Also on the rise: Mosaic announces a $1.5 billion loan program for solar and storage, New Jersey levies a fine for damage related to a solar project, and SunPower deleverages its balance sheet.
Also on the rise: Summit Ridge secures tax equity deal for community solar in three states, Hunt Perovskite wins DOE funding for cell development work, and EVgo opens a lab to test electric vehicle charging technologies.
Also on the rise: Hydro-Québec grid gains a BESS, Connecticut announces its 2021 Green Liberty Bond issuance, and two VC pros launch a fund to back cleantech startups.
Also on the rise: A community-based canopy solar project is under way in New Jersey, Mosaic securitizes a bundle of solar loans and Strata Solar rebrands as it looks to other cleantech offerings.
It’s been a busy two months since Joe Biden became president. Here are highlights of key initiatives on the energy and cleantech fronts.
Also on the rise: SaskPower will build a battery energy storage system, Energize Ventures and CDPQ will invest $125 million in energy transformation tech, and Loanpal securitizes $421 million of residential solar loans.
The $2 trillion package includes a proposed 10-year extension of the ITC and PTC and calls for further incentives to add transmission capacity. Most solar advocates liked it, but one nonprofit panned it as being too industry-friendly.
Tax credits are great, but many individuals and businesses don’t pay enough in taxes to make them work. Why not create a paradigm shift in how credits are distributed?
The bill aims to thaw frozen tax-equity markets and help the solar and clean energy sectors recover from the economic effects of the Covid-19 pandemic.
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