Sunrise brief: Enphase Q4 revenues drop 35% in U.S. and 70% in Europe
Also on the rise: Recurrent Energy secures $160 million for Louisiana solar project. Solar corporate funding rises 42% globally in 2023. And more.
Enphase Q4 revenues drop 35% in U.S. and 70% in Europe
Reduced demand and reduced shipments due to high unsold inventory at distributors cratered the company’s revenues in its Q4 2023 report.
Recurrent Energy secures $160 million for Louisiana solar project
Microsoft will be the sole offtaker of energy produced by the 98 MW Bayou Galion Solar project, supporting its goal to be carbon negative by 2030.
Solar corporate funding rises 42% globally in 2023
Over $34.3 billion was raised over 160 deals, said a report from Mercom Capital.
Seven community solar projects to deliver bill savings to low-income residents
Walmart, U.S Bancorp Impact Finance and Reactivate closed a tax equity transaction on the portfolio of solar projects in New York and Illinois.
Solar EV developer Aptera crowdfunds $33 million
The new electric vehicle promises 400 miles of battery range and 40 miles of solar-generated range per day.
Sunrise brief: Suniva to restart idled solar cell factory in Georgia
Also on the rise: Lithos technology reduces water use in lithium extraction. Solar tracker provider Nextracker amps up its 2024 earnings guidance. And more.
Vesper Energy closes $590 million for 745 MW Texas solar project
The company closed financing for a solar project that is expected to generate enough electricity for the equivalent demand of 160,000 homes.
Solar tracker provider Nextracker amps up its 2024 earnings guidance
The solar tracker and software provider’s share price increased 20% in the trading session following the earnings report.
Crux raises funds as it builds market for transferable clean energy tax credits
The $18.2 million in funding will help Crux grow its team and scale the volumes of annual transferable credits into the billions, the company said.
