US firm to build 127 solar projects worth $165m

A US renewable energy firm is building 127 solar projects worth $165 million (£105m). The schemes, which stretch accross 12 states from Maine to California, will generate a total of […]

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A US renewable energy firm is building 127 solar projects worth $165 million (£105m).

The schemes, which stretch accross 12 states from Maine to California, will generate a total of 85GWh of electricity each year – energy to power 13,000 households.

First Niagara Financial Group and a tax equity provider are financing the projects.

It is the sixth round of financing Greenskies has completed with First Niagara since 2012.

Peter Thomas, the bank’s Vice President, said: “This particular financing vehicle allows the company to leverage additional capital and accelerate the distribution of green renewable energy throughout not only New England but the entire nation.”

Another US solar company recently raised £84.6 million for green projects in the UK.