OMERS Infrastructure Signs Agreement with Ares Management to Acquire 100% of Navisun LLC, Signals Entry into Distributed Generation Space

OMERS Infrastructure Signs Agreement with Ares Management to Acquire 100% of Navisun LLC, Signals Entry into Distributed Generation Space

OMERS Infrastructure today announced that it has signed an agreement with a fund managed by Ares Management Corporation to acquire 100% of Navisun LLC, an independent distributed generation solar power producer. Navisun acquires, co-develops, constructs, finances, owns and operates distributed and small utility-scale solar and storage projects throughout the United States.

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Best Buy Solar Project is its Largest Renewable Energy Venture

Best Buy Solar Project is its Largest Renewable Energy Venture

Best Buy’s latest solar power involvement is the largest renewable energy project the company has been involved with and will offset the carbon impact of around 30% of its US stores.

The Prospero 2 Best Buy Solar field began operation in August and is located in Andrews County, Texas, covering more than 2,5000 acres. Best Buy, which has been active in solar power and renewable energy uses, says this project alone will offset the carbon impact of 300 of its stores. The Prospero 2 Best Buy Solar field was developed in partnership with U.S. Bank and Longroad Energy.

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Duke Energy Sustainable Solutions To Build It's Largest Solar Project To Date

Duke Energy Sustainable Solutions*, a nonregulated commercial brand of Duke Energy (NYSE: DUK), today announced the start of construction of the 250-megawatt (MW) Pisgah Ridge Solar project in Navarro County, Texas.

Once in operation, it will be the largest utility-scale solar facility in Duke Energy Sustainable Solutions’ fleet.

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Leeward Renewable Energy to Acquire Solar Development Platform from First Solar

Leeward Renewable Energy, LLC (“Leeward”), a growth-oriented renewable energy company and portfolio company of OMERS Infrastructure, today announced that it has entered into a Purchase and Sale Agreement (the “Agreement”) with First Solar, Inc. (NASDAQ: FSLR), through which Leeward will acquire from First Solar a utility-scale solar project platform of approximately 10-gigawatts (GW)AC.

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