Distributed generation finance platform raises $25 million
Banyan Infrastructure is raising a $25 million Series B equity round from Energize Ventures, SE Ventures and Elemental Excelerator to digitize the manual process of procuring project finance between banks, investors and project developers.
Five actions for effective renewables finance risk management
In some instances, the cost of insurance could exceed 25% of annual operating and maintenance expenses, said insurance broker Marsh. The firm offers five actions to properly evaluate risks and drive portfolio growth.
Expanding solar finance and leverage warrants increased solar revenue insurance
Once considered a low-cost investment, the price to build solar assets has increased considerably. To combat rising costs due to inflation, kWh Analytics partnered with project developer Pivot Energy to provide Solar Revenue Put production insurance across the developer’s multiple distributed solar projects totaling 70 MW in six U.S. states.
Sunrise brief: Renewable energy institutional investment goes mainstream
Also on the rise: Solar field robot mower receives SOLV Energy seed funds. Louisiana utility seeks approval for 225 MW solar project. And more.
Renewable energy institutional investment has gone “from niche to mainstream”
Term Loan B funding may be a multi-trillion-dollar pool made available to renewable energy development. KeyBanc managing director Andrew Redinger shares his view of the evolving market in a white paper.
Sunrise brief: First Solar inks 10.1 GW of sales across four deals
Also on the rise: 50 states of solar incentives–Minnesota. NABCEP recognition a catalyst for solar developer’s growth. And more.
OYA Renewables closes financing for New York community solar pipeline
Funding from construction-to-term loan and tax equity commitment to finance construction of 15 community solar development projects in New York State.
Weekly Solar Earnings Recap: Daqo, FTC and First Solar
pv magazine USA’s recap of notable upstream solar, integrated solar, finance and rooftop installers that reported fourth quarter or fiscal year earnings over the last week.
Net-metered industrial solar developer receives equity investment
Austin, Texas-based Industrial Solar was formed in 2021 to install grid-scale solar projects that alleviate high demand charges levied on industrial companies across Texas using a net-metered industrial solar system.
Lithium battery recycler loaned $375 million for New York hub
Li-Cycle received a conditional loan from the U.S. Department of Energy through its Advanced Technologies Vehicles Manufacturing program.
