Nebraska solar energy sector set to quintuple in capacity this year

State’s first commercial solar project is taking form in Lincoln Solar power is beginning to establish a foothold in Nebraska. The state has shown interest in clean energy for some time, but the expansion of renewable power systems has been relatively slow when compared to what is being seen in other states. Now, however, Nebraska’s solar capacity is expected to quintuple this year, with the state’s first commercial solar energy system expected to come online later next month. New energy system will expand state’s solar capacity by a significant margin…

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Fund launched to help build commercial solar energy projects

SolarCity to use new fund to aid in the financing of solar energy projects SolarCity, one of the world’s leading solar energy developers, has received access to a fund exceeding $1 billion. This funding will be used by the company to develop new commercial-scale solar energy systems, as well as battery storage systems. Much of the fund is comprised of money provided by Credit Suisse. The growing demand for solar energy systems has presented SolarCity with promising opportunities. The fund is expected to help the company take advantage of these…

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Duke Energy invests in solar energy company REC Solar

Duke Energy to acquire a majority stake in REC Solar with $225 million investment Duke Energy, one of the largest utilities in the United States, has announced that it is acquiring a majority stake in REC Solar, a solar energy developer. The company will be investing some $225 million into commercial solar energy projects that have been developed by REC Solar. The funding is expected to help REC Solar introduce new pricing models for its solar power services to the commercial market, wherein solar energy is becoming a very attractive…

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