trending Market Intelligence /marketintelligence/en/news-insights/trending/W3A4NjXVr3syfsVQDpS4GQ2 content esgSubNav
In This List

RBC affiliate to make equity investment in Md. solar project

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: Inflation eases; bank M&A slows; top companies boost market share

Blog

Activity Volumes Across the Equity Capital Markets Dropped Significantly in 2022


RBC affiliate to make equity investment in Md. solar project

An affiliate of Royal Bank of Canada is seeking the Federal Energy Regulatory Commission approval to acquire 100% class A tax equity stake in a 75-MW under-construction solar project in Maryland.

Under the transaction, RBC Tax Credit VI LLC will acquire the class A stake from Algonquin Power & Utilities Corp. affiliate Great Bay Solar I Holdings LLC for an undisclosed sum.

The Somerset County-based project will sell power to the U.S. General Services Administration under long-term power purchase agreement, according to an Aug. 3 FERC filing.

The commission has been requested to approve the transaction by Sept. 5. (FERC docket EC17-148)