Solar ITC wins extension as part of pending congressional action
The solar ITC would remain at 26% for projects that begin construction in 2021 and 2022, step down to 22% in 2023, and down to 10% in 2024 for commercial projects.
Energy storage investments 2020: VC and equity firms put more than $500 million in these 25 battery startups
Here’s a year-end round-up of VC investments across the energy storage value stack.
VC funding in solar 2020: perovskites, silicon and utility-scale foundations, plus lots of software
Here’s a list of solar firms that VCs funded during this pandemic year.
Swift Solar secures financing to expand its perovskite R&D
The financing round was led by GitLab CEO Sid Sijbrandij and cryptocurrency expert James Fickel. Proceeds will be used to expand R&D, develop prototypes and add staff.
Silicon Ranch raises $225 million to fund 1 GW of solar by 2022
The company’s largest-ever funding round will help it bring more than 1 GW of solar on line and position Nashville-based Silicon Ranch to enter new markets.
Solar 2020 year in review: Thriving markets despite a pandemic, import tariffs and expensive PV
We cover residential resilience, tariff trouble, big Texas solar, storage everywhere, IPOs, interconnection queues and more in a review of this difficult, ridiculous, successful year. Next year will be better.
Energy Infrastructure Partners invests $640m in Baywa re
The Baywa group will maintain a 51% stake in the German renewable energy company.
The unglamorous approach to impact investing in energy
In the fashionable world of “impact” investing, often the least sexy investment makes the most impact; nowhere is this truer than in the energy sector
Morning Brief: Energy transition SPAC spreadsheet, Ørsted goes big on solar, Tesla’s lack of diversity
Also in the brief: Tesla’s first-ever Diversity, Equity and Inclusion Impact report shows the Elon Musk-helmed EV pioneer’s U.S. leadership is 83% male, and 59% white. Joe Biden weighs the 25% China import tariff, Some Cadillac dealers choose not to invest in an EV future.
SPAC, the final frontier: QuantumScape raises $680M for advanced EV batteries, TJ Rodgers raises $200M in SPAC IPOs, plus EVs galore and Stem
Once sort of disreputable, the SPAC is now a “financial innovation” and a “funding mechanism for ambitious companies who are in the midst of a growth phase-change,” in the eyes of some investors. Here’s a roundup.
