First Solar Q1 2023 revenue down, with investments in U.S. facilities taking precedent
Company expects to recognize about 25% of its full year guidance in the first half of 2023 and 75% in the second half, based on the advanced manufacturing production tax credit (45X) of the IRA taking effect.
Sunnova doubles customer count in Q1 2023
The solar and energy-as-a-service company recorded more than 5,000 of new customers in Puerto Rico, representing its second highest market after California, where it added 5,512 new customers.
Sunrise brief: Enel chooses Oklahoma for solar module and cell factory
Also on the rise: Oregon’s largest solar farm at 205 MW comes online. 106 MW regenerative agrivoltaic project at White Oak Pastures in Georgia. And more.
Enphase posts lower Q1 23 earnings, comments on NEM 3.0 market adaptation
Management sees NEM 3.0 changes as a net positive for California and expects strong demand for solar-plus-storage in coming quarters, with installers likely taking another four months of training for integrated systems.
People on the move: ABC Supply, Kelsun, Luminia, Marathon Capital, and more
Job moves in solar, storage, cleantech, utilities and energy transition finance.
Yotta and Sunstone partner to offer commercial storage solutions
Partnership will expand business’ access to Yotta Energy’s energy storage solutions with solar loan financing backed by Sunstone Credit.
Google partners for 500 MW environmental justice-focused distributed solar portfolio
The largest corporate backing of distributed solar in the United States, in partnership with EDP Renewables, will be funded in part through Google’s purchase of renewable energy credits called the ImpactREC.
Con Edison sustainability report highlights 3 GW of renewables deployments
The utility’s 2022 report highlights milestones the New York company is making to procure distributed solar, storage, energy storage resources, EV charging and heat pumps in the coming decade, as it strives to become fully net zero by 2040.
Sunrise brief: Republican debt ceiling bill guts clean energy in Inflation Reduction Act
Also on the rise: Driven by solar, California’s net demand hit zero on Sunday. Tracking the sun on uneven terrain. And more.
Sunnova secures $3 billion for virtual power plant loan program
A $3 billion Department of Energy conditional loan is expected to support Sunnova’s loan program for disadvantaged communities.
