Insurer: 75% of California rooftop solar companies are high risk, more bankruptcy on the way
Solar Insure told pv magazine USA the financial stability of rooftop solar companies operating in California is in question. Despite this, California reaffirmed recent anti-solar decisions in a recent appeals court hearing.
Sunrise brief: How the IRA is changing the U.S. solar manufacturing landscape
Also on the rise: Sunlight Financial files bankruptcy, acquired by industry consortium. California is curtailing more solar power than ever before. And more.
DSD completes community solar portfolio for the City of White Plains
The 6.8 MW portfolio is comprised of nine different project locations, including an innovative installation on one of the city’s capped landfills.
One-third of global PV manufacturing capacity is at medium or high risk of bankruptcy, IEA says
A new report from the International Energy Agency stresses the importance of geographically diversifying the global PV supply chain. This would prevent supply chain vulnerability to bankruptcies and underinvestment.
Nautilus acquires 26 MW of Maine community solar
The projects, split across two portfolios, were acquired from BNRG Maine and bring the company’s capacity of acquired and developed community solar projects within the state to more than 92 MW.
Clean energy tax credit reform is our last, best chance for a net-zero future
A clunky tax credit system keeps vital incentives like the ITC and PTC from working the way Congress intended. Direct pay is the key to ensuring US projects have efficient access to low cost capital with greater certainty by providing cash incentives directly to clean energy projects and project sponsors.
Greenbacker acquires 16MW Massachusetts rooftop portfolio
The 16 installations in the portfolio all entered operation between the third quarter of 2018 and the second quarter of 2020, and each has an offtaker contracted for its generation.
EVLO launches 1 MWh storage system
The 1 MWh system is set to make its debut suppling power to Haute-Mauricie during transmission line upgrades.
Pine Gate Renewables completes its first North Carolina storage project
The 6.9 MW/10 MWh Grissom solar and storage project will provide energy to the North Carolina Electric Membership Corporation under a long-term power contract.
FERC opens the door for solar advocates to take Alabama regulators to court
The Commission declined to grant an enforcement action petition against state regulators that allowed Alabama Power to institute a punitive solar charge, instead allowing the petitioners to take the fight into their own hands in court.
