Google partners for 500 MW environmental justice-focused distributed solar portfolio
The largest corporate backing of distributed solar in the United States, in partnership with EDP Renewables, will be funded in part through Google’s purchase of renewable energy credits called the ImpactREC.
Sunrise brief: Republican debt ceiling bill guts clean energy in Inflation Reduction Act
Also on the rise: Driven by solar, California’s net demand hit zero on Sunday. Tracking the sun on uneven terrain. And more.
Sunnova secures $3 billion for virtual power plant loan program
A $3 billion Department of Energy conditional loan is expected to support Sunnova’s loan program for disadvantaged communities.
Sunergy to go public in $475 million valuation SPAC merger
The Florida-based installer of SunPower and Tesla Powerwall systems announced its intent to combine with ESGEN Acquisition Corp., a special purpose acquisition company backed by Energy Spectrum Partners, in a transaction that would result in the combined company becoming a Nasdaq-listed company later this year.
California grants $3 million for solar photovoltaic window coating production
NEXT Energy Technologies received a grant from the California Energy Commission for its organic photovoltaic coating for commercial windows.
SunPower secures $450 million to support loan business
The capital raise is expected to support SunPower’s residential solar and storage loan program.
Solar-powered cannabis cultivation
Cannabis prohibition drove a culture of clandestine production in the past and solar helped growers to cultivate it at remote, off-grid sites. Now, as a global commercial cannabis market emerges, solar has an even bigger role to play.
People on the move: Anovion, OIC, Thornova and more
Job moves in solar, storage, cleantech, utilities, and energy transition finance.
Federal government releases $1 billion in rural electric funding
The U.S. Department of Agriculture is offering funding from the Rural Energy for America Program (REAP) to farmers, ranchers and other rural market end users such as tribal organizations to fund $1 million for clean energy projects, and $500,000 for energy efficiency upgrades.
Weekly Solar Earnings Recap: Array, Pineapple Energy and SMA Solar
pv magazine USA’s recap of notable upstream solar, integrated solar, finance and rooftop installers that reported fourth quarter or fiscal year earnings over the last week.
