Energy Storage News•about 11 hours ago
NineDot Energy closes US$431 million for New York BESS, Ameresco completes multiple tax credit transfers
Key Takeaway
The successful financing and tax credit transfers underscore the increasing financial viability and policy-driven momentum for BESS and solar projects, offering clear pathways for developers and cost-saving opportunities for large power consumers.
AI Summary
- •NineDot Energy secured US$431 million in construction financing for New York BESS projects, signaling strong investor confidence and capital availability for grid-scale storage development.
- •Ameresco successfully completed multiple tax credit transfer and financing transactions for solar PV and BESS, demonstrating a viable and active market for monetizing IRA incentives.
- •These transactions highlight robust financial mechanisms and policy support driving significant investment and deployment in battery energy storage and solar, particularly in high-demand markets like New York.
Topics
financingirapolicysolarstorage
Article Content
Energy storage developer NineDot Energy closes US$431 million in construction financing for New York BESS projects. Meanwhile, US energy efficiency and renewables company Ameresco completes multiple tax credit transfer and financing transactions for solar PV and BESS.