美国风电光伏电站及储能市场概况-2022 WIND + UTILITY SCALE SOLAR + STORAGE Market Overview

2022

WIND+UTILITYSCALESOLAR+STORAGE

MarketOverview

JeffChester

GlobalCo-HeadofEnergyProjectFinance

JeffreyChester|jeff.chester@|+1(310)428-4598March13,2023

AboutGT

GreenbergTraurig,LLP(GT)has

morethan2,650attorneysin44

locationsintheUnitedStates,

Europe,LatinAmerica,Asia,and

theMiddleEast.GThasbeen

recognizedforitsphilanthropic

giving,diversity,andprobono.The

firmhasreportedgrossrevenueof

over$2billion.GTisconsistently

amongthetopfirmsontheAm

Law100,AmLawGlobal100,NLJ

250,andLaw360(US)400.

Thefirmisnetcarbonneutralwith

respecttoitsofficeenergyusage

andMansfieldRule5.0Certified.

©2023GreenbergTraurig,LLP

2

NewU.S.WindPowerCapacity

8,612MWInstalledin2022

Maine20

Minnesota

Oregon

210

Iowa

484

Michigan72

Illinois120

California72

Oklahoma1,452

Texas4,186

Montana

366

245

SouthDakota304

>250-500

Nebraska596

NewMexico235

Colorado145

>500

100-250

<100

Source:ACP

©2023GreenbergTraurig,LLP

3

NewU.S.UtilityScaleSolarPowerCapacity

12,589MWInstalledin2022

>500

>100-500

50-100

<50

N.H.

3

Vermont

Maine

Wisconsin

Michigan

154

Pennsylvania40

Colorado

Missouri

KentuckyVirginia

50636

TennesseeNorthCarolina

180297

Arizona

120

S.Carolina213

3,936

Florida

Hawaii1,166

Conn.N.J.90

30

NewMexico

118

Washington163

Minnesota

22

California

2,123

Nebraska

12

Georgia

388

Nevada

780

Oregon68

Kansas

2

Illinois

340

Miss.

100

Mass.

60

Idaho

120

Arkansas

Iowa

141

Ohio

4

Utah

82

Ala.

100

Del.

50

N.Y.

232

D.C.

1

La.

100

Ind.

32

Texas

Md.

88

R.I.

5

216

225

93

14

7

1

39

Source:ACP

©2023GreenbergTraurig,LLP

4

PlannedUtility-ScaleSolarPV

GeneratingCapacityDelays

Source:U.S.EnergyInformationAgency

©2023GreenbergTraurig,LLP

5

U.S.AnnualandCumulativeCleanPower

CapacityGrowth

Source:ACP

©2023GreenbergTraurig,LLP

6

CumulativeU.S.WindPowerCapacity143,969MWInstalled

byYear-End2022

NorthDakota4,390

SouthDakota3,407

Montana1,486

Oklahoma12,473

>10,000MW

>5,000to10,000MW

AK64

3,000to5,000MW

>1,000to3,000MW

<1,000MW

N.H.

214

Vermont

Maine

Wisconsin

Wyoming

3,177

Pennsylvania1,459

Colorado

5,204

Kentucky

0

NorthCarolina

NewMexico

4,318

S.Carolina0

40,310

Florida

Hawaii

Washington3,518

Minnesota

4,946

Nebraska

3,512

California

6,117

N.J.79

5

Michigan3,231

Missouri

2,435

Georgia

0

Virginia2,824

Oregon4,233

Kansas

8,245

Iowa

12,817

Arizona

618

Nevada

152

Illinois

7,048

Tennessee

Miss.

0

Mass.

120

Ind.

3,468

Ohio1,111

Idaho

973

Arkansas

N.Y.

2,192

Utah

391

Ala.

0

Del.2

D.C.

0

Texas

Conn.

Md.

191

La.

0

WV859

1,031

208

737

149

R.I.

28

0

0

9

233

PuertoRico

Source:ACP125

©2023GreenbergTraurig,LLP

7

74,079MWInstalledbyYear-End2022

CumulativeU.S.UtilityScaleSolarCapacity

NorthDakota0

SouthDakota

1

Montana17

Oklahoma46

>10,000MW

>5,000to10,000MW

AK

1

3,000to5,000MW

>1,000to3,000MW

<1,000MW

Source:ACP143

N.H.

