Solar Earnings Recap: SunPower, Sunrun and SolarEdge
pv magazine USA’s recap of notable upstream solar, integrated solar, finance and rooftop installers that reported quarterly or fiscal year earnings over the last week.
SunPower secures $550 million loan purchase commitment
Private equity firm KKR committed to purchasing loans made to SunPower customers.
HVAC, lighting and solar integrator raises Series E round
The add-on funding brings the energy services company’s cumulative Series E round to $250 million, and represents a significant step towards expanding Redaptive’s offerings and procuring new customers, the company said.
BayWa r.e. procures credit facility for 2024-26 portfolio
Funding will support BayWa r.e.’s efforts to advance its pipeline of solar, solar-plus-storage (1.1 GW) and storage projects (188 MWh) across five states.
Permitting, grid resiliency and fusion energy are top of mind at BNEF Summit
The 2023 BloombergNEF Summit focused on grid innovations, climate change and renewable energy technology and saw in excess of 800 attendees turn out in person and on a live webcast, with about 26 corporate sponsors.
Sunrise brief: House votes to resume solar tariffs
Also on the rise: First Solar released Q1 2023 earnings with guidance on the advanced manufacturing production tax credit from the IRA
First Solar Q1 2023 revenue down, with investments in U.S. facilities taking precedent
Company expects to recognize about 25% of its full year guidance in the first half of 2023 and 75% in the second half, based on the advanced manufacturing production tax credit (45X) of the IRA taking effect.
Sunnova doubles customer count in Q1 2023
The solar and energy-as-a-service company recorded more than 5,000 of new customers in Puerto Rico, representing its second highest market after California, where it added 5,512 new customers.
Nonprofit receives renewed commitment from Bank of America for solar fellowship
To date, Bank of America has provided $2.2 million in total funding to Grid Alternatives and has supported 200 fellows in their career advancement.
Yotta and Sunstone partner to offer commercial storage solutions
Partnership will expand business’ access to Yotta Energy’s energy storage solutions with solar loan financing backed by Sunstone Credit.
