Rural electric co-ops receive $4.37 billion in clean energy funding
Funding from the U.S. Department of Agriculture’s Empowering Rural America Program is available to rural electric cooperatives in Arizona, Colorado, Florida, Georgia, Minnesota, Nebraska, and Texas.
DOE finalizes $1.45 billion loan guarantee for Qcells’ Georgia solar plant
Qcells aims to reestablish critical parts of the U.S. solar supply chain by manufacturing ingots, wafers, cells, and finished solar modules.
Sunrise brief: Antidumping investigation could more than double cost of U.S. EV battery, energy storage
Also on the rise: Perovskite-silicon solar cell achieves 28.6% efficiency, ready for mass production. Energy experts urge California Governor to reject anti-rooftop solar executive order. And more.
PG&E granted loan guarantee of $15 billion from DOE
PG&E believes that investing in infrastructure will help it supply the forecasted load growth, increase electric reliability and reduce costs for its consumers across California.
DOE conditional loan of $559.4 million for solar-plus-storage in Puerto Rico
The loan guarantee is intended to finance a Convergent Energy and Power solar system with integrated battery energy storage and three stand-alone energy storage projects across Puerto Rico.
Developers close $538 million for 1.2 GWh battery storage facility in Canada
The Hagersville Park financing qualifies as a green loan. Once commissioned, the project will be one of Canada’s largest battery energy storage (BESS) sites.
$10 billion in government loans announced for EV companies
The DOE announced a $1.25 billion loan for EVgo to build fast chargers, along with $9.6 billion for Ford and battery manufacturer SK to construct three battery factories.
Basel III Endgame shouldn’t dim the future of renewable energy financing
Tax equity investors can continue providing benefits to developers while simultaneously reducing their risk in the event Basel III Endgame is implemented in its current form.
Camp Pendleton bags $42 million for zinc-ion battery storage
Awarded by California’s Long Duration Energy Storage program, the grant will enable International Electric Power to install six megawatts of storage at one of the country’s busiest installations.
Distributed energy storage provider closes $150 million in financing
Mitsubishi UFJ Financial Group provided the funding to help Convergent Energy and Power advance its energy storage and solar portfolio in North America.
