Leap raises $12 million to expand virtual power plant business
The funding round was led by Standard Investments with several other investors participating.
Sunrise brief: Bifacial perovskites show 93% backside efficiency
Also on the rise: First Solar inks 5 GW supply deal with Energix. EPA announces two grant opportunities for clean tech projects. And more.
EPA announces two grant opportunities for clean tech projects
Two Notices of Funding Opportunities total $20 billion and aim to mobilize private capital into clean tech projects to create jobs and lower energy costs.
First half 2023 total solar corporate funding increased 54% year-over-year
According to Mercom’s Solar Funding report almost 25.5 GW of solar projects were acquired in the first half of the year, totaling $18.5 billion.
Insurer to cover up to $20 million in damage limits for solar projects
Retail clients can access quote and bind to insure U.S. C&I solar projects with limits on replacement cost of $2 million to $20 million per project site location, according to NARDAC Insurance Services.
Sunrise brief: Massachusetts has 52 GW of “top rated” solar potential
Also on the rise: Using existing fences as near-zero-cost racking solution for PV deployment. A solar-powered tool shed. And more.
RFP alert: EPA launches $7 billion low-income rooftop and community solar program
Up to 60 grants will be awarded to states and other eligible entities, ranging from $25 million to as much as $400 million.
First Solar to support 12 GW growth trajectory with $1 billion revolving credit
On June 30, the Arizona-based producer of U.S.-made solar panels arranged a new $1 billion credit facility that includes a sub-limit of $250 million of available letters of credit from eleven financial institutions.
Duke Energy sells commercial DG business to ArcLight Capital
Combined with the sale of its utility-scale renewables business, Duke Energy has divested $3.16 billion worth of utility and distributed generation solar assets this year as the utility shifts its business to focus on its core regulated holdings.
DOE advances $1 billion of $7 billion clean hydrogen strategy
The demand-side initiative will help advance clean hydrogen hubs and support President Biden’s Investing in America agenda for building a clean energy economy with 100,000 jobs.
