Greenbacker Renewable Energy Company has secured nearly $1 billion in financing to support the acquisition and construction of the largest solar project in New York State. Partnering with Hecate Energy, Greenbacker has commenced construction on the 674 MWdc solar farm, known as the Cider project, which is set to provide clean energy to approximately 120,000 homes. This financing achievement involves contributions from multiple financial institutions and underscores Greenbacker's commitment to advancing New York's clean energy goals. The project represents a significant milestone in the state’s energy transition efforts, aiming to generate affordable clean power and create green jobs.

In other market news, HD Hyundai Electric was a standout up 8.9% and closing at ₩445,000, hovering around its 52-week high. In the meantime, Vistra softened, down 28.3% to finish the session at $137.08.

Vistra's strategic focus on acquisitions and equity repurchase aims to boost shareholder returns. Explore the full narrative on Vistra's financial strategies and growth outlook.

Take a look at our Market Insights article titled "The Opportunities In The Nuclear Resurgence," where we discussed how nuclear energy is becoming a pivotal player in the energy transition due to its capacity to provide clean and reliable power amid rising global energy demands.

Best Energy Transition Stocks

• Tesla settled at $397.15 down 2.3%.
• First Solar settled at $164.31 down 2.3%.
• Applied Materials ended the day at $174.57 down 6.5%.

Taking Advantage

• Click here to access our complete index of 140 Energy Transition Stocks, which features Dian Swastatika Sentosa, ITOCHU and Engie.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Greenbacker secures nearly $1 billion financing to support acquisition and construction of largest solar project in New York State" from Greenbacker Renewable Energy Company LLC on GlobeNewswire (published 27 January 2025)

Companies discussed in this article include KOSE:A267260 NasdaqGS:TSLA NasdaqGS:FSLR NasdaqGS:AMAT and NYSE:VST.

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