BrightNight and Cordelio Power have secured funding for the 300MW Box Canyon project, which will be completed in the first half of 2025. The companies, co-members of project owner BOCA, started construction on the project in December 2023 and will utilise the funds to secure a 20-year power purchase agreement (PPA) with Arizona utility the Southwest Public Power Agency (SPAA) to sell power generated at the project. The project is part of BrightNight’s 37GW renewable portfolio. This follows several fundraising initiatives, including a US$1.2 billion deal to develop a renewables portfolio in the Philippines.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
