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.
KORE Power raises capital from Siemens and Quanta for 6 GWh Arizona gigafactory
With initial output anticipated in late 2024, production at the KOREPlex gigafactory in Arizona is expected to double to 12 GWh of lithium-ion battery cells produced to meet expected market demand in energy storage and electric mobility applications.
Powin partners with SMA America for 2 GW supply agreement
Powin is expected to install battery systems over the next few years with SMA’s power inverters and other solutions.
Sunrise brief: Visualizing the remarkable progress of solar energy
Also on the rise: PEG racking system survives near-direct 120 mph hurricane hit in Cuba. EIA study finds high solar penetration states showed resiliency to major power outages. And more.
Altus Power increases portfolio by 100 MW, increasing revenue 51%
The commercial and industrial PV developer grew its portfolio over the last quarter by acquiring a 100 MW portfolio of assets in 5 states.
Brookfield Renewable highlights 10 GW, three-year solar, storage and wind project development pipeline
BEP’s three recent corporate acquisitions bring together close to 25 GW of development-stage assets.
Sunrise brief: Clean energy companies call on ICC to reject FEMA proposal
Also on the rise: The world’s largest single-phase battery is now online. RFP Alert: Pennsylvania utilities to procure up to 20 MW of solar. And more.
Standard Solar acquires 6.2 MW Rhode Island community solar portfolio from Trina Solar
The power generated by the two ground-mount projects will be subscribed through the state’s virtual net metering program.
Sunrise brief: Sunrun completes successful residential virtual power plant in New England
Also on the rise: Estimate your home solar potential with the Solar Calculator. Solar racking products and trends at RE+. And more.
Westinghouse Electric to be acquired by Brookfield Renewable and Cameco
A consortium comprised of Brookfield Renewable and Cameco together with its institutional partners, has signed an agreement to acquire Westinghouse Electric Company from Brookfield Business Partners.
