Sol Systems

Digest (May 2014)

GE Energy Consulting and the New York Power Authority agree to a license arrangement allowing NYPA to use GE’s MAPS software to perform high-fidelity nodal analysis; NRG acquires Roof Diagnostics Solar, a residential solar company; GE unveils 2.75-120 wind turbine; AEP awards Babcock & Wilcox a contract to provide steam generator services.

SunEdison, Nationwide Mutual, Sol Systems and National Bank of Arizona Announce Financing for 13.4 MW Solar Electricity Portfolio

SunEdison, along with Nationwide Mutual Insurance Company, National Bank of Arizona (NBAZ), and Sol Systems announced a $50 million fund to build a 13.4 MW solar portfolio for the State of California prison and hospital systems. Sol Systems advised Nationwide Mutual Insurance on the acquisition of the equity in the transaction. SunEdison secured long-term debt for the projects from the National Bank of Arizona (NBAZ).