Finance

Optimus Energy installed four solar arrays at resorts located in Kissimmee (760 kW), Lake Buena Vista (147 kW), Clearwater (205 kW) and Palm Coast, Fla. (402 kW).

pv magazine USA’s recap of notable upstream solar, integrated solar, finance and rooftop installers that reported quarterly or fiscal year earnings over the last week.

Private equity firm KKR committed to purchasing loans made to SunPower customers.

The add-on funding brings the energy services company’s cumulative Series E round to $250 million, and represents a significant step towards expanding Redaptive’s offerings and procuring new customers, the company said.

Funding will support BayWa r.e.’s efforts to advance its pipeline of solar, solar-plus-storage (1.1 GW) and storage projects (188 MWh) across five states.

The 2023 BloombergNEF Summit focused on grid innovations, climate change and renewable energy technology and saw in excess of 800 attendees turn out in person and on a live webcast, with about 26 corporate sponsors.

Also on the rise: First Solar released Q1 2023 earnings with guidance on the advanced manufacturing production tax credit from the IRA

Company expects to recognize about 25% of its full year guidance in the first half of 2023 and 75% in the second half, based on the advanced manufacturing production tax credit (45X) of the IRA taking effect.

The solar and energy-as-a-service company recorded more than 5,000 of new customers in Puerto Rico, representing its second highest market after California, where it added 5,512 new customers.

To date, Bank of America has provided $2.2 million in total funding to Grid Alternatives and has supported 200 fellows in their career advancement.