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Latest News

September 2023

The US Department of Energy closed on a $3 billion partial loan guarantee to Project Hestia, sponsored by Sunnova Energy Corporation. Hestia will be a virtual power plant (VPP) including approximately 568MW of solar PV generation with associated battery energy storage, located at 75,000-115,000 households across the United States, including Puerto Rico. Greengate advised DOE on this financing, which is DOE's first VPP project and first guarantee of an asset-backed securitization.