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Finance

Silicon Ranch brings in $600 million of new equity investments

The Southeast-focused solar developer is on track to cap a $1 billion full-year equity raise with a $225 million round over the next quarter.

Sunrise brief: Polysilicon prices drop 54% since August 

Also on the rise: Solar in the fight for energy justice. Leading solar inverter trends of 2022. And more.

Solar is front and center in the fight for energy justice

Renewable energy in the form of community and rooftop solar can bring relief to people who are disproportionately affected by climate change, pollution, and rising energy prices. Many groups are working hard to open up access to solar and the recently passed U.S. Inflation Reduction Act (IRA) has a plan, backed by generous funding.

Sunrise brief: North Carolina carbon plan favors gas over solar-plus-storage

Also on the rise: New electrolyzer to split saltwater into hydrogen. Solar Alliance completes 687 kW distributed generation projects in New York. And more.

Luminia closes out 2022 with $2.5 billion in solar financing requests

With a 600 MW+ project pipeline, active development includes community solar and other projects primarily across the Northeast.
 

Federal agency inaction may hamper residential solar loan access

The National Credit Union Administration can extend an exemption to allow federal credit unions to provide 25-year solar loans.

Ascent Solar nets $50 million investment to manufacture flexible thin-film PV

The US manufacturer secured an equity-based financing facility to support R&D of its CIGS thin-film solar solutions.

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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.

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