In case you missed it: Six big solar stories in the news this week
pv magazine USA spotlights news of the past week including market trends, project updates, policy changes and more.
Amid financial turmoil, Sunnova awards $2.12 million in bonuses to top executives
The bonuses fall on the cusp of the company’s recent layoffs, resignation of its CEO and bankruptcy rumors.
GS Power Partners secures $22 million to finance five New York community solar projects
Partnering with Amalgamated Bank, the independent power producer plans to develop a total of 25.5 MW in three counties in northwest New York state.
Terabase surpasses $200 million in funding with Series C round
The funding in large part will support the manufacturing scale-up of Terabase’s robotics-assisted assembly line, Terafab,
Clearway Energy begins construction on $605 million energy storage portfolio in Utah
Each project will use 4-hour Tesla Megapack lithium ion batteries located adjacent to four operating solar power plants.
DSD Renewables closes $140 million IRA tax credit transaction
The solar, energy storage and EV charging developer will transfer Inflation Reduction Act tax credits to corporate buyers.
Adapture Renewables builds solar-plus-storage portfolio with acquisition from Samsung
A solar company affiliated with the Lego toy company is growing, with more than 344 MW in operation and 4 GW under development.
Arevon secures $509 million for two Missouri solar projects
Two projects totaling 430 MW are expected to be supported by the funding.
Supply deal and finance for another 2.2 GWh of US batteries
Canadian Solar will supply its SolBank 3.0 battery systems to Aypa Power’s projects in California and Texas and finance has been secured to complete construction of a further 220 MW/440 MWh battery energy storage system in the Lone Star State.
William J. Berger steps down as CEO of Sunnova
Paul Mathews named as president and CEO of this struggling residential solar energy company, as it repositions to improve cash flow.
