Finance

The credit facility with Aiga Capital Partners will enable the development of Spearmint’s BESS portfolio in the Texas ERCOT market.

Rural electric co-operatives seeking support for renewable and clean energy projects under a $9.7 billion USDA program can now access an emissions reduction calculator to begin preparing a preliminary application.

At the ACORE Finance Forum, investors said a key challenge that statewide community solar programs do not yet address is how to unlock the opportunity of hundreds of thousands of building rooftops for solar development and bringing access to residents who rent their apartment.

Job moves in solar, storage, cleantech, utilities and energy transition finance.

Investment brings economic growth and environmental benefits to Indiana and Louisiana communities, leverages Inflation Reduction Act’s advantages for made-in-America products 

Led by U.S. Bancorp and Mitsubishi, the tax equity and debt commitments are expected to enable the company to support the construction of 49 solar and energy storage projects.

For every dollar invested in fossil fuels, 1.7 dollars are invested in clean technologies. Five years ago, it was a one-to-one ratio, said the International Energy Agency.

Canadian Solar’s global module, battery and inverter solutions business is issuing 541 million shares, or 15% of 3.6 billion outstanding shares, at $1.17 per share (11.10 RMB) raising the equivalent of $848 million in proceeds.

Also on the rise: Automated solar permitting speeds approval process. PJM’s pace of interconnection will not meet demand through 2028, says NRDC. And more.

Suntuity Renewables announced plans to go public this week through a merger with special purpose acquisition company (SPAC), Beard Energy Transition Acquisition Corp.