Morning Brief: Spruce Finance acquires Clearway Energy’s residential solar portfolio, GM to go 100% renewable at Spring Hill
Also in the brief: Ginlong Technologies plans to raise over $100 million, the US–China trade war and COVID-19 have massively impacted coal financing, SunPower’s planned split and establishment of Maxeon Solar Technologies has received approval in China and more.
Morning Brief: NYC replaces fossil plants with storage and renewables, solar boom stalls in Texas
Also in the brief: a look at how pv systems relate to bird mortality, Sunverge has been chosen to manage a Maryland virtual power plant, a solar powered water filtration system and more.
Direct cash payments for solar projects floated as a legislative solution
Solar developers, including First Solar, believe that a direct cash payments solution could keep solar projects on track and help developers monetize the ITC in the event that tax equity financing dries up.
Giant 690-MW Gemini solar project near Las Vegas on BLM land gets the go-ahead
Historic, archeological, and environmental issues have been mitigated. About 70 desert tortoises are being relocated during construction — and the project is full-speed ahead for developers Arevia Power and Solar Partners XI.
Morning Brief: Tesla looks to revive solar business with ‘Solar Price Match Guarantee’
Also in the brief: Developers pitch 16 GW of solar in coal-fueled Indiana, solar co-ops launch to help Ohioans go solar, plus green hydrogen as post-pandemic energy choice.
Analysis: California’s report on RPS costs and savings needs an update
A new report from the California PUC documents the uneven workings of the state’s 100% renewable portfolio standard — and the need for better data on cost savings.
The financial and social struggles of getting large solar projects financed
The pre-life of the Spotsylvania solar energy project has been riddled with financial and societal difficulties. As much as these issues have made a quagmire of development, it also provides a case study on the logistics of getting such a large project built.
Vivint beats on revenue — but losses widen in Q1 as residential solar hunkers down
Vivint beat estimates with $91.2 million in revenue in Q1, though, like with most other third-party solar companies, that was outweighed by $51.9 million in losses from operations. Installation figures fell during the quarter and are only expected to fall further, as Covid-19 runs its course on residential solar.
Morning Brief: Financing for a 200 MW project, EDP agrees to a power contract
Also in the brief: solar on schools in Virginia and a Hawaiian microgrid.
First Solar earnings: strong Q1 and an uncertain 2020 guidance — like most every solar firm
“Despite the uncertain economic environment, demand for our Series 6 product remains strong, as evidenced by the 1.1 GWDC of net-bookings since our prior earnings call.”
