The shareholders have filed a lawsuit alleging that Esdec concocted a plan to defraud them and has been avoiding buyout payments.
Despite a slow start and a downturn in venture capital and private equity funding, total funding saw a significant rise, including the largest amount of projects acquired in a single year to date and the largest amount of securitization financing ever in a year.
Also on the rise: More BESS is coming to ERCOT, Peck Company acquires iSun Energy, Enphase and Sunnova expand their business ties, and a New York community solar project gets a new owner.
The fast-food Giant has signed three new virtual power purchase agreements for two wind farms and a solar project totaling 750 MW, building on last year’s addition of 380 MW of renewables.
The projects will each be among the largest installations in their respective states and advance Cubico’s expansion into the American solar market.
Also in the brief: how the Clean Energy Equity Act can help NJ rebuild better, Dominion signs a power contract for a 75 MW project in Virginia and more.
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.
The Norwegian hydropower business wants to pay $152 milllion for the London-based clean energy developer which claims to have brought to life 1.2 GWp of project capacity in seven countries since 2013.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.