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.
Startup wants to put solar arrays on wave energy generators, along with wind turbines
Sinn Power of Gauting, Germany combines wave, wind and solar power for the “first floating ocean hybrid platform.”
Hornsdale and its big Tesla battery exceed expectations as storage revenue surges
The surge in storage revenue due to specific grid conditions in Australia was one of the main factors behind a 61% year-on-year increase in revenues that Neoen saw in the first quarter of the year.
New Columbia Solar closes the biggest-ever tax equity deal for D.C.-based solar
$40 million is coming down the pipeline via an agreement between New Columbia Solar and Franklin Park Infrastructure. The money will not only help New Columbia to expand its team, but also bring 30 MW of distributed solar to the area with the nation’s most aggressive renewable energy standard.
The largest US solar-plus-storage plant will deploy 690 MW of bifacial modules on trackers
The Gemini project will be the largest solar plant in the U.S. and among the top-ten worldwide when completed on BLM land near Las Vegas. We spoke with the project developer to get some details on “one of the purest forms of time shifting you’ll ever see.”
