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.
What to expect in a residential solar loan
A report from Energysage reviews common terms for residential solar loans.
Kimberly-Clark Corp. signs $230 million+ tax credit transfer deal with Schneider Electric
The U.S. manufacturer of personal care products will fund four new battery energy storage projects, supporting its decarbonization goals as well as grid resiliency.
