SunLight General Capital

Last updated

SunLight General Capital is a developer, financer, and operator of solar power plants in North America and provides solar-generated energy to commercial, government, and utility customers through Power Purchase Agreements. SunLight General Capital, founded by professionals from the solar and finance industries in 2009, has developed over 100 sites in an aggregate amount over 35 MW.It was founded by senior professionals from the solar and finance industry.

Contents

History Overview

The company has started its operations in 2009 and focused initially on the northeast, in particular New Jersey and Connecticut. In 2010, SunLight General Capital started construction of several projects in New Jersey, including sites at Bergen County facilities and Teterboro Airport.

In 2011, SunLight General Capital expanded in Connecticut, with the largest solar installation at a public facility in the State, at the Ansonia Board of Education. [1] It is also starting construction on 7 MW in projects in Somerset County, [2] financed with an innovative municipal bond issuance, [3] and was awarded what will be the largest ground mount project at a higher education facility in the United States, a 10 MW ground mount solar power plant to be built at Mercer County Community College.

In 2017, SunLight General Capital purchased its first solar system in California, located within the campus the San Domenico School.

Related Research Articles

<span class="mw-page-title-main">Solar Energy Generating Systems</span> Concentrated solar thermal power station in the Mojave Desert of California

Solar Energy Generating Systems (SEGS) is a concentrated solar power plant in California, United States. With the combined capacity from three separate locations at 354 megawatt (MW), it was for thirty years the world's largest solar thermal energy generating facility, until the commissioning of the even larger Ivanpah facility in 2014. It was also for thirty years the world's largest solar generating facility of any type of technology, until the commissioning of the photovoltaic Topaz Solar Farm in 2014. It consisted of nine solar power plants in California's Mojave Desert, where insolation is among the best available in the United States.

<span class="mw-page-title-main">Constellation Energy</span> Energy company headquartered in Baltimore, Maryland

Constellation Energy Corporation is an American energy company headquartered in Baltimore, Maryland. The company provides electric power, natural gas, and energy management services. It has approximately two million customers across the continental United States.

<span class="mw-page-title-main">AES Corporation</span> American energy company

The AES Corporation is an American utility and power generation company. It owns and operates power plants, which it uses to generate and sell electricity to end users and intermediaries like utilities and industrial facilities. AES, headquartered in Arlington, Virginia, is one of the world's leading power companies, generating and distributing electric power in 15 countries and employing 10,500 people worldwide. AES Corporation is a global Fortune 500 power company. AES Ranks in the Top Ten of Fast Company's 2022 Best Workplaces for Innovators.

<span class="mw-page-title-main">Serpa solar power plant</span> Construction

Construction of the 11 megawatt Serpa solar power plant began in May 2006 and was completed as planned in January 2007, at the cost of 58 million euro. The facility is located in Serpa, in Portugal's Alentejo agricultural region, 200 kilometers (120 mi) southeast of Lisbon. The plant uses SunPower subsidiary PowerLight's PowerTracker system to follow the sun's daily path across the sky and generate more electricity than conventional fixed-mounted systems. The plant provides enough electricity to supply approximately 8,000 homes.

<span class="mw-page-title-main">Nellis Solar Power Plant</span> Solar park in Nevada, US

The Nellis Solar Power Plant is a 14-megawatt (MW) photovoltaic power station located within Nellis Air Force Base in Clark County, Nevada, northeast of Las Vegas. The power plant was inaugurated in a ceremony on December 17, 2007, with Nevada Governor Jim Gibbons activating its full operation. On average, it has since generated 32 gigawatt-hours of electricity annually and supplied more than 25% of the power used at the base.

<span class="mw-page-title-main">Solar power in the United States</span>

Solar power includes solar farms as well as local distributed generation, mostly on rooftops and increasingly from community solar arrays. In 2023, utility-scale solar power generated 164.5 terawatt-hours (TWh), or 3.9% of electricity in the United States. Total solar generation that year, including estimated small-scale photovoltaic generation, was 238 TWh.

Sopogy short for Solar Power Technology was a solar thermal technology supplier founded in 2002 at the Honolulu, Hawaii-based clean technology incubator known as Energy Laboratories. The company began its research on concentrating solar thermal energy to produce solar steam and thermal heat for absorption chillers or industrial process heat. The company has also developed applications that incorporate its solar collectors to generate electricity and desalination. Sopogy's name origin comes from industry key words "So" from solar "po" from power and "gy" from energy and technology. The company has its OEM and IPP sales teams along with research and development located in Honolulu, and in 2006 expanded its manufacturing, C&I and oil and gas sales teams in its Silicon Valley facility. Pacific Business News and Greentech Media reported that the VC-funded micro-concentrator solar power firm was shutting down operations based on statements from its President David Fernandez, however Hitachi Power Systems acquired Sopogy in a private transaction in 2014.

<span class="mw-page-title-main">BrightSource Energy</span>

BrightSource Energy, Inc. is an Oakland, California based, corporation that designs, builds, finances, and operates utility-scale solar power plants. Greentech Media ranked BrightSource as one of the top 10 greentech startups in the world in 2008.

eSolar Concentrating solar power

eSolar is a privately held company that develops concentrating solar power (CSP) plant technology. The company was founded by the Pasadena-based business incubator Idealab in 2007 as a developer of CSP plant technology. The company aims to develop a low cost alternative to fossil fuels through a combination of small heliostats, modular architecture, and a high-precision sun-tracking system. In October 2017, an article in GreenTech Media suggested that eSolar ceased business in late 2016.

