Sunnova files for bankruptcy
The troubled residential solar company entered into asset and power purchase agreements to support operations while it seeks a buyer.
Political instability and optimism collide at ACORE Finance Forum
Financing challenges, manufacturing uncertainty, and soaring data center demand dominated day one of the ACORE Finance Forum, but the biggest concern was political: proposed changes to the Inflation Reduction Act, described by one speaker as a potential “self-goal,” cast a shadow over an otherwise optimistic outlook for clean energy investment.
Residential solar loan provider Mosaic announces bankruptcy filing
The company joins a growing list of major U.S. residential solar players in financial distress or bankruptcy.
In case you missed it: Six big solar stories in the news this week
pv magazine USA spotlights news of the past week including market trends, project updates, policy changes and more.
Onyx Renewables secures $260 million financing
The New York-based solar, storage and EV charging provider secured funds to support construction of onsite clean energy projects.
Heliene celebrates opening of solar module manufacturing facility in Minnesota
The new manufacturing line in Rogers, Minn. has been operational since April and has an annual capacity of 500 MW, bringing the company’s U.S. annual capacity to 1.3 GW of solar modules.
Department of Energy axes $3.7 billion in clean energy demonstration funding
DOE said the projects “failed to advance the energy needs of the American people.”
In case you missed it: Six big solar stories in the news this week
pv magazine USA spotlights news of the past week including market trends, project updates, policy changes and more.
Sunnova’s saga continues with canceled $3 billion loan guarantee
The loan agreement from the Energy Department’s Loan Programs Office was to support Project Hestia, a model that Sunnova has since moved away from in favor of power purchase agreements.
Residential loan provider Mosaic issues pause on operations
Projects financed with Mosaic could see significant delays, said residential solar marketplace operator EnergySage.
