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Finance

Canadian energy storage project gains financing commitment

The 250 MW/1,000 MWh project will draw and store existing surplus energy during off-peak periods and also provide grid balancing services and reduce the need for renewable curtailment.

ECP acquires Pivot Energy, offering broader access to capital to fuel growth

ECP earlier invested in Sunnova, and has worked across the fossil and clean energy sectors.

Sunrise brief: Oil major to pay $220 million for 9 GW solar development pipeline

Also on the rise: a report highlights long-duration storage challenges, Canadian Solar to sell shares to fund its energy storage business, a Houston office block will sprout rooftop PV, and an Oregon bill expands EV access.

Solar 101: Three tips about those solar tax credits

We are by no means tax pros, but here are three insights to help you see how federal tax credits may benefit your solar project.

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iSun reports a wider loss, but seeks to grow with recent acquisitions

A year-over-year decline in EBITDA was due largely to higher general and administrative expenses and lower gross profit due to the impacts of Covid-19-related shutdowns.

Sunrise brief: First Solar joins global workers’ rights coalition

Also on the rise: Utah solar plant will supply a new Facebook data center, Talesun will supply bi-facial modules to a Pennsylvania solar project, and Deutsche Bank arranges financing for a 250 MW California solar project.

Sunrise brief: Leaders urge support for clean energy tax breaks that benefit public power

Also on the rise: Cummins and Iberdrola plan a $60 million green hydrogen plant, natural gas falls to renewables (and coal), and Aurora Solar closes a $250 million financing round.

The U.S. shines as a market ripe for renewable investment, EY says

EY consulting released two reports detailing how “a new era of energy policy” will bring significant renewable investment to the U.S. First quarter results may show what’s in store.

Sunrise brief: Farmland dispute deals a setback to a utility-scale solar project in New Jersey

Also on the rise: Supply chain costs hit Maxeon Solar’s Q1 results, Kentucky regulators set a new net metering rate, and Distributed Solar closes financing deal with Bank of America.

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Solar 101: The basics of net metering for your solar project

The concept of net metering is important to understand as it affects how long your solar project takes to pay for itself, and how your contractor will design your project. Here’s what you need to know.

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