Sunrise brief: California unlikely to reach clean energy targets without rooftop solar
Also on the rise: Solar and storage accounts for one-third of transferable tax credit market in 2023. Zero-emissions mobile off-grid EV charging trailer. And more.
Recurrent Energy secures $500 million equity investment to further solar development
The BlackRock investment will help Recurrent transition from a pure developer to a developer plus long-term owner and operator in select markets in the U.S. and Europe.
Solar and storage accounts for one-third of transferable tax credit market in 2023
Crux, a marketplace for transferable tax credits, released a survey of 150 tax credit participants, estimating that $7 billion to $9 billion in total transferable tax credit transactions occurred in 2023, with the market expected to about triple in 2024.
IRA creates 100,000 clean energy jobs and attracts $110 billion in private investments
The Inflation Reduction Act of 2022 is ushering in a new decade of U.S. clean energy manufacturing and installation.
SolarEdge announces reduction of global workforce
SolarEdge, an Israel-based inverter manufacturer, says it plans to cut about 900 jobs as part of a restructuring plan “designed to reduce operating expenses and align its cost structure to current market dynamics.”
Bloomberg signs 15-year PPA for Texas solar
The 80 MW power purchase agreement was signed with Ørsted, supporting conservation commitment and advancing Bloomberg’s pledge to 100% renewable-sourced electricity by 2025.
People on the move: AlphaGen, SolMicrogrid, Nuquest Energy, and more
Job moves in solar, storage, cleantech, utilities and energy transition finance.
Solar workers furloughed days after unionizing
EmPower Solar executives have furloughed 21 workers citing a market slowdown. Furloughed team members say that these firings are retaliation for a pro-union vote taken just one week earlier by 49 workers.
People on the move: SEIA, REC Solar, BayWa r.e. and more
Job moves in solar, storage, cleantech, utilities and energy transition finance.
Qcells inks its largest module and EPC agreement
In an eight-year agreement with Microsoft, Qcells will supply 12 GW of modules along with EPC services.
