Sunlight Financial challenged to sell $550 million in residential loans
Following the Federal Reserve’s interest rate hikes, the loan products of the residential solar finance company Sunlight Financial are at risk of being sold for a loss. This has led the firm to question its ability to continue operating.
Sunrise brief: One of the largest U.S. solar projects secures $779 million financing
Also on the rise: Clearway to procure 2 GW of solar trackers from Nextracker, Boston mayor bans fossil fuel use in municipal buildings and a developer challenges Massachusetts town on solar zoning restrictions.
Sunrise brief: FERC reforms interconnection, speeding critical renewables delays
Also on the rise: SolarEdge stock trades down despite record revenue in Q2. Sunnova to participate in battery emergency program in Puerto Rico. And more.
DOE announces over $450 million for solar-plus-storage in Puerto Rico
The funding will support the installation of solar and storage, as well as providing outreach to identify and connect eligible households.
Enphase lowers revenue guidance as U.S. residential solar stagnates
The microinverter provider is slipping in share price as revenues dip. It announced a $1 billion stock buyback program.
DOE announces $27 million for clean energy plans for disadvantaged communities
Energy Future Grants Program is open to applications for local, tribal and state governments seeking to partner on clean energy projects in building, power and transportation sectors.
Scaling clean energy by and for Black farmers in Florida
In one Florida town, NREL researchers worked with local stakeholders and community members to develop a guide for installing solar panels on churches and other commercial-scale buildings across the state.
Tesla solar down 38%, energy storage up 222% in Q2
The company had strong year-over-year growth deploying its Powerwall batteries, but its rooftop solar division continues to retract.
Revkor, H2 Gemini to manufacture HJT solar cells and modules in Salt Lake City
Joining the wave of solar manufacturers setting up operations in the U.S. is a new partnership between Revkor Energy Holdings and H2 Gemini, planning a 5GW to 20 GW HJT/perovskite manufacturing facility and a research center in the state of Utah.
New York Green Bank provides $25 million credit debt facility for energy storage
The credit facility will help fund NineDot Energy’s pipeline of battery storage projects in New York State, and is the first pure play energy storage transaction completed by NY Green Bank.