6

Vermont

Maine

Wisconsin

Wyoming

92

1,326

Pennsylvania283

Colorado

1,287

32

89

California

NewMexico

2,811

S.Carolina1,334

12,445

Florida

Hawaii6,005

Washington191

Conn.N.J.

323

Minnesota

1,154

Georgia

3,457

Nebraska

43

Michigan528

NorthCarolina

Nevada

3,814

Oregon800

0Virginia

Tennessee

Illinois

968

Miss.

319

Utah

1,538

Idaho

362

Arkansas

Kentucky

N.Y.

1,044

Iowa

259

Missouri

Ohio

484

Arizona

Kansas

Ala.

524

Del.87

D.C.

20

Ind.

674

La.

125

Texas

Mass.

R.I.

223

Md.

605

17,610

2,824

5,971

1,036

325

365

378

855

715

WV

139

76

327

PuertoRico

©2023GreenbergTraurig,LLP

8

Wind

andSolarPenetrationinERCOT

•WindGenerationrecord:27,044MW(May31,2022)

•WindPenetrationrecord:69.15percent(April10,2022)

•36,909MWofinstalledwindcapacityasofDecember2022

•14,806MWofutility-scaleinstalledsolarcapacityasofDecember2022

•2,788MWofinstalledbatterystorageasofDecember2022

Source:ERCOT

©2023GreenbergTraurig,LLP

9

Wind

10

©2023GreenbergTraurig,LLP

andSolarPenetrationinCAISO

HistoricalPeaks(asofJanuary31,2023)

InstalledRenewableResources(asofJanuary31,2023)

Source:CAISO

Wind

andSolarPenetrationinSPP

Source:SouthwestPowerPool

WindPeak

22,915MW

10:34p.m.CT|February15,2022

WindPenetration

88.5%

10:34p.m.CT|February15,2022

RenewablePeak

23,802MW

9:25p.m.CT|March28,2022

RenewablePenetration

90.2%

2:42a.m.CT|March28&29,2022

©2023GreenbergTraurig,LLP

11

RealTimeGenerationMix

<.01%

21%

41%

4%

26%

16%

35%

19%

MISO

20%

February23,2023@4:05pmCT

3%

.01%

.01%9%12%

32%

42%

<.01%

PJM

February23,2023@2:00pmCT

Source:MISOandPJM

©2023GreenbergTraurig,LLP

12

NYISORealTimeGenerationMix

February23,2023@4:05p.m.CentralTime

Source:NYISO

©2023GreenbergTraurig,LLP

13

InFirstHalfof2022,24%ofU.S.Electricity

GenerationCameFromRenewables

Source:U.S.EnergyInformationAgency

©2023GreenbergTraurig,LLP

14

WindwasSecondLargestSourceofElectricity

onMarch29,2022

Source:U.S.EnergyInformationAgency

©2023GreenbergTraurig,LLP

15

WindEnergyPenetration

inGlobalMarkets

Source:ACP

©2023GreenbergTraurig,LLP

16

Investment&NewCapacityAdditions

forUSPowerGeneration

Source:WoodMackenzie

©2023GreenbergTraurig,LLP

17

MoreThanHalfofNewU.S.Electric-GeneratingCapacity

in2023WillBeSolar

Source:U.S.EnergyInformationAgency

©2023GreenbergTraurig,LLP

18

RenewablePowerPlantsReducingU.S.

ElectricityGenerationfromNaturalGasandCoal

Source:U.S.EnergyInformationAdministration

©2023GreenbergTraurig,LLP

19

Wind

andSolarLCOEs(Unsubsidized)

Source:Lazard

©2023GreenbergTraurig,LLP

20

U.S.AnnualandCumulativeUtilityBattery

StorageCapacityGrowth

Source:ACP

©2023GreenbergTraurig,LLP

21

BatteryStorage2022

Source:ACP

©2023GreenbergTraurig,LLP

22

HybridCapacity2022

Source:ACP

©2023GreenbergTraurig,LLP

23

EVOutlook

Source:EVAdoption

©2023GreenbergTraurig,LLP

24

U.S.OffshoreWindPipeline(40,083MW)

Source:NREL

©2023GreenbergTraurig,LLP

25

U.S.OffshoreLocationsMay2022

Source:NREL

©2023GreenbergTraurig,LLP

26

WindDeveloperMarketShare

YearEnd2022–

8,612MW

336

207

Developer

MW

NextEraEnergyResources2,688

Invenergy

1,298

RWERenewablesAmericas,LLC677

ENGIENorthAmerica602

EnelGreenPowerNorthAmerica600

ØrstedWindPowerNorthAmericaLLC561

ApexCleanEnergyInc.424

EDFRenewables397

LeewardRenewableEnergy380

NorthrenewEnergy|TaaleriEnergia

Ltd

AmshoreRenewableEnergy|Duke

EnergySustainableSolutions

AVANGRID201

Others(<200MW)375

AmshoreRenewableEnergy|

DukeEnergySustainable

AVANGRID2%

Solutions

2%

NorthrenewEnergy|Taaleri

EnergiaLtd.

