This week on Projects Weekly, Sol Systems has made its second purchase of 2026, acquiring the Lumberton Solar Project in eastern Texas. Canadian solar firm PowerBank has reacquired a portfolio of two New York projects worth about $32.5 million, and Aspen Power has announced a tax capital commitment with two partners for its 30-project community solar portfolio. In New York, Northern Sun Energy has broken ground on two projects for Seaboard Solar and in California, the County of Ventura has teamed up with ForeFront Power for one of the largest solar canopies in the Golden State. North of the border, Luxembourgian energy firm Westbridge has entered into a sale agreement for its Alberta-based Red Willow Solar. Finally, in the Caribbean, Infinigen has closed a tax equity investment for its Yabucoa Solar Park in Puerto Rico. Keep reading for all the details!

PowerBank buys back New York portfolio worth $32.5 million in construction value

Canadian energy development firm PowerBank Corp. has executed repurchase agreements for the Gainesville and Highway 28 solar projects through its U.S.-based subsidiary Abundant Solar Power Inc.
Located in New York, the two projects represent about 13.9 MW of solar energy and a construction value of about $32.5 million. Additionally, the projects account for $13 million in expected U.S. federal tax credits.
“We are excited to be growing our independent power producer portfolio by reacquiring two distributed solar projects in New York State,” says PowerBank CEO Dr. Richard Lu. “These are projects we originated, developed and secured interconnection for, so we understand them thoroughly, and we know what it takes to bring them to commercial operation.
“The acquisition of these projects supports our continued shift toward asset ownership, which builds recurring revenue. As Highway 28 is in advanced stages of development, we are looking forward to full onsite mobilization in the coming months.”
Bright spot: Once complete, PowerBank will operate both projects as community solar sites. After turning the panels on, the company will send their solar energy to the local power grid, allowing potential hundreds of renters and homeowners to save money on their electricity bills each month.
Representatives from PowerBank expect the Highway 28 and Gainesville projects to reach construction-ready status by Q3 2026 and during 2027, respectively.

Aspen Power and partners raise capital with 30-project community solar portfolio

Aspen Power, Basis Climate, and Excelsior Energy Capital have announced a tax capital commitment covering Investment Tax Credits generated by Aspen’s 2026-2027 community solar portfolio.
Stretching across 30 projects in multiple different states, the portfolio aims to provide residential and commercial customers with affordable and reliable power, the company says. Aspen both owns and operates the projects, holding the assets throughout their lifespans and making predictable tax credit monetization “central to how the company funds construction.”
“With over 300 MW of operating assets across 10 states and a robust development pipeline, Aspen is well positioned to serve the growing power needs of our customers. Tax credit monetization timing and certainty are important components of Aspen’s financial planning. Just as speed to power is important, so is the ability to convert tax credits to cash in an efficient manner,” says Michael Sheehan, CEO of Aspen Power. “Basis and Excelsior underwrote 30 projects on one timeline through a single process, which is the commercial discipline we look for in a capital partner.”
Bright spot: The transaction is the first under the Basis Climate-Excelsior partnership, which has a financial target of $150 million in annual solar and storage investment. Aspen currently owns, operates, or is actively building nearly 400 MW of solar and storage assets as of August 2026.
“Closing this first transaction validates the model we’ve built with Excelsior—speed, certainty, and value for developers,” says Erik Underwood, co-founder of Basis Climate. “Aspen brought a 30-project portfolio to our platform, and we were able to underwrite it quickly, match it with a qualified buyer, and close with integrated insurance—all through a single process. That’s exactly the kind of frictionless execution that leading distributed generation platforms like Aspen need to finance their businesses at scale.”

Sol Systems acquires Lumberton Solar Project

Renewable energy developer and independent power producer Sol Systems has acquired DESRI’s Lumberton Solar Project, a 200 MWac site in Hardin County, Texas, the firm announced Aug. 21.
The deal is Sol Systems’ second project acquisition this year, the firm says, and “reflects the company’s disciplined approach to growing its IPP platform.” DESRI advanced the project through its development, permitting, and commercialization, leaving Sol Systems to manage the project throughout its construction and operational lifespan.
“Lumberton is exactly the kind of high-quality project that strengthens our portfolio and advances Sol Systems’ strategy of pairing disciplined growth with long-term community value,” says Andrew Grin, senior VP of M&A and strategic partnerships at Sol Systems. “DESRI advanced a high-quality project in an important power market, and we are pleased to build on that work as we move Lumberton toward construction and long-term operation.”
Bright spot: Officials expect the project to deliver economic benefits to Hardin County throughout its lifespan. Sol Systems representatives add that the project’s construction employment, long-term tax revenue, and local investment will financially bolster the surrounding community.
Hy Martin, DESRI’s chief development officer, says the project reflects DESRI’s company-wide commitment to “developing high-quality clean power assets that deliver value for local communities, energy customers, and project stakeholders.”
“After many years in development, our team is pleased to complete this transaction with Sol Systems, a respected industry partner,” he says, “and look forward to seeing the project advance toward construction and operation while supporting economic growth and clean energy generation in Hardin County, Texas.”

