The launch of a new renewable energy investment bank
Catalina Energy Capital reports it has three significant solar and battery energy storage infrastructure deals complete and is on track to advise on over 4 GW of solar and storage assets by the end of this year.
Sunrise brief: Maxeon Solar pivots business to focus exclusively on U.S. market
Also on the rise: Energy Department announces $289.7 million loan guarantee for widespread VPPs. Fifteen states shine with 50%+ solar growth in a year. And more.
Energy Department announces $289.7 million loan guarantee for widespread VPPs
The conditional loan guarantee will help deploy up to 1,000 solar and battery energy storage systems in a virtual power plant that spans as many as 27 states.
Solar financing is alive and well
Funding for solar manufacturing, project development, and more continues to roll in, as evidenced by three hundred-million-plus deals struck this week.
Silfab secures $100 million to manufacture solar cells in U.S.
Half of the funding is coming from a $50 million equity investment and the other half from a green loan, which will enable Silfab to scale its solar cell manufacturing plant in South Carolina.
Hydrogen demand attracting investment, new technology and larger projects
Production of “green hydrogen” using renewables economically is a key focus.
Sunrise brief: Solar stocks plummet, market is “wildly emotional” about Trump
Also on the rise: 500 GW of solar could interconnect at existing fossil-fired generators. The great untapped potential of virtual power plants
global installed PV capacity tops 2 TW. And more.
Energy storage manufacturer NeoVolta phase one approved for $250 million DOE loan
The company will now enter a technical due diligence phase.
Sunrise brief: Utility-scale solar tracker provider FTC Solar posts loss in Q3 earnings
Also on the rise: U.S. solar industry association at COP29. $110 million secured for 300 MWh battery project in California. And more.
Utility-scale solar tracker provider FTC Solar posts loss in Q3 earnings
The company posted a loss of $0.10 per share, narrowly missing Wall Street estimates.
