Morning Brief: Renewable-energy spending will edge oil and gas for the first time ever in 2021
Also in the brief: Repowering older wind and solar plants is big business and getting bigger, Xcel accelerates $3 billion in spending, particularly on large renewable-energy projects, Highview gets more funding for long-duration energy storage.
Denmark’s CIP reaches first close for $6 billion renewable infrastructure fund, the world’s largest
Investments will include offshore wind, onshore wind, solar PV, transmission, storage, waste-to-energy and biomass assets.
Volkswagen invests up to $200 million in stealthy solid-state battery builder QuantumScape
This investment comes on top of the $100 million invested in 2018. Venture capital and corporate funding of new energy technologies continues despite — or perhaps because of — the pandemic.
Two new funds will put $110 million towards climate-change-mitigating tech
In addition to Prime Coalition’s announcement of a new $50 million fund and Pale Blue Dot launching its first-ever fund, tech incubator Greentown Labs will be expanding to Houston.
PetersenDean, a regional solar installer and roofer, seeks chapter 11 bankruptcy protection
PetersenDean came to solar from the roofing world and has long been a top-ten U.S. solar installer with a multi-state regional practice.
Analyst expects ‘unprecedented’ consolidation of Chinese solar industry
Private PV manufacturers and project developers alike are set to be squeezed out by the state in the world’s biggest solar market, according to Frank Haugwitz, who has compiled a wide-ranging report as preparations for the next five-year plan gather pace.
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.
