Renewable energy merger and acquisition opportunities for 2024
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.
Standard Solar acquires 84 MW community solar portfolio in Illinois
Construction of the 14 projects in the portfolio is expected to begin this year.
Venture capital funding in energy storage increases 59% year over year
Mercom Capital reported the U.S. invested $9.2 billion of venture capital in energy storage in 2023.
Scale Microgrids acquires 500 MW of distributed solar projects
The company purchased distributed solar and storage projects across the United States, including in New York and California.
Commercial solar lender Sunstone Credit acquires Orka Finance
The company offers financing for small to medium-sized businesses investing in solar.
Nautilus Solar acquires 16 community solar projects in Illinois
The community solar specialist expands its footprint into the Midwest with the acquisition of this 75.6 MW portfolio.
Standard Solar expands into Texas with recent solar acquisition
The 9.9 MW commercial solar project acquired from EDF Renewables North America expands the Standard Solar portfolio to 23 states.
ReVision Energy to acquire Sunbug Solar, expanding Massachusetts footprint
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.
Nextracker announces split from majority holder, raises 2024 earnings outlook
Majority holder Flex plans to spin off its remaining interests in Nextracker. Plus, the company raised its earnings guidance for 2024.
Sunrise brief: American Battery Factory breaks ground on $1.2 billion Arizona gigafactory
Also on the rise: TotalEnergies adds a 280 MW Texas solar facility to its portfolio. Sunnova misses on Q3 earnings, posts sunny forecast for 2024. And more.
