NorthStar Clean Energy Secures $334 Million Financing for 250MW Solar PV Project in Michigan

Published: Mar 21, 2025 16:59

Save

U.S. energy company NorthStar Clean Energy has secured financing for construction-to-term to support the development of a 250MW solar PV project in Michigan. The financing secured, which amounts to $334 million, will be used to develop the 200MW Branch Solar project in Branch County, Michigan, and the 50MW Genesee Solar project in Genesee County.

Michigan is not among the leading states in solar deployment. According to the Solar Energy Industries Association (SEIA), by the end of 2024, Michigan ranked 26th among all 50 U.S. states, with a cumulative installed solar capacity of just over 1.8GW. Utility-scale solar projects account for the majority of the state's annual capacity additions. NorthStar Clean Energy’s development represents a significant milestone for Michigan’s solar sector, with its 250MW capacity accounting for more than half of the state’s total solar additions in 2024, which was approximately 450MW.

Additionally, Michigan is taking further steps to expand its solar power capacity. In October last year, DTE Energy commissioned a 150MW solar plant in the state and has received approval from the Michigan Public Service Commission to develop 6.5GW of solar capacity by 2042.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

13 hours ago

Large-Scale PV Project in Laos Completed Registration in the Yunnan Power Market

The project is located in Oudomxay Province in northern Laos and was invested in and constructed by China General Nuclear Power Group. It was Laos’s first large-scale PV project. The project was officially commissioned at the end of 2025 and is expected to generate about 1.7 billion kWh of electricity annually on average. As an important supporting power supply for the China-Laos 500-kV transmission line for power interconnection, the clean electricity generated by the project will be transmitted to Yunnan through the China-Laos 500-kV interconnection project, supporting Yunnan’s energy transition and power supply security.

13 hours ago

[SMM PV News] Slovakia Adds 243 MW of Solar in 2025

Slovakia installed 243 MW of solar in 2025, pushing its cumulative capacity to 1,357 MW. The additions were driven primarily by the residential sector (124 MW) and the 'C&I' market (102 MW), heavily supported by the 'green for households' scheme and the Resilience and Recovery ('RRF') facility. The Slovak Association of the Photovoltaic Industry ('SAPI') forecasts between 250 MW and 300 MW of new capacity in 2026, fueled by new 'green for businesses' funding and utility-scale projects racing to meet the June 2026 'RRF' subsidy deadline.

13 hours ago

[SMM PV News] GCL Secures 1.2 MW Commercial Perovskite Tandem Module Order from Huaneng

GCL Optoelectronics has won a 1.2 MW procurement project from China Huaneng Group for commercial-grade perovskite/silicon 'HJT' tandem modules. Slated for delivery by June 2026, the tender strictly demands mass-producible modules with over 26% efficiency and full 'IEC' certification. Marking a major industry milestone, Huaneng noted this is the first public commercial perovskite tandem procurement among China's top five state-owned power generators.

13 hours ago