Sunrise brief: Solar project growth to rise 30% after ‘volatile’ 2020, IHS Markit says
Also on the rise: Sunrun to issue $350 million in notes, announces preliminary Q4 results; Borrego implements org changes and aims for 25% workforce growth this year.
Product roundup: Enphase, Panasonic, Con Edison, startups, and more
Check out this week’s list of some of the newest announcements related to clean energy products.
Solar BOS provider Shoals Technologies announces IPO
The Tennessee-based company’s balance-of-systems solutions are deployed on over 20 GW of solar energy systems globally.
Sunrise brief: Money flows as multiple investments are announced
Also on the rise: Power Sustainable aims $790 million at North American renewables, Macquarie unit invests in energy storage provider esVolta, EDPR buys its way into downstream C&I projects, Pattern Energy funds its Japanese expansion, and KBR signs on to support a hydrogen venture.
Tigo secures $20 million in funding
The capital will be used to improve upon existing products, develop next generation solutions and help the company scale.
Sunrise brief: Renewables Forward publishes inclusiveness handbook
Also on the rise: Swamped with interconnection requests, Michigan updates its rules; and Tigo Energy closes an investment round.
Ironridge shareholders sue Esdec over 2019 merger, allege fraud
The shareholders have filed a lawsuit alleging that Esdec concocted a plan to defraud them and has been avoiding buyout payments.
Sunrise brief: Work starts on 300 MW solar plus storage project
Also on the rise: Rural utilities add solar to support growth, the biggest deals of 2020 in solar finance, and CAMS acquires an O&M provider.
Total corporate funding into the solar sector rose 24% in 2020
Despite a slow start and a downturn in venture capital and private equity funding, total funding saw a significant rise, including the largest amount of projects acquired in a single year to date and the largest amount of securitization financing ever in a year.
An innovative offtake contract makes its solar sector debut
First used with wind projects, a pgPPA manages weather-related risk by settling a facility’s energy transfer based on a proxy generation index, rather than on actual metered generation. Operational risk shifts from buyer to seller.
