Finance

The latest part of the Biden administration’s Build Back Better pledge, the funding will go to grid modernization, carbon removal, renewable energy and energy storage, among other technologies.

Also on the rise: $150m construction revolver for DSD, Sunlight Financial offers Spanish language products, and what’s up with wind?

The company initially financed the Rippey Solar project and now has acquired it, expanding its Lone Star State solar portfolio to 95 MW.

Also on the rise: EDF Renewables signs a PPA for its Space City Solar project in Texas, Nextracker wins a supply order for a big South American project, and a polysilicon producer signs a three-year deal for 41,000 MT.

The company closed a tax equity deal with Franklin Park Infrastructure that will help it add solar capacity in a challenging urban environment.

Also on the rise: Altus Power plans more community solar on O’ahu, Wells Fargo passes $10 billion in tax equity investment for renewables, and Enphase Energy plans to issue $1 billion in senior notes.

Full-year revenues nudged up despite tough comparisons with the end of 2019 for the final quarter of last year. The inverter maker expects to log revenues of $385-405 million in the current three-month window.

Also on the rise: ARPA-E offers $100 million in R&D funding, California hunts for generation resources for this summer, and CIT Group helps arrange financing for a handful of BESS capacity.

After a Covid-19-stunted Q2, the company reported improved revenues for a second straight quarter, and closed 2020 with revenues north of $770 million.

Also on the rise: Enevate and Highview Power fuel growth plans with additional investors, and a new venture targets Li-ion battery recycling for fleet vehicles.