Tigo Energy raises $50 million from L1 Energy
Tigo’s new capital is from L1 Energy, an investment fund of LetterOne (L1), which manages $6 billion in energy investments worldwide.
2022 saw a drop in solar funding, strong rise in acquisitions
Mercom reports that it was the second highest year for solar mergers and acquisitions, with an estimated 66 GW of solar projects sold to new buyers in 2022.
Nautilus acquires 54 MW New York community solar portfolio
The transaction represents the largest pre-operational portfolio Nautilus has made to date.
Sunrise brief: Testing prairie and pollinator agrivoltaics at a former nuclear power site
Also on the rise: DOE announces $750 million in funding to advance clean hydrogen technologies. Tigo Energy acquires predictive data analytics company FSIGHT. And more.
Tigo Energy acquires predictive data analytics company FSIGHT
FSIGHT brings AI-driven analytics and prediction capabilities to Tigo, helping the company monetize smart meter data.
Brookfield Renewable company acquires 21.6 MW community solar portfolio in Maine
The three projects are expected to generate 27,600 MWh of low-carbon energy annually, enough to power 8,400 homes in Maine.
Genie Energy to proceed with two New York community solar projects for 2023 construction
The retail energy provider recently acquired rights to develop seven community solar projects with 34 MW of total capacity in New York and 30 MW of total capacity in Pennsylvania, which it is advancing through permitting.
Renewable Properties acquires 40 MW community solar portfolio in Maine
This latest acquisition from NextGrid brings Renewable Properties’ Maine portfolio to over 42 MW now in various stages of operation, construction, and development.
Longroad Energy acquires 98 MW Titan Solar Project from Sunpin
With the acquisition of the Titan Solar Project, Longroad enters the CAISO market and expands its California holdings to 340 MW.
ReneSola posts 86% increased Q3 revenue, reflecting near-term addition of European IPP assets
Despite higher earnings in Q3, the company lowered its Q4 22 guidance to $44 million to $49 million, compared to the consensus of $73 million, reflecting recent acquisitions of European assets taken on its balance sheet.
