Two Wisconsin solar projects financed through asset purchase agreement
The two sites, Good Oak and Gristmill, will be built by OneEnergy Renewables with handover to We Energies, Wisconsin Public Service Corporation and Madison Gas and Electric Company at commercial operations.
Battery recycler wins $475M loan from Department of Energy
The loan will support Li-Cycle in further advancing a lithium-ion battery recycling facility in Rochester, in New York state, which may then become a source of battery materials.
SolarEdge posts $1.21 billion net loss in Q3
SolarEdge reported $260.9 million in revenue for the third quarter of 2024, down from $725.3 million in the same quarter last year. The Israeli manufacturer also posted an operating loss of more than $1 billion, with 850 MW of inverters and 189 MWh of batteries shipped for PV applications.
Renewable microgrid projects in remote and tribal communities to receive federal support
A federal partnership program will offer financial and technical assistance to remote and tribal communities that are at any stage of microgrid planning or development.
Sunrise brief: Grandpa’s grid is not built to supply consumers what they need
Also on the rise: Utility-scale solar additions hit 46.8 GW since start of 2023. Primergy closes $225 million in financing for solar-plus-storage portfolio. And more.
Primergy closes $225 million in financing for solar-plus-storage portfolio
The financing includes a $125 million tax credit sale for Gemini, one of the largest solar-plus-storage facilities operating in the U.S.
Solar tracker manufacturer Nextracker reports 29% year-on-year growth
The U.S. manufacturer of sun-tracking solar mounts posted $1.35 billion in revenue for the first half of fiscal year 2025.
First Solar misses on Q3 revenue, lowers 2025 guidance
The U.S. thin-film solar manufacturer posted revenues roughly 18% short of Wall Street consensus expectations.
Tribal fund will support predevelopment costs for 2 GW to 6 GW of solar on tribal lands
A tribal clean energy fund has raised $30 million to fund predevelopment costs for solar projects on tribal lands. Meeting predevelopment milestones will enable tribal communities to apply for federal loan support to complete the projects.
J.P. Morgan and Capital One provide $260 million tax equity financing for solar project
BrightNight secured funds for a 300 MW solar project in Arizona jointly owned with Cordelio Power.
