Solar racking companies are getting acquired in a consolidating market: Who’s next?
The solar racking market has quiet revenues of billions of dollars and continues to consolidate — driven by equity firms such as Esdec and Tenex. The market segment has become a small hotbed of M&A. Who’s next?
Total and Google Cloud develop tool to predict rooftop PV potential
The Solar Mapper uses artificial intelligence algorithms that compile data extracted from satellite images. It can estimate solar site potential and indicate the best technology for the site.
Morning Brief: Ameren Illinois chairman, ‘Our position on net metering credits has not changed’
Also in the brief: Nefarious deeds at the DOE — blocking yet another study favorable to renewables. The North American Energy Resilience Model joins the Seams study as a victims of agency bias.
Energy Funding: IPOs, M&A, VC and grants for flow batteries, fuel cells, PV trackers and equitable access to solar
Another busy funding week with solar IPOs on deck and venture capital investments — but no cleantech SPACs in the last few day, at least.
Project Sunlight wants to scale low-income solar nationwide — without subsidies
The end goal of the three-year project is to use market-based financing to install 20 MW of low-income community solar at multifamily affording housing, while trimming 20% off subscribers’ electricity bills.
Morning Brief: Dominion Energy issues an RFP for 80MW of new solar, Generac acquires Enbala
Also in the brief: Solar installer Sigora Solar acquired California-based Aztec Solar, first-of-a-kind utility plan could transform Southeast grid
Energy Jobs: Tesla dissolves its PR department, plus new execs at Sunrun, Amazon Climate Pledge, Generate, LS Energy and Talesun
Executive moves in solar, storage, cleantech, utilities and energy transition finance.
Safe harboring in 2020’s rough waters: three crucial considerations
As it stands today, 2021 will likely be one of the strongest markets for solar equipment manufacturers selling into the U.S. market. A perfect storm of a recovering market post-pandemic, access to cheap capital, and the impending ITC drop-off will create strong, near-term market demand, as well as intense safe harboring activities.
EnergySage reports on storage for the first time ever, Tesla dominates
In the newest edition of EnergySage’s Solar Marketplace Intel Report, data about energy storage solutions being quoted to homeowners through the platform has been included for the first time — with more than half of the quotes for Tesla’s Powerwall 2.
Off-grid solar funding concentrated in just three companies
With a previous 50-50 split between equity and debt investment funding for the off-grid market shifting to 84% debt, and commentators stating most of this year’s backing was agreed before the onset of Covid-19, fears are mounting about the prospects for the sector.
