Acquisitions

Mercom Capital Group says that total corporate solar funding, global venture capital funding, public market financing, and PV mergers and acquisitions all fell year on year in the first quarter of 2024. The sector is still grappling with high interest rates, which Wood Mackenzie says is disproportionately affecting renewables projects.

FTI Consulting said incentives in the Inflation Reduction Act could cause a “seismic shift” on the U.S. economy as a whole over the next 12 to 24 months.

Construction of the 14 projects in the portfolio is expected to begin this year.

Mercom Capital reported the U.S. invested $9.2 billion of venture capital in energy storage in 2023.

The company purchased distributed solar and storage projects across the United States, including in New York and California.

The company offers financing for small to medium-sized businesses investing in solar.

The community solar specialist expands its footprint into the Midwest with the acquisition of this 75.6 MW portfolio.  

The 9.9 MW commercial solar project acquired from EDF Renewables North America expands the Standard Solar portfolio to 23 states.

Once the acquisition is complete, Sunbug will operate under the ReVision brand, serving New England customers with all electric technology including solar, heat pumps, EV chargers, heat pump water heaters and battery storage.

Majority holder Flex plans to spin off its remaining interests in Nextracker. Plus, the company raised its earnings guidance for 2024.