Finance

It’s cheaper to build new solar than it is to operate coal plants

New analysis released by Lazard compares the levelized cost of energy for various generation technologies on a $/MWh basis and shows that renewables, specifically utility-scale solar and wind, are the economic frontrunners.

Mosaic launches new loans with the lowest rates the market has ever seen

The two new options, 0.99% APR for a 20-year loan and 1.99% APR for a 25-year loan, come at a time when installers and homeowners are increasingly cost-conscious, especially considering the impending ITC step-down.

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Solar PPA prices in the US rise for the second consecutive quarter — after 18 months of decline

LevelTen Energy’s Q3 2020 PPA Price Index report shows that average utility-scale solar PPA prices rose again in Q3, up to $29.3/MWh. And while the ITC step-down and simple economics are to blame, LevelTen shares that the increases are no cause for alarm.

Array Technologies’ share price up 65% on first day as a public company

The IPO priced at $22, above the top of the anticipated range of $19 to $21 — valuing the solar firm at about $2.8 billion. 

Morning Brief: Home Depot and Enel signa power contract, National Grid rebrands its renewable arm

Also in the brief: CollectiveSun raises $4 million for San Diego nonprofits to go solar, EDP has closed on a power contract for 100 MW of solar generated by two projects in Ohio and more.

IPO update: Solar tracker builder Array Technologies increases number of shares in largest PV IPO of 2020

The reception in the financial community on the eve of the Array Technologies IPO must have been enthusiastic.

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Morning Brief: Solar power will be ‘the new king’ by 2030, fuel cell SPAC, advanced reactors get $160M

Even the profitless fuel cell industry can launch a SPAC, cheered on by the current mania for hydrogen technology. Lots more in today’s brief.

Energy Funding: IPOs, M&A, VC and grants for flow batteries, fuel cells, PV trackers and equitable access to solar

Another busy funding week with solar IPOs on deck and venture capital investments — but no cleantech SPACs in the last few day, at least.

Utility-scale solar roundup: PV-powered steel from Lightsource, Savion in Ohio and Michigan

Dean Solon, CEO of Shoals: “A lot of people thought that the 100 MW fields were all dead, but those suckers are coming back with a vengeance.”

New energy transition exit: the Array Technologies IPO

John Tough of Energize Ventures shares an investor’s view of the biggest solar IPO of 2020. It’s the first and largest solar tracking company available to U.S. public markets.

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