Weekly Solar Earnings Recap: Array, Pineapple Energy and SMA Solar
pv magazine USA’s recap of notable upstream solar, integrated solar, finance and rooftop installers that reported fourth quarter or fiscal year earnings over the last week.
Birch Creek Energy acquires utility-scale solar developer
Washington, D.C.-based Foundation Solar is comprised of a team of solar industry veterans that have developed, acquired and managed over 6 GW of generation assets over the past two decades.
Sunrise brief: North Carolina rulings dent rooftop solar value
Also on the rise: Over 500 MWh standalone battery storage facility enters operation in Texas. Connecticut commercial energy storage demand spurs government action. And more.
Spruce Power acquires residential solar portfolio across 10 states
The acquisition of SS Holdings 2017 brings Spruce’s contract base to over 72,000 systems.
CleanCapital acquires 26.2 MW, 10-project solar portfolio
The Rhode Island projects range from 250 kW to 5.4 MW and include rehabilitated brownfield sites, landfills, and serve organizations like the YMCA and low-income housing authorities.
New Leaf Energy sells 21 MW of community solar projects
Standard Solar acquires New Leaf’s solar project portfolio in New York and Massachusetts.
Sunrise brief: Solar panel imports are picking up after months of detainment gridlock
Also on the rise: Inside transferability, or selling renewable energy tax credits. Polar Racking 19 MW Axsus tracker order for N.Y. community solar portfolio. And more.
Innergex acquires 60 MW solar portfolio in Ontario
The portfolio includes the Sault Ste. Marie 1, 2, and 3 facilities, and is expected to generate annual revenues of approximately $33.1 million in 2023.
Renewables merger and acquisition strategies are shifting
With increasing capital commitments, there is now a shift to minority investments and emergent technology subsectors. pv magazine evaluates the M&A outlooks provided by CohnReznick Capital and FTI Consulting.
Developer takes over New York landfill solar site
The Brookhaven brownfield site spans 35 acres of limited use, capped landfill where over 16,000 solar panels will be constructed using a fixed-tilt, ballasted installation. The solar facility will feed into utility PSEG-LI’s grid.
