US developer energyRe has secured US$240 million for the 108MW/198MWh solar-plus-storage project, Lone Star Solar. The project qualifies for Investment Tax Credits (ITC) under the Inflation Reduction Act, and energyRE has signed a ten-year power purchase agreement with Dominion Energy South Carolina for power produced at Lone Star. Belgian-based chemical company Syensqo will purchase all of the Renewable Energy Certificates generated by LoneStar Solar, offseting 35% of the company’s US emissions from electricity purchases. In December 2023, energyRe will receive US$1.2 billion in financing for its US project pipeline and transmission projects.

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







