Business

Also on the rise: Energy Department announces investments in clean energy future. WoodMac predicts strong yet flat global PV growth through to 2032. And more.

Job moves in solar, storage, cleantech, utilities and energy transition finance.

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.

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.

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.

The Inflation Reduction Act of 2022 is ushering in a new decade of U.S. clean energy manufacturing and installation.

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.”

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.

Job moves in solar, storage, cleantech, utilities and energy transition finance.

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.