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Finance

SolaREIT closes $100 million securitization

The solar real estate investment fund, which leases solar sites from landowners, closed the deal with Nuveen.

Three non-profits receive NREL support to help BIPOC houses of worship to go solar

RE-volv, Green The Church, and Interfaith Power & Light to discover new approaches to solarize houses of worship in communities of color nationwide.

New York town plans floating-solar demonstration project

Cohoes, New York’s $6 million floating solar project will demonstrate how municipalities can turn reservoirs into clean energy plants, while serving the needs of low-income residents.

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Verizon issues $1 billion green bond with proceeds going toward renewable energy investments

The company is partnering with three minority- and women-owned firms as lead underwriters for this green bond, its fourth since 2019.

Gridpoint closes $75 million in funding

The company will use the funding to develop and optimize its technology platform that makes buildings smarter and more sustainable through data analytics, intelligent automation, and machine learning.

US EV battery manufacturer demonstrates 750+ mile range, raises $65 million

Michigan’s Our Next Energy (ONE) said it will use the funding led by BMW to accelerate R&D and build a US manufacturing facility.

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Rackless, earth-mounted solar provider earns funding

Erthos secured a $17.5 million Series B from an investor who participated in the startup of Tesla and SpaceX. The utility-scale solar company has a 2.5GW project pipeline.

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50 states of solar incentives: Maine

In this series, pv magazine will be exploring incentives and programs available to both installers and customers of all sizes looking to go solar state-by-state, across the country.

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Clean energy tax credit reform is our last, best chance for a net-zero future

A clunky tax credit system keeps vital incentives like the ITC and PTC from working the way Congress intended. Direct pay is the key to ensuring US projects have efficient access to low cost capital with greater certainty by providing cash incentives directly to clean energy projects and project sponsors.

Aspen Power secures $120 million, 200MW of distributed and community solar

The developer is active in community solar, multifamily, commercial, industrial, and rooftop markets.

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