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Finance

Renewable advocates urge regulators to reject fixed charge for shared solar program

The Virginia State Corporation Commission’s Hearing Examiner has proposed a requirement for residential shared solar customers to pay a $55 minimum bill each month, which opponents claim will dramatically limit program participation.

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Community choice solar programs save New Yorkers $7 million in seven months

Joule’s programs have helped to bring access to clean energy and bill savings to 800,000 New Yorkers in 44 municipalities across the state.

IHS Markit: Battery prices won’t fall until 2024

Business data analyst IHS Markit published a series of clean tech predictions for the year that also highlighted the rising proportion of sub-5MW solar projects in the global market, and cheaper clean energy financing costs even as panel prices continue to rise.

SolaREIT closes $100 million securitization

The solar real estate investment fund, which leases solar sites from landowners, closed the deal with Nuveen.

Three non-profits receive NREL support to help BIPOC houses of worship to go solar

RE-volv, Green The Church, and Interfaith Power & Light to discover new approaches to solarize houses of worship in communities of color nationwide.

New York town plans floating-solar demonstration project

Cohoes, New York’s $6 million floating solar project will demonstrate how municipalities can turn reservoirs into clean energy plants, while serving the needs of low-income residents.

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Verizon issues $1 billion green bond with proceeds going toward renewable energy investments

The company is partnering with three minority- and women-owned firms as lead underwriters for this green bond, its fourth since 2019.

Gridpoint closes $75 million in funding

The company will use the funding to develop and optimize its technology platform that makes buildings smarter and more sustainable through data analytics, intelligent automation, and machine learning.

US EV battery manufacturer demonstrates 750+ mile range, raises $65 million

Michigan’s Our Next Energy (ONE) said it will use the funding led by BMW to accelerate R&D and build a US manufacturing facility.

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Rackless, earth-mounted solar provider earns funding

Erthos secured a $17.5 million Series B from an investor who participated in the startup of Tesla and SpaceX. The utility-scale solar company has a 2.5GW project pipeline.

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