<span class="mw-page-title-main">Solar power in New Jersey</span> Overview of solar power in the U.S. state of New Jersey

New Jersey has over 4,700 MW of installed solar power capacity as of January 2024, which provides more than 7% of the state's electricity consumption. The's state's growth of solar power is aided by a renewable portfolio standard that requires that 22.5% of New Jersey's electricity come from renewable resources by 2021 and 50% by 2030, by incentives provided for generation of solar power, and by one of the most favorable net metering standards in the country, allowing customers of any size array to use net metering, although generation may not exceed annual demand. As of 2018, New Jersey has the sixth-largest installed solar capacity of all U.S. states and the largest installed solar capacity of the Northeastern States.

<span class="mw-page-title-main">Solar power in Florida</span> Overview of solar power in Florida, United States

Solar power in Florida has been increasing, as the cost of solar power systems using photovoltaics (PV) has decreased in recent years. Florida has low electricity costs compared with other states, which makes individual solar investment less attractive. Florida ranks ninth nationally in solar resource strength according to the National Renewable Energy Laboratory and tenth in solar generation by the Solar Energy Industries Association.

<span class="mw-page-title-main">San Luis Valley Solar Ranch</span> Photovoltaic power station in the San Luis Valley,

The San Luis Valley Solar Ranch is a 30 megawatt (MWAC) photovoltaic power station in the San Luis Valley, located near the town of Mosca, Colorado. It was the largest solar facility in the state when it came online at the end of 2011. The electricity is being sold to Public Service of Colorado, a subsidiary of Xcel Energy, under a 20-year power purchase agreement.

<span class="mw-page-title-main">Solar power in Michigan</span> Overview of solar power in the U.S. state of Michigan

Solar power in Michigan has been growing in recent years due to new technological improvements, falling solar prices and a variety of regulatory actions and financial incentives. The largest solar farm in Michigan is Assembly Solar, completed in 2022, which has 347 MW of capacity. Small-scale solar provided 50% of Michigan solar electricity as recently as 2020 but multiple solar farms in the 100 MW to 200 MW range are proposed to be completed by the middle of the decade. Although among the lowest U.S. states for solar irradiance, Michigan mostly lies farther south than Germany where solar power is heavily deployed. Michigan is expected to use 120 TWh per year in 2030. To reach a 100% solar electrical grid would require 2.4% of Michigan's land area to host 108 GW of installed capacity.

Mount Signal Solar, also known as Imperial Valley Solar Project, is a 794 MWp (614 MWAC) photovoltaic power station west of Calexico, California, United States, in the southern Imperial Valley, near the Mexican border. The facility is being developed and constructed by 8minutenergy Renewables in three phases, with two completed as of 2018. At full build-out, it will be one of the world's largest PV solar farms with a capacity of about 800 MWp (600 MWAC). The project has been supported by several environmental groups, as the power station was built on low productivity farmland.

The Boulder Solar project is a 150 megawatt (MWAC) photovoltaic power station near Boulder City, Nevada. It was built in two phases by SunPower using its Oasis Power Plant system. The project is co-located with several other large solar power projects in the Eldorado Valley.

The Beacon Solar Project is a photovoltaic power station in the northwestern Mojave Desert, near California City in eastern Kern County, California. Split into five phases, the combined Beacon solar facilities generate 250 MW of renewable energy for the Los Angeles Department of Water and Power (LADWP). The five phases of the project, fully completed in December 2017, include a total of 903,434 individual solar photovoltaic modules, mounted onto Nextracker single-axis tracking systems.

The Escalante Solar Project is a 240 MWAC (315 MWp) photovoltaic power station located about 5 miles north of the town of Milford in Beaver County, Utah. The project was developed by SunEdison, built by Mortenson Construction, and commissioned in September 2016. The power is being sold under three separate 20-year power purchase agreements to Rocky Mountain Power which serves customers in Utah, Idaho, and Wyoming. At 1900 acres (3.0 sq miles), it is the largest grouping of photovoltaic generators in the state of Utah.

<span class="mw-page-title-main">Comanche Solar Project</span> Photovoltaic power station

The Comanche Solar Project is a 120 megawatt (MWAC) photovoltaic power station near the city of Pueblo, Colorado. It became the largest solar facility in the state when it came online in late 2016. The electricity is being sold to Public Service of Colorado, a subsidiary of Xcel Energy, under a 25-year power purchase agreement (PPA). Xcel determined through an open bid process that the PPA's terms were competitive with natural gas.

<span class="mw-page-title-main">Bison Solar Plant</span> Power plant in Colorado, USA

The Bison Solar Plant, also known as the Rawhide Flats Solar Plant, is a 30 megawatt (MWAC) photovoltaic power station in Larimer County, Colorado located about 10 miles (16 km) north of the town of Wellington. The plant is notable for being one of the first in the U.S. built to a 1500 Volt system specification. The electricity is being sold to the Platte River Power Authority (PRPA) under a 25-year power purchase agreement.

Red Hills Renewable Energy Park is a 104 MWp (80 MWAC) photovoltaic power plant located about 3 miles northwest of the town of Parowan in Iron County, Utah. It was the largest solar facility in the state when it came online in December, 2015. The power is being sold under a 20-year power purchase agreement to Rocky Mountain Power which serves customers in Utah, Idaho, and Wyoming.

References

  1. "Ansonia". New Haven Independent . 23 August 2011.
  2. "Somerset". My New Jersey. Archived from the original on July 23, 2012.
  3. "Somerset financing". Solar Industry Magazine.