BNRG breaks ground in US

BNRG Renewables has begun construction of a portfolio of 10 solar photovoltaic projects totalling 35 Megawatts (MW) in the US state of Oregon.

It represents the delivery of the first batch of US projects the company has been developing since 2016.

The projects have secured a 20-year power purchase agreement with local utility Portland General Electric. The 35MW is the equivalent of providing the electricity demand of more than 11,500 homes, and saving some 18,600 tonnes of carbon, over 30 years. Construction started in early June on the first three projects. All are expected to be completed by mid-2019. BNRG is financing the project through a $35 million facility and a longer-term sale and leaseback tax equity arrangement provided by SunTrust Bank.