4%

LeewardRenewableEnergy

4%

EDFRenewables

5%

ApexCleanEnergyInc.

5%

Others(<200MW)4%

NextEraEnergy

Resources

31%

ØrstedWindPowerNorth

America

6%

EnelGreenPowerNorth

America

7%

ENGIENorthAmerica

7%

Source:ACP

Invenergy

15%

RWERenewablesAmericas,

LLC

8%

©2023GreenbergTraurig,LLP

27

UtilityScaleSolarDeveloperMarketShare

YearEnd2022–

12,589MW

NextEraEnergy Resources

6%

9%

Others(<250MW)39%

DukeEnergy6%

Terra-GenLLC5%

FloridaPower

&Light

4%

Invenergy4%

Ørsted3%

PineGateRenewables3%

RecurrentEnergy3%

CopenhagenInfrastructurePartnersENGIENorthAmerica

NationalGrid

2%

Avantus

2%

EDFRenewables

3%

LightSourceSavion,LLC

3%3%

3%

3%

IntersectPower

Developer

MW

IntersectPower1,114

NextEraEnergyResources812

DukeEnergy697

Terra-GenLLC578

FloridaPower&Light522

Invenergy500

Ørsted430

PineGateRenewables400

RecurrentEnergy400

ENGIENorthAmerica351

CopenhagenInfrastructurePartners350

Savion,LLC350

LightSource340

EDFRenewables316

Avantus300

NationalGrid279

Others(<250MW)

4,878

©2023GreenbergTraurig,LLP

28

Compareto2003–1,687WindMWs

Installed

Other

Developers/Owners,23%

NextEra(FPLEnergy),

48%

Avangrid(PPM),9%

Shell,10%

Shell&Avangrid,10%

©2023GreenbergTraurig,LLP

29

TopWindDevelopersfortheLast5Years:

2018–2022

NextEraEnergyResources

19%

Others(<1,000MW)26%

ClearwayEnergy

2%

Invenergy12%

MidAmericanEnergy

2%

Ørsted

3%

ApexCleanEnergy7%

AVANGRID

3%

ENGIENorthAmerica

5%

Developer

MW

NextEraEnergyResources10,527

Invenergy

6,547

ApexCleanEnergy

4,138

ENGIENorthAmerica

2,915

EDPRenewablesNorthAmerica2,355

EDFRenewables

2,292

EnelGreenPower

2,040

TradewindEnergy

1,782

RWERenewables

1,769

PatternEnergy

1,734

AVANGRID

1,543

ØrstedWindPowerNorthAmericaLLC1,509

MidAmericanEnergy

1,261

ClearwayEnergy

1,083

Others(<1,000MW)14,791

RWERenewables

3%

TradewindEnergy

3%

PatternEnergy3%

EDFRenewables

4%

EnelGreenPower

Source:ACP

EDPRenewablesNorth

America

4%

4%

©2023GreenbergTraurig,LLP

30

TopSolarDevelopersfortheLast5Years:

2018–2022

NextEraEnergy

Resources

5%

FirstSolarIntersectPowerEDFRenewables

Developer

MW

NextEraEnergyResources2,347

FirstSolar

1,692

IntersectPower1,414

EDFRenewables

1,377

DukeEnergy

1,207

LightSource

1,202

Avantus

1,142

Invenergy

1,094

FPL

1,043

ENGIENorthAmerica916

RecurrentEnergy863

D.E.ShawRenewablesInvestments856

Orsted850

Terra-GenLLC723

LongroadEnergy679

Others(<650MW)

