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Finance

Energy Department closes $1.2 billion in loans to Puerto Rico power producers

Loan guarantees by Loan Programs Office intend to finance grid enhancement to build resilience and expand access to affordable electricity for the people of Puerto Rico.

Utility-scale solar developer Origis Energy secures $1 billion investment

Brookfield Asset Management and Antin Infrastructure partners made commitments that could exceed $1 billion in aggregate.

Hemlock Semiconductor receives $325 million U.S. government funding for polysilicon production

The Michigan-based manufacturer supplies solar-grade polysilicon used in the manufacturing of mono-crystalline ingots and wafers used in solar cells.

DOE loans $1.8 billion to Arizona utility for solar, storage, transmission

The Department of Energy Loans Programs Office has approved a loan to Arizona Public Service (APS) to construct new electricity generation, storage and transmission assets.

Despite wind and solar’s low costs, PPAs remain vital

A new ACORE report says corporate use of power purchase agreements remain integral to getting large solar projects off the ground.

SolarEdge stock jumps as the company announces more layoffs

SolarEdge Technologies plans to lay off 400 employees globally, its fourth job-cut announcement in the past year. Recent safe harbor agreements and 45X credit sales may help the company on its path to recovery.

$11 million funding opportunity for solar that benefits wildlife and agriculture

The Energy Department’s Solar with Wildlife and Ecosystem Benefits program will fund R&D, technical work and stakeholder engagement activities that promote compatibility of solar with the natural environment.

Rural electric co-ops receive $4.37 billion in clean energy funding

Funding from the U.S. Department of Agriculture’s Empowering Rural America Program is available to rural electric cooperatives in Arizona, Colorado, Florida, Georgia, Minnesota, Nebraska, and Texas.

DOE finalizes $1.45 billion loan guarantee for Qcells’ Georgia solar plant

Qcells aims to reestablish critical parts of the U.S. solar supply chain by manufacturing ingots, wafers, cells, and finished solar modules.

Sunrise brief: Antidumping investigation could more than double cost of U.S. EV battery, energy storage

Also on the rise: Perovskite-silicon solar cell achieves 28.6% efficiency, ready for mass production. Energy experts urge California Governor to reject anti-rooftop solar executive order. And more.

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