Tigo secures $20 million in funding
The capital will be used to improve upon existing products, develop next generation solutions and help the company scale.
Silicon Ranch selects Infrastructure and Energy Alternatives to construct 100 MW of solar in Georgia
The project is being constructed to help support Facebook’s data center in Newton County, Georgia, and represents the solar partners’ second such project.
Novatus Energy and Southwest Generation merge to create Onward Energy
The newly combined independent power producer brings to the table a 4.2 GW generation portfolio, including 543 MW of solar.
Total and 174 Power Global plan to build 1.6 GW of U.S. solar and storage
French energy giant Total called the 50/50 joint venture a “first significant step” into the U.S. utility-scale solar market.
King of the hill? McKinsey says renewables will be cheaper than fossil plants by 2030
The study cites the cost competitiveness of renewables-powered green hydrogen by 2030 as a big game changer for the energy transition.
Average PPA prices rose in 2020, analysis says
For the first time since LevelTen Energy began tracking the market, solar PPA offer prices rose in 2020, with Q4 2020 prices 11.5% higher than a year earlier.
Ironridge shareholders sue Esdec over 2019 merger, allege fraud
The shareholders have filed a lawsuit alleging that Esdec concocted a plan to defraud them and has been avoiding buyout payments.
Amazon to share 120 MW of solar with D.C. suburb
The company and the county agreed through a virtual power purchase agreement to offtake generation from Dominion Energy’s upcoming 120 MW solar facility in Virginia.
Total corporate funding into the solar sector rose 24% in 2020
Despite a slow start and a downturn in venture capital and private equity funding, total funding saw a significant rise, including the largest amount of projects acquired in a single year to date and the largest amount of securitization financing ever in a year.
An innovative offtake contract makes its solar sector debut
First used with wind projects, a pgPPA manages weather-related risk by settling a facility’s energy transfer based on a proxy generation index, rather than on actual metered generation. Operational risk shifts from buyer to seller.