29,430

4%3%3%

DukeEnergy

3%

LightSource

3%

Avantus

2%

Invenergy

2%

Others(<650MW)63%

FloridaLight&Power

2%

ENGIENorthAmerica

2%

RecurrentEnergy

2%

D.E.ShawRenewables

Investments

2%

Orsted

LongroadEnergyTerra-GenLLC

2%

1%2%

Source:ACP

©2023GreenbergTraurig,LLP

31

TopU.S.WindOwners:

NetOwnershipYearEnd2022

Source:ACP

EDPRenewablesNorth

America

4%

Owner

MW

NextEraEnergy

22,897

AVANGRID

8,289

Others(<2,000MW)44%

NextEraEnergy

16%

AVANGRID6%

MidAmericanEnergy5%

EnelGreenPower NorthAmerica

4%

RWERenewables

Americas,LLC4%

MidAmericanEnergy

7,396

EDPRenewablesNorthAmerica

5,556

EnelGreenPowerNorthAmerica

5,256

RWERenewablesAmericas,LLC

5,243

ØrstedWindPowerNorthAmericaLLC

3,043

ENGIENorthAmerica

2,915

ClearwayEnergyGroup

2,905

EDFRenewables

2,674

Ørsted2%

PacificCorp

2,409

SouthernPower

2,398

AEPRenewables

1%

ENGIENorthAmerica2%

ClearwayEnergyGroup

Invenergy

2,339

BHERenewables

2,308

PatternEnergyGroup

2,265

BHERenewablesInvenergySouthernPowerPacificCorp

2%2%2%2%

PatternEnergyGroup

2%

2%

EDFRenewables

2%

AEPRenewables

2,126

Others(<2,000MW)

63,952

©2023GreenbergTraurig,LLP

32

TopU.S.UtilityScaleSolarOwners:

NetOwnershipYearEnd2022

FloridaPower&Light

5%

DukeEnergy

4%

NextEraEnergyResources

6%

ConsolidatedEdison4%

GlobalAtlanticFinancial

Group

3%

sPower3%

DominionEnergy2%

Others(<1,100MW)55%

CapitalDynamics2%

BHERenewables2%

D.E.ShawRenewable

Investments

2%

ClearwayEnergyGroup2%

SiliconRanchCorporation2%

HPSInvestment

2%

Lightsource2%

Orsted2%

SBEnergy2%

Source:ACP

ENGIENorthAmerica2%

Owner

MW

NextEraEnergyResources

4,774

FloridaPower&Light

3,391

DukeEnergy

2,900

ConsolidatedEdison

2,733

GlobalAtlanticFinancialGroup

2,081

sPower

1,985

DominionEnergy

1,779

CapitalDynamics

1,751

BHERenewables

1,724

D.E.ShawRenewableInvestments

1,599

ClearwayEnergyGroup

1,395

SiliconRanchCorporation

1,338

ENGIENorthAmerica

1,228

HPSInvestment

1,228

SBEnergy

1,190

Lightsource

1,182

Orsted

1,149

Others(<1,100MW)

41,283

©2023GreenbergTraurig,LLP

33

EnergyStorageOwners(End

of2022)

LuminantEnergy

Owner

MW

JupiterPowerLLC400

NextEraEnergyResources394

Terra-GenLLC351

RecurrentEnergy350

LSPower325

LuminantEnergy260

AESCleanEnergy231

CALPERS230

PacificGas&Electric183

AIPManagement160

KeyCaptureEnergy,LLC150

GoldmanSachs&Co.140

NationalGrid135

SouthernCaliforniaEdison112

Others(<100MW)713

SouthernCaliforniaEdison

3%

NationalGrid

3%

GoldmanSachs&Co.

3%

KeyCaptureEnergy,

LLC

4%

AIPManagement

4%

PacificGas&Electric

4%

Source:ACP

Others(<100MW)17%

CALPERS

6%

AESCleanEnergy6%

JupiterPowerLLC

10%

NextEraEnergyResources

10%

Terra-GenLLC

8%

RecurrentEnergy8%

LSPower

8%

6%

©2023GreenbergTraurig,LLP

34

AnnualU.S.PPAAnnouncements

Source:ACP

©2023GreenbergTraurig,LLP

35

OfftakeArrangements

2022CleanEnergyCapacityOfftakeStatus

2%

11%

28%

59%

UtilityPPA

CorporatePPA

UndisclosedPurchaser

OtherNon-UtilityPPA

2022CleanEnergyPurchaseAgreementAnnouncements

Source:ACP

©2023GreenbergTraurig,LLP

36

CleanEnergyBuyers2016-2022

Source:CleanEnergyBuyersAssociation(CEBA)

