Updated: A roundup of venture capital funding in clean energy
Batteries have won the lion’s share of recent cleantech venture capital — but here are some recent funding rounds for fusion, graphene, electrical panels, circuit breakers, geothermal drilling and direct-air capture of CO2.
Loanpal solar loan securitization tests the water, signals a post-Covid market reopening
“Solar loans have proven to be a resilient asset class through these turbulent times.”
Job Moves at ABB, Energy Impact Partners, SolarEdge, Enel X, Solaria, Engie, Nexamp, Eos, EEI
Executive and boardroom moves in solar, storage, cleantech, utilities and energy VC.
The best way to RFP a solar project: don’t
Your company has decided that it’s time to go solar. A solar RFP might seem like the most logical way to go, but there are drawbacks that can lead to slower kick-off, lower quality work and financial underperformance. Here are some questions you should ask yourself to avoid these pitfalls.
South African startup raises $3M for crowd-funding solar project finance with a crypto bitcoin twist
Since financing and developing a commercial solar project wasn’t enough of a challenge, SunExchange adds crowdfunding and cryptocurrency to the mix.
8minute Solar Energy raises $225 million for 18 GW pipeline of solar and storage
Building on what has been a successful 2020 in terms of fundraising, the company has closed on a $225 million letter of credit with partners KeyBank, HSBC, Rabobank and Nomura Holdings.
PV plants lasting longer, with lower operational costs
Solar plants are now expected to last 32.5 years and have operational costs of $17 per kW/year, as shown by a Berkeley Lab survey of industry participants.
Canadian Solar sees turnover and profits surge
The Chinese-Canadian solar manufacturer reported a 41% year-over-year increase in total module shipments to 2.2 GW in the first quarter. Revenue grew by 70% to $826 million, while net profit improved significantly from $17.2 million to $110.6 million.
Record low solar PPAs in the Southwest mean ‘carbon capture is not going to save coal plants’
Recently approved solar PPAs could spell trouble for proponents of retrofitting the state’s San Juan Generating Station to capture the coal-fired plant’s carbon dioxide emissions.
Morning Brief: Nuclear fusion startup raises $84 million from Temasek and Equinor
Also in the brief: Green hydrogen in Denmark, North Dakota solar on tribal lands, Lime Rock New Energy raises $600 million in growth equity focused on renewable energy tech.
