Finance

Also on the rise: CS Energy provides EPC services for a 50 MW solar portfolio, UL buys a solar analytics platform, Sunnova places $500m of senior notes, service stations on Puerto Rico go solar, and XL Fleet buys an EV charging provider.

Also on the rise: Goodyear to add solar at an Innovation Center, NextEra Energy Partners expands a finance arrangement, Solar FlexRack supports a Bahamas project, and California’s annual budget aims to boost support for long-duration storage and ZEVs.

Also on the rise: The interconnection logjam for solar is large and growing, says Berkeley Lab in an upcoming study; price quotes for solar saw a big drop in the second half of 2020; and an Illini solar farm lives up to its name by planting a pollinator habitat.

The American Green Bank Consortium added five new green banks and said that market actors across 22 states were actively exploring or taking steps to develop green banks.

SunPower’s Q1 earnings show growth as the company intensifies its focus on acquisition costs and segment expansion.

Sunrun raised its installed growth rate estimate to 25-30% for the year, and said that “the strong momentum that we saw in the fourth quarter has continued into 2021.”

Shoals said it is getting faster at winning new customers: It recently converted a prospect to an order in less than 90 days. 

Also on the rise: Ørsted completes its 460 MW Texas solar + storage project, ReneSola JV aims to speed its European build pipeline, equity firm closes its CS Energy buy, and Revolt Energy gets a new owner.

The company narrowed its first quarter loss to $24 million, an improvement from a year earlier and driven by lower interest expenses.

The Energy Department said that without more transmission capacity, the electricity grid “cannot reliably and consistently deliver renewably sourced power.”