Westbridge sells Red Willow Solar project in Canada

Luxembourg-based Westbridge Renewable Energy S.A. has announced a definitive agreement for the sale of its Red Willow Solar Project, located in Alberta, Canada.
As an advanced-stage, utility scale solar and storage project, Red Willow comprises a 225 MWac solar plant and a proposed 100 MW battery system. Nestled in central Alberta’s Stettler County No. 6, the project’s solar and storage systems have received power plant and substation approvals from the Alberta Utilities Commission (AUC). Additionally, the project already holds an interconnection position in the Alberta Electric System Operator (AESO) process.
Westbridge expects the total receivables of the project’s sale to be about $26.7 million Canadian, or $19.2 million in U.S. dollars.
Bright spot: The project is one of many in Westbridge’s Albertan project portfolio, the company says. The company has more than 1 GW of solar and battery projects in its ranks, making up about 8% of the province’s current system peak as of August 2026.
“The sale of Red Willow represents another important validation of Westbridge’s development and monetization strategy,” says Westbridge CEO Stefano Romanin. “Since establishing our Alberta platform, we have focused on siting projects in favorable locations with strong renewable resources, transmission access and long-term strategic value.
“Red Willow is an excellent example of that approach, and this transaction demonstrates continued demand for well-positioned renewable energy and energy storage assets. We remain focused on creating value by developing high-quality projects across our international portfolio.”

Northern Sun Energy installs 23 MW project for Seaboard Solar

Solar and storage EPC company Northern Sun Energy has broken ground on two new projects for developer Seaboard Solar in upstate New York.
Located in Waterford and Boonville, the two projects are supported by grants from the New York State Energy Research and Development Authority (NYSERDA), according to officials. The two sites total 23 MWdc, and add to Northern Sun’s portfolio of utility-scale solar and battery storage assets.
“Northern Sun Team members have built projects for us since 2017, and their approach to these sites shows why that relationship has lasted,” says Shawn Brazo, president of Seaboard Solar. “Neither site was straightforward, and the Northern Sun team brings deep experience and creative problem-solving to difficult terrains and extreme climates.”
Bright spot: The two projects each presented a series of logistical challenges for the Northern Sun team, officials say. The company says the Waterford site was only accessible via a bridge with a 20-ton weight restriction. Perhaps more pressing, the Boonville site posed a challenge through its updated snow load requirements for the site, which rank among the highest in the U.S.
“These two sites tested us in different ways,” says Chris Balogh, cofounder and VP of Northern Sun Energy. “Waterford’s bridge restrictions meant rethinking how we would get equipment onsite, and Boonville’s heavy snow load pushed our structural engineers to ensure that the system would remain productive and reliable throughout severe upstate New York winters.”

County of Ventura and ForeFront Power complete canopy project in California

The County of Ventura and ForeFront Power have partnered for a solar and storage expansion project at the Ventura County Government Center.
The 7.7 MW project includes a 5.8 MW solar canopy, as well as a 1.9 MW battery storage component over the building’s parking lot, officials say. Officials estimate that the project will save Ventura County more than $21 million in electricity costs over its lifespan.
“Every dollar we can save on operating costs helps us make the most of taxpayer funds,” says Thomas Hunt, director of the County of Ventura’s General Services Agency. “This project is a great example of making a smart, long-term investment that lowers our energy costs, gives us more predictable expenses, and provides lasting value to our residents.”
Bright spot: The massive canopy makes this one of the largest project of its kind in the state of California, representatives say, with the new system expected to generate nearly 9 GWh of renewable energy every year. The project will provide enough power to offset over half of the facility’s total energy consumption, or the electricity usage of more than 1,500 homes in the region.
Once complete, the system will offset about 5,000 tons of carbon emissions every year, equivalent to taking 1,060 gas-powered vehicles off the road for a year.
“Public agencies shouldn’t feel stuck paying a premium for energy when they can save money and build resilience through on-site generation and storage,” says Ruben R. Fontes, CEO of ForeFront Power. “We manage the complexity of development so the County of Ventura can accelerate its transition to renewable energy without upfront cost or added administrative burden. The County gets affordable energy at a low, predictable price for 20 years, while we shoulder the risk of getting it built and keeping it running.”

Infinigen closes tax equity investment for Puerto Rican project

Puerto Rican independent power producer Infinigen has announced the closing of $33 million in tax equity investments courtesy of Foss & Co. for its solar project in Yabucoa.
Complete with an additional $26 million commitment toward a future battery storage project near Yabucoa, the financing advances construction of the 42.6 MWdc Yabucoa Solar Park. The project will join Infinigen’s Horizon Solar Park and Oriana Solar Park, both already in operation, to supply 115 MWdc of solar energy to the island.
Infinigen CEO Leslie Hufstetler says the project’s funding “represents an important milestone for Infinigen and, most importantly, for Puerto Rico’s energy future.”
“By bringing together experienced partners and long-term investment capital, we are accelerating the deployment of critical renewable energy infrastructure that will help strengthen the island’s electric system,” he says. “Projects like Yabucoa demonstrate that Puerto Rico can attract sophisticated institutional investment while advancing a more reliable, resilient, and affordable energy future.”
Bright spot: The project’s added battery storage is exactly the kind of renewable energy Puerto Rico’s energy grid needs right now, officials say. Bryen Alperin, partner and managing director at Foss & Co., says the dispatchable energy storage ready to go at a moment’s notice will greatly help islandic territories like Puerto Rico and Guam withstand grid outage events.
“Infinigen understands the island’s energy challenges better than most, and these projects are a direct response to them,” he continues. “Between Puerto Rico, Guam and Hawaii, we’ve built deep expertise financing island energy infrastructure. This is the kind of deal that reflects what Foss & Company looks for: strong sponsors, real community impact, and continued momentum in a relationship we value.”

Tags: Canada, commercial, Community Solar, project, Projects Weekly, utility-scale


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