The bankrupt saltwater battery company has a new owner, following a bankruptcy sale, and has re-started operations.
More than a year after the world’s largest renewable energy developer went under, Judge Stuart Bernstein has approved a deal that will allow it to emerge from bankruptcy proceedings over the objections of shareholders and two investors.
“This agreement accelerates our mission to put as much solar in the ground as soon as possible”
Mercom Capital’s latest report shows a jump in battery funding during Q2 2017, largely on the strength of one funding round.
The influx of cash is the latest progress for the nation’s largest PACE provider, which expanded to more communities in Missouri last week.
The toolkit is designed to help local municipalities understand and negotiate payment-in-lieu-of taxes agreements with solar developers.
The renewables arm of the French energy giant has bought the Switch Station 1 and Switch Station 2 projects for an undisclosed sum.
The power giant is embracing a business plan that includes selling 50-100% of its renewables business and yieldco NRG Yield as part of a massive unloading of assets and investments.
The funding is for 48 identified solar projects spanning two SunShot programs designed to advance solar power technologies in the U.S.
The U.S. arm of the troubled solar power company can expect to receive a $6 million infusion of cash from its lenders, which have also permitted the sale of non-operational assets.
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