Finance

Also on the rise: Swamped with interconnection requests, Michigan updates its rules; and Tigo Energy closes an investment round.

The shareholders have filed a lawsuit alleging that Esdec concocted a plan to defraud them and has been avoiding buyout payments.

Also on the rise: Rural utilities add solar to support growth, the biggest deals of 2020 in solar finance, and CAMS acquires an O&M provider.

Despite a slow start and a downturn in venture capital and private equity funding, total funding saw a significant rise, including the largest amount of projects acquired in a single year to date and the largest amount of securitization financing ever in a year.

First used with wind projects, a pgPPA manages weather-related risk by settling a facility’s energy transfer based on a proxy generation index, rather than on actual metered generation. Operational risk shifts from buyer to seller.

Canada-based Amp Energy has developed over 1.8 GW of projects globally and is eyeing more, according to the partners.

Also on the rise: NPPD shops for 2 million MWh of renewables, JV will fuel ReneSola expansion, Canadian Solar sells a project stake, and natural gas rebounds after a lousy 2020.

Also on the rise: Fluence gains an investor, Cap Dynamics buys an Arizona solar facility, and legislation would boost DER as a safeguard in wildfire-prone California.

AES and Siemens will remain major shareholders and will continue to support Fluence’s long-term growth. The company currently has 2.4 GW of projects deployed or awarded across 24 countries and territories worldwide.

Also on the rise: 8Minute upsizes its credit facility, an NREL-led team publishes a new guide to inverter-based power systems, and Altus Power adds to its portfolio.