Finance

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.

Accelergen, a greenfield utility-scale solar developer, will launch following the Leyline Capital financing.

The producer of Maxeon and SunPower brand solar modules is raising capital from a $157.4 million underwriting of shares and a separate $42 million private placement with TCL Zhonghuan.

Home equity agreements offer a way to purchase solar and EV charging stations without taking on debt or monthly payments. A new partnership between QuantmRE and evNation provides this option.

This record volume of shipments was a 68% increase over the same quarter last year.

The new funding commitment will provide expansion into additional markets nationwide for PosiGen, with a direct focus on serving households with high energy burdens who stand to benefit the most from transitioning to clean energy.