2022 energy storage financing, M&A activity increases
Mercom reports that equity financing and M&A transactions were both up more than 55% in 2022, as the energy transition draws new levels of investment.
Tigo Energy raises $50 million from L1 Energy
Tigo’s new capital is from L1 Energy, an investment fund of LetterOne (L1), which manages $6 billion in energy investments worldwide.
2022 saw a drop in solar funding, strong rise in acquisitions
Mercom reports that it was the second highest year for solar mergers and acquisitions, with an estimated 66 GW of solar projects sold to new buyers in 2022.
Athos III solar-plus-storage project begins operation in California
Generating 224 MWac / 310 MWdc of solar energy, or enough to power approximately 94,000 homes, the project features 448 MWh of co-located storage.
Project funding platform for solar-plus-storage developers and investors launched
EnergyLink’s fund launch addresses an underserved niche for sub-$50 million project funding.
Sunrise brief: pv magazine Award 2022 winners
Also on the rise: Capitalizing on the Inflation Reduction Act. Federal agencies receive updated climate guidance report. And more.
Solar Energy Loan Fund surpasses $30 million of residential loans
The non-profit green bank has sourced credit to clientele of which 74% are low-to-moderate income homeowners.
Sunrise brief: Silicon Ranch brings in $600 million of new equity investments
Also on the rise: Three off-grid solar generators on display at CES. NRG Systems provides monitoring solution for largest PV plant in Canada. And more.
Silicon Ranch brings in $600 million of new equity investments
The Southeast-focused solar developer is on track to cap a $1 billion full-year equity raise with a $225 million round over the next quarter.
Sunrise brief: Polysilicon prices drop 54% since August
Also on the rise: Solar in the fight for energy justice. Leading solar inverter trends of 2022. And more.
