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Finance

Greenbacker grows operational renewable energy capacity 61% year-over-year

The independent power producer and climate-focused investment manager reported this growth in its Q3 2022 report.

Tigo Energy to go public via Roth Capital, Craig-Hallum SPAC platform

The 15-year old solar inverter and electronics company will have a $600 million pre-money equity valuation when it goes public by Q2, 2023.

Solar apprenticeship program to train and employ 10,000+ Illinois residents

The Sustainability Hub, a partnership between Summit Ridge Energy, 548 Enterprise, Ecademy and the Power52 Foundation, plans to train veterans and other Illinois residents for solar careers.

ReneSola posts 86% increased Q3 revenue, reflecting near-term addition of European IPP assets

Despite higher earnings in Q3, the company lowered its Q4 22 guidance to $44 million to $49 million, compared to the consensus of $73 million, reflecting recent acquisitions of European assets taken on its balance sheet.

KORE Power raises capital from Siemens and Quanta for 6 GWh Arizona gigafactory

With initial output anticipated in late 2024, production at the KOREPlex gigafactory in Arizona is expected to double to 12 GWh of lithium-ion battery cells produced to meet expected market demand in energy storage and electric mobility applications.

Urban Racking to focus on rooftop solar canopies in U.S. metropolitan markets

The company’s first 46 kW solar canopy was recently deployed in Brownsville, NYC, and features a low 4.5% shading factor.

REC Silicon Q3 report reveals 24.7% dip in polysilicon sales

The company reports that disappointing earnings are the result of ongoing supply chain constraints affecting global shipments and order timing, indicating that it will pursue an additional price increase in 2023.

Altus Power increases portfolio by 100 MW, increasing revenue 51%

The commercial and industrial PV developer grew its portfolio over the last quarter by acquiring a 100 MW portfolio of assets in 5 states.

Solar tracker provider Array Technologies reports Q3 earnings surprise, chosen for 750 MW project

A 750 MW project in Ohio will make use of the company’s DuraTrack mounts. Plus, Array beats Q3 earning estimates.

FTC Solar reveals updated Voyager clamping system, posts Q3 results

The updated Voyager module clamp for attaching First Solar modules builds off the Slide and Glide, using a fastener to secure and ground modules to the rail.

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