NY Green Bank attracts $314m investment from Bank of America
The backing will allow the bank to reinvest capital into new projects at a faster rate by making the additional financing available to more projects.
Sunrise brief: Bill would expand ITC to include integrated solar roofs
Also on the rise: A report names groups that are anti-solar and reveals their strategies, Illinois limits HOA power over rooftop solar, and SunPower added 13,000 customers in Q2 as it looks for big growth to close the second half.
SunPower added 13,000 solar customers, looks to strong growth in the third quarter
In its second quarter earnings statement, the company said it expects volume and margin improvements in its residential business to continue, with Q3 volume expected to top 40% compared with 2020.
Sunrise brief: Solar+storage gains a solid foothold across the U.S. grid
Also on the rise: Three startups that aim to change the solar and clean tech sectors, battery companies join effort to improve cycling performance, solar PV shipments rose in 2020 as demand grew and costs fell, and more.
NextEra earnings call points to unprecedented growth as industry tailwinds strengthen
The energy company has already met 75% of its low-end expectations for 2024, with 3+ years to go. Add in multiple potential industry tailwinds and a picture of unprecedented growth may be emerging.
Solar 101: How to calculate your solar system’s payback period
The simplest way to model the payback period is to divide the project’s costs by its expected annual production number. That’s a good start, but it doesn’t tell the whole story.
Tesla deployed 1.72 GWh of energy storage and 177 MW of solar energy in the first half
In its Q2 earnings statement, Tesla said it is working to improve its Solar Roof installation capabilities and aims to reduce their installation time “dramatically.”
Sunnova launches green financing framework and prices its latest securitization
The securitization was backed by more than 6,400 solar rooftop systems and represented the best price to date for a portfolio of solar and energy storage loan assets.
Go big and go home: The case for solarizing 30 million homes
A new report argues for the largest solar buildout the country has ever seen, which it said would create 1.77 million jobs and drive $69 billion in energy savings over five years.
Sunrise brief: With residential solar demand ‘through the roof’ can supply chains keep up?
Also on the rise: An insurer warns the solar industry about wildfire risks, Hawaiian Electric’s storage incentive program goes live, and solar energy jobs were lost in the pandemic year but are coming back, DOE says.
