Aspen Power

Aspen Power, a leading distributed generation platform dedicated to building the clean energy future, today announced the acquisition of two community solar projects in Illinois with a combined capacity of 13.9 megawatts direct current (MWdc). Located in Grafton and Rochester, the projects are expected to generate over 19 million kilowatt-hours (kWh), which is the clean energy equivalent to powering 2,770 homes each year.

Aspen Power, a leading distributed generation platform dedicated to building the clean energy future, today announced the closing of a new tax equity facility with Monarch Private Capital. The investment will support Aspen Power solar project portfolios across New York, Illinois, and Pennsylvania, further advancing the company’s 2025 pipeline.

Aspen Power has acquired two community solar projects in New Jersey totaling just over one megawatt direct current (MWdc) solar capacity from Ecogy Energy. The projects, located in Millville (South Jersey) and Ocean Township (Monmouth County), were initially developed by Ecogy Energy and are approaching the start of construction.

Aspen Power, a leading distributed generation platform dedicated to building the clean energy future, held a ceremony this week to celebrate the completion of ten new solar sites that are making meaningful contributions to Pennsylvania’s energy goals. With a combined capacity of 42.5 megawatts (MW), or enough to power 8,500 homes electricity each year, the projects generate long-term rental income for local landowners and boost regional infrastructure. This portfolio is the first part of a multi-phase rollout in the state for Aspen Power.

Aspen Power, a leading distributed generation platform dedicated to building the clean energy future, has closed on the Membership Interest Purchase and Development Services Agreement (MIPDSA) of a 14.1 megawatt direct current (MWdc) community solar portfolio in Illinois. Aspen Power has acquired the early-stage sites from Arrow Solar Development LLC and plans to use the company’s expertise and financial strength to bring the projects from early-stage development and construction to long-term operation.

Aspen Power, a leading distributed generation platform dedicated to building the clean energy future, announced multiple new financings to support its expansion across the U.S. The company announced the successful closing of an additional investment from Carlyle, building on the firm’s initial commitment in 2022, while also securing a new $142 million construction-to-term credit facility with MUFG to fund its 2025 project pipeline.

Aspen Power, a leading distributed generation platform dedicated to building the clean energy future, announced today that it has closed on a community solar portfolio from Greenwood Sustainability Infrastructure (GSI), totaling 23 megawatts of direct current (MWdc) capacity.

Aspen Power, a leading distributed generation platform dedicated to building the clean energy future, has launched a year-end initiative to accelerate the development of renewable energy projects slated for completion in 2025. This effort aims to engage a broad range of partners, including solar developers, law firms, banks, EPC firms, real estate portfolio owners, and anyone working on solar portfolios at all stages of development and construction to be commissioned in 2025.

Aspen Power, a leading distributed generation platform dedicated to building the clean energy future, held ceremonies this week to celebrate the completion of two community solar sites in Corinth and Prospect, Maine, which together deliver 8.5 megawatts (MW) of renewable energy capacity.

Aspen Power, a leading distributed generation platform dedicated to building the clean energy future, today announced the successful closing of the company’s first solar Investment Tax Credit (ITC) transfer deal. The transaction with private investor Dan Kalafatas monetized the ITCs generated by five projects located across California and New York.

Aspen Power, a leading distributed generation platform dedicated to building the clean energy future, today announced that it has completed six solar projects totaling 25.5 megawatts (MW) direct current (dc) of generation capacity in Pennsylvania. The projects are expected to produce up to 37 million kilowatt-hours electricity in their first year of operation – enough electricity for 5,100 homes annually.

Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, announced today that it is partnering with a developer to acquire 20 community solar projects up to 19 MW, primarily in Illinois. The portfolio consists of projects in various stages, including projects already in construction and set to be commissioned this year.

Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, announced today that it has acquired eight ground-mounted solar projects in Pennsylvania and New York State from Solar Site Developers. These sites, totaling more than 41 megawatts of direct current (MWdc) projects.

Aspen Power, a leading distributed generation platform with a mission to accelerate and democratize decarbonization, today announced the addition of Peter Sherk to its Board of Directors.

Aspen Power, a leading distributed generation platform with a mission to accelerate and democratize decarbonization, today announced it has completed three financings totaling $241 million with J.P. Morgan, Lombard Odier, and Mitsubishi UFJ Financial Group, Inc. (MUFG). The expanded credit facilities with J.P. Morgan and Lombard Odier, as well as a new construction-to-term facility with MUFG, are expected to promote Aspen Power’s continued strategic growth and support the timely and efficient construction of new solar energy projects.

Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, announced today that it has completed construction on 14 solar projects that the company acquired from Inman Solar in Georgia.

Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, today announced that it completed the initial closing on a $70 million credit facility with J.P. Morgan and a $20 million equipment supply loan with First Citizens Bank. Efficient financing of Aspen’s operating assets and equipment supports expanded development and growth in Aspen’s key markets including community solar, commercial and industrial (C&I), and multifamily real estate.

Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, announced today that it has named Andrew Blevin as Chief Risk Officer. This addition to the senior leadership team aims to bolster Aspen Power's mission of advancing sustainable energy solutions.

Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, announced today that it has completed its initial solar project with partner The Michaels Organization, a national leader in residential real estate. The rooftop PV system is located at a newly constructed multifamily complex in Davis, California. The first in a pipeline of projects for Aspen Power with The Michaels Organization, this successful project serves as a model to programmatically develop future projects.

Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, announced today that it has acquired a portfolio of 15 ground-mounted community solar projects in Maine. The projects, ranging in size from 1.4 megawatts of direct current (MWdc) to 7 MWdc, total 37 MWdc and are located across the state, from the southern region through Bangor.

Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, announced today that it has acquired an initial 10 ground-mounted solar projects in northwest Pennsylvania from Sunrise Energy, LLC. These sites, totaling 42 megawatts of direct current (MWdc) projects, are the start of Aspen’s agreement with Sunrise for the development of an 84MWdc portfolio and represent Aspen’s first phase of its multi-hundred MW Pennsylvania strategy.

Leading US distributed energy company Aspen Power announced that the company has developed or acquired more than 100 solar projects in Massachusetts. Following Aspen Power's acquisition of Safari Energy in 2022, the company’s footprint in the state now totals 36.5 megawatts (MW) of capacity with 90,790 megawatt-hours (MWh) of electricity produced to date. That’s the equivalent of the electricity use of more than 12,000 homes per year or avoiding more than 64,000 metric tons of carbon dioxide emissions from entering the atmosphere.1