The 4.1 MW array, developed by Next2Sun, was constricted with roughly 11,000 bifacial panels, provided by Chinese manufacturer Jolywood.
Dean Solon, CEO of Shoals: “A lot of people thought that the 100 MW fields were all dead, but those suckers are coming back with a vengeance.”
Dean Solon of Shoals Technologies Group: “The short version is that it’s been a damned good year.” An interview with Shoals covers the growth of large solar projects in the U.S., high AC/DC ratios and the real costs of using cheap components.
John Tough of Energize Ventures shares an investor’s view of the biggest solar IPO of 2020. It’s the first and largest solar tracking company available to U.S. public markets.
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.
Profitable solar tracker company Array Technologies is going public the old-fashioned way and eschewing the SPAC method being employed by other renewable companies such as QuantumScape and ChargePoint. Did we mention the company was profitable?
Also in the brief: Macquarie Group and Siemens AG are forming Calibrant Energy, a venture that will invest in the energy-as-a-service sector in the U.S.
Also in the brief: David Crane’s SPAC closes its IPO this morning at $230 million, Romeo Systems, a maker of lithium-ion battery packs for EVs is going public via SPAC, FERC OKs CAISO EV charging, storage updates
The Spanish solar tracker builder is hoping to debut on the stock markets of Madrid, Barcelona, Bilbao and Valencia this year. American solar tracker company Array Technologies has also filed to go public.
Researchers in the UK have analyzed 25 years of electricity-production and carbon emissions data from 123 countries. Their findings show renewables are considerably more effective than nuclear in reducing carbon emissions from energy generation and that the two technologies tend to get in each other’s way when considered in a joint approach.
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