New green bank to support distributed solar and storage in the Appalachian region
The Green Bank for Rural America will support community lenders in Appalachian communities to finance climate-supporting projects including distributed solar and storage. The bank and four others received a total of $6 billion in federal awards.
Minnesota sues GoodLeap, Sunlight, Mosaic and Dividend over dealer fees
The Attorney General claims these companies misled consumers about residential solar pricing, concealing inflated fees behind the federal tax credit and long-term contracts with low interest rates.
Sunrise brief: Maxeon sues REC, Hanwha Qcells for alleged TOPCon patent infringement
Also on the rise: Anker home energy storage system now available in North America. Nextracker cuts solar tracker carbon by 35% with recycled steel and electric furnaces. And more.
Green Bank network’s total investment could reach $10B for 2023
Preliminary reports from the Coalition for Green Capital say investment in clean energy projects and technologies increased 52% over 2022.
High interest rates are challenging the global transition to renewable energy
A report from Wood Mackenzie examines how the global shift to heightened interest rates to combat inflation is squeezing the energy transition.
Earth Day celebrated with $7 billion solar funding announcement
The Solar for All funding will bring clean solar energy to low-income and disadvantaged communities in every U.S. state and territory.
Arcadia raises $50 million to bring AI to community solar
The company reports that it manages the nation’s largest community solar portfolio with more than 2 GW of solar under management.
Community solar provider secures over half-billion-dollar investment
Nexamp secured a $520 million capital raise. It serves nearly 80,000 customers nationally and has a $2 billion investment strategy in Illinois.
Sister Margaret seeking solar, a GoFundMe opportunity
Fundraising opportunity will support a 1.2 kWdc solar power project that will offset 100% of the electricity for home for retired nuns on El Salvador.
Sunrise brief: California pivots to propose $24 average fixed fee to electric bills
Also on the rise: Solar module prices remain steady amid unchanged market fundamentals. U.S. solar industry week in review. And more.
