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.
Carlyle Group makes $374m investment in Amp Energy
Canada-based Amp Energy has developed over 1.8 GW of projects globally and is eyeing more, according to the partners.
Sunrise brief: Battery-electric locomotive enters service
Also on the rise: NPPD shops for 2 million MWh of renewables, JV will fuel ReneSola expansion, Canadian Solar sells a project stake, and natural gas rebounds after a lousy 2020.
Sunrise brief: New York offers funds for electric bus transition
Also on the rise: Fluence gains an investor, Cap Dynamics buys an Arizona solar facility, and legislation would boost DER as a safeguard in wildfire-prone California.
Fluence gains investor to help drive energy storage growth
AES and Siemens will remain major shareholders and will continue to support Fluence’s long-term growth. The company currently has 2.4 GW of projects deployed or awarded across 24 countries and territories worldwide.
