The latest round of financing brings the total raised in 2016 to $165 million, which allows the company to pursue an aggressive growth strategy moving forward.
The Boston-based solar developer, founded in 2016, purchased the significant project pipeline to establish itself as a national player in the U.S. solar market.
The 70 MW system is just one aspect of the plant’s commitment to 100% sustainability – but the company says it will be seven-times larger than the largest rooftop solar system currently installed.
The agreement includes a direct investment of $100 million by the utility to fund 200 MW of solar projects across the installer’s national portfolio.
When Abigail “Abby” Ross Hopper assumes her duties as president and CEO of the Solar Energy Industries Association next week, it signals a new course for the national association and ushers in an era when the five most powerful association positions in the U.S. solar industry will be held by women.
In the past eight years under President Obama, the solar industry has advanced from a tiny niche market to the country’s largest energy employer – though more work remains to be done.
SEIA has officially announced that Abby Hopper, will start her duties at SEIA on Jan. 17. Hopper previously served as the head of the Maryland Energy Association and was an energy advisor to Maryland Gov. Martin O’Malley, during whose administration Maryland developed a progressive solar policy.