©2023GreenbergTraurig,LLP

37

2022Wind&SolarPPAs:CorporateOfftakers

Source:CEBA

©2023GreenbergTraurig,LLP

38

QuarterlyPPAPriceIndices

byISO

Wind

Solar

Source:LevelTenEnergy

©2023GreenbergTraurig,LLP

39

MarketShareofWindTurbine

Manufacturers:InstalledCapacity2022

ManufacturerMW

GERenewableEnergy4,912

Vestas

2,048

NordexUSA854

SiemensGamesa694

TOTAL:

8,612

Siemens

Gamesa

8%

GERenewable

Vestas

24%

NordexUSA

10%

Energy

58%

Source:ACP

©2023GreenbergTraurig,LLP

40

TurbineSupplierMarketShare

2010-2022

100.0%90.0%80.0%70.0%60.0%50.0%40.0%30.0%20.0%10.0%0.0%

Source:ACP

2010201120122013201420152016201720182019202020212022

GE

Vestas

Siemens-

Gamesa

Siemens

Gamesa

Nordex/Acciona

©2023GreenbergTraurig,LLP

41

TaxEquityMarket($B)

18

18

13

12

12

10.8

10

10

10

9.5

7.2

5

4

4

TotalWindandUtilitySolarTaxEquity

25

WindTaxEquity

20

19.5

UtilitySolarTaxEquity

15

8.5

8

6

4.5

6

0

2017

2018

2019

2020

2021

2022

©2023GreenbergTraurig,LLP

42

Costof15-YearDebtandTaxEquityforUtility-

ScaleWindProjectsOverTime

Source:IntercontinentalExchangeBenchmarkAdministration,BNEF,NortonRoseFulbright

©2023GreenbergTraurig,LLP

43

2022AnnouncedProjectFinanceDebtRenewables

LeagueTable–Top10Lenders

Lenders

Amount(US$M)

MUFG

1,430

KeyBank

866

SumitomoMitsuiBankingCorporation(SMBC)

844

NordLB

530

USDeptofEnergy

504

BankofAmerica

446

CoBank

433

Siemens

426

SocieteGenerale

342

Santander

326

TOTAL:$16,270

Source:IJGlobal

©2023GreenbergTraurig,LLP

44

BySponsor(>$100million)

2022AnnouncedProjectFinanceDebt

Sponsors

ProjectName(MW)

LeadBanks

Value

(USDm)

QuinbrookLowCarbonPowerFund

GeminiSolarPVPlant&

BatteryStorageFacility

LeadArrangers:KeyBancCapitalMarkets;MUFG;BankofAmerica;NordLB

OtherBanks:AmalgamatedInvestmentBank;AssociatedBank;BankofChina;BankofMontreal;BNPParibasFortis;CadenceBank;ComericaBank;Commerzbank;CreditAgricoleGroup;DnBNORBank;FifthThirdBank;HuntingtonNationalBank;MetLife;NationalAustraliaBank;NationalBankofCanada;PNCBank;RegionsBank;SiliconValleyBank;SocieteGenerale;TruistBank;VoyaFinancial

1,300

Terra-GenPower

EdwardsSanbornSolarPVPlant

LeadArrangers:BNPParibas;CoBank;INGBank;Nomura

OtherBanks:AozoraBank;Rabobank;USBank

959

LongroadEnergy

SunStreams3SolarPV

Plant

LeadArrangers:KeyBancCapitalMarkets;CanadianImperialBankofCommerce

OtherBanks:AustraliaandNewZealandBankingGroup;Commerzbank;PNCBank;SiliconValleyBank

679

ArevonEnergy

Management

ElandISolarPVPlant

LeadArrangers:KeyBancCapitalMarkets;CanadianImperialBankofCommerce;WellsFargo;CoBank;CreditAgricoleGroup;ZionsBancorporation

605

HaddingtonVentures;MagnumDevelopment;MitsubishiPower

TheAdvancedCleanEnergyStorageHydrogenHub

UnitedStatesDepartmentofEnergy

504

IntersectPower

OberonISolarPVPlant

LeadArrangers:KeyBancCapitalMarkets;MUFGBank;Santander;BankofAmericaSecurities;CoBank;Helaba;NordLB;ZionsBancorporation

485

Source:IJGlobal

©2023GreenbergTraurig,LLP

45

BySponsor(>$100million)

