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Finance

Boom time: the pv magazine USA week in review

It’s a complicated time in the U.S. solar industry, with a booming market for utility-scale solar and increasing public interest, but also collapsed PV module prices and shifts in production.

Altus Power America raises $200 million from Wall Street

Goldman Sachs, Global Atlantic Financial Group and Blackstone subsidiary bet heavily on Altus’ future as a solar developer.

sPower raises $786 million for nine solar projects

This combination of tax equity and debt financing will support 339 MW of solar capacity in Southern California, for a total of $2.32 per watt.

Macquarie acquires 80 MW-AC solar project in Utah

Scatec Solar’s Red Hills solar project is MREH’s eight solar facility.

Sometimes you win: the pv magazine USA week in review

This week we saw policy wins in California and New York City, as well as some good signs from Nevada and a promising policy in Massachusetts – not to mention documentation of a big fall in solar costs.

SolarCity raises another $347 million, switches CFOs

Tanguy Serra will be stepping down from his post as president as well at the end of the year.

SoCore outlines deal to buy 22 SunEdison projects in Minnesota

In a filing in the U.S. Bankruptcy Court in the Southern District of New York, the president of SoCore Energy discussed the nearly $80 million deal.

Enphase Energy to trim workforce by 11%, embarks on $20m cost-cutting drive

U.S. microinverter specialist announces restructuring and cost savings initiative that will see the firm reduce its global workforce by around 11% and cut annual operating expenses by $20 million.

8point3 Energy Partners delivers strong & steady Q3 results

Sunpower and First Solar’s joint yieldco beat guidance this quarter, while announcing a significant acquisition and $250 million in additional credit.

Congress launches investigation into use of solar grant and ITC funds

The investigation by a Senate and House committee is looking at whether or not U.S. companies were encouraged to sign leases regardless of the credit-worthiness of signatories, as well as potential inflation of costs to obtain more funding.

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