Finance

GCL Energy receives $60 million for 84 MW solar portfolio in North Carolina

With the help of CIT Group, the China-based company hopes to kickstart its U.S. solar portfolio with this first infusion of cash.

Flow battery maker Primus Power raises $32 million

The most recent funding influx means the California battery maker has secured $114 million to date, and the company has hinted at trying to break into the Chinese market.

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JinkoSolar sets new PACE for commercial-financing channel

The PV module manufacturer announced it had partnered with CleanFund Commercial PACE Capital to offer financing for its commercial customers through its SolarPACE program.

Solar goes corporate: the rise of the bilateral PPA

PV power plants: Corporations want in on the falling costs and predictable prices of wind and solar. Bilateral power purchase agreements have emerged as one new business model among several that businesses are employing as they get serious about renewable energy, both in the United States and abroad.

Former Sungevity employees file class action lawsuit

The lawsuit alleges that workers were not given the warning required under federal law, and attorneys are additionally enquiring about bounced paychecks.

Vivint Solar installations decline in Q4

While the residential solar company has greatly improved its access to capital, its volume installed fell 21% year-over-year.

Tesla to issue $1 billion stock & convertible bond offering

The EV, solar and battery company has filed to issue $750 million in convertible notes and another one million shares of stock in advance of its Model 3 roll-out.

Sungevity’s insolvency shows in employees’ checks

Today the final checks to Sungevity workers laid off without notice last week bounced, as the latest problem for the company and its former employees.

Sunnova breaks into tax equity with $80 million deal

The deal with USBCDC will enable an estimated $200 million worth of solar, and brings Sunnova to over $1.5 billion raised to date.

Trina Solar goes private

The Chinese PV maker has completed its merger transaction and will now become a private company. Trading of Trina’s shares on the NYSE have been suspended pending de-listing.

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