Birch Creek Energy, a St. Louis-based renewable energy company, has announced the completion of financing and full operation of its 42MW Altona Solar project in Missouri. This marks the company’s second project coming online this year, demonstrating its commitment to expanding its independent power producer (IPP) strategy. The project was financed by Celtic Bank and West Town Bank & Trust, highlighting the growing support for renewable energy infrastructure in the region.
The global solar central inverters market is projected to experience significant growth from 2024 to 2028, driven by increasing investments in renewable energy and rising demand for clean energy technologies. Key factors contributing to this growth include the need for reliable and continuous power supply, the transition towards renewable energy sources to reduce carbon emissions, and the increasing adoption of solar power in various applications, particularly in utility-scale projects.