2022AnnouncedProjectFinanceDebt

Sponsors

ProjectName(MW)

LeadBanks

Value

(USDm)

JERA

ElSauzWindFarm

SumitomoMitsuiBankingCorporation;MizuhoBank;MUFGBank;KeyBancCapitalMarkets

460

ClearwayEnergy

Daggett2SolarPVPlant

Natixis;NordLB;SocieteGenerale;SumitomoMitsuiBankingCorporation

447

GlobalEnergyGeneration(GEG)

MammothISolarPVPlant

BancoSabadell;BankofAmericaSecurities;BayernLB;ComericaBank;DeutscheBank;IntesaSanpaolo;MetLife;NationalBankof

Canada

392

PineGateRenewables

PorterSolarPVPlant

MUFGBank;SiemensFinancialServices;SumitomoMitsuiBankingCorporation

358

ApexCleanEnergy

GreatPathfinderWindFarm

BankofAmericaSecurities;SantanderBank;SumitomoMitsuiBankingCorporation

348

IntersectPower

LuminaISolarPVPlant

BankofAmerica;CoBank;Helaba;KeyBancCapitalMarkets;MUFG

Bank;NordLB;Santander

302

IntersectPower

LuminaIISolarPVPlant

BankofAmerica;CoBank;Helaba;KeyBancCapitalMarkets;MUFG

Bank;NordLB;Santander

291

GreenbackerCapital;rPlusEnergies

AppaloosaSolarPVPlant

KeyBancCapitalMarkets;JPMorgan

267

OmegaEnergia

GoodnightWindFarmPhaseI

MUFGBank;Rabobank;SumitomoMitsuiBankingCorporation

237

Source:IJGlobal

©2023GreenbergTraurig,LLP

46

BySponsor(>$100million)

2022AnnouncedProjectFinanceDebt

Sponsors

ProjectName(MW)

LeadBanks

Value

(USDm)

FengateAsset

Management

PrairieSwitchWindFarm

MUFGBank

215

LongroadEnergy

ThreeCornersSolarPVPlant

KeyBancCapitalMarkets;USBank

194

DESRI

BartonsvilleSolarPVPlant

DnBNORBank;NationalBankofCanada;SocieteGenerale

169

AlgonquinPowerIncomeFund

SandyRidgeWindFarm2

BankofMontreal;CanadianImperialBankofCommerce;SumitomoMitsuiBankingCorporation

162

Terra-GenPower

SagebrushEnergyStorage

CoBank;INGBank;MUFGBank

148

CommunityEnergy

GreatCoveSolarPVPlant

Citigroup;HSBC;NationalBankofCanada

135

MatrixRenewables

GaskellWest2&3SolarPortfolio&

BESS

CommonwealthBankofAustralia;HSBC;MUFGBank;NationalBankofCanada

129

PineGateRenewables

BulldogSolarPVPlant

BancoSabadell;MUFGBank;ZionsBancorporation

125

ExcelsiorEnergy

SkyhawkSolarPVPlant

NordLB;SumitomoMitsuiBankingCorporation

124

InnergexRenewable

Energy

WaimeaSolarPVPlant

MUFGBank

122

PineGateRenewables

GunsightSolarPVPlant

MUFGBank;Siemens;SumitomoMitsuiBankingCorporation

120

Source:IJGlobal

©2023GreenbergTraurig,LLP

47

2022AnnouncedProjectFinanceDebt

BySponsor

Sponsors

ProjectName(MW)

LeadBanks

Value

(USDm)

PineGateRenewables

PhobosSolarPV

MUFGBank;Siemens;SumitomoMitsuiBankingCorporation

120

Clenera

ApexSolarPVPlant

BankofAmericaSecurities;NordLB

117

PineGateRenewables

CabinCreekSolarPVPlant

MUFGBank;Siemens;SumitomoMitsuiBankingCorporation

117

KEPCO

ConchoValleySolarPVPlant

NordLB;Rabobank

114

PineGateRenewables

AlloraSolarPVPlant

MUFGBank;Siemens;SumitomoMitsuiBankingCorporation

107

RevityEnergy

RobinHollowSolarPVPlant

Blackstone

105

AESCorporation

LancasterBatteryStorage

CreditAgricole;ExportDevelopmentBankofCanada;KeyBancCapitalMarkets;SiliconValleyBank

104

Source:IJGlobal

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