Finance

The project has power purchase agreements in place with CORE Electric Cooperative and Holy Cross Energy.

Also on the rise: First Solar reports shipping problems, SunPower weighs options for its C&I business, and FTC Solar wins a tracker order for an Arizona project.

The financing includes $188 million in non-recourse construction debt and $31 million in letters of credit.

Also starting up: Shell buys a solar developer, and a New Mexico startup installs electricity producing windows using quantum dot technology.

The DCF from a solar project’s electricity generation increases by 46% when shifting the project from today’s standard 25-year lifetime to a 50-year time scale.

Also starting up: Leap Photovoltaic turns to 3D printing to slash solar cell production costs, and solar EV startup Sono Motors files for its U.S. IPO.

Also on the rise: The White House announces a pared-down framework for its Build Back Better agenda, Tesla orders 45 GWh of EV batteries, and New Jersey makes its community solar program permanent.

Amp Energy is developing five separate solar power generation systems at four project sites in central New York State.

Also on the rise: Large format modules are gaining market share and presenting a new set of challenges, Honeywell and Duke will jointly test a flow battery, and Sunnova will offer EV charging through a partnership with ChargePoint.

Preliminary Q3 revenues were estimated at between $6.2 million and $7.2 million, while gross margin is expected to range from 18-20%.