Also on the rise: Bill Gates-backed fund invests in automated utility-scale solar installation platform. It’s time to fix our nation’s broken interconnection process. And more.
Terabase Energy raised $44 million in funding round, supporting digital and robotic platform for building utility-scale solar power plants.
Also on the rise: White House announces solar initiatives to reduce electricity bills, create clean energy jobs. Solar powered lawn mowing. And more.
The company issued strong guidance for Q3 as its revenues and earnings per share beat estimates.
Also on the rise: Toledo Solar talks made-in-USA solar for stable supply chains, lower emissions, fair labor. What’s the value of curtailing renewables? And more.
The initiatives will support recycling processes, manufacturing perovskite PV cells, boosting thin-film cadmium telluride module manufacturing, and creating easier and more effective pathways to commercialization.
Commercial, industrial, and non-profit solar developers can now generate power purchase agreements via Sustainable Capital Finance on the company’s developer platform.
Also on the rise: Aerial inspection of solar plants goes mainstream. Faster, lower-cost interconnection by combining ERCOT, MISO, PJM approaches. CleanCapital acquires BQ Energy. And more!
The close includes $58.5 million in Green Loan construction financing and an additional $62.5 million tax equity commitments, with $50 million set to come once the project is operational later this summer.
The investment will support Solterra Energy’s pipeline of 1 GW of distributed generation and utility-scale solar energy projects across the eastern United